HCL Tech’s Q1 Report : HCL Tech, the third-largest provider of IT services in India, recently released its June quarter report for fiscal year 2024. The report revealed several significant results that provide insights into the company’s financial performance, segment effectiveness, dividend distribution, and attrition rate. In this article, we will delve into the key…
Introduction In today’s market wrap, we will discuss the performance of the Indian stock market. The Sensex and Nifty closed marginally higher, supported by the strong performance of Reliance Industries (RIL). However, mid- and small-cap stocks faced challenges, resulting in underperformance. We will delve into the factors that influenced the market and look ahead to…
NSDL has submitted the Draft Red Herring Prospectus to SEBI, marking a crucial milestone in its journey. This move comes after NSDL’s rival, Central Depository Services Limited (CDSL), successfully debuted on the domestic bourses in 2017. If the listing plans proceed as intended, NSDL will become the second depository services business to be listed on…
Introduction Demerger Of Jio Financial: In a significant development in the Indian business landscape, Reliance Industries (RIL), the business empire of billionaire Mukesh Ambani, has announced the demerger of its financial services division. The division, known as Reliance Strategic Investments, will now be called Jio Financial Services (JFSL) and will be demerged on July 20….
Introduction In a significant move to strengthen India’s electronics ecosystem and reduce imports, Vedanta Limited, the country’s natural resources and technology giant, has announced the addition of semiconductor and display glass enterprises to its portfolio. This strategic decision aims to foster the growth of these two industries by collaborating with leading international corporations and leveraging…
