HCLTech reported a flat second-quarter net profit despite revenue beating estimates, driven by strong ER&D services and AI-related revenue crossing $100 million. The company revised its services revenue growth guidance upwards and plans annual salary increments, while addressing skill-location mismatches in its workforce.Read More
Sebi has issued new guidelines for listed companies seeking approval for related party transactions (RPTs). Companies must now provide detailed justifications, valuation reports, and turnover percentages to audit committees and shareholders. However, smaller RPTs below 1% of turnover or Rs 10 crore are exempted from these stringent disclosure norms.Read More
Bajaj Housing Finance has successfully raised Rs 1000 crore by selling bonds to investors. The company secured this funding at a coupon rate of 6.95%. These bonds are non-convertible debentures and will mature in January 2028. This issuance marks the lowest coupon rate for the company’s bond sales since July.Read More
Indian markets closed lower on Monday, led by IT stocks, as renewed US-China trade tensions and a US government shutdown dampened investor sentiment. Analysts noted profit booking in consumption sectors and mixed Q2 earnings, though mid- and small-cap stocks showed resilience. The Nifty defended its support at 25,200, with a bullish outlook above 25,050.Read More
Gold and silver are hitting record highs, but an expert warns investors against overexposure to commodities, citing their complex, long-term cycles. Despite global uncertainties and trade tensions fueling demand, a near-term correction is possible, though Bank of America has raised its 2026 price forecasts for both metals.Read More
Indian benchmark indices Nifty saw a sell-off in FMCG and IT stocks, ending a two-session gain amid weak global cues. Analysts suggest Nifty remains bullish above 25,050, with potential upside towards 25,400. Fresh call writing at 25,300 indicates a resistance level, while 25,200 acts as strong support.Read More
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