Small-cap IT stock: Blue Cloud Softech Solutions Ltd announced that the company’s board of directors will meet on Friday, 23 May 2025, at 4 p.m. to discuss many aspects, including the approval of a fundraiser, according to the exchange filing. According to the filing data, the company will finalise an acquisition move outside India either…
In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most nations (excluding China)…
Wipro Q4 Results 2024 Preview: IT major Wipro Ltd is set to conduct its board meeting on April 16 and 17 to consider its upcoming January to March quarter results for the fiscal year 2024-25. India’s fourth-largest information technology (IT) giant announced that the financial results will be approved by the company’s Board of Directors…
Himanshu Kohli, Co-founder, Client Associates believes current Nifty level of 23,500 is reasonable, not stretched, valuations are elevated but not euphoric. Kohli predicts Nifty target for the year-end to be around 26,000. He also suggested that tactical corrections would be healthy and may offer better entry points. Investors should watch for profit-booking in overbought segments,…
Top-tier IT services provider Wipro Ltd bagged a mega deal worth 500 million pounds from Phoenix Group—the UK’s largest long-term savings and retirement business. The 10-year strategic project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation. In the IT industry, mega deals are large-scale,…
India is structurally strong and cyclically slow, which led to a slowdown in corporate earnings from 8% to 10% from 15-20%. High interest rates, India’s general elections, and global political shifts contributed to the slowdown. The equity market trades at 19x, close to the Covid Feb 2020 lows of 18.3x. Also Read | Wall Street…
On Saturday, finance minister Nirmala Sitharaman announced a fiscal outlay of â‚ą2,000 crore ($230 million) for the Mission. The move succeeded the Ministry of Electronics and Information Technology (Meity) announcing last Thursday that a repository of 18,693 graphic processing units (GPUs), provided by private sector companies, was ready to be used as an on-cloud supercomputing…
