Navigating Gold Price Shifts in India: What’s Affecting Your Investment On December 2, gold prices in India remained high. 24-carat gold—renowned for its purity—was priced at Rs 77,990 per 10 grams. For those seeking a more durable option, 22-carat gold, alloyed for added strength and commonly used in jewelry, stood at Rs 71,490 per 10…
SEBI Board Meeting and New Agenda The Securities and Exchange Board of India (SEBI) is set to hold its board meeting today. This will be the first meeting since Hindenburg Research raised concerns about Chairperson Madhabi Puri Buch, specifically regarding potential conflicts of interest and employee grievances. Additionally, protestors from the Indian Youth Congress are…
Arkade Developers IPO Update: What Investors Need to Know The IPO for Arkade Developers, a real estate development company, has generated impressive interest from investors. After a successful bidding period from September 16 to 19, all eyes are now on the allotment results, which are expected to be announced today, September 20. Key Dates: IPO…
KFin Technologies Rises to New Heights: Record Surge and Ambitious Global Expansion Plans Shares of KFin Technologies surged over 10%, hitting a record high of Rs 1,111 each. This jump came amid heavy trading, with around 4.6 million shares changing hands on the BSE and NSE, surpassing the usual weekly average of 0.7 million. So…
Bharti Enterprises Acquires Major Stake in BT: All You Need To Know India’s Bharti Enterprises, led by billionaire Sunil Bharti Mittal, announced it would acquire a 24.5% stake in British telecom giant BT Group, valued at £3.2 billion ($4 billion). This move involves buying out Patrick Drahi, the top investor in BT, as his Altice…
Global Markets in Freefall: Trillions in Losses as Economic Turmoil Hits Worldwide Market Collapse Across the Globe On August 5, global markets plunged into a dramatic sell-off as investors fretted about a US recession. Key indices in the US, including the Nasdaq, the S&P 500, and the Dow Jones, along with major European markets like…
Infosys Shares Slip Amid GST Investigation- Legitimate Inquiry or Tax Terrorism? Infosys shares dropped nearly 1% in morning trading following significant news. The Directorate General of GST Intelligence (DGGI) is investigating the company for allegedly evading over Rs 32,000 crore in taxes. If proven, this investigation could substantially impact Infosys’ financial standing and market perception….
Budget Bombshell: ITC Shares Skyrocket Amidst Taxation U-Turn ITC Share Price Rises After Budget Announcement On Tuesday, ITC’s share price surged by more than 5%. This increase came right after Finance Minister Nirmala Sitharaman delivered her budget speech without changing tobacco taxation. This decision relieved companies like ITC and its investors, who depend heavily on…
Wipro’s Stock Tumbles: Disappointing Q1 Results Rattle Investors Faces Stock Decline After Q1 Results After it released its quarterly results last Friday, its stock dropped significantly, closing more than 9% lower on Monday. This followed a disappointing performance that missed market expectations. Financial Performance and Market Reaction They reported a decline in constant currency revenue…
Infosys Shines Bright: Q1 2024 Financial Highlights Unveiled! Infosys, India’s second-largest IT services company, recently shared its financial results for the quarter ending June 30, 2024. They reported a consolidated profit after tax (PAT) of ₹6,368 crore, 7.1% higher than the ₹5,945 crore from last year. However, their profit dropped by 20.1% compared to the…
