Experts Financial News

TCS Q2 Results Preview: IT major to report muted earnings growth; share buyback in focus (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Another brokerage firm Nuvama Wealth Management believes Infosys' Q2FY24 revenue may rise 6 per cent YoY. Besides, the brokerage firm expects revenue to grow by 1.2 per cent QoQ in CC terms and 1 per cent QoQ in USD terms.

Listed telco Telstra has agreed terms to buy cloud services business Versent for $267.5 million, afterseeing off rival bidder Japan’s NTT as flagged by Street Talk on Monday.

global markets for cues, while also keeping an eye on the crude oil movement amid Israel-Hamas conflict. While equities staged a smart recovery on Tuesday, sustenance on the higher level is critical for confirmation of trajectory, analysts said. Further, Dalal Street investors will keenly await quarterly earnings of Tata Consultancy Services, due after market hours. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 7.5 points, or 0.04 per cent, at 19783.50, signaling that Dalal Street was headed for muted start on Wednesday.

wealth study jointly done by 360 ONE Wealth and Hurun India. Chemicals and Petrochemicals with 110 individuals and Industrial Products with 96 are the other industries that have given rise to a large number of richest Indians.

CIEL Group is expected in the first half of 2024. The company has 'rigorously' invested in optimising the HR processes with digital intervention, said CIEL Group executive chairperson and director K Pandiarajan on Tuesday.

RBZ Jewellers received Sebi's approval to raise funds through an initial public offering (IPO). The IPO will be entirely a fresh issue of shares.

Shares of major property developers were among the top gainers on Tuesday as companies' business updates for the September quarter showed strong growth. The Nifty Realty Index jumped over 4% to a 15-year high as traders rode the bullish momentum in these stocks.

Mukesh Ambani, chairman of Reliance Industries, has reclaimed the top spot as the richest Indian after a year, as per the '360 One Wealth Hurun India Rich List 2023'. Ambani was ranked at the top with a wealth of ₹8,08,800 crore with 2% appreciation over the previous year. Industrialist Gautam Adani, despite a 57% erosion in wealth, was ranked second in the list with a wealth of ₹4,74,800 crore.

Bank of England has provided a three-and-a-half-year time frame for three domestic clearing houses to work out an inspection framework amenable to UK norms, giving British banks an advantage over their European counterparts when it comes to handling investment flows to India. The European markets regulator in October 2022 de-recognised six domestic clearing houses, creating hurdles for trading and management of billions of dollars' worth of international flows for the continent's banks operating in India. British authorities, which had initially followed suit, have, however, been much quicker at resolving issues pertaining to treatment of Indian clearing houses. «Currently a non-UK CCP (central counterparty) that enters the run-off regime from the TRR (Temporary Recognition Regime) is taken to be recognised for a period of up to three and a half years, determined by the Bank of England, from the day on which the CCP ceases to be taken to be recognised under the TRR,» read a Bank of England document dated September 28. The three Indian clearing houses listed out by the UK central bank are the India International Clearing Corporation Limited, the NSE Clearing Limited, and the NSE IFSC Clearing Corporation Limited.

A summer of blackouts has emerged as a real risk of Australia’s creaking power system, increasing the likelihood of extra government intervention in a desperate bid to close the gap between the reality of the faltering energy transition and the ambition of 2030 climate targets.

Google may have tasted success in Japan, becoming the country's top smartphone player by market share and beating Apple in the process. But experts say replicating the same in India with its new smartphones would be a tough task for the US internet major despite a premiumisation wave in the local smartphone market.

Recent events have proven once again how highly volatile the cryptocurrency market is. Bitcoin, the flagship cryptocurrency, recently experienced a significant price dip below $28,000, causing concern among traders. Meanwhile, the much-anticipated Ether exchange-traded funds (ETFs) failed to excite in their debut. 

Bitcoin (BTC), the world's oldest and most valuable digital currency, couldn't climb above $28,000 recently. 

India is hosting the 8th BRICS International Competition Conference (ICC) in New Delhi under the aegis of the Competition Commission of India (CCI). BRICS represents 42% of the world's population, 26% of global GDP, and 18% of global exports. It has seen a more than four-fold increase in their annual FDI inflows from $84 billion in 2001 to $355 billion in 2021. Their share in global FDI inflows also doubled from 11% in 2001 to 22% in 2021.

Navneet Munot, MD and CEO of HDFC Asset Management, has been elected as the Chairman of Association of Mutual Funds in India (AMFI). Navneet Munot is a Chartered Accountant and a CFA charter holder and has over three decades of experience in financial services. “I am hugely excited about the opportunities that lie ahead for the industry. I look forward to collaborating with my industry colleagues and working under the guidance of our regulator SEBI to propel the mutual fund industry to even greater heights. Together, we'll strive to enhance the financial well-being of our investors and bring greater prosperity to our nation. For AMFI as an organization, I look forward to continuing the strong legacy and building on the AMFI 2.0 strategy that has been outlined to strengthen AMFI.”

Gold prices slipped on Tuesday after rising nearly 2% in the previous session as investors cautiously turned back to riskier assets and looked forward to further cues on the U.S. central bank's policy stance. Spot gold was down 0.3% at 1,856.39 per ounce as of 10:58 a.m. EDT (1458 GMT) after rising to a more than one week high earlier in the session.

Oil prices oil fell more than $1 a barrel on Tuesday, continuing a slide that began earlier in the day with traders focused on demand levels but still cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas. Brent crude was down $1.18 at $86.97 a barrel as of 9:37 a.m. CDT (1437 GMT), while U.S.

Gulf advanced on Tuesday as US rate worries eased, while investors kept their focus on raging conflict in the Middle East after a surprise attack by Hamas militants on Israel over the weekend. Top Federal Reserve officials on Monday indicated rising U.S. Treasury yields could steer the central bank away from further rate increases. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by policy decisions by the Fed because most regional currencies are pegged to the U.S.

GVK Coal Developers (Singapore) Pte Ltd and associated companies opened in the High Court here on Tuesday. Judge Dame Clare Moulder presided over the hearing at the Commercial Court division to hear the case brought by Bank of Baroda (acting by its Ras Al Khaimah branch), Bank of India (London branch), Canara Bank (London branch), ICICI Bank Ltd (acting by its Bahrain, Dubai and Off-Shore Banking branches), Indian Overseas Bank (Corporate Branch, India) and Axis Bank Ltd.

More states are requiring personal finance education before students graduate from high school

Lower interest rates might be the only thing that could revive Canada’s housing market as supply outpaces demand in the country’s largest real estate markets, experts say.