[ad_1] CLSA has a ‘hold’ recommendation on Voltas with a target price of Rs 1,375. Analysts said that the company indicated encouraging secondary sales ahead of peak summer season on a high base while the market share losses early this year have been more due to seasonality and geographical presence. The company expects to continue…
[ad_1] Gratuity payment calculations are governed by specific guidelines outlined in the Payment of Gratuity Act. (AI image) Salaried employees quite often have gratuity as a component of their CTC (cost to company). The Payment of Gratuity Rules, 1972, stipulates that staff members become entitled to gratuity after completing five years of uninterrupted service with…
[ad_1] Foreign portfolio investors have continued their exodus from Indian stock markets in early March as well. (AI image) Indian stock market indices, Sensex and Nifty, have come down significantly from lifetime highs. Investors have lost several lakh crore in the market correction and foreign portfolio investors have been withdrawing money continuously for several months…
[ad_1] The Nifty IT Index has declined approximately 15% since the beginning of 2025. (AI image) Accenture’s quarterly results have raised concerns for Indian IT sector’s growth prospects, with technology stocks, including industry leaders TCS, HCL Tech, and Infosys, experiencing a significant drop of up to 3% on Friday. Accenture’s results have led to worries…
[ad_1] AESL, an Adani portfolio company, operates across various energy sectors including transmission, distribution, smart metering. Adani Energy Solutions Ltd (AESL) has secured a power transmission project in Gujarat that will facilitate the supply of green electrons for Green Hydrogen and Green Ammonia production in Mundra, Gujarat. The project, valued at Rs 2,800 crore, has…
[ad_1] March 2025 bank holidays: With the financial year drawing to a close, people and businesses typically hasten to finalise their banking activities, including tax submissions, investment decisions and monetary settlements. Whilst many prefer conducting bank visits on Saturdays to avoid workday conflicts, it is essential to verify bank operating hours as per the Reserve…
[ad_1] Tesla is likely to source essential vehicle control components from Tata Electronics. (AI image) Several Tata Group companies have silently established themselves as global suppliers to Elon Musk-led Tesla, which represents approximately half of the global automotive industry’s market value. These companies – Tata AutoComp, Tata Consultancy Services, Tata Technologies, and Tata Electronics –…
[ad_1] Market experts anticipate continued recovery in the short term. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday. While BSE Sensex was down over 100 points, Nifty50 was near 23,150. At 9:16 AM, BSE Sensex was trading at 76,237.17, down 111 points or 0.15%….
[ad_1] MUMBAI: Dovish comments from the US Fed chair on Wednesday night after keeping rates unchanged led to an 899-point rally in sensex on Thursday that took the index to close above the 76K mark, a one-month closing high. It was the fourth consecutive session of gains for the index during which it added a…
[ad_1] MUMBAI: RBI net sold $11.1 billion in the spot foreign exchange market in Jan, according to data released on Wednesday. It purchased $49.2 billion and sold $60.3 billion during the month.This was lower than Dec 2024, when RBI bought $54 billion and sold $69 billion, resulting in net sales of $15 billion. From April…
