Hindalco Q3 Results: Aditya Birla Group’s flagship metal company Hindalco reported a 45% decline in its December quarter consolidated net profit at Rs 2,049 crore compared to Rs 3,735 crore posted in the year ago period.Read More
Housing sales fell 10 per cent last year across 15 tier-II cities to 1.56 lakh units while remained flat in value terms at Rs 1.48 lakh crore, according to PropEquity.Read More
Indian government bonds rose on Thursday, as traders unwound their short positions after a January inflation reading that was lower than the market had feared. The 10-year 6.48% 2035 bond yield settled at 6.6833%, compared with 6.7088% on Wednesday.Read More
The UK has chosen HSBC’s blockchain platform to run the country’s pilot issuance of tokenised or digital government bonds, the bank said on Thursday, a move that puts Britain ahead of its G7 peers in exploring blockchain-based sovereign debt.Read More
The National Stock Exchange of India on Thursday said that it has appointed Rothschild & Co as an independent advisor to oversee its long-awaited initial public offering.Read More
Four commodity stocks SAIL, Sharda Cropchem, Jindal Steel and JSW Steel hit fresh 52-week highs, rallying up to 55% in just one month despite a weak broader market.Read More
Indian benchmark indices closed lower on Thursday, dragged by heavy selling in IT stocks. Nifty and Sensex fell amid AI disruption concerns and fading US rate-cut hopes. Coforge, TCS and Infosys led losses, while Lenskart and Hindustan Copper gained on strong triggers.Read More
Indian IT services firms face a growth slowdown due to Artificial Intelligence. AI tools reduce project effort, impacting billing. Large IT firms expect 5-6% revenue growth, while mid-cap firms anticipate 10-12%. Contract renewals may lead to pricing cuts. India’s position as the world’s software factory remains secure. Valuations may need adjustment in this new growth...Read More
The rupee appreciated 17 paise to settle for the day at 90.61 (provisional) against the US dollar on Thursday, as foreign fund investments lifted investor sentiments.Read More
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