At a time when large IT companies are seeing BFSI (banking, financial services and insurance) vertical-led softness, the same is aiding the growth of some midcap companies. The reason: smaller IT firms cannibalising the BFSI revenue of larger companies. Companies such as Sonata Software, Coforge and Birlasoft have been witnessing growth driven by t
Revolutionising sound: Role of AI in audio technology
By Sukhesh Madan Audio technology is one area where artificial intelligence (AI) is making huge inroads in the ever-changing digital world. From the way we listen to audio to the sound quality in our favourite movies, AI is remodelling the audio reveal. This collaboration between current AI algorithms and audio innovation is not only improving [&he
Closing Bell: Markets end first session after Diwali in red: Nifty closes below 19,500, Sensex down 326 pts; IT and Consumer Durables key laggards, PSU banks buck the trend
The benchmark equity indices ended Monday’s trading session in the negative territory. The NSE Nifty 50 dropped 82 points or 0.42% to settle at 19,443.55, while the BSE Sensex dropped 325.58 points or 0.50% to 64,933.87.Bank Nifty index dropped 105.40 points or 0.24% to settle at 43,891.25. The broader indices ended largely in negative territory, [
‘Slight reduction’ in workforce: Paytm’s parent company One 97 Communications confirms layoffs
One 97 Communications, the parent company of fintech firm Paytm, officially confirmed that there would be a ‘minor reduction’ in its workforce. The company said that the layoffs are part of cost-cutting initiatives. However, a spokesperson for the company rebuffed recent media speculations that had said that the non-bank lender might eliminate over
Markets slips from day highs; Nifty closes below 20,950 top gainers on December 12 include HDFC Life Insurance, UltraTech Cement, Bajaj Auto whereas Realty and Auto stocks among key losers
The benchmark equity indices ended Monday’s trading session in the negative territory. The NSE Nifty 50 dipped 90.70 points or 0.43% to settle at 20,906.40, while the BSE Sensex dropped 377.50 points or 0.54% to 69,551.03. Bank Nifty index ended lower by 216.70 points or 0.46% to settle at 47,097.55. The broader indices ended in […]
Stocks to Watch: Infosys, Adani Enterprises, Adani Green Energy, Adani Energy Solutions, Tata Motors, Wipro, RVNL
Stocks in Focus: GIFT Nifty traded up 43.5 points or 0.21% at 21,134.5, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 gained 27.70 points or 0.13% to settle at 20,997.10, while the BSE Sensex added 102.93 points or 0.15% to 69,928.53. […]
Durga Puja 2023: Hema Malini to Rani Mukerji, Bollywood celebs seek blessings at Puja pandal – See pics
1/8 A Durga Puja pandal takes center stage during the Navratri festival each year. These temporary structures are intricately adorned and artistically designed, serving as a focal point for communities to come together, celebrate, worship, and seek blessings from Goddess Durga. The Maha Saptami of Durga Puja witnessed a splendid showcase of glamour
Jefferies sees 25% upside potential for Axis Bank; assign ‘Buy’ rating with target price of Rs 1250
Jeffries sees 25% upside potential in Axis Bank stocks and has recommended a ‘Buy’ with a target price of Rs 1,250. “We see 16% CAGR in profits (normalised) over FY23-26 and ROE around +18%. Valuations are at +20% discount to ICICI Bank (FY25) and can narrow. Axis stays among our top picks in the sector. […]
FII, DII data: FPIs sold shares worth Rs 306 Cr, DIIs added shares worth Rs 721 Cr on November 22, Wednesday
Foreign institutional investors (FII) offloaded shares worth net Rs 306.56 crore, while domestic institutional investors (DII) added shares worth net Rs 721.24 crore on November 22, 2023, according to the provisional data available on the NSE. For the month till November 22, 2023, FIIs sold shares worth net Rs 7,982.46 crore while DIIs bought share
Cotton output may decline 8 per cent to 294.10 lakh bales this year: CAI
Cotton production may decline by around 8 per cent to 294.10 lakh bales in the 2023-24 season due to lower yields in most growing regions, according to the Cotton Association of India (CAI) estimates released on Thursday. The total cotton production during the 2022-23 season (October-September) stood at 318.90 lakh bales of 170 kg each, […]