A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies … Read more
New Delhi: Luxury carmaker Audi India on Tuesday reported 33 per cent increase in retail sales at 7,027 units for the fiscal ended March 31, 2024. The German automaker had sold 5,275 units in the country in 2022-23 financial year. “We have seen a robust growth of 33 per cent in FY23-24 on the back … Read more
Synopsis Recent reports indicate a decline in cement prices, causing a significant correction in cement stocks. However, it’s important to consider broader factors before making investment or trading decisions in the cement sector. Despite a temporary price dip, the sector continues to benefit from increased demand driven by infrastructure projects and improved balance sheet quality. … Read more
Synopsis While it was an interim budget, on one count it gave more indications even than a full budget. That count is the path which interest rates may follow. If one goes by the reaction of the debt market and the benchmark G-sec yield, the probability of interest rates coming down has increased very sharply. … Read more
The Passenger Vehicles (PV) segment volumes are expected to log a record 18-20 per cent growth this fiscal as the pent-up demand levels off amid hike in vehicle prices, CareEdge said in a report on Tuesday. It also projected the PV sales volume to continue this growth momentum in the next fiscal, driven by factors … Read more
“One indication that could be important to follow for us is what is going on in the consulting space. As you know, we have made significant investments in consulting and strategic decisions to help us transform our organization,” says Thierry Delaporte, CEO, Wipro. “On deal wins, we are continuing to see a strong momentum in … Read more
Indian sovereign bonds, coming off the best annual performance in three years, are poised for further gains on expectations that their upcoming inclusion in a global bond index will lure big foreign inflows. The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years. It’s expected to slide by more … Read more
