The Wealth Company has received the final approval from the Securities and Exchange Board of India (SEBI) to begin mutual fund operations in the country. The new entity will operate as The Wealth Company Mutual Fund, marking its official entry into India’s fast-growing Rs 74.41 lakh crore mutual fund industry. Backed by the Pantomath Group,…
Shares of Wipro gained momentum in Friday’s morning trade, emerging as one of the top performers on the Nifty 50 index. As of 11:47 am, the stock was trading 2.55 per cent higher at Rs 267.25, extending gains following its better-than-expected Q1 results. Other key gainers on the benchmark index included Tata Steel, up 1.31 per cent,…
Shares of Axis Bank fell sharply in early trade on Friday after the private sector lender posted a muted set of numbers for the June quarter (Q1FY26), with a significant jump in provisions weighing on profitability. Several brokerages turned cautious, trimming price targets even as operating profit remained resilient. At 9:30 AM, the stock was…
Dalal Street is poised for a flat-to-positive open on Friday, with GIFT Nifty futures trading 24 points higher at 25,199 around 7:00 AM, suggesting a cautious yet optimistic tone as investors weigh a mix of domestic and global triggers. Key Drivers for Today’s Trade 1. Q1 Earnings in Focus: The market will react to earnings…
LTIMindtree Ltd began FY26 on a strong note, reporting a consolidated net profit of Rs 1,254 crore for Q1, marking an 11 per cent year-on-year (YoY) growth. Revenue rose 8 per cent YoY to Rs 9,841 crore, underscoring stable demand and strategic execution in a volatile macroeconomic environment. Total expenses for the quarter stood at…
After a sharp three-day rally, shares of Waaree Renewable Technologies Ltd cooled off on Thursday, ending 2 per cent lower at Rs 1,178.50 on the NSE. Earlier in the session, the stock surged over 5 per cent intraday to touch a high of Rs 1,265.80, ahead of the company’s June quarter (Q1FY26) results expected later…