Ananthu C U

Ananthu C U

Benzinga Staff Writer

IT Giants Light Up Even As Nifty 50 Ends In Red
|On Friday, Nifty 50 fell 0.28% to 23,501.10 due to minor profit booking. Bharti Airtel is the top gainer while Ultratech Cement is the top loser.
If You Earn Between ₹5-₹15 Lakh, The Modi Govt Might Finally Be Looking To Give You Some Tax Relief
|Indian govt considering tax cuts for lower-income group as part of ₹50,000 crore consumer boost initiative. Budget is expected to be announced on July 22.
India's Top 6 IT Companies Are Now Valued $18B Higher Than Pakistan's GDP
|IT companies in Nifty 50 surpass GDP of Pakistan by $18B. Top contributors include TCS, Infosys, HCLTech, Wipro, LTIMindtree, Tech Mahindra.
Zepto Raises $665M In Funding, Now Valued At $3.6B: Report
|Zepto raised $665 million in a funding round, catapulting its valuation to $3.6 billion, reported Moneycontrol. It plans to expand its reach, workforce, and ad income in new and existing markets, with a goal to transform the latter into a Rs 1,000 crore business.
GE Power Shares Zoom 3% After Winning ₹243 Cr Order From NTPC JV
|GE Power India stock surges after winning ₹243 crore contract from NTPC GE Power
TCS, Infosys, Other IT Heavyweights See Shares Soar As Accenture Results Spur Recovery Hopes
|Accenture's Q3 results show 1% revenue decrease and lowered full-year outlook. However brokerages see tailwinds in return of growth in consulting and deal wins to revenue conversion.
Hindalco Tops Nifty 50 Gainers After A Volatile Session
|Nifty 50 closed 0.22% higher at 23,567, recovering from previous day's fall. Hindalco topped gainers, while Hero MotoCorp was biggest loser.
Indian Tech Startups Beat Chinese Counterparts In Funding Rounds In First 6 Months Of 2024, Says Tracxn
|Indian tech startups surpassed Chinese counterparts in funding rounds in H1 2024, despite lower total funding.
Fertiliser Stocks Surge Upto 20% As Government Hikes MSP For Kharif Crops
|Fertiliser stocks surged after Govt increased MSP of Kharif crops.
'How Did Amazon Take Over India?' Former Snapdeal Exec Explains
|Amazon's e-commerce success in India is due to its experience and focus on customer service, said a former Snapdeal exec.
HDFC Bank Is The 10th Largest Bank In The World Again As MCap Crosses ₹12.6 Lakh Cr
|HDFC Bank regained its spot among the top 10 banks in the world thanks to a 13% surge in market capitalisation, following positive predictions from brokerages.
MapMyIndia Up 11% As Goldman Sachs Sees Almost 40% Upside
|Goldman Sachs initiated coverage on MapMyIndia with buy call and a target price of ₹2800, implying nearly 40% upside.
Macquarie Bullish On Private Sector Banks, HDFC Bank Among Top Picks
|Macquarie is bullish on private sector banks, bearish on PSU banks & NBFCs. HDFC Bank is among its top picks
Banks Stocks Stand Tall As Markets Snap 5-Day Winning Streak
|Though Nifty made a fresh all timr high, markets saw a correction ending the 5 day gaining streak.
WeWork Gets CCI Nod To Exit India Unit, Venture Fund To Acquire Stake
|CCI approves acquisition of WeWork India by Real Trustee & Volrado funds after it approved the exit of the global firm from the India unit.
Air India Introduces Premium Economy Cabins On Select Domestic Routes; Check Out Features
|Air India introduces premium economy cabins on select domestic routes, providing an elevated travel experience with 3-class configuration and enhanced features.
Delta Corp Shares Surge 15% On Hopes Of GST Council Waiving Retrospective Tax Demand
|Shares of Delta Corporation surged 15.47% after reports said GST council is considering waiving retrospective tax demands for online gaming companies.
Ixigo's Dream Listing Continues As Shares Surge 13% And Nomura Buys ₹103 Cr Stake
|Ixigo's parent company, Le Travenues Technology, saw a 13% gain after Nomura bought a stake worth ₹106.55 crore through bulk deals on Wednesday.
UBS Hikes Target Price On Apollo Hospitals, Sees Around 20% Upside
|UBS maintains positive stance on Apollo Hospitals and hiked target price to ₹7,500, as it sees potential for rerating.
Defence Stock Rallies 13% To Lead Nifty 500 Gainers
|On Tuesday, Nifty 500 rose 0.52%. Top performer was Garden Reach Shipbuilders soaring 13.35%, while Chemplasts faced a notable drop.