The Indian stock market closed flat on Thursday as selling was seen in the auto and IT sectors, with Hindustan Unilever Ltd being among the top losers, after it reported a 4 per cent drop in standalone net profit for Q2 at Rs 2,612 crore. The Sensex closed at 80,065.16 after falling 16.82 points … Read more
The FIIs as per Thursday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15,648.06 crore against gross selling of Rs 20,638.80 crore. Thus, FIIs stood as net sellers of Rs 4,990.74 crore in equities. In the debt … Read more
Amid the government’s push to develop world-class infrastructure, the real estate industry is also surging due to better connectivity options, festive incentives, and changing lifestyle choices, an economist said on Thursday. More and more Indians are opting for "lifestyle residences" and real estate remains the most preferred asset class for investment, especially premium properties. … Read more
Amid the ongoing geo-political tensions, unchanged retail fuel prices amid the volatile oil prices will support overall returns for the industry, according to a report on Thursday. Operating profit will be higher than the $9-11 per barrel on average over the 10 years through fiscal 2024. This will partly support the continued substantial capital expenditure … Read more
India's Adani Total Gas posted a bigger profit for the seventh straight quarter on Thursday, aided by higher sales of its compressed natural gas (CNG) amid the government's push for wider use of gas-based vehicles. The company, part of the ports-to-power Adani conglomerate, said its consolidated profit grew 7.5% to 1.87 billion rupees ($22.24 million) … Read more
Colgate Palmolive (India) reported a 16% rise in second-quarter profit on Thursday helped by its expansion into rural markets and demand for its premium personal care products. The toothpaste maker's net profit rose to 3.95 billion rupees ($47 million) in the quarter ended Sept. 30, from 3.40 billion rupees a year earlier. In India, rural … Read more
Pidilite Industries is currently trading at Rs. 3100.35, up by 8.95 points or 0.29% from its previous closing of Rs. 3091.40 on the BSE. The scrip opened at Rs. 3130.00 and has touched a high and low of Rs. 3219.25 and Rs. 3079.20 respectively. So far 25134 shares were traded on the counter. The BSE … Read more
The Indian business process management (BPM) industry, that generated $48.8 billion in revenue in FY24, must rethink hiring strategies and prioritise right skills for the next phase of growth, according to a report on Thursday. Job movements now revolve around deep domain expertise, with a premium on candidates who can blend technical prowess with industry … Read more
Indian rupee traded flat against the US dollar on Thursday amid the American currency retreated from its higher level against rivals, despite the fear of slower interest rate cut by the US Federal Reserve. Moreover, routine interventions by the RBI have also helped the rupee sentiments. Although, weak domestic equities, elevated crude oil prices, persisting … Read more
Yotta Data Services on Thursday unveiled six artificial intelligence (AI) platform services, in collaboration with global graphics giant Nvidia, under its ‘Shakti Cloud’ platform to accelerate AI adoption for businesses, researchers, and innovators by offering state-of-the-art capabilities at competitive prices. Announced during the ‘Nvidia AI Summit’ in Mumbai, these AI models will be available through … Read more