Record News

₹7,229.10, the scrip is almost 12 percent away from its record high of ₹8,192.00, hit on October 6, 2023. But, it has recovered 25 percent from its 52-week low of ₹5,780, hit on April 12, 2023. Meanwhile, in the long term, shares of Bajaj Finance have delivered over 4000 percent return to their shareholders in the last 10 years.

Tata Consultancy Services (TCS) on Friday reported better than expected fourth quarter numbers in a muted macro environment with strong margins and healthy topline growth. Profit after tax (PAT) for the March quarter rose 9% year-on-year (YoY) to Rs 12,434 crore, while revenue from operations increased 3.5% to Rs 61,237 crore.

Two-wheeler sales too recovered, growing by over 13% to 17.9 million units in the year under review. However, overall volumes are still shy of the peak of 21 million units reported in FY19. Meanwhile, sales of commercial vehicles remained flat at 967,000 units last fiscal. In March, the last month of the financial year, the cumulative sales of cars, sedans and utility vehicles was 368,086 units, up from 336,000 a year, as per data available with industry body Society of Indian Automobile Manufacturers (SIAM).

Puravankara, a leading real estate developer in India, witnessed a surge in its share price, hitting the 10% upper circuit during today's trading session at ₹324.30 per share. This week marked a remarkable rally, recording a 33.68% gain, the largest weekly increase since November 2017.

Nevada ranked the second highest auto insurance rates in the country, according to Insurify.

Gold jumped to another record as the safe haven asset was boosted by simmering Middle East tensions.

tech companies in the US added an estimated 6,000 workers last month. Indian IT giants have established a robust presence in the US, with Tata Consultancy Services (TCS) employing 50,000 people, Infosys 35,000, HCL Technologies 24,000, Wipro 20,000, and LTI Mindtree 6,500. Together, these companies contribute around 2% to the US tech industry workforce, as per an HDFC Securities report. The widespread presence of these firms across various US locations positions them advantageously for the ongoing demand recovery. The surge in job growth has been primarily driven by hiring in technology services, software development, and cloud infrastructure. In March, US employers posted 191,000 new job openings for tech positions, marking an increase of 8,000 from the previous month and the highest volume since August 2023.

Bitgert is one of the few coins in the crypto space with sustainable momentum. Despite the level of growth it has recorded so far, it is showing no sign of slowing down as the trading volume keeps accumulating.

candidates applying for the Common University Entrance Test — Undergraduate (CUET-UG) 2024 has seen a significant drop this year, with a 1.5 lakh decrease in the total number of applicants. Despite this decrease, there has been a rise in the number of subjects opted for. This year, candidates have opted for double the number of tests, with an average of 4.3 subjects chosen per applicant, up from 2.3, the previous year.

insurance industry in FY24, ToI reported on April 12 citing data from the General Insurance Council. The general insurance industry recorded an annual premium of close to Rs 2.9 lakh crore for FY24, marking a 13% rise from the previous fiscal year's Rs 2.6 lakh crore. Similarly, the five standalone health insurance companies saw a significant 26.2% increase in total premium, climbing from Rs 26,243 crore to Rs 33,115 crore during the same period. These statistics are based on preliminary data released by the council. The rise of standalone health insurance companies' growth can be credited to larger policy sizes, as they introduce high-value policies worth crores. Premium rates have been adjusted to match medical inflation, and coverage has expanded, insurers revealed.

Canada will need to build roughly 1.3 million more new homes than are currently projected to eliminate the gap between housing supply and demand, according to a new report by the Parliamentary Budget Officer (PBO).

Metropolis Healthcare, one of the leading Indian diagnostics companies, spiked 7.54% in today's intraday session to hit a new 52-week high of ₹1,935 apiece after investors reacted positively to the company's Q4 business, which was released on April 10, post-market hours. The company during the fourth quarter of last fiscal year recorded around a 10% YoY increase in overall revenue, alongside 15% YoY growth in revenue for its core business, maintaining a consistent rise in sales volumes across various segments.

₹15.62 crore in net earnings on its first day in India. As of now, Bade Miyan Chote Miyan earned around 0.13 Cr India net on its second day for all languages, according to Sacnilk. According to the report, the film grossed ₹15.5 crore nett across all languages in India on its opening day.

TCS: The IT company is expected to present moderate figures for Q4FY24, driven by the acceleration of significant deal victories, despite the ongoing weakness in crucial international markets. The company will disclose its earnings for the March quarter on Friday, April 12. Industry experts estimate TCS's revenue growth to be in the lower single digits on a quarter-on-quarter (QoQ) basis in constant currency terms.

'Shashi Tharoor, in desperation...': Rajeev Chandrasekhar on defamation notice to Congress MP Following this Tharoor's lawyer stated that, "he is not responsible" for "any other versions of the same program" or any editing, post-production changes, studio recordings of casual talks, chats, or any other acts that are not intended for broadcasting. "My client is not responsible for any 'slander' as he has not uttered any.

Also Read: Apple's M4 chip overhaul to revive Mac sales, AI push lifts stock 4.3% Amazon share price rose 1.7% to close at $189.05, surpassing its previous closing high of $186.57 set in July 2021. Amazon is the last of the five biggest US tech firms to reach an all-time high in the rebound from the post-pandemic selloff. It was the only company of the five biggest US tech firms that failed to enter record territory in recent months, Bloomberg News reported.

Interest rate outlook worries hang over the first-quarter earnings season, with the expected timeline for Federal Reserve rate cuts being pushed back as the economy remains robust.

Sensex surged 354.45 points, or 0.47%, to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. “We expect the ongoing up-move to continue in the market. The broader market too is likely to continue its outperformance along with stock-specific action on the back of strong domestic flows and healthy business updates.

FUNDAMENTALS

The euro was eyeing its sharpest weekly fall in about four months, pressured in part by a resurgent greenback and expectations that the European Central Bank (ECB) could begin easing rates in June, likely ahead of the Federal Reserve.

Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday. Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.