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  Wipro surges over 13 per cent despite 12 per cent decline in Q3 profit YoY

  January 15, 2024 11:16 IST

  Wipro's revenue from its IT business fell by 1 per cent  and stood at Rs 22,151 crore, while its earnings before interest and tax margin for its IT business stood at 16 per cent.

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  Artificial Intelligence to impact about 40 per cent jobs globally: IMF

  January 15, 2024 10:55 IST

  Artificial intelligence is likely to exacerbate overall inequality, and more productivity from high-income workers and companies would boost capital returns, widening the wealth gap, said IMF Managing Director Kristalina Georgieva.

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  Stock markets: Sensex breaches 73,000-mark for first time, Nifty goes past 22,000 in early trade

  January 15, 2024 10:23 IST

  Stock market indices achieved new milestones on Monday, with the BSE Sensex reaching a record high and the NSE Nifty surpassing the 22,000 mark for the first time.

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  IndiGo announces direct flights between Mumbai-Ayodhya from January 15

  January 14, 2024 23:58 IST

  IndiGo's move came after it began flight operations between Ayodhya and Delhi on December 13.

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  India's emergence as economic prowess attract foreign investments in equity market

  January 14, 2024 22:53 IST

  India's robust economic growth and investor-friendly policies position it as an attractive emerging market, drawing foreign investments despite global challenges. FDI is expected to rise in 2024, driven by healthy macroeconomic indicators and production-linked incentive schemes.

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  Smallcap stock bags export orders as strong demand steers pharma industry towards paradigm shift

  January 14, 2024 22:01 IST

  A smallcap pharma sector stock, Evoq shares made its debut on BSE SME in March 2022. It offers a wide range of pharmaceutical formulation products.

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  Budget 2024: Realty sector wants industry status from Modi government

  January 14, 2024 20:15 IST

  The Indian real estate market is poised for robust growth, backed by supportive government policies aimed at affordability and sustainability. Developers advocate for lower lending rates in the affordable segment and an expanded definition of affordability.

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  Masur production estimated to touch record 1.6 mn tons this rabi season: Govt

  January 13, 2024 14:48 IST

  India imports some pulses to meet the domestic shortages. The country is the world's largest producer and consumer of pulses.

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  Budget 2024: Here's what you can expect from this year's interim budget announcement

  January 12, 2024 18:50 IST

  The interim budget to be presented by Union Finance Minister Nirmala Sitharaman is expected to feature fiscal measures, including potential tax reductions, aimed at tackling rising prices and addressing ongoing inflationary trends.

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  Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US

  January 12, 2024 18:17 IST

  Several exchange-traded funds linked to the spot price of Bitcoin began trading in the United States on Thursday after receiving approval from the Securities and Exchange Commission.

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  Retail inflation edges up to 4-month high of 5.69 per cent in December

  January 12, 2024 18:30 IST

  Food inflation, which constitutes nearly half of the overall consumer price basket, increased to 9.53 per cent in December, up from 8.70 per cent in November.

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  HDFC Life Q3 net profit climbs 16 per cent to Rs 365 crore led by market rally

  January 12, 2024 17:51 IST

  The net premium income for HDFC Life Insurance rose by 6 per cent to Rs 15,273 crore in the quarter, while the value of new businesses declined by 2 per cent. 

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  Rupee climbs for eighth straight day by 11 paise to 82.90 against US dollar

  January 12, 2024 16:57 IST

  The rupee started the session weaker at 83.08 against the US dollar at the interbank foreign exchange, fluctuating between 82.86 and 83.10. The currency eventually settled at 82.90.

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  Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent

  January 12, 2024 17:08 IST

  The consolidated revenue for Wipro in the third quarter stood at Rs 22,205 crore, a 4.40 percent year-on-year (YoY) decline.

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  Sensex hits record 72,720; Nifty at all time high of 21,928 led by IT stocks

  January 12, 2024 16:02 IST

  The Sensex rallied by 847.27 points to end the session at a record high of 72,568.45, while the Nifty rose by 247.35 points to an all-time high of 21,894.55.

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  Mukesh Ambani re-enters USD 100 billion club amid surge in RIL stock  

  January 12, 2024 12:39 IST

  The rise in Reliance shares over the past few days has resulted in a USD 5.47 billion rise in Mukesh Ambani’s net worth since the beginning of the calendar year.

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  TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore

  January 12, 2024 11:54 IST

  The stock rose by 4.21 per cent to Rs 3,893.70 on the BSE and 4.24 per cent to Rs 3,894 per share on the NSE. The company's revenue rose by 4 per cent to Rs 60,583 crore, with strong double-digit growth in emerging markets for the third quarter.

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  Infosys surges over 7 per cent after Q3 profit aligns with estimates 

  January 12, 2024 11:15 IST

  The second-largest IT services company in the country reported a 7.3 per cent decrease in net profit for the December quarter, citing sluggish client demand as the primary factor.

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  Rupee declines 4 paise to 83.05 against US dollar

  January 12, 2024 10:45 IST

  The rupee started on a weak note at 83.08, declining further to 83.10 against the dollar, eventually settling at 83.05, ending its seven-day winning streak.

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  Stock markets jump in early trade; Sensex gains over 700 points, Nifty above 21,780

  January 12, 2024 13:16 IST

  The 30-share BSE Sensex climbed over 700 points to 72,431.14 Meanwhile, the Nifty also surged by 141.95 points to 21,789.15.

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  'Nation First, Business Later': EaseMyTrip reiterates its stand to halt travel bookings to Maldives

  January 12, 2024 7:30 IST

  Amid the ongoing India-Maldives row, EaseMyTrip reiterated that all travel bookings to the Maldives have been suspended indefinitely as the nation takes precedence over profits for the company. However, the Maldivian government has distanced itself from the derogatory remarks directed at PM Modi.

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  Microsoft becomes world's most valuable company overtaking Apple

  January 11, 2024 21:44 IST

  Apple is trading at a forward PE of 28, well above its average of 19 over the past 10 years, according to LSEG data. Microsoft is trading around 31 times forward earnings, above its 10-year average of 24.

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  Food delivery platform orders surge 18 per cent to 6.50 million on New Year's Eve 2023: Report

  January 11, 2024 18:43 IST

  On New Year's Eve 2023, customers consistently placed a high volume of orders, with the peak demand observed during dinner and late-night hours.

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  TCS Q3 net profit rises 2 per cent to Rs 11,058 crore, revenue surges 4 per cent YoY

  January 11, 2024 17:32 IST

  The board of the IT services company has also approved a dividend of Rs 27 per share, including a special dividend of Rs 18 for the financial year 2023-2024.

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  Infosys Q3 profit declines 7.3 per cent YoY to Rs 6,106 crore

  January 11, 2024 17:23 IST

  Infosys posted a 1.3 per cent year-on-year increase in revenue for the quarter, reaching Rs 38,821 crore compared to Rs 38,318 crore in the same quarter last year.

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  Sensex rises 0.09 per cent, Nifty settles 0.13 per cent higher

  January 11, 2024 16:20 IST

  Investor sentiment was impacted by the upcoming release of US inflation data and domestic macroeconomic figures, leading to a cautious approach in the market.

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  Companies in India will be able to access global funds with direct listing on IFSC exchanges: FM

  January 11, 2024 16:08 IST

  Addressing an event at Gujarat's GIFT city, Finance Minister Nirmala Sitharaman said that companies in India will be able to access global funds directly after direct listing of IFSC listings.

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  Netflix India FY23 revenue surges 24 per cent YoY to Rs 2,214 crore

  January 11, 2024 15:46 IST

  The growth in both revenue and net profit comes amid Netflix's decision to reduce the price of its subscription plans in December 2021, leading to enhanced customer engagement and increased subscriber numbers in the calendar year 2022.