Infosys’ American Depositary Receipts (ADRs) slumped more than 7% on Thursday, touching an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian exchanges, with weakness spilling over to Wall Street.Read More
Nifty posted a second straight loss amid IT-led selling but stayed above its 20-day moving average, keeping recovery hopes alive. Analysts see resistance near 26,000 and support around 25,750–25,500. Shriram Finance and Max Healthcare are recommended as tactical buy opportunities.Read More
India’s central bank said on Thursday that the government has bought back bonds maturing in next fiscal year and issued longer-dated 2040 securities as part of a switch operation with it.Read More
Muthoot Finance lifted its FY26 growth guidance to 44–45% as strong gold loan demand and regulatory easing boosted momentum. Q3 standalone profit nearly doubled, aided by lower provisions and higher income. Assets under management and gold loans posted robust year-on-year growth.Read More
Tata Group-backed IHCL reported strong Q3 growth with higher revenue and net profit, aided by exceptional gains and robust hotel performance. The company marked its fifteenth straight record quarter, expanded its portfolio to 617 hotels and maintained healthy margins and cash reserves.Read More
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