Software giant Wipro's Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes. Mukesh Ambani of Reliance Industries, India's richest man, came third on the list with a Rs 577 crore contribution and was succeeded by Kumar Mangalam Birla with Rs 377 crore.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
'It could tempt investors to pick stocks that are not fundamentally sound.'
Chaired by Cabinet Secretary P K Sinha and attended by chiefs of the three services, secretaries of home, defence and others, the National Crisis Management Committee took stock of the prevailing situation in Kerala and directed all concerned to ensure continued assistance to the state government to meet the crisis, a home ministry spokesperson said.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
While small-caps have delivered higher returns than their large-cap peers, investors would do well to recognise the incremental risk of investing in these companies.
Live lessons help students strengthen their JEE preparation. They can also track their progress over time, identify strong and weak areas, get insights on overall test-taking strategy.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
US President Donald Trump took a loop around the Daytona 500 racetrack on Sunday in his presidential limousine, drawing cheers from fans at NASCAR's most prestigious race not long after completing a dramatic flyby on Air Force One. Ramping up his nationwide re-election effort after his acquittal in the US Senate impeachment trial, Trump served as grand marshal at the annual National Association for Stock Car Auto Racing event, which takes place in the electoral swing state of Florida.
The results are required to be disclosed by listed companies on stock exchange platform for benefit of investors.
Four senior Twitter executives are leaving the media company, CEO Jack Dorsey tweeted late on Sunday night, the biggest leadership changes since Dorsey returned as chief executive as he struggles to revive the company's growth.
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.
Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
The company would roll out the BS-VI range of products and an automatic transmission version of its latest car 'Triber' next year.
Mutual funds bought metal, telecom, pharma, cement, and oil and gas stocks in August. Selling was seen in auto majors, sugar, power, textile, and construction stocks, while stocks were re-aligned in the IT, and chemical sectors.
'The Fire and Fury Corps is the only formation of the Indian Army and also in the world to have actually deployed mechanised forces in such harsh terrain. The maintenance of the tanks, infantry combat vehicles and heavy guns is a challenge in this terrain. To ensure crew and equipment readiness, adequate arrangements are in place for both man and machine'
As it is with all Hyundais, the quality of the materials used is good and the cabin feels premium, practical and well put together.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Abramovich handed Chelsea director control of firm on day of Ukraine invasion - filings
$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
German prosecutors launched an investigation on Monday into fraud allegations against former Volkswagen boss Martin Winterkorn.
The broad market depicted strength. 1,525 shares rose and 1,131 shares fell. A total of 156 shares remained unchanged
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
As IT midcap stocks ride high, it has created speculation around a potential bubble with analysts picking the midcaps' client concentration as the biggest concern area.
The scandal has also rocked the wider car market, with manufacturers fearing a drop in diesel car sales.
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
It said the final induction ceremony will take place in second half of August. 'The first batch of five Indian Air Force Rafale is likely to arrive in India by end of July.The aircraft will be inducted at Air Force Station Ambala on July 29 subject to weather,' the IAF said.
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
The Pune-based Rahul Bajaj group, thanks to an amazing stock market ride by Bajaj Finance and Bajaj Finserv, has grabbed third spot, pushing the Aditya Birla group down to fourth position.
Situated at a height of 15,200 feet above sea level, the pass sits on the top of a craggily formed Himalayan range that separates the Tibetan plateau from the Indian sub-continent.
UPSC's female topper, All India Rank 5 Srushti Jayant Deshmukh, tells us how she cracked the tough exam.
The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
According to current regulations, a company's buyback offer size cannot exceed 25 per cent of its paid up capital plus reserves
A study of the top ten mutual funds' equity portfolios as on March 30 reveals that funds bought huge chunks of metal major SAIL, engineering stock KEC Infrastructures, while diluted their exposure to FMCG major ITC.
The Hero Impulse was in a massive need for power and the 223cc engine from the Karizma just adds lots of it to the bike which is now more fun to ride, writes Indian motoring website MotorBeam.
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