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Ramanujacharya Jayanti commemorates the birth anniversary of Ramanujacharya, a revered philosopher and thinker. The day holds significant religious importance in Hinduism, particularly in South India. This year marks the 1007th birth anniversary of Ramanujacharya. According to Drik Panchang, Sri Ramanujacharya Jayanti falls on the Panchami Tithi of Shukla Paksha in the month of Vaishakha, which is on May 12, 2024.

Mukesh Ambani and Anand Mahindra, depicting a memorable moment many now consider iconic. The image showcased the warm camaraderie and friendship between the three business tycoons. The photo captured the trio together in one frame, enjoying a light-hearted moment.

Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing. After the central bank held rates steady at 5.3% last week, Fed Chair Jerome Powell delivered a news conference where what he didn't say mattered.

Tata Consultancy Services, Infosys, Cognizant Technology Solutions Corp, Wipro, HCL Technologies and Tech Mahindra. On an aggregate basis, the net hiring for these companies dropped sequentially by 14,732 in Q4FY24 vis-à-vis declines of 15,891 in Q3 and 11,123 in Q4FY23, according to Kotak.

“In the next bull run, I guess that NBFCs might perform well. Fundamentally, upside potential is a minimum of 15% to 20% in most of the NBFCs,” says Shrikant Chauhan, Head of Equity Research, Kotak Securities. In an interview with ETMarkets, Chauhan said: “If the interest rate cycle starts turning downward in the 2nd quarter of FY2024 then there could be a specific buying interest in the sector,”. Edited Excerpts: Markets have started picking momentum after the initial fall despite geopolitical concerns. What is your take on markets? Shrikant Chauhan: Post some dip in March 2024, the equity markets have regained momentum. India’s macro-economic data points like GST collections and manufacturing & services PMI have been healthy.

Gold price retraces ₹3,500 from record high. US Fed meeting outcome in focus After reaching a nearly six-month high, the dollar softened by 0.2%, resulting in gold becoming more affordable for holders of other currencies. Additionally, benchmark U.S.

Also read: US Fed meet begins today: What to expect amid sticky inflation? Top experts share their views According to data released by the Labor Department's Bureau of Labor Statistics on April 10th, the US consumer price index (CPI) increased by 0.4 percent month-on-month (MoM) and 3.5 percent year-on-year (YoY), surpassing Street expectations of 0.3 percent MoM and 3.4 percent YoY. Indian investors also will be closely watching how the Fed addresses the dilemma of balancing growth and inflation.

Motilal Oswal Financial Services expects HCL’s FY25 revenue growth to be near the upper-end of its guidance band, which will put the company ahead of its large-cap IT services peer set barring Tata Consultancy Services Ltd (TCS), which is executing the mega BSNL deal, and LTIMindtree Ltd. “While we expect some near-term pressure on the stock on account of weak FY25 revenue growth guidance, we continue to expect the stock to outperform its peers," wrote Motilal’s analyst Mukul Garg in a report on 27 April. In the March quarter (Q4FY24) results announced post-market hours on Friday, HCL saw muted consolidated CC revenue growth of 0.3% sequentially.That said, itskeyIT and Business Services CC growth at 4% was ahead of consensus estimates.Further, new deal-wins at $2,290 million rose year-on-year and sequentially.

DD Mishra, VP Analyst, Gartner, says, “in 2024-25, we see that AI-led growth is going to come and AI has to play a very critical role. In 2023, AI spending was around $3.5 billion, but we are expecting that this thing is going to grow in 2024-25 significantly. There are other challenges and CIOs are struggling and in this situation, they take a lot of consulting support as well because they do not know what they do not know and this is where they depend on the consulting services which has been growing significantly. We will see disruptions in the short term, but the long term outlook is positive.” Just wanted to get a sense from you with respect to the earnings read through and the commentary that we have heard from the management of the Indian IT majors. It lacks the confidence that a recovery is around the corner. They are still non-committal about it. However, the forecasts coming in from Gartner have been improving consistently. What kind of outlook are you witnessing with respect to client spends, discretionary spends and the pace of ordering. DD Mishra: The way we look at it, there are two perspectives of it. One is the larger perspective where we see how the next four to five years are going to change around IT and that looks quite promising because we see that in 2025, 2026 and 2027, we are going to see double-digit growth and there is no cause of concern as of now.

Amit Khurana, Head of Equities, Dolat Capital, says for the next few months, bottoms-up stock picking should be the preferred mode and look out for names either showing signs of turnaround or names which have visibility even though you may have to pay a little bit of a premium on the valuation side, but the momentum continues to be supportive for those sectors or stocks. You were slightly cautious on the market and by mid of March that caution played out, however, it was short-lived and the market rebounded. What is your current prognosis of the way the earnings season is panning out? Did you request the clients to buy that dip or are they still sitting on the sides? Amit Khurana: Yes, the correction did play out which we were anticipating but the depth of it and the breadth, I did not come as much as one would have wished for.

Within the rapidly evolving realm of cryptocurrencies, wherein fortunes may be amassed almost overnight, professional evaluations and forecasts carry considerable weight. Now enter a former Wall Street analyst who was well-known for his audacious forecasts and keen understanding of the market. This analyst recently created a stir when he predicted that Bitcoin (BTC) will hit $200,000 during the upcoming 2024–25 bull run.  Furthermore, Hump (HUMP), a rival cryptocurrency to Solana that is trading for less than $0.05, is highlighted as the most likely altcoin to rise with Bitcoin during the cycle. Let’s explore the in-depth research and insightful commentary offered by this knowledgeable analyst.

«Wherever there have been dips, the market has been bought into, sectors have been bought into, stocks have been bought into,» says Rahul Bhuskute, Bharti AXA Life Insurance. You guys at Bharti AXA Life, what are you making of the broader market resilience which has come back, that entire negativity triggered by some commentary from AMFI on stress test of the mutual fund small and midcap, plus, of course, regulator comments on froth in that pocket, all of that appears to be getting digested. You think valuations are comfortable now to get in? I think, yes, you spoke about market resilience and that has really been the heartening feature of this market. One could make that argument that valuations are higher on a historical basis or compared to other emerging markets, etc, but the market has shown resilience.

Zensar Technologies witnessed strong buying interest, surging as much as almost 12 per cent, in intraday trade on Friday, April 26, a day after the company reported its March quarter scorecard. Zensar Tech share price opened at ₹596.65 against its previous close of ₹575.20 and surged 11.6 per cent to the level of ₹641.75 on BSE. Around 11 am, Zensar Tech share price traded 9.64 per cent higher at ₹630.65 apiece.

Virat Kohli started the innings aggressively with Faf Du Plessis, but after the wicket of his opening partner and the subsequent end of the 6-over powerplay, the veteran batsman seemed more focused on taking singles rather than hitting the big shots. Moreover, the experienced batsman did not hit a single boundary after the 4th over mark and instead scored the next 28 runs of his innings at less than a run a ball even as Rajat Patidar continued to hit the SRH bowlers for boundaries and sixes. Speaking about Kohli's inability to hit the big shots during commentary, Gavaskar said, “It's just been singles, singles and singles from Kohli.

—Name withheld on request Moratorium period is also referred to as the look-back period in insurance. This is a safeguard clause built-in for the policyholders. Once the moratorium period is over, insurers cannot reject a claim on the grounds of non-disclosure, or misrepresentation.

₹10.5 lakh as per today’s exchange rate) a day. They said, ‘Yes, you’re right. We can’t afford you’." Everyone burst into laughter hearing the incident.

Siddhartha Khemka, Head-Retail Research, MOFSL, says on a long-term frame, the order book continues to remain strong, the business model is good but in the near term next one or two more quarters of pain is there to be endured by long-term investors. So, for someone looking from a three-six months’ perspective, IT could continue to remain under pressure. What is your opinion of the market right now? Siddhartha Khemka: We continue to remain positive on the overall outlook on the market. We have seen the result season so far being more or less in line to better than expectation, barring some sectors like IT, which has been kind of weak. Consumer was not expected to be very strong, but there was a hope that the commentary would come around the recovery post the monsoon which the IMD has given a forecast of above normal monsoon.

By Niels Veldhuis and Jake Fuss

₹2,746 crore. The company’s IT services revenue is likely to grow 0.18% to $2,661 million sequentially, while in rupee terms, the revenue may fall by 0.28% QoQ due to macro impact and continued softness in verticals.

IPL match. Rishabh Pant took two catches and made two stumpings against Delhi as Shubman Gill’s team got bundled out for 89. In addition, Pant made 16 off 11 balls in the low-scoring game and remained unbeaten while guiding Delhi home.

Infosys is likely to have gone through another tough quarter in terms of earnings growth, as lower sales and weak discretionary spending weighed on the overall performance in the three months ended March. For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.