Profit by knowlytics
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid persistent inflation. Economic data shows…
We have collated a list of recommendations from top brokerage firms from ETNow and other sources
Asian stocks declined as chipmakers pulled down Wall Street amid valuation concerns. Oil prices climbed higher this week due to escalating Middle East hostilities. Investors are questioning the sustainability of massive artificial intelligence investments and tech valuations. Heightened geopolitical tensions fueled inflation worries and potential interest rate hikes. Consumers continue spending and the labor market…
In today’s trade, shares of Reliance Industries, Tata Tech, Wipro, Jio Financial, ITC, Maruti Suzuki among others will be in focus due to various news developments and first quarter results.
Wipro reported strong order bookings but saw revenue decline and margins contract. The company’s management noted no significant demand changes from the prior quarter. Future revenue guidance remains cautious, expecting a slight drop or marginal improvement. However, annual revenue trends show moderation, aided by acquisitions and steady orders. Stock valuation reflects investor sentiment, awaiting revenue…
Logistics sector revenue is poised for healthy growth in the June quarter. This expansion is driven by e-commerce demand and increased supply-chain outsourcing. However, elevated fuel costs and pricing pressures may impact profitability across companies. Container Corporation of India and Delhivery anticipate revenue increases with margin challenges. Blue Dart Express and TCI also expect revenue…
Investors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide varying guidance on whether these should be categorized as foreign assets. While GIFT City falls under the foreign category per FEMA regulations, it’s treated as a domestic entity for income tax.
Tata Sons and the Shapoorji Pallonji Group are currently negotiating the monetization of a stake but are at an impasse concerning the transaction’s structure and valuation. Among the options discussed is a share-swap deal. The SP Group is eyeing this opportunity to tackle its significant debt. Their recent refinancing attempts indicate a solid confidence level…
SBI Funds Management’s IPO achieved record subscriptions, becoming the largest of 2026. Investors bid nearly 42 times the shares offered by the asset manager. Qualified Institutional Buyers showed the highest subscription levels, indicating strong demand.
HSBC’s GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposits. This special deposit program attracts overseas dollar deposits and boosts inflows. The Reserve Bank of India temporarily relaxed interest rate ceilings for this purpose. This initiative aims to attract foreign exchange…