India’s second largest IT company Infosys is expected to report a double-digit growth in revenue for the fiscal fourth quarter, with estimates going as high as nearly 21.2 per cent, driven by both cloud/digital programs and cost take-out agenda of clients. According to a CNBCTV18 poll, Infosys will report revenue of Rs 38,830 crore for […]
The Securities and Exchange Board of India (Sebi) on Tuesday proposed a block mechanism to enable investors to bypass brokers while investing or trading in secondary markets. The amount, which at present gets transferred to the stock broker, will instead remain in the investors’ bank account and can earn interest for the investor. The move […]
It has been a topsy-turvy year for the ed-tech industry. Not only funding declined by 89% this year, but investment in mature rounds including Series C, D, E, F, among others, reduced drastically. What this means is that early-stage funding has gone up. For instance, Saarthi Pedagogy has received seed funds worth $3,700,000, as per […]
Prominent Indian-American Congressmen, along with several US lawmakers, strongly condemned the recent vandalism of the Shri Swaminarayan Mandir Hindu Temple in Newark, California. The temple suffered defacement and anti-India graffiti, prompting an investigation by the police as a potential hate crime. Images posted on social media have revealed objectionable graffiti, including the word ‘Khalistan.’ The […]
SGX Nifty traded in the red, indicating a lower start for the domestic Indian equity markets at 17,589, down 36 points. On Wednesday, markets extended their gaining streak, as Nifty rose 0.91% to 17,557, while Sensex added 582 points to settle at 59,689. “The domestic market is displaying resilience, unaffected by the weaker global peers, […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to remain unchanged on Monday, 13 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is […]
Travel tech firm OYO is back on the path to going public and has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) under the confidential pre-filing route which was introduced in November, according to sources close to the company. OYO’s new DRHP will give the company more […]
On Monday, markets extended their gaining streak, as Nifty rose 0.22% to 17,398, while Sensex added 114 points to settle at 59,106.“Investors were of the view that the easing price pressure would provide the central bank with leeway to pause the rate hike. However, the surprise production cut by OPEC+ has fuelled concerns about inflationary […]
Scientists have alarmed Android device owners as a new version of the malware that poses a serious threat to the security of Android devices has been discovered, named ‘Chameleon Trojan’. This malware has the ability to disable biometric authentication methods, such as fingerprint and face unlock, in order to steal the phone’s PIN. The Chameleon […]
Indian equity indices concluded the day slightly up. The Sensex closed above 62,670 while the Nifty settled above 18,660. Meanwhile, Bank Nifty touched a new intraday high for the second consecutive session, reaching the 44,100 level and ending 100 points higher. The top gainer of the Nifty 100 was LTI Mindtree Ltd (up 2.97%), Gail […]
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