Zepto, a leading quick commerce platform in India, has raised $450 million in a fresh funding round led by Calpers, valuing the company at $7 billion. The funds will be used to maintain a healthy balance sheet and support moderate expansion.
India’s top four IT companies have reported their Q2FY26 results, revealing interesting trends in employee metrics. Find out how TCS, Infosys, HCL Tech, and Wipro fared in terms of attrition rate and headcount ratio.
Nirmal Bang’s top 10 Diwali picks for Samvat 2082 include stocks from automobiles, hotels, banking, manufacturing, engineering, technology, and consumer sectors with potential upsides of 15% to 35%.
The American Depositary Receipts of Infosys Ltd. sank 2.95% to trade at $15.96 in New York on Thursday after the company saw its second quarter constant currency growth tapering to 2.2%. In addition, the large deal contract value also saw a decline in the quarter ended September.
Over 80 companies, including Reliance Industries, JSW Steel, and Havells India, are set to announce their Q2FY26 results today, which may impact investor sentiment and stock prices.
The US stock market opened in the green on Thursday, extending gains after strong quarterly earnings by tech giants, with the Nasdaq Composite gaining 0.47% and the S&P 500 opening 0.31% higher.
Uday Kotak highlights the continuation of the ‘savers to investors’ trend in India during Samvat 2082, driven by flows into mutual funds and equity markets, and supported by the current tax regime and government’s GST revamp.
Waaree Energies Ltd. has reported a significant increase in its net profit and revenue for the second quarter of this financial year, driven by strong demand for its solar modules.
The NSE Nifty 50 has broken above the September swing high, signaling a potential retest of the calendar-year high of 25,700, with last month’s swing high of 25,450 as the support.
Former IMF Chief Economist Gita Gopinath warns that a correction in the US stock market could have severe and global consequences, worse than the dot-com crash, due to high global exposure to US equities.