Wholesale price inflation rises to 9-month high in Dec

New Delhi (IANS) India’s inflation rate based on the Wholesale Price Index (WPI) rose to a nine-month high of 0.73 per cent for December 2023 up from 0.26 in November, official data released on Monday showed.

The country’s WPI-based inflation…

As Nifty crosses milestone of 22K points, brokerages advise caution

New Delhi (IANS) As the Nifty hit an all-time high of 22,000 points, brokerages have advised caution and suggested profit booking in small-cap space.

Pranav Haridasan, MD and CEO at Axis Securities said the IT sector has led the Nifty rally…

In the coming week market will take cues from Q3 results

New Delhi (IANS) In the near term, investors' trade positions will be more inclined towards the upcoming result season; the overall forecast for earnings growth remains optimistic, projecting double-digit figures, says Vinod Nair, Head of Research,…

Rapido posts Rs 675 cr in losses in FY23, revenue up 3X

New Delhi (IANS) Bike-taxi startup Rapido saw its losses surge nearly 54 per cent in the last fiscal year (FY23) to Rs 675 crore, from Rs 439 crore in FY22.

An increase in riders’ cost, IT and employee benefits were behind Rapido’s surging…

BHEL bags Rs 15,000 cr EPC contract from NLC India for Odisha project

Chennai (IANS) Integrated lignite and coal mining and power generation company NLC India Ltd has awarded over Rs 15,000 crore engineering, procurement and construction (EPC) contract to Bharat Heavy Electricals Ltd (BHEL) for 2,400 MW pit head green…

Xiaomi crosses Rs 1,000-cr sales for Redmi Note 13 5G series in India

New Delhi (IANS) Global technology brand Xiaomi India has said that its latest Redmi Note 13 series clocked a revenue of Rs 1,000 crore since going on sale on January 10.

The latest series surpassed Redmi Note 12 5G series revenue by 95 per…

Infosys surges 7% to power Sensex gains of more than 600 points

New Delhi (IANS) Infosys shares jumped by 7 per cent on Friday propelling Sensex gains of more than 600 points.

Infosys shares surged after its results with the major IT companies also moving up.

Tech Mahindra is up more than 4 per cent,…

Markets at new highs in massive rally driven by IT heavyweights

New Delhi (IANS) Indian markets soared to new heights in a powerful rally, driven by IT heavyweights, says Vinod Nair, Head of Research, Geojit Financial Services.

Green shoots of recovery in the IT sector on the back of an improved outlook…

HDFC Bank led market capitalization gains among major Indian banks in Q4

New Delhi (IANS) HDFC Bank led market capitalization gains among major Indian banks in the quarter ended December 31, 2023, according to S&P Global Market Intelligence data.

HDFC Bank's market cap increased 12.1 per cent to $155.91 billion,…

Caution advised on mid & small cap stocks in the near term

New Delhi (IANS) Mid-and-small caps have seen a strong rally in the year gone by that has pushed the valuations above historical average thereby warranting caution in the near-term, Aditya Birla Sun Life AMC said in a report.

The fund house…