HCLTech, India's third-largest IT services company, reported robust Q2 revenue growth of 2.3 per cent in constant currency, driven by services and ER&D segments, with strong new deal wins of $3.3 billion and significant traction in its AI business. Despite exceeding margin estimates and raising revenue guidance, some brokerages remain cautious due to the stock's premium valuation compared to peers.
A report in the Reserve Bank of India's (RBI's) monthly bulletin suggests that satellite-based night-time lights data and Google search trends can significantly improve quarterly economic growth estimates for Gujarat, Maharashtra, and Karnataka, reducing errors by up to 62 per cent.
Indian benchmark equity indices, Sensex and Nifty, experienced a decline in early trade due to elevated crude oil prices, ongoing geopolitical uncertainties, and investor caution ahead of the US Federal Reserve's policy decision later this week. Track Sensex, Nifty on October 26.
Indian benchmark equity indices, Sensex and Nifty, closed lower for the fourth consecutive session, driven by a surge in crude oil prices above USD 114 per barrel due to escalating tensions in West Asia, coupled with broad-based selling and FII outflows.
Mid and smallcap mutual fund schemes in India have quadrupled their assets under management (AUM) to 10 trillion in five years, driven by strong investor inflows and market gains, with experts anticipating continued growth despite mixed valuations.
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
Indian benchmark equity indices, Sensex and Nifty, significantly recovered from sharp early losses, driven by buying in State Bank of India and Reliance Industries, alongside fresh foreign fund inflows, despite declines in Axis Bank and HDFC Bank.
The Pakistan Cricket Board (PCB) is poised for a significant overhaul under chairman Mohsin Naqvi, with anticipated changes to the national selection committee and the release of key personnel like Aqib Javed and Wahab Riaz. This comes amidst a losing streak and internal turmoil, prompting radical measures to improve the team's performance and administrative efficiency.
Indian benchmark stock indices, Sensex and Nifty, rebounded significantly after a four-day losing streak, driven by value buying and strong performance in metal, telecommunication, and healthcare sectors.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, primarily driven by a more than 4 per cent surge in Tata Consultancy Services (TCS) shares following its robust Q2 net profit announcement. Track Sensex, nifty on October 9.
Indian benchmark indices, Sensex and Nifty, recovered early losses on Wednesday, driven by strong buying in IT stocks and HDFC Bank, sustaining the previous session's recovery despite FII outflows. Track Sensex, Nifty on October 14.
Indian benchmark indices Sensex and Nifty opened higher, extending their previous session's rally, driven by a decline in global oil prices, despite continued selling by Foreign Institutional Investors.
Indian benchmark indices Sensex and Nifty saw an early rebound, driven by strong performances from blue-chip HDFC Bank and major IT firms like HCL Tech, which reported a significant rise in net profit. Track Sensex, Nifty on October 13.
Four Indian players in the ICC ODI top 10 highlight India's remarkable depth, giving the team a strong pool of match-winners ahead of major ODI assignments.
Active and passive funds offer different advantages across market-cap segments, making a mix of both a sensible portfolio strategy.
Shriram Finance, a leading Indian NBFC, is aggressively expanding its gold loan and electric vehicle (EV) financing segments, targeting a Rs 20,000 crore gold loan portfolio within two years and expecting significant growth in EV disbursements.
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.
Indian benchmark indices Sensex and Nifty saw a sharp rebound in early trade, driven primarily by a rally in IT stocks and a decline in crude oil prices, even as global markets faced selling pressure due to US inflation concerns. Track Sensex and Nifty on
Indian benchmark indices Sensex and Nifty traded lower in early sessions due to profit-taking and significant foreign institutional investor (FII) outflows, despite strong performance from IT stocks like Tech Mahindra. Track Sensex, Nifty on October 16.
Indian equity benchmarks Sensex and Nifty rallied up to 1 per cent in early trade, driven by strong performance in IT stocks, Reliance Industries, and favourable global market sentiment, rebounding from previous losses.
ICICI Bank announced a significant 22.28 per cent increase in its consolidated net profit, reaching Rs 16,333.18 crore for the September quarter, primarily fuelled by a 30 per cent jump in its loan portfolio.
Indian benchmark indices Sensex and Nifty extended their rally for a second consecutive session, driven by a decline in Brent crude oil prices below USD 100 per barrel and strong buying in banking stocks and Reliance Industries.
'The Indian market has struggled over the past two years.' 'It peaked in September 2024, and although it has moved up and down since then, investors have not really made money.'
Indian benchmark indices, Sensex and Nifty, surged over 1 per cent, recovering from two days of losses, driven by a strong rally in IT stocks, particularly TCS, and a moderation in global crude oil prices.
Indian equity benchmarks Sensex and Nifty extended their losses for a third consecutive session, with the Sensex declining 460.30 points and the Nifty dropping 123.70 points, primarily due to surging crude oil prices driven by escalating tensions in West Asia and weak global cues.
A new study analysing over 33,000 cancer journal articles has uncovered widespread citation manipulation by "research paper mills". These fraudulent organisations artificially inflate citation counts, a key academic performance metric, for thousands of articles. The suspect papers show unusually high citations but low readership, distorting scientific evidence and potentially slowing progress.
As Israel prepares for parliamentary elections on Tuesday, Prime Minister Benjamin Netanyahu faces a critical test of his leadership amidst the fallout from the October 7, 2023, Hamas attack, the ongoing Gaza war, and significant domestic challenges.
Police in Greater Noida have arrested three relatives of a deceased man for alleged abetment to suicide, following the deaths of five family members from suspected poisoning. The investigation suggests a property dispute may be the motive, with the deceased having left a voice note blaming the accused. Forensic reports are awaited to confirm the exact cause of death.
Domestic passenger vehicle dispatches in India increased by 21.8 per cent year-on-year to 4,54,574 units in September, while two-wheeler sales rose 13.5 per cent to 24.63 lakh units, according to SIAM data.
Amit Mishra claims Virat Kohli assured him of an India comeback after injury but never responded, despite the leg-spinner regaining full fitness.
Despite recent electoral losses to the newly formed Tamilaga Vettri Kazhagam (TVK) in both the April Assembly election and October 6 by-polls, the Dravida Munnetra Kazhagam (DMK) has demonstrated a robust and independent vote bank. Electoral data indicates that the DMK maintained significant voter support, securing its position as the principal opposition party and potentially a key challenger to the TVK in future elections, including the 2029 Lok Sabha elections.
Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, ending a two-day rally, driven by a spike in Brent crude oil prices above USD 101 per barrel and investor caution ahead of the Reserve Bank of India's monetary policy decision. Track Sensex, Nifty on October 7.
Indian benchmark indices, Sensex and Nifty, extended their rally in early trade, driven by strong buying in bank stocks, Reliance Industries, and positive global cues, despite foreign institutional investors offloading equities.
A sharp price fall alone does not justify averaging down.
Apple's highly anticipated and most expensive foldable smartphone, the iPhone Duo, has completely sold out its first week's stock in India through pre-bookings, ahead of its official sale date of October 23. This strong demand, particularly at Apple Stores in Mumbai and New Delhi, signals a significant entry into the premium foldable market.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
Indian equity benchmarks Sensex and Nifty experienced a decline in early trade, primarily due to a sell-off in power and metal stocks, mirroring a broader downturn across Asian markets. Elevated crude oil prices and firm US bond yields further dampened investor sentiment, while an expert warned of an impending correction in overvalued mid and small-cap segments. Track Sensex, Nifty on October 22.
Indian benchmark indices Sensex and Nifty rebounded in early trade after two days of losses, driven by easing crude oil prices and strong buying in blue-chip IT stocks, despite continued global uncertainties. Track Sensex, Nifty on September 30.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, driven by a moderation in crude oil prices, despite persistent selling by Foreign Institutional Investors (FIIs) and mixed global market cues.
