The Nifty 50 experienced a range-bound session, closing flat with a minor gain. HFCL shows strong signs of an uptrend, supported by key indicators. Jindal Saw also indicates a potential rise after retesting its breakout level. Both stocks present attractive buying opportunities based on technical analysis.
In FY24, subcontracting costs hit their lowest levels in years: TCS at 6.20% of its revenue (the lowest since FY16), Infosys at 7.70% (lowest since FY21), Wipro at 11.50% (lowest since FY16), and Tech Mahindra at 12.60% (lowest since FY19), according to company data.
Mohamad will be the replacement for Prateek Mehta, who was the chief business officer at Angel One till April 2024. Mehta, one of the cofounders at mutual fund distribution startup Scripbox has now assumed the role of a partner at South Park Commons, the Silicon Valley-based venture investor.
Rainmatter, which invests in startups across fintech, clean energy, climate tech and healthtech, has pumped in Rs 30 crore into multiple companies in the last two months. These include follow-on rounds in health startup Devil’s Circuit, climate-focused startup GreenWorms, and fintech startup Actlogica.
The United States is slowly heading into a major recession, and there are multiple indicators that are pointing towards an impending recession in the country, suggest reports. Here's all you need to know about this pressing issue.
While it may have not made it headline, there has been some sort of underperformance in the banking space. Is it because the Street is expecting that banking numbers are going to come under pressure due to rising costs and probably for the next one or two quarters numbers are not going to be good. So maybe the underperformance is an opportunity for investors looking for long-term investments. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along... Читать дальше...
Kamala Harris and Donald Trump is currently in the most competitive spirit ahead of the US Presidential Polls 2024, and as the polls begin this November, all eyes will be on the upcoming US Presidential Debate, which could somehow seal the fate of any of the two candidates.
Most of the nine designer labels that either have joint ventures (JVs) with or have been acquired by Reliance Retail and Aditya Birla Fashion and Retail reported sales growth for the financial year, according to their annual reports. Industry executives pointed out that the JVs are mostly for ready-to-wear clothing and operate in the bridge to luxury segment, while the designers separately run their core haute couture companies that create custom-made garments in the luxury segment.
The United States may not be heading towards a total recession, as per economist Adam Posen. The Fed Reserve Chair Jerome Powell has strongly emphasized upon the labor market data but Posen is of the opinion that the information could be misleading.
ITC's stock has surged by around 20% in the past three months, reaching new record highs in September. Experts suggest that the rally might continue, recommending short-term traders to buy now or on dips towards Rs 500 for potential targets above Rs 520-530 within the next few weeks.
Volkswagen is currently in a crisis situation, being under high pressure from Chinese electric vehicle makers, forcing it to close plants in Germany, which is for the first time in history. This has turned out to be a majorly demanding and dangerous situation, as per reports.
S&P 500, Dow Jones, and Nasdaq have gone down on Tuesday's trade as Nvidia shares fell nearly 10 per cent.
