Welcome to our daily pre-market update, where we comprehensively analyze the Indian rupee’s performance in the currency markets. In this article, we will delve into the previous day’s trading session, examining the critical movements of the rupee against major currencies such as the US dollar (USD), British pound (GBP), Euro (EUR), and Japanese yen (JPY)….
Date: June 08, 2023 Place: New Delhi, India In a much-anticipated move, the Reserve Bank of India (RBI) announced today that it would maintain the key policy repo rate at 6.5 percent. This decision came after a three-day Monetary Policy Committee (MPC) meeting led by RBI Governor Shaktikanta Das. Addressing the media, Governor Das stated,…
Live: Infosys Q4 Results 2023: Infosys had a quarter that was worse than the one before it. The quarter ended on March 31, 2023. (Q4FY23). The IT giant’s Q4 PAT was 6,128 crore, which was down by almost 16% from QoQ. While sales fell by 2.2% quarter-over-quarter to 37,441 crore. With the same amount of…
The launch of Tira, the omni-channel beauty platform from Reliance Retail Ltd., is expected to ratchet up competition in the beauty and personal care (BPC) market. The first Tira location opened its doors in Mumbai last week. Jefferies India analysts who visited the location noted that at 4,300 square feet, Tira is a sizable size…
The share price of the spirits company Som Distilleries ended the day on Wednesday, April 12th, 2023, slightly higher at 158.8 against its previous closing of 155. To put things in perspective, the company’s stock is currently trading close to its 52-week high but well below its all-time high level. Som Distilleries shares have increased…
In the electric two-wheeler (e-2W) segment, the gap between TVS Motor Co. Ltd and Ola Electric Technologies Pvt. Ltd in terms of retail market share is getting smaller. Vahan data on vehicle registrations show that TVS came in second with 19.5% of the market in March, while TVS came in first with 24.8%. This is…
The stock price of One 97 Communications, also known as Paytm, went down on Wednesday as investors sold their shares. Over 6.5% of Paytm stock has gone up in the last seven trading days. Yes Securities is the latest company to raise its target price for Paytm because it thinks the company will make a…
Hardwyn India is a small cap company with a market value of 388 Cr. It is in the commercial services business. Hardwyn is a big name in India when it comes to making building hardware. The company is one of the best at making architectural hardware and glass fittings. For the past 50 years, it…
Tata Consultancy Services (TCS) told the market about its Q4 results Wednesday night, after the market had closed. Before the quarterly earnings report, both the Sensex and the Nifty 50 rose for eight days in a row. IT stocks went up because people bought them across the board. But TCS didn’t meet the expectations of…
ITC stock, a major player in the FMCG industry, is up for the fourth straight day on Tuesday. The stock received positive feedback from investors, touching a new 52-week high and rising by 2%. ITC is one of the brokerages’ top picks amid FY23 Q4 earnings. ITC’s stock price increased by $7.40, or 1.90%, to…
