Wipro to consider share buyback on April 27
In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at a meeting scheduled to be held over April 26-27, 2023.
IndusInd Bank Q4 preview: PAT seen rising 43% YoY on strong NII, profitability
IndusInd Bank is set to post robust results for the quarter ending March, bolstered by healthy loan growth, high interest income, improved margins and increased asset quality. The lender’s net profit for the quarter is expected to rise 43.4% YoY to Rs 2,009 crore ($274 million), with net interest income predicted to grow 25% YoY […]
Gold may decline on reduced safe-haven demand; Support is seen at $1969
Gold closed the week with a 1% loss at $1982.89, as US manufacturing and services expanded, sending yields up and the dollar stronger. Despite failing to push through at $2020, gold remains vulnerable in the short term. With the US Federal Reserve approaching a rate-hike pause, the eurozone and UK are expected to hike rates […]
Missed Q4 earnings this week? Here’s a snapshot
>> For more such web stories click on the ET icon below
Q4 earnings, US GDP data & FII flows among 6 key drivers for Dalal Street this week
Indian equities fell last week due to weak global cues and cautious Q1 earnings reports. Despite some positivity in the financial sector, including recent results from ICICI Bank, the reports have been mildly disappointing overall. The IT sector was particularly lacklustre. Vinod Nair of Geojit Financial Services, said FPI inflows remain likely to be stable, […]
What’s the role of interest rates in your investment decision making?
Interest rates and stock prices are closely related. Changes in interest rates may have a significant impact on the economy and financial markets, including the stock market. Interest rates can affect company earnings, the cost of borrowing money, and the demand for stocks
Mankind Pharma IPO: Here are key things to know about the issue
>> For more such web stories click on the ET icon below
This is the time for India, next 1-2 decades will be golden: Krishna Memani
Krishna Memani believes that India is set for sustained growth over the next couple of decades and has recommended investment in companies that have “world-class” potential, citing infrastructure investment and a changing investment policy as driving forces behind growth. While market performance may remain strong in the short-term, he predicts volatility may arise later in […]
Global IPO market shows signs of life even as recession fears persist
The IPO market has shown some signs of recovery, with around $25bn worth of IPOs offered globally in March and April, compared to the first two months of the year, according to data compiled by Bloomberg. Listings were most buoyant in Asia, where regional exchanges accounted for nearly 80% of new share sales in April, […]
Vanguard’s index fund buys additional 45,990 shares in Indiabulls Real Estate
Other funds which have a holding in Indiabulls Real Estate include Pacific Horizon Investment Trust Plc and Baillie Gifford Pacific Fund A Sub Fund of Baillie. While Pacific Horizon has a holding of 92,96,800 equity shares or 1.72%, Baillie Gifford holds 29,788,258 shares or 5.50%. Meanwhile, Jupiter India Fund which held 7,674,372 shares or 1.42% […]