TCS dividend alert! Last day to buy IT bellwether’s stocks for interim dividend worth Rs 12/share. Do you own?
Only those shareholders who own TCS shares in their demat accounts as of Wednesday will be eligible to receive the bonus shares. Under the market regulator SEBI’s T+1 settlement cycle, investors must buy shares of a company at least one trading day before the record date so that they are credited to their demat accounts […]
Gold drops to 2-week low as oil surge drives inflation, rate-hike fears
Gold prices declined to a two-week low on Tuesday. Oil prices surged due to the U.S.-Iran conflict in the Gulf. Federal Reserve Governor Christopher Waller’s hawkish remarks fueled interest rate hike bets. Investors await U.S. CPI data for inflation and Fed policy clues. European Union sanctions targeted Sudan’s gold trade financing conflict.
Dollar steady before US inflation data, yen under pressure
The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are closely watching upcoming economic indicators […]
Global Market Today: Asian shares trade mixed; Brent climbs past $85
Oil prices climbed amid escalating US-Iran tensions and concerns over supply disruptions. Treasury yields rose as traders considered potential interest rate hikes by the Federal Reserve. Asian shares showed mixed performance, influenced by a tech stock sell-off. Investors now await US inflation data and Fed Chair Warsh’s testimony. These events will shape the future direction […]
Leadership reset revives rerating hopes at Just Dial
Just Dial’s stock surged after announcing a transition to professional management. The company aims to bolster its business-to-business segment and AI capabilities. Reliance Retail acquired a controlling stake in Just Dial in July 2021. Since then, revenue and net profit have shown consistent growth. New leadership faces intense competition requiring focused execution for long-term success.
HCLTech FY guidance stays muted despite $2.4 billion deal momentum
HCL Technologies reported marginally better than anticipated financial performance for the June quarter. The company announced a significant investment in a datacentre for artificial intelligence solutions. This new venture aims to address the growing demand for AI model training capabilities. HCL Technologies maintained its full-year revenue and operating margin guidance unchanged. The stock may remain […]
Can SBI Funds IPO deliver long-term growth for high risk investors?
SBI Funds Management plans a ₹11,693 crore offer for sale, reducing promoter stake to 88%. The company manages ₹29.46 lakh crore across various investment funds. Revenue and net profit saw significant annual growth between FY24 and FY26. SBI MF leads in systematic investment plans and portfolio management services. The IPO offers a P/E multiple lower […]
Goldman Sachs sees Nifty rallying to 26,500, signals nearly 9.5% upside
Goldman Sachs anticipates Nifty’s recovery to 26500, indicating a significant upside potential. This outlook stems from lower commodity prices and a stabilized currency, which are positive indicators. Healthy second-quarter earnings expectations also contribute to the improved domestic economic outlook. Foreign investor positioning is ultra-light, suggesting ample room for capital inflows to return. The brokerage recommends […]
RBI Deputy Guv pushes for meaningful, fair grievance redressal
The conference brought together IOs from across a representative spectrum of regulated entities including banks, non-banking financial companies (NBFCs), credit information companies (CICs) and other regulated entities, along with MD, EDs and CEOs charge of customer service, as well as RBI Ombudsmen and senior officials of the Reserve Bank.
Wage, fuel spike hit ATM cash services in four states
The one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular cash replenishment cycles were interrupted. Industry executives, however, said operations are expected to resume from Tuesday after several private sector banks agreed to renegotiate contracts and revise service fees, while discussions with other lenders continue.