Category: Stocks

Prime Minister Narendra Modi distributed 71,000 appointment letters to new recruits on January 20, across various departments of the government. The distribution of appointment letters will take place as a part of the Rozgar Mela launched by the Prime Minister in October,2022. The distribution of the appointment letters will take place at 10:30 am via […]

Tanishq enters American market; first store inaugurated by Senator Robert Menendez. Tanishq, India’s leading jewelry retail brand from the house of Tata, has entered the American market and its first store, in New Jersey’s Little India, was inaugurated by Senator Robert Menendez this week. “Oak Tree road is the jewelry capital of New Jersey,” Menendez, […]

A report by the World Gold Council about China’s gold jewellery market predicted a robust growth in Q1 2023 for China’s gold jewellery consumption. A relaxation in COVID-19 restrictions and the anticipation of higher demand ahead of the Chinese New Year are driving a rise in gold prices in China. Gold prices reached their highest […]

The marriage of liberal economics and democracy has brought immense benefits to the world, but faces its toughest test in decades. What needs to be done? Martin Wolf ©The Financial Times Limited 2020 Jan 20, 2023 / 01:01 PM IST All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not […]

The winning bid will be matched by Mahindra and the amount distributed among the winners of the Mahindra Rise Sustainability Champion Awards or a not-for-profit organisation picked by the winning bidder Mahindra and Mahindra chairperson Anand Mahindra has announced that the automaker will auction an exclusive edition XUV400, with proceeds going to a charity. The exclusive […]

Coforge has signed the largest number of large deals in a quarter in its history. As a consequence, the order intake at $ 345 million has been the highest ever, said CEO Sudhir Singh Coforge’s performance comes as a pleasant surprise when most of IT companies are flagging off growth concerns in the European and […]

In November, HDFC raised 19 billion rupees through bonds maturing in 10 years at an annual coupon of 7.79%. Reuters January 20, 2023 / 11:26 AM IST HDFC India’s Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday. The company plans to […]

Following completion of the full set of clinical studies, Dr Reddy’s said it will now prepare to file in the US, European Union and other regions for approval of ‘DRL_RI’. PTI January 20, 2023 / 11:26 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ […]

If boards continue to remain passive it will only be a matter of time before independent directors are called to question. (Representational image) In the recent incident of a traveller allegedly urinating on a co-passenger on an Air India flight, the perpetrator was summarily sacked by his employer, a global bank. The employer claimed that […]

The nomination and remuneration committee has extended the tenure of Gurnani till December 19, 2023 as it looks to work on the succession plan of Gurnani. PTI January 19, 2023 / 11:53 AM IST CP Gurnani, CEO and MD, Tech Mahindra ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else […]

Under the most preferred scenario, India is likely to cross the critical thresholds of $ 5 trillion, $ 10 trillion and $ 20 trillion in market exchange rate terms in FY2028, FY2036 and FY2045, respectively. India is expected to become the fastest-growing large economy with a gross domestic product (GDP) size of $ 26 trillion […]

Manasi Tata, who had joined the board of Toyota Kirloskar Motors in December as Director after her father’s demise, will now lead as the Vice Chairperson of both Toyota Kirloskar Motors and Toyota Kirloskar Auto Parts. A fifth-generation scion of the Kirloskar empire, Tata graduated from the Rhode Island School of Design in the US […]

TechCrunch first reported about the layoffs at the UK-headquartered Sophos. The company, however, did not reveal the exact numbers. January 19, 2023 / 12:16 PM IST Cyber-security company Sophos is laying off about 450 people globally including in India which is 10 percent of its workforce to achieve “the optimal balance of growth and profitability”. […]

Growth, along with with steady margin, stable cost matrix, and benign credit cost should support further expansion in the RoA for IndusInd Bank PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Highlights Strong overall show […]

Market valuation in absolute sense is not too expensive compared to past budget periods A point of bother for the markets is how the finance minister achieves a balance between supporting consumption and investment while keeping the fiscal house in order PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus […]

The US FDA’s EIR is received for the drug-device combination to be commercialised from the Stelis Pharma’s flagship facility in Bengaluru, India The FDA had in September 2022 issued Stelis Pharma an EIR based on on-site Pre-Approval Inspection (PAI), and then in December 2022, the first product approval for one of its key customers (Image […]

According to the monthly CDSCO alert for December, the cough syrup samples pertain to five different batches manufactured in August 2021 (Representative Image) The Central Drugs Standards Control Organisation (CDSCO) has flagged five cough syrup samples manufactured by Maiden Pharmaceuticals at its Baddi plant in Himachal Pradesh after being found as ‘not of standard quality’. […]

Rumours of the demise of international business and trade have been exaggerated Martin Wolf ©The Financial Times Limited 2020 Jan 18, 2023 / 12:11 PM IST All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way. The global financial crisis, COVID, […]