Prabhudas Lilladher has a reduce rating on Infosys

Financial inclusion and financial literacy will be the paramount objective while implementing reforms along with UID project to protect the interests of poor.

Institutional investors subscribed nearly two-thirds of LIC shares offered by noon Tuesday. The government aims to divest up to 6.5% of its stake through this offer. This stake sale is expected to raise approximately Rs 31,000 crore for the government. The transaction also helps LIC meet Sebi’s minimum public shareholding requirements. This follows the government’s…

Gold prices tumbled to a seven-month low as hopes for a U.S.-Iran peace deal faded, fueling inflation worries and increasing the likelihood of Federal Reserve interest rate hikes. Cleveland Fed President Beth Hammack indicated a willingness to raise rates if inflation persists. Investors are now keenly awaiting U.S. employment data for further clues on the…