Sensex, Nifty climb on firm trend in global markets

Equity benchmark indices Sensex and Nifty ticked higher for the fourth straight session on Wednesday, helped by buying in metal and commodity stocks amid a positive trend in global equities. Photograph: Danish Siddiqui/Reuters However, intense selling pressure on telecom, IT

Zambia copper mine: Vedanta scouts for fundraise options

Anil Agarwal-owned Vedanta Resources (VRL), which has hired Standard Chartered Bank to raise funds for its Konkola copper mine assets, says it is engaging with several potential partners for both short-term funds and long-term equity financing for the Zambian project.

How the markets will fare this week

Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said. Photograph: Kind courtesy Geralt/Pixabay Equity markets will remain closed on Thursday for Eid-Ul-Fitr.

Improving hiring expectations, investment gains positive for Info Edge

Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. IMAGE: Sanjeev Bikhchandani, founder and executive vice chairman, Info Edge which owns Photograph:

Wipro CEO Thierry Delaporte resigns; Srinivas Pallia named new chief

Indian IT major Wipro on Saturday announced the resignation of Thierry Delaporte as CEO and named Srinivas Pallia as the new Chief Executive Officer of the company, effective immediately. The announcement comes days before the Bengaluru-headquartered company is scheduled to

Punit Goenka keen to prune Zee workforce by 15%

ZEE Entertainment Enterprises Ltd on Friday said its  MD & CEO Punit Goenka has initiated a process of rationalisation of workforce by 15 per cent to prune staff strength across the company. Photograph: Bobby Yip/Reuters In a regulatory filing, ZEE

Byju: ‘We’d like you to be part of our turnaround story’

‘Despite the animosity shown by some of the investors in pursuing uncalled for legal actions, we continue to show good faith towards all our shareholders.’ IMAGE: Photograph: Dado Ruvic/Illustration/Reuters   Byju Raveendran, founder and CEO, Byju’s, has offered its disgruntled

Bandhan Bank founder CEO C S Ghosh to retire in July

Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure

India’s forex kitty jumps to all-time high of $645.58 bn

India’s foreign exchange reserves increased $2.95 billion to $645.58 billion for the week ended March 29, the Reserve Bank of India (RBI) said on Friday. Photograph: Dado Ruvic/Reuters This is the sixth consecutive week of a jump in overall reserves.

Sensex gains marginally to scale new peak after RBI policy decision

Equity benchmark index Sensex registered marginal gains to hit fresh lifetime high on Friday after the Reserve Bank maintained the status quo on key interest rates amid a negative trend in global markets. Photograph: Danish Siddiqui/Reuters The six-member rate-setting panel