Benchmark equity indices Sensex and Nifty crashed 1.6 per cent on Monday due to an across-the-board selloff, as concerns over third-quarter earnings growth and the continued flight of foreign capital sapped risk appetite. Photograph: PTI Photo from the Rediff Archives
India’s second-largest IT services firm, Infosys, has deferred its annual salary hikes to the fourth quarter of the current financial year (Q4FY25), Moneycontrol reported on Monday. The Bengaluru-based company last implemented salary hikes in November 2023. Company Value Change %Change
Gujarat Toolroom board, on Monday, approved 5:1 bonus issue, allowing shareholders five additional shares for every one share they own. However, the company further informed the exchanges that approval from members is still pending. The bonus shares are likely to
India has set an ambitious target of textile exports worth $100 billion by 2030, but the recent data released by the Ministry of Textiles pertaining to India’s textile and apparel trade puts achievement of the goal in jeopardy. Textile and
Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter. Photograph: Mansi Thapliyal/Reuters Several FMCG makers are likely
Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at Rs 11.65 trillion, while advances increased 11.76 per cent Y-o-Y at Rs 9.63 trillion,
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship
After a long-drawn process, January 6 marks the record date for ITC Hotels’ demerger. Announced in July 2023, the restructuring will see ITC retain a 40% stake in its hotel business, with the remaining 60% directly held by shareholders through
The Centre has appointed former Allahabad high court judge justice Mayank Kumar Jain as the second judicial member of the Securities Appellate Tribunal (SAT). Jain will serve a term of four years or until he reaches the age of 67,
Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. IMAGE: Kindly note the image has
