Anil Singhvi IT Sector View: Most information technology (IT) companies have announced their fourth-quarter results (FY2425). The earnings season is about to close, and most IT sector investors are in an analytical mode to review their investments. Many new investors are keen to know which can be the best IT stocks and if it is…
Following approval from the BSE and NSE to move forward with the demerger of its ice cream business into a new entity — Kwality Wall’s (India) Limited (KWIL) — Hindustan Unilever (HUL) is in the news. It is anticipated that the move will increase shareholder value and provide investors with direct access to the rapidly…
Amid a surge of criticism on social media, budget carrier IndiGo has defended its ongoing codeshare agreement with Turkish Airlines, citing the arrangement’s economic and strategic advantages for Indian travellers and the broader aviation ecosystem. The backlash erupted after Turkey publicly supported Pakistan in the aftermath of India’s military offensive, Operation Sindoor, which targeted terror…
Dalal Street bulls made a roaring comeback on Thursday, May 15, with benchmark indices ending near record highs. The Sensex surged 1,200 points to close at 82,530.74, while the Nifty 50 jumped 395 points to settle at 25,062.10. The rally was broad-based but led by largecaps, with HDFC Bank, ICICI Bank, Reliance Industries, and Tata…
Indian traders may soon stop all trade ties with Turkey and Azerbaijan, as leading trade body, the Confederation of All India Traders (CAIT) has announced a major decision will be taken on this front on Friday, May 16, at a national conference in New Delhi. The call for boycott comes in the wake of both countries’…
Rupee depreciated by 18 paise to close at 85.50 (provisional) against the US dollar on Thursday, pressured by increased demand for the American currency from importers and foreign fund outflows. Forex traders attributed the rupee’s decline to strong dollar demand. However, gains in domestic markets and a drop in crude oil prices helped limit the…