Gap Financial News

Wipro shares tumbled over 9% in Monday's trading after the company's first-quarter results missed estimates. Analysts expect the stock to underperform its peers such as Infosys and Tata Consultancy Services (TCS) in the foreseeable future till the software major shows signs of revival in revenue growth. The stock closed at ₹505.35 on Monday, down 9.2% — its biggest single-day fall since March 2020.

mental health issues among Indians and suggested a bottom-up, whole-of-community approach for addressing the issue.

banks and other regulated entities can create situations of dependence on single vendors for critical services, thus increasing risks, said Reserve Bank of India deputy governor M Rajeshwar Rao, making the observation days after a global outage of Microsoft systems.

₹5 crore “with a guaranteed coverage of up to 85%" (Charts 3a, 3b). However, major shocks over the last decade such as the transition to the goods and services tax (GST), demonetisation and covid have seriously affected the sector. The survey calls for ensuring MSMEs are bankable, a focus on employment-intensive MSME sectors, a collaboration between government, industry and academia to increase skills in the labour force, and providing faster clearances to MSME.

Global efforts to tame ballooning risks outside the banking system are losing steam, the Financial Stability Board said on Monday, with a top official warning it will take longer than expected to get a full picture of vulnerabilities at hedge funds, private credit firms and other investors.

health and economic outcomes, the survey underscored that mental health issues can have broader impacts on productivity across society than physical health ailments.According to data from the National Mental Health Survey (NMHS) 2015-16, 10.6 percent of adults in India suffer from mental disorders, with a significant treatment gap ranging from 70 to 92 percent for different disorders. Urban metro regions reported a higher prevalence of mental morbidity at 13.5 percent compared to rural areas (6.9 percent) and urban non-metro areas (4.3 percent).Economic Survey 2024 Live UpdatesThe survey also noted ongoing research indicating that individuals aged 25-44 years are most affected by mental illnesses.

Marico Ltd. traded at Rs 668.5 on BSE at 12:48PM (IST) on Monday, up 0.04 per cent from previous close. The scrip quoted a 52-week low price of Rs 486.75 and a high of Rs 686.7.

Adani Power Ltd. traded at Rs 699.6 on BSE at 01:08PM (IST) on Monday, up 0.77 per cent from previous close. The stock quoted a 52-week low price of Rs 235.7 and a high of Rs 896.75.

Pidilite Industries Ltd. fell 0.09 per cent to Rs 3130.95 in Monday's session as of 12:38PM (IST) even as the equity benchmark Sensex traded 193.17 points lower at 80411.48. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3244.65 and a 52-week low of Rs 2293.1 on NSE. Around 3466 shares changed hands on the counter till 12:38PM (IST).

Shree Cements Ltd. gained 0.81 per cent to Rs 27473.5 in Monday's session as of 11:16AM (IST) even as the equity benchmark Sensex traded 79.72 points lower at 80524.93. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 23023.05 on NSE. Around 123 shares changed hands on the counter till 11:16AM (IST).

Bajaj Holdings & Investment Ltd. rose 1.88 per cent to Rs 9879.0 at 10:05AM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 1,106 shares with a turnover of Rs 1.08 crore till 10:05AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 15.13, while the price-to-book value ratio stood at 1.7.

Kotak Bank, while Goldman Sachs and Jefferies have a buy rating on HDFC Bank. Investec has maintained a sell call on PVR Inox. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Drilled down to its basics, a budget, whether of the government or a household, is essentially the same. It must balance expenditure on one hand with receipts or income on the other. But there is one key difference.

HDFC Bank managing director Sashidhar Jagdishan expressed disappointment over deposits in the quarter to June, a period when volatility in current account flows caught the country's largest private bank off guard. «I know that the most important part of our strategy is deposits, and are we happy with the kind of numbers that have come about? Not really. It has fallen short of our expectations, but frankly if you see this, this is not something new,» Jagdishan said during an analyst call after HDFC Bank released its first quarter results on Saturday. «But this time around, obviously we were a little bit surprised on the period-end numbers because of some unexpected flows in the current account which was more than what we had anticipated.»

Nilesh Shah believes there is some froth in certain pockets of the markets, where low floating stocks and concentrated counters are trading at exorbitant valuations. «These valuations do not make sense from an ordinary point of view,» said Shah, who heads Kotak AMC, in a chat with ETMarkets.

Kush Maini won his maiden Formula 2 Sprint Race at the Hungarian Grand Prix after initial winner Richard Verschoor's was disqualified due to a technical infringement. Following the top of podium finish, the 23-year-old Invicta racing driver added 10 points to his season tally. With the win at the at Hungaroring on Saturday, Maini surpassed Mercedes junior driver Kimi Antonelli in the Formula 2 Drivers Standings to P8 with 66 points under his belt. Placed ninth on the starting grid in round 9 of the F2 Championship, Maini had his work cut out after a tough start on the hard compound tyre, which saw him lose a position on the opening lap to the Prema racing driver Antonelli.

electronics manufacturing sector will need more than 63 lakh trained shop-floor workers, purchasing managers and engineers in the next 18 to 24 months, across varied roles in equipment service, integration and middleware departments. Some of this demand will be fulfilled within the industry, as people move to greener pastures in search of better jobs and salaries. But most of the requirements will need to be fulfilled by freshers and college graduates.

CPI print at -0.1% is the lowest in four years. Fed members have been reiterating that they want to be more confident about inflation reaching the 2% target and the latest June inflation print should help in that regard. Deceleration in sequential core services momentum is a positive. Latest jobs report also showed that the unemployment rate crossed 4% for the first time since November'21.

A boot camp on a California ranch could help improve internet access on U.S. tribal lands

logistics-as-a-service on the government-backed Open Network for Digital Commerce (ONDC), touched one million transactions in June, ONDC said, on Friday. This is an initiative bridging the demand gap for third-party logistics and the delivery of products across the network.