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₹1,200 crore by FY27-28. The confidence stems from the belief that the IT sector which is poised to grow strongly has its focus on reskilling as a critical priority and NIIT is well-positioned to absorb the benefits and expand its business into emerging sectors through organic as well as inorganic growth. The company has cash reserves of ₹700 crore, which it has earmarked for potential mergers and acquisitions.

₹0.50 crore in India bringing its total collection in India to ₹517.28 crore. Additionally, it recorded a 15.48% occupancy rate for Hindi screenings on Thursday, September 14. Film trade analyst Taran Adarsh shared figures of 'Gadar 2' business over the weeks on X (formerly Twitter).

IPO Subscription Status on day 2 was 1.40 times, and day 1 was 25%. RR Kabel IPO aims to raise ₹1,964.01 crore from the IPO. The IPO comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.

Indian stock market: Only a few months ago, a significant portion of market participants exhibited caution towards IT stocks. Their apprehension stemmed from concerns about a potential economic slowdown in the Western markets, which represent a substantial customer base for Indian IT firms. This apprehension was primarily driven by the fear that such a downturn could significantly impact the revenue and profitability of domestic IT services companies.

Sales at Metcash are continuing to grow – underpinned by food, alcohol and hardware – but the wholesale distributor has warned higher interest rates are pushing consumers to cheaper products and impacting confidence.

Pashupati Advani, Founder, Global Foray, says “ in autos, there is some build up in inventory with the dealers. It is going to go through a bit of a phase of consolidation as you mentioned. I would not jump into autos at these kinds of levels, I just sit on the side. Interest rates are higher; a lot of two-wheelers and four-wheelers are financed and that is going to put some kind of a cap on the market. So just hang on, there will be ample opportunity in my opinion.”What is your take on real estate stocks? They have been doing fairly okay for themselves of late. Again, is there a pocket that you are looking at, let us say maybe Mumbai facing real estate names or South Indian names or even NCR is coming back now?Mumbai and NCR have lagged because there is a lot of supply and it is taking time and I do not think the flats are cheap enough. The builders are still making money and in Maharashtra they are also waiting for the FSI to be increased, in which case the builders will make even more money and more people will be crammed into the same space. We are obviously seeing some traction in good quality second tier town builders and of course the big names like DLF and all are doing fine. It is a proxy for growth in India as more and more people buy homes, people are going to come into all the real estate companies. There are lots of big ones, it is a big component of the index and therefore the sector is enjoying itself.

“The IT and chemical sectors offer attractive risk-reward prospects. A healthy correction in manufacturing, industrial, and PSU stocks presents a solid long-term entry point. In the financial and consumption sectors, selective buying is advisable,” says Sunil Nyati, Managing Director of Swastika Investmart Ltd. In an interview with ETMarkets, Nyati said: “The broader market is demonstrating exceptional performance, primarily attributable to the optimistic outlook for the Indian economy and robust domestic liquidity” Edited excerpts:We saw a steady rise in markets last week with the Nifty50 climbing to 20,000 levels. Do you think the upcoming US Fed meet could play a spoilsport?The market is currently experiencing a robust bullish trend, with the upcoming Federal Open Market Committee (FOMC) meeting poised to be a pivotal global catalyst.

Sandip Sabharwal, asksandipsabharwal.com, says “the way the entire midcap index has moved, speculative stocks have moved more than the sort of established companies, etc so there is definitely froth. We need to be careful what we are buying. There are still opportunities in the midcap, smallcap segment where these companies might do well over the next two, three years.”Let us talk about sugar, the sweetest pocket in the market right now. Since you monitor the sector very closely, is it time to add positions further or would you say wait for a dip perhaps?Sugar has been one sector which has not performed despite a lot of things going well for them, both in terms of the weather disruptions in India and globally, which is going to cut this year's production growth. In some countries, we might actually see declines. We see global sugar prices at multi-year highs.

State securities regulators continue to resist Finra’s efforts to allow brokerages to conduct online supervision of branch offices.

Nasa estimated that the impact would shorten the orbit by about 10 minutes. When astronomers started observing the asteroid several hours after the impact, they found that the orbit had indeed shortened—in fact, Nasa reports a reduction of about 32 minutes, to about 11 hours and 23 minutes. As you might expect, that number is not precise—these rocks are 11 million km away, after all.

Ex-Carlyle Australia boss Simon Moore’s private equity firm Colinton Partners has set the wheels in motion for what could be a $350 million exit at its cleaning services business Dimeo.

₹5.5 trillion. But this hasn’t bothered Rohit Verma, a tech professional in his mid-50s with a big consulting firm, much. “A 10% plus correction after such a stupendous rally in Smids isn’t abnormal.

Carrie Underwood has extended her Las Vegas residency into 2024. The singer announced the new residency dates on her Instagram on September 13, 2023. Here's what we know. Carrie Underwood said on Instagram, «Big news for 2024!!! I’m so excited to share that #REFLECTION will be continuing at @resortsworldtheatre next year beginning in March! We love performing this show for everyone visiting from all over the world, and if you haven’t seen it yet, come see us!” the star continued, before pointing fans to where they can get tickets.»

Bloomberg Intelligence. Each day, QQQY plans to sell at- or slightly in-the-money puts tied to the Nasdaq 100 with an expiration of 24 hours. From the fund’s point of view, these amount to bullish bets on the index.

NEW DELHI : The Sensex scaled a record high of 67771.05 on Thursday, breaching its earlier peak of 67619.17 seen in July as markets continued their northward journey despite volatility on F&O expiry day. The Nifty too scaled a fresh high of 20167.65 before closing at a record high of 20103.10 up 0.16%. Sensex ended the day at 67519 with slight gains of 0.08% amidst weak global cues.

NEW DELHI : The government is set to push for a better Logistics Performance Index (LPI) with plans to brief the World Bank about recent reforms and measures taken to improve logistics efficiency through schemes such as PM Gati Shaki, an official said on Thursday. Special secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said there was a need for greater emphasis on an objective methodology for LPI scoring whereas the World Bank’s methodology was based on perception surveys. India aims to break into the top 25 countries in the index ranking by 2030.

Great Resignation. Great Reshuffle. Great Renegotiation.

NYU Langone Health has pushed the boundaries of science and kindled hope for animal-human transplants, offering a potential solution to the nation's critical organ shortage. In a first-of-its-kind endeavor, a pig's genetically modified kidney was successfully transplanted into a brain-dead human donor, Maurice “Mo” Miller, marking the longest duration a pig kidney has functioned inside a human, albeit in a deceased individual. The experiment has garnered global attention, raising optimism for future xenotransplantation efforts.

Many who aren’t crypto industry insiders may view “Bitcoin” and “crypto” as basically synonymous. While members of the traditional finance industry know that there’s much more to crypto than Bitcoin, they also know that Bitcoin’s performance and health serve as a bellwether for the acceptance and growth of the overall crypto industry. 

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