The Indian IT sector, valued at $254 billion, experienced a significant reduction of over 70,000 employees in FY24. (AI image) India’s top IT services firms like TCS and Infosys have set higher fresher recruitment goals for fiscal 2026, encouraged by indicators of renewed technology investment. The six largest IT organisations in the country collectively aim…
Market experts anticipate trading within a broad range. Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 77,100, Nifty50 was near 23,400. At 9:16 AM, BSE Sensex was trading at 77,150.67, up 77 points or 0.10%. Nifty50 was at 23,394.90, up 50 points…
Top stock picks today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Steel and Divi’s Laboratories are the top stock picks for today:JSW Steel – Buy in the range between Rs 920 and Rs 930, Stop loss at Rs 880; Target: Rs 1,000JSW…
Nomura maintained its ‘buy’ rating on Kotak Mahindra Bank but cut the target price from Rs 2,170 to Rs 2,110 (+10%) after the lender announced its Oct-Dec quarterly numbers. Analysts feel the bank has given a healthy performance in a tough macro environment, with a stable asset quality. The price was cut since analysts see…
Bernstein maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts said that during the Oct-Dec quarter, the company delivered another all-round beat across revenue, margin and earnings. Also, FY25 revenue growth guide was raised by 60 basis points to 4.5-5% ahead of street estimates. They continue to see upcycle…
NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce a bill for a new direct tax law in the budget session, which will focus on simplification of the provisions, doing away with the ones that are redundant and attempt to make the language more layman friendly.The committee tasked with the revision, is deciding if…
Zomato CEO Deepinder Goyal apologised for charging Rs 2 fee for veg-mode enablement and said that it is “stupid on our part.”Responding to a LinkedIn post that criticised this charge and called it “Zomato’s latest masterstroke,” Deepinder Goyal said the charge will be removed and will be fixed. He after few minutes again commented removed…
Friday trading will be influenced by financial results from key companies. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in opening trade on Friday. While BSE Sensex was down oner 450 points, Nifty50 was below 23,200. At 9:18 AM, BSE Sensex was trading at 76,607.41, down 435 points or…
MUMBAI: Reliance Industries, India’s largest company in terms of market value, reported a 12% rise in quarterly profit on Thursday, helped by strong demand in the retail business, and as higher telecom tariffs and a rise in 5G subscribers boosted the telecom unit. Profit grew to Rs 21,930 crore in the Dec quarter, beating analysts’…
MUMBAI: Stocks of companies belonging to the Adani group rallied as much as 10% in Thursday’s market on the back of news that Hindenburg Research will close down. Nearly two-years to the day, the US-based short-seller had brought a massive crash in Adani group’s stocks after it published a 110-page report alleging several corporate malfeasances…
