Infosys declared an interim dividend of 18 per equity share for fiscal year 24 on Thursday. The interim dividend record date has been set for October 25, 2023. The payout date has been set for November 6, 2023. Since October 25, 2000, the company has declared 48 dividends, with an equity dividend of 34 per…
The global market fell on Wednesday after a collapse in government bond markets due to rising yields. Concerns about rising interest rates sent benchmark US treasury yields to new 16-year highs. MSCI’s global stock index fell 0.20%. – Global market Global investors are concerned that rising interest rates may hamper global economic growth. US stocks…
In the midst of the banking sector sell-off, investors may be keeping an eye on American Express AXP, Visa V, and Mastercard MA to see if better opportunities to purchase stock in these leaders in credit cards and transaction services arise. With today’s significant decline in bank stock prices and the XLF Financial Select Sector…
Since Sashidhar Jagdishan succeeded Aditya Puri as managing director and chief executive officer in October 2020, HDFC Bank has undergone two reorganizations. Following HDFC Ltd.’s acquisition of HDFC Bank, the shares of that institution have dropped by more than 9% in the last three weeks. As the bank restructures its senior management following a merger…
Today’s Stock Markets: On September 29, according to preliminary statistics from the National Stock Exchange (NSE), foreign institutional investors (FII) sold shares worth Rs 1,685.70 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,751.49 crore. The benchmark Sensex and Nifty indices are expected to start slightly higher on October 3 as trends in…
Maruti Suzuki, Tata Motors, M&M, and Hero MotoCorp: According to Nomura India, the Shraddha period, which is seen as unlucky, spans between September 29 and October 14. As a result, September retail sales were much higher year over year. According to September’s car sales data, the two-wheeler and tractor segments performed poorly while the passenger…
The Fed made it clear that synthetic securitization transactions refer to the performance of a group of loans on a bank’s balance sheet. The Federal Reserve may encourage American banks to shift more of the risk in their loan portfolios to investors, which might allow them to raise capital. The issuance of credit-linked notes that…
Adani Power, Reliance, and ICICI Bank: Adani Power’s current bullish trend is encountering a slight roadblock at the Rs 400 level, but the bias is still very positive as long as the support of Rs 350 is categorically rejected. Domestic stock indices reversed course on Thursday, closing substantially lower after the October series F&O contracts…
India Canada News – Canada’s defense minister highlights India as an important partner amid strained relations; No evidence was shared about India and the killing of militants. The country’s defense minister called “India” an important partner in Canada’s prosperous relationship. We recognize that this has the potential to sour relations between us and India in…
Fed-wary investors: An increasing number of uncertainties, including the Federal Reserve’s hawkish posture, rising Treasury rates, and a potential government shutdown, have alarmed investors and clouded the outlook for U.S. equities. An increasing number of uncertainties, including the Federal Reserve’s hawkish posture, rising Treasury rates, and a potential government shutdown, have alarmed investors and clouded…
