This order falls under the Airbus offset commitments given to the Government of India. Bharat Electronics Ltd, a Navratna Defence PSU, announced today that it has secured a contract from Airbus Defence and Space, a Europea

Paytm IPO has been the biggest IPO in India, to date. The company raised approximately Rs.18,300 crore from the market but lost almost a fourth of its valuation on the listing day itself. The share debuted at a discount of 27.24 on the issue price,

The NIFTY Midcap 100 Index comprises 100 tradable stocks listed on the National Stock Exchange. The NIFTY Midcap 100 Index captures the movement of the midcap segment of the market. The NIFTY Midcap 100 Index comprises 100 tradable stocks listed o

On the first trading session of the week, the Indian market has witnessed a fierce sell-off as the benchmark index Nifty has tumbled by nearly 2. The Nifty Midcap 100 and Nifty Smallcap 100 as underperformed benchmark indices. The overall

Today the Nifty F&O action for November 25 expiry shows support has come down to 17,000 now from 17,500 earlier. The Indian equity market closed in red for the fourth consecutive day in a row. The frontline equity indices though opened in gree

Consumption is expected to pick up in a broad-based manner from 1Q22 as vaccination rates cover the entire eligible population. Improvement in end demand (consumption and exports) can push capacity utilization rates higher, along with a conducive pol

In Q2, Ashok Leyland reported a 56 YoY and 50 QoQ jump in net sales at Rs. 44,262mn primarily on account of recovery in volumes and revived economic and industrial activities. In exports, M&HCV volumes grew 63 YoY to 1,526 units, and LCV volum

Cognizant Technology services recently held their second investor meet after almost 3 years. It reported a revenue CAGR of 8- 11, cumulative 3-year EBIT margin improvement of ~110bps over 15.4, FCF being 100 of net income and allocation of 50 of

The management in the recent conference meet commented on the sustained growth momentum, with stable margin and a strong and broad based demand environment in all industry verticals. Within geographies, the US reportedly continued to grow, whi

On the first trading day of the week, the Indian equity market closed in negative. BSE Telecom index is the top gainer and BSE Realty is the top loser in today’s trade. After a long weekend, on the first trading day, the Indian equity market has

Benchmark equity indices fell by almost 2 on Monday amid a sell-off in all the sectoral indices. Domestic benchmark indices extended losses for a fourth straight session on Monday with Sensex and Nifty dropping the most in seven months, as invest

Indian stock markets slumped nearly 2 on Monday, pushed down by weak global cues and several local factors including weakness in Reliance Industries and One97 Communications Ltd, which owns Paytm. The BSE’s 30-stock benchmark Sensex fell 1,170.