Tax officials: According to sources cited by The Economic Times, the Directorate General of GST Intelligence (DGGI) is looking into Raymond’s consumer goods business sale to a Godrej unit. Through a slump sale, Raymond’s FMCG company—which included the Park Avenue, KS, KamaSutra, and Premium trademarks—was purchased by Godrej Consumer Products (GCPL) in April 2023. GCPL…
Reliance Shares: Following the release of the Q2FY24 results on Friday night, the Indian stock market is anticipated to respond to the quarterly data on Monday. Stock market analysts predict that Reliance Industries’ Q2 results for the fiscal year 2023–2024 have exceeded expectations, which means that the company’s share price will rise on Monday. Experts…
Market Highlights: After six sessions of decline, the indices recovered on Friday, with all sectors turning green. The rally was led by heavyweight indices such as IT, Bank, Finance, Metal, and Realty. On Friday, Asian shares followed Wall Street futures higher as Amazon provided some welcome earnings relief, while bonds were able to maintain their…
Today’s global markets: Global stock markets fell on Thursday as investors worried about the escalation of the Israel-Hamas conflict and bleak earnings. United States earnings Meta Platforms Q3 earnings: Despite the company reporting higher profit and revenue, the stock fell 2.6%.UPS Q3 earnings: The stock fell 4.9% after the company cut its full-year earnings forecast….
Nasdaq: Notably, Tesla and Lucid Group were among the most severely affected, while Align Technology witnessed a surprising 25% plunge on Thursday. Amidst a market correction, the company Composite Index has shown signs of instability. Specifically, within its Nasdaq-100 subset, it’s been observed that 20 of the listed stocks saw declines of 10% or more…
On Tuesday, Bank of America reported third-quarter profit above projections thanks to higher-than-anticipated interest income. What the business reported is as follows: The Charlotte, North Carolina-based bank reported a 10% increase in profit to $7.8 billion, or 90 cents per share, from $7.1 billion, or 81 cents a share, a year earlier. The amount of…
Today’s global markets saw a decline in US stocks and an increase in Treasury yields following strong economic statistics. Strong retail sales figures and earnings from Bank of America and Goldman Sachs that are above expectations have given rise to hopes that the US Federal Reserve may maintain its tight monetary policies for an extended…
IndusInd Bank Ltd.: Ahead of the release of its Q2 results, shares of the private lender fell by about a percent to Rs. On October 18, the bank is expected to make its results public. According to brokerage firms, the net interest income of the private sector lender may increase by 19% in Q2, but…
current global markets: Thursday’s equity Global markets had mixed results. The European stocks ended higher as US stocks fell. On supply worries in the midst of the Israel-Hamas war, crude oil prices increased. This week, as hostilities between Israel and the Palestinian organization Hamas stoked concerns of a broader conflict, the iShares MSCI Israel exchange-traded…
The price of Wipro’s shares on the last day was 421.6 when it began and 421.6 when it closed. The stock’s high and low were 421.9 and 414.75 respectively. Wipro has a market value of 217,262.76 crores. The stock’s 52-week high is 443.6, and its 52-week low is 351.85. 193,716 shares of the stock were…
