A Global Retail Giant’s Restructuring Efforts Walmart’s decision to cut hundreds of jobs is part of a broader effort to streamline its operations and reduce costs. The company has been facing increasing competition from online retailers and changing consumer preferences, which have forced it to adapt and innovate. The job cuts are a response to […]

Tesla’s Autopilot System Under Fire: Safety Expert Testifies in Fatal Crash Trial As the trial over a 2019 fatal crash involving a Tesla Model S with Autopilot engaged continues, a safety expert has testified that the company has not done enough to protect against drivers misusing its driver-assistance system.

JPMorgan’s $4 Billion Bond Sale: A Sign of Things to Come in Indian Markets? JPMorgan Chase & Co., one of the largest banks in the world, has made headlines with its recent $4 billion bond sale in the US market. The sale, which was met with high demand, has sparked interest among Indian investors and

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.