Infosys sell-off erodes Narayana Murthy’s family wealth by nearly Rs 1,900 crore
As Infosys shares nosedived by 5.8% on Friday to close at Rs 1,815.10 on the BSE, the Murthy family’s fortunes took a significant hit, eroding approximately Rs 1,900 crore from their combined net worth. The family, holding a total 4.02% stake in Infosys, saw the value of their holdings drop to Rs 30,292 crore following…
READ MORE
Why stock market is falling today: Sensex falls over 400 pts; Nifty below 23,200
Indian blue-chip equity indices, Sensex and Nifty50, fell on Friday, dragged down by drops in IT company Infosys and private lender Axis Bank following their quarterly results. The BSE Sensex was trading 430 points, or 0.56%, lower at 76,612. The Nifty50 was down 112 points, or 0.48%, trading at 23,199 around 12:10 am. Why is…
READ MORE
From data to insights: How AI and ML are redefining insurance offerings
The Indian general insurance industry has always been committed to safeguarding the well-being of our citizens and helping build a resilient economy. Over the decades, the industry has constantly worked to evolve itself and meet the changing needs of the citizens. Today, the industry is at a pivotal point, undergoing rapid transformation due to changing…
READ MOREStock Market Today: Indexes Close Lower As Tech Stocks Fall
Indexes closed lower on Thursday, led by a slide in tech stocks like Apple. The Nasdaq slipped almost 1%, while the Dow and S&P 500 fell slightly. The losses come after strong gains on Wednesday after cool CPI and strong bank earnings. US stocks dipped Thursday, led by a slide in tech stocks like Apple…
READ MORE
Japan’s Nikkei ends lower ahead of Trump inauguration; firmer yen hurts exporters
Japan’s Nikkei share average slipped on Friday amid caution ahead of market reaction to President-elect Donald Trump’s inaugural speech next week, while a stronger yen hurt exporters’ shares. The Nikkei fell 0.31% to close at 38,451.46 after dropping as much as 1.3% earlier in the session. For the week, the index has shed 1.58%. “What’s…
READ MORE
All about Virat Kohli and wife Anushka Sharma’s Worli home
Virat Kohli, former India captain reached a new milestone in his career by being a part of the ICC Men’s T20 World Cup which India won on June 29, 2024. India with 176/7 won against South Africa in this nail-biting match. Virat Kohli announced his retirement from T20Is after this match. Much like the extraordinary cricketer,…
READ MORE
GIFT Nifty down 60 points; here’s the trading setup for today’s session
Benchmark indices continued to trade in the positive on Thursday, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Fed. On Friday, markets will react to the earnings reports of major index constituents such as Reliance, Infosys, and Axis Bank in early trades. “While…
READ MORE
Asian stocks slip ahead of Chinese economic data
Asian stocks slipped in early trading after US shares struggled to gain traction as traders prepared for a swath of Chinese data scheduled Friday including fourth-quarter growth. Shares in Japan fell as the yen largely held onto gains from earlier in the week, while those in Australia fluctuated, weighed by Rio Tinto Group following a…
READ MORE
Wall Street slips after rally as earnings, data eyed
NEW YORK: U.S. stocks dipped on Thursday as a jump in the prior session cooled, while investors eyed the most recent corporate earnings and gauged economic data to determine the path of Federal Reserve rate cuts. A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the…
READ MORE
These 2 stocks to trade ex-split on Monday. Last chance to buy
With the record date of Nava Ltd and Blue Cloud Softech Solutions on Monday, January 20, today becomes the last day to buy the shares of these companies in order to qualify for the stock splits announced by them. Shareholders who buy the stock at least one day before the ex-date are eligible for the…
READ MORE