A Look at Gold Prices in India Gold prices in India have been on a downward trend in recent months. According to the India Bullion Association, the current price of gold in India is around Rs 98,210 per 10 grams. This is a decrease of around 2% compared to last week’s prices.
Why Tech Mahindra’s 7th Consecutive Quarter of Margin Expansion Matters Tech Mahindra Ltd. has achieved a significant milestone by posting its 7th consecutive quarter of EBIT margin expansion. The company’s EBIT margin improved by 76 basis points sequentially to 11.06% in the April-June period, a testament to its commitment to improving profitability.
Last Day to Buy Shares for Bonus Issues The Indian stock market is abuzz with action, and investors would do well to keep a close eye on the developments. In this article, we will focus on the bonus issues announced by Samvardhana Motherson International Ltd., Motherson Sumi Wiring India Ltd., Bright Outdoor Media Ltd., and
What is the Last Day to Buy Shares to Qualify for Dividend Payment? In India, the record date determines shareholder eligibility for dividend payments. Under the T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. Hence, if the record date of a dividend stock is July 18,
Rupee Opens Stronger Against US Dollar The Indian rupee opened marginally stronger on Thursday, appreciating by 4 paise to trade at 85.90 against the US dollar, according to Bloomberg data. This modest gain comes amid a mixed global currency environment and cautious investor sentiment following overnight volatility in US markets.
Revenue Growth Remains a Concern Despite some operational improvements, the broader sentiment remained cautious, with major brokerages maintaining their ‘Underperform’ ratings on the stock. In the June quarter, Tech Mahindra reported a marginal dip in revenue, which came in at Rs 13,351.2 crore, slightly below Bloomberg’s estimate of Rs 13,422 crore.
Why Tech Mahindra Remains a Preferred Stock for Most Brokerages Despite a decent first-quarter earnings report, Tech Mahindra Ltd’s target prices indicate muted gains. However, 12 out of 26 brokerages tracking the company maintain a ‘buy’ call, while seven each have ‘sell’ and ‘hold’ recommendations, according to Bloomberg data.
SBI Launches Mega-QIP, Shares Trade Flat India’s largest lender, State Bank of India (SBI), has launched its Rs 25,000-crore qualified institutional placement (QIP), which opened on Wednesday. The bank has received necessary regulatory approvals and has set the floor price for the issue at Rs 811.05 per share, marking a 2.5% discount against the stock’s
Q1 FY26 Earnings: Key Highlights ITC Hotels reported a 53.8% year-on-year jump in consolidated net profit to Rs 133 crore for the quarter ended June 30, 2025.
Airtel’s Revolutionary Move: 36 Crore Users Get Perplexity Pro at No Cost In a first-of-its-kind move, Bharti Airtel has partnered with AI-powered search engine Perplexity to offer its entire base of over 36 crore customers across mobile, broadband, and DTH services a 12-month subscription to Perplexity Pro, a premium AI search engine tool, at no