Markets Wrap – Tue, 14 Mar ‘23: Nifty, Sensex fall, rupee depreciates; Asia, US markets, Gold, Crude updates

Domestic indices concluded Tuesday’s session broadly in red amid negative global market sentiment. The NSE Nifty 50 settled below 17,050, and the banking stocks index, Bank Nifty, concluded below 39,450. The top gainers on the NSE Nifty 50 were Titan, BPCL, Larsen & Toubro, Bharti Airtel and Sun Pharma while the top losers were Adani […]

Quiet earnings season in Q3

The December quarter earnings season will likely be a quiet one with India Inc reporting a modest growth. In fact, excluding banks and energy, profits will likely contract for the BSE 30 pack. Aggregate earnings will also be pulled down by the weaker year-on-year revenues and profits of metals producers. Banks will continue their strong […]

Northeast border infrastructure: Tripura’s 134 km road expansion plan to bolster regional and border connectivity 

To bolster road connectivity in the northeast states and to improve border infrastructure, the Cabinet Committee on Economic Affairs led by Prime Minister Narendra Modi, has given its approval for the widening of 134km road in Tripura. The improvement & widening of two lanes with paved shoulder of road from Khowai to Harina in South […]

One month of Hindenburg report – Adani shares fall close to short sellers’ value target; what next?

Adani Group’s market capitalisation has fallen over 60% in the past one month, moving near Hindenburg Research’s target of 85% downside. The US-based short-seller published a report on January 24, named ‘Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History’, which led to the downfall of Adani Group […]

Year ender 2023: Aiming for the cloud 

There are two sides to a coin and the same is the case with technology. If the evolution of technology with the implementation of cloud solutions has eased functioning for business, it has given rise to privacy issues. To be sure, the cloud has eased a lot of business processes from e enabling remote work, […]

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