Mind Over Money: Vipassana was transformative; Chess & squash help this CEO gain perspective in strategic decision-making
Central to my mental wellness is the concept of work-life integration. I view my work not as a separate entity but as an integral part of my life that reflects my values and passions.
84 smallcap stocks offer double-digit weekly returns as markets surge to record highs
Better-than-expected IT results helped boost market sentiments in the week gone by as benchmark indices shrugged off muted start to the year and hit record highs.During the week, as many as 84 smallcap stocks have delivered double digit weekly returns with eight of them offering over 25% returns.
Microsoft tops Apple to become most valuable public company
For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil Corp. as the world’s most valuable public company in 2011 and held the title almost without interruption.
Wall Street Week Ahead: Red Sea tensions put focus on struggling U.S. energy stocks
The energy sector has slumped nearly 3% since late October, a period during which the S&P 500 has surged 16%. The benchmark index rose 24% for all of 2023, while energy fell 4.8%, the second-largest drop last year among S&P 500 sectors.
IT’s not so bad: Dalal Street indices soar to fresh highs
The Nifty IT index jumped 5.1% with Infosys soaring 8% and TCS rising 3.9% after their December quarter results and the associated commentary kept hopes alive that the environment may not deteriorate further.
India blocks global crypto sites over laundering fears
India blocked access to foreign cryptocurrency exchanges like Binance, Kucoin, and OKX, as well as virtual digital asset service providers. The Android versions of these apps are also expected to be removed.
By deal count, IT companies may perform better
In addition, HCLTech’s operating margin (EBIT margin) expanded significantly by 130 basis points sequentially to 19.8%. This compares with the contraction reported by Infosys and Wipro and an expansion in TCS margin after excluding one-off items.
Rupee at a four-month high, outperforms Asian currencies
The rupee’s resilience versus the dollar comes amid a recent ratcheting up of geopolitical tensions, with the US and the UK on Thursday launching military strikes against Houthi rebels in Yemen.
Tesla shares drop on plant shutdown due to Red Sea attacks
The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website.
RBI penalises Dhanlaxmi, P&S Bank, ESAF for violations
The central bank has imposed Rs 1 crore on state-owned Punjab & SInd Bank for violating lending rules. ESAF Small Finance Bank will have to pay Rs 30 lakh for deficiencies in customer service.