Friday, February 7

Tag: market

Wipro veteran Malay Joshi takes over Americas 1 unit
11Apr By adminNo Comments
Business

Wipro veteran Malay Joshi takes over Americas 1 unit

BENGALURU: Wipro has appointed Malay Joshi as the CEO of its Americas 1 strategic market unit, effective immediately. Joshi succeeds Srini Pallia, who was appointed as CEO and MD of Wipro on Saturday.Joshi will also join Wipro's executive board. He was previously the senior vice president and business unit head, leading communications, media, tech, retail, travel, hospitality, and public sector industries, which make up one of Wipro's largest business units globally.In this role, he was responsible for helping clients drive successful enterprise transformations among other duties, enhancing client experience, strengthening delivery, and ensuring consistent revenue growth in the sectors he led.Joshi oversees a diverse array of industry sectors, assumes responsibility for the unit's profit ...
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India’s market capitalisation tops Rs 400 trillion as indices hit new high | News on Markets
8Apr By adminNo Comments
Business

India’s market capitalisation tops Rs 400 trillion as indices hit new high | News on Markets

The combined market capitalisation (mcap) of all BSE-listed companies crossed Rs 400 trillion for the first time on Monday. The feat comes amid a sharp rebound in shares of smallcap companies from their March lows. The Nifty Smallcap 100 index has rallied over 12 per cent during its uninterrupted 12-session gaining streak. The index is now less than a per cent away from a new high. Meanwhile, the benchmark Sensex indices made fresh record high for a third day.The Sensex ended the session 494 points higher at 74,743, while the Nifty gained 153 points to settle at 22,666. India’s mcap had first crossed the Rs 300 trillion mark in July 2023 when the Sensex was just shy of 66,000. The next big milestone for the domestic markets is the $5 trillion mcap mark, which is less than 4 per cent awa...
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Sensex hits new high for 2nd day
6Apr By adminNo Comments
Business

Sensex hits new high for 2nd day

MUMBAI: The sensex registered marginal gains to hit a lifetime high of 74,248 on Friday after RBI maintained the status quo on interest rates amid a negative trend in global markets. On Thursday, the sensex had jumped 351 points to settle at an all-time high of 74,228. It rose 21 points further to settle at a fresh record of 74,248 in Friday's session.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (function(f, b, e, v, n, t, s) { if (f.fbq) return; n = f.fbq = function() { n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments); }; if (!f._fbq) f._fbq = n; n.push = n; n.loaded = !0; n.version = '2.0'; n.queu...
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India can become biggest market for Hyundai globally in near future: HMIL CEO
17Nov By adminNo Comments
Business

India can become biggest market for Hyundai globally in near future: HMIL CEO

NEW DELHI: India can become the biggest market for South Korean auto major Hyundai globally in the near future with demand for automobiles expected to remain strong, Hyundai Motor India Ltd (HMIL) MD and CEO Unsoo Kim said on Friday. HMIL accounts for 18.6 per cent (in the January-September period) of the South Korean automaker's global volumes. It expects to breach the 20 per cent mark in the next 2-3 years.It is in the third position after the US and South Korean markets. "We are currently number three after the US and Korea and we aim to be number one in the near future," Kim told reporters here. HMIL's contribution to Hyundai global sales stood at 15.6 per cent in 2019. Elaborating on the domestic market, the automaker noted that it expects to close the current year with 6 lakh unit...
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Market tremors wipe off investors’ wealth by Rs 14.60 lakh cr in five trading sessions
25Oct By adminNo Comments
Business

Market tremors wipe off investors’ wealth by Rs 14.60 lakh cr in five trading sessions

NEW DELHI: Equity investors became poorer by Rs 14.60 lakh crore in five days of market slump amid mounting tensions in the Middle East and higher valuations of Indian stocks.Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points, or 0.81 per cent, to settle at 64,049.06.During the day, it dropped 659.72 points, or 1.02 per cent, to 63,912.16.In five days, the BSE benchmark has plunged 2,379.03 points, or 3.58 per cent.The market capitalisation of BSE-listed companies eroded Rs 14,60,288.82 crore to Rs 3,09,22,136.31 crore in five days."Markets extended fall for the fifth straight session as banking, IT stocks led the slump in the backdrop of persisting global turbulence. Higher valuations of Indian stocks have been a concern and the current global turmoil is allo...
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Two 20-year-olds beat grim market to mint India’s newest unicorn
25Aug By adminNo Comments
Business

Two 20-year-olds beat grim market to mint India’s newest unicorn

Zepto, an instant grocery startup founded by a duo of Stanford University dropouts, both 20, raised fresh funds at a $1.4 billion valuation, creating a rare Indian unicorn amid a gloomy venture funding climate.StepStone Group, Goodwater Capital and others invested a combined $200 million in the Mumbai-based company, it said Friday in a statement. Zepto, built with backing from startup incubator Y Combinator, said it’s on track to turn profitable within 15 months and intends to go public in two to three years.Childhood friends Aadit Palicha and Kaivalya Vohra dropped out of Stanford’s computer science program to return to India and build the startup when they were teenagers. They are now the youngest founders of any Indian unicorn.“Quick commerce is India’s fastest-growing consumer interne...
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5 IPOs To Watch Out For This Week; Check Details Here
1Aug By adminNo Comments
Business

5 IPOs To Watch Out For This Week; Check Details Here

Published By: Business DeskLast Updated: August 01, 2023, 14:16 ISTAn Initial Public Offering (IPO) is the first sale of shares to the public by a privately owned company.IPO Update: Here’s a list of companies that you can watch out for this week.The financial world is gearing up for this week’s potential market upheaval. Investors are eyeing five upcoming Initial Public Offerings (IPOs) set for a launch, offering a diverse range of products and services. An IPO is the process of offering shares of a private company to the public for the first time, allowing the ventures to raise equity capital from investors in the market. If you have also been looking to invest your money in IPOs, here’s a list of companies that you can watch out for this week.1) Small Business Fin Credit (SBFC) Financ...
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