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TOP NEWS
Sun Pharma Q2 Results

Markets in a 9-days rally, longest since Oct 2020; IT stocks nosedive, Infosys top loser ahead of Q4

Even though Indian markets rose for the ninth straight day on Thursday, the advance was curtailed by a severe selloff in IT companies following significant Q4 earnings. Strong purchasing in the banking and auto sectors would be what freed the Sensex and Nifty 50 from the bears’ hold. Also, optimism for a further RBI repo…

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DRHP with Sebi for IPO

Jodhpur-based Vishnu Prakash R Punglia files DRHP with Sebi for IPO

Vishnu Prakash R Punglia Limited (VPRP), a Jodhpur-based integrated Engineering, Procurement and Construction (“EPC”) company that specialises in Water Supply Projects (WSPs) and is ISO-certified, has submitted its Draft Red Herring Prospectus (DRHP) to the capital markets regulator SEBI in order to raise money through an initial public offering (IPO). A full fresh issuance of…

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IPO

Avalon Technologies IPO: What GMP signals after announcement of share allotment

Avalon Technologies IPO: Avalon Technologies Ltd.’s initial public offering (IPO) has announced the allocation of shares, and now lucky allottees and market watchers are eagerly awaiting the company’s anticipated 18th April 2023 listing date. Shares of Avalon Technologies Ltd. are currently available at a premium of $10 in grey market after retreating from a double-digit…

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TCS Q4 and IT investors

TCS Q4: IT investors would do well to temper their expectations

Investors in the IT sector were anxious as they moved into the Q4FY23 results season, and to add to their anxieties, Tata Consultancy Services Ltd (TCS), the sector bellwether, failed to reach consensus projections. On a sequential basis, its revenue in constant currency terms, increased 0.6%, missing analysts’ projections of 0.9% revenue growth. Region-wise, North…

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H1 FY24

Rupee rises 18 paise to 81.93 against US dollar in early trade

In early trade on Thursday, the rupee strengthened 18 paise to 81.93 against the US dollar, following the American currency’s widespread decline in the global market.Foreign capital inflows, according to forex merchants, also strengthen the local currency.The native currency at the interbank foreign exchange started out at 81.99 against the dollar before rising to 81.93,…

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