November 8, 2023 New Delhi, India Stock Market Closes The Indian stock market concluded a session of marginal gains, showcasing a nuanced upward trajectory influenced by various sector performances and global market cues. This comprehensive analysis delves into the recent trends, factors impacting the market, and notable stock-specific movements. Nifty and Sensex both have shown…
November 7, 2023 New Delhi, India Stock Market Closes with Varied Sectoral Trends Market Recap and Indices’ Performance November 7th witnessed a stable yet fluctuating day, as both the Sensex and Nifty ended the day almost unchanged. The Sensex closed at 64,942.40 with a marginal 0.025% decline, while the Nifty closed at 19,406.70, marking a…
November 3, 2023 New Delhi, India Zomato Q2 Results Zomato reported robust financials in its Q2 results for FY23-24, marking a profitable second consecutive quarter and a significant revenue surge. Financial Performance The company revealed a remarkable turnaround, moving from a loss of Rs 251 crore to a profit of Rs 36 crore in the…
Synopsis: The FOMC’s latest statement remained remarkably consistent, with Federal Reserve officials maintaining their key interest rate within the 5.25% to 5.5% range, while subtly acknowledging the possibility of further rate increases. They also subtly acknowledged the tightening of financial conditions. In line with expectations, Powell refrained from definitively ruling out potential future rate hikes….
October 31, 2023 New Delhi, India India’s Fiscal Performance in H1 FY24: A Close Look India’s fiscal deficit stood at ₹7.02 lakh crore in the first half (April-September) of the financial year 2023-24, comprising 39.3% of the estimated deficit for the entire fiscal year, as per official data released recently. Fiscal Targets and Government’s Aims:…
October 30, 2023 New Delhi, India Rupee vs Dollar The Indian rupee commenced the trading week with a steady performance against the US dollar, as it navigated a range-bound trajectory in early trade on Monday. The rupee’s stability was influenced by several factors, including the strength of the US dollar and prevailing trends in the…
October 30, 2023 New Delhi, India US Federal Reserve’s Influence US Fed Rate Decision This Week Analysts predict major stock market movements this week hinged on the US Federal Reserve’s interest rate decision, expected to impact global market trends. Heightened levels of US bond yields prompt keen interest in the Fed’s move. Global Factors in…
October 27, 2023 New Delhi, India Delhi-NCR Commuters Can Now Enjoy Seamless Payment Solutions Prime Minister Narendra Modi recently launched an innovative payment solution that promises to simplify the daily transactions of millions of commuters in the Delhi-NCR region. The Paytm Payments Bank Wallet & Transit Card, known as the National Mobility Card (NCMC), aims…
October 25, 2023 New Delhi, India Colgate-Palmolive India’s Q2 Success: A 22% Profit Boost Revenue Growth and Operational Efficiency Drive Strong Performance In a recent financial update, Colgate-Palmolive India has revealed impressive results for the second quarter of the fiscal year, reporting a 22% surge in net profit compared to the same period in the…
October 25, 2023 New Delhi, India Tech Mahindra Q2 Results Tech Mahindra, a leading IT firm in India, has disclosed a significant decline in its Q2FY24 net profit. Here’s a summary of the key developments: Q2FY24 Net Profit Drops 61.1% YoY Tech Mahindra’s financial results for Q2FY24 reveal a consolidated net profit of ₹505.3 crore….
