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…
India’s fast fashion business is gearing up for intense competition. The runaway success of Zudio, a brand owned by a Tata company, Trent, has prompted Reliance Retail Ventures Ltd to tie up with a Chinese fast fashion giant, Shein, which has made waves across the world, overtaking major global fashion brands. ET has reported that…
Reliance chairman Mukesh Ambani and Adani Group founder Gautam Adani are facing multiple threats that are hitting their businesses – and their immense personal wealth. Both Ambani and Adani have tumbled out of the elite centibillionaires club – people with fortunes above $100 billion.Ambani’s energy and retail businesses have been underperforming amid rising investor concern…
Currently, both Mukesh Ambani and his contemporary Gautam Adani, are confronting various challenges. India’s richest men, Mukesh Ambani and Gautam Adani, have seen their net worth drop below the $100 billion mark in the last few months. Currently, both Mukesh Ambani, who leads Reliance Industries Ltd, and his contemporary Gautam Adani, who established the Adani…
The ranking methodology by Motilal Oswal involves listing the top 100 companies in descending sequence based on absolute wealth created. (AI image) Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator stock over 2019-24, according to a study report by Motilal Oswal Financial Services. According to the 29th Annual Wealth Creation Study of…
Indian industry giants Reliance and Tata are once again going head-to-head, and this rivalry is poised to deliver significant benefits to Indian consumers. Reliance Retail is challenging Tata Group‘s Zudio with ‘Yousta,’ its response to the success of Zudio, a brand known for combining style and affordability. And why not, the value fashion segment in…
A bustling week in the tech sphere featured the launch of Realme GT 7 Pro with Snapdragon 8 Elite chipset in India, a contempt notice issued to Google CEO Sundar Pichai, and Infosys announcing an 85% performance bonus. The CCI initiated a probe against Google, and the government introduced PAN 2.0 to tackle fraudulent activities….
Stock market today: Indian stock markets ended a five-day losing streak on Monday as upbeat quarterly results from ICICI Bank and other lenders powered gains in banking stocks, despite ongoing foreign selling and lackluster corporate earnings. The BSE Sensex climbed 0.76 per cent or 602.75 points to close at 80,005.04, while the Nifty50 rose 0.65…
The domain – JioHotstar.com is at the centre of a dramatic showdown involving an app developer in Delhi, siblings based in Dubai and the company Reliance Industries itself. It all started when a Delhi-based techie posted a letter on the internet, asking Reliance executives to fund his higher studies in exchange for giving up the…
Stock Market Today: The Indian equity benchmark indices, BSE Sensex and Nifty50, faced significant losses on Tuesday due to a massive outflow of foreign funds from the capital markets and weak global equities.The BSE Sensex dropped 930.55 points or 1.15 per cent to settle at 80,220.72, while the Nifty50 declined 309 points or 1.25 per…
