Broker’s call: Happiest Minds (Add)

[ad_1] Target: ₹878CMP: ₹824Happiest Minds’ performance for the quarter was slightly below estimates. Reported revenue of ₹420 crore (up 1.8 per cent q-o-q in INR terms, up 1.4 per cent q-o-q in USD terms). The sequential growth was led by...

Investors flock to Sovereign Gold Bonds despite price rises, FY24 sees record subscriptions

[ad_1] Investors seem to have shrugged off price rises to put money in sovereign gold bonds (SGBs). Their preference for paper/demat gold is highlighted because 30 per cent of investments in SGB units issued since 2015 were made in FY24.This...

Sensex ends marginally lower, Nifty holds steady

[ad_1] Benchmark Sensex declined over 45 points in highly volatile trade on Wednesday, tracking weak Asian markets and continuous foreign fund outflows.Declining for the second straight session, the 30-share BSE Sensex fell 45.46 points or 0.06 per cent to settle...

Rupee settles on flat note at 83.51 against US dollar

[ad_1] The rupee settled for the day on a flat note at 83.51 (provisional) against the US dollar on Wednesday, as the support from easing crude oil prices was negated by strong dollar demand.Forex traders said a muted trend in...

Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees

[ad_1] Capital markets regulator Sebi has put in place stricter norms to tackle any misconduct and corrupt practices by its employees.Amending rules governing its employees' services, the market regulator said that a competent authority can "direct recovery from an employee...

Midday markets show mixed trends; Nifty, Sensex down

[ad_1] NSE Nifty was down by 0.26 per cent or 57 points to 22,245, while the BSE Sensex was at 73,307 down by 0.28 per cent or 204 points. A total of 3,015 stocks were actively traded, 1,720 advanced, while...

Rattanindia Enterprises reduces electric bike prices

[ad_1] Rattanindia Enterprises Ltd’s subsidiary Revolt Motors announced new pricing structure for its RV400 and RV400 BRZ models to make them more affordable for consumers. The RV400 is now priced at ₹1,49,950, while the RV400 BRZ is priced at ₹1,47,950....

Crude oil drops as US industry data shows inventory decline

[ad_1] Crude oil futures traded lower on Wednesday morning as the industry data showed increase in crude oil inventories in the US for the week ending May 3. At 9.52 am on Wednesday, July Brent oil futures were at $82.78,...

TBO Tek sets IPO issue opens today

[ad_1] The ₹1,550-crore initial public offering of travel distribution platform company TBO Tek will open today for public subscription and close on May 10. The IPO comes with a price band of ₹875-920 and market lot of 16 shares.The offer...
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