Show Financial News

Wipro surged 13 percent in intra-day deals today to hit a fresh 52-week high of ₹526.45 as the company's December quarter earnings beat estimates even though it reported a decline in its net profit for the December quarter (Q3FY24). This also comes after the company's American Depository Receipts (ADRs) surged almost 18 percent to hit a near-20-month high of $6.35 after the company reported its results on January 12. Wipro's net profit fell 12 percent year-on-year (YoY) and 1.2 percent sequentially to ₹2,694 crore.

Gold prices climbed for a third straight session on Monday, as bullion held onto safe-haven gains from elevated tensions in the Middle East and after U.S. producer prices data last week renewed bets for an early rate cut by the Federal Reserve. FUNDAMENTALS * Spot gold was up 0.3% at $2,054.73 per ounce, as of 0228 GMT, after marking its biggest daily gain since Dec. 12 on Friday. * U.S.

India’s latest inflation and industrial production numbers released last week have been a mild let-down. Retail inflation in December climbed to a four-month high of nearly 5.7% on-year, up from almost 5.6% in November, while industrial output growth slumped to an eight-month low of 2.4% on-year in November from 11.7% in October.

Every budget poses a dilemma for the government. If Hamlet’s question was “to do or not to do," the one before every elected administration is how far it should throw caution to the winds on populism. Should it take the ‘apres moi le deluge’ (after me the deluge) approach of Louis XV of France, spend its way to popularity and election victory? Or should it take a long-term view and do what is eventually best for the country? Economists call this the ‘time inconsistency’ problem.

Hamas aired video on Sunday showing three Israeli hostages it is holding in Gaza urging their government to stop the offensive against the Palestinian Islamist group and bring about their release, as both sides marked the 100th day of the war. The 37-second video of Noa Argamani, 26, Yossi Sharabi, 53, and Itay Svirsky, 38, ended with the chyron: «Tomorrow we will inform you of their fate.»

₹67,000 crore in calendar year 2023, a 221% jump from the year before. In 2022, creditors had realized about ₹20,860 crore by initiating bankruptcy action under IBC, a senior government official said.

BERLIN (Reuters) — Farmers and their tractors rumbled towards Berlin from every corner of Germany on Sunday ahead of a giant protest demanding a rethink of plans to tax farmers more.

(Reuters) — Actress Joyce Randolph, who played the peppy working-class Brooklyn housewife Trixie on «The Honeymooners» and was the last surviving cast member of the seminal 1950s sitcom starring Jackie Gleason, died on Saturday at her Manhattan home, her family told multiple media. She was 99.

REITs and InvITs have gained popularity as preferred investment options, with fundraising, through the route, surging 10-fold year-on-year to ₹11,474 crore in 2023, supported by measures taken by regulator Sebi and attractive returns offered by the instruments. Going ahead, fund mobilisation by REITs (real estate investment trusts) and InvITs (infrastructure investment trusts) is poised for significant growth in 2024, driven by several key factors, including anticipation of rate cuts and introduction of a range of policies aimed at encouraging investments like tax incentives and relaxed investment norms, Claravest Technologies co-founder Manaki Parulekar said. «This year, we are likely to see interest rates decrease in the first half of 2024 due to the expected drop in inflation. These conditions are favourable for investors who are looking to invest in long-term opportunities, such as REITs and InvITs,» he added. According to data compiled by Prime Database.com, REITs and InvITs collectively raised ₹11,474 crore in 2023 compared to a record low amount of ₹1,166 crore clocked in 2022. Before that, funds to the tune of ₹17,641 crore were collected through the route in 2021 and ₹29,715 crore in 2020, the data showed. REITs and InvITs are new concepts in the Indian market but have been a popular choice globally for their lucrative returns and capital appreciation. A REIT is made up of a portfolio of commercial real estate assets, the majority of which are already leased out, and InvITs consist of a portfolio of infrastructure assets like highways. Overall, InvITs and REITs have seen tremendous growth.

Advertisement spending on connected TV (CTV) is projected to touch $500 million by 2027 as the consumption of streaming content increases due to the affordability of internet-enabled TV sets and wired broadband subscriptions, a senior industry executive has said. «Ad spend on CTV is likely to grow at a rapid pace to touch $500 million by 2027,» said Siddharth Dabhade, South Asia managing director of global marketing intelligence firm MiQ. Previously, GroupM had projected that the CTV ad spend would be $395 million by 2027.

pran pratishtha, or consecration ceremony, is being seen as yet another tentpole event that could lead to a near fivefold jump in viewership compared to a regular day. “The Ram temple inauguration stands as a key attraction for the Hindi belt audience, making it increasingly significant for Hindi news channels to cover updates on the happenings in Ayodhya.

Goldman Sachs report, 'Affluent India', released last week, Indians earning more than $10,000 annually will number 100 million in the next three years, from its current 60 million. In absolute numbers, we are looking at a nation that is rich, if not yet a rich nation. India's consumption growth at either end of its income spectrum is diverging even after the wealth redistribution effects of the pandemic recede.

(Reuters) — Donald Trump should not be forced to testify as to his own guilt or face strict warnings about crossing red lines in his remarks should the former U.S. president choose to testify in a defamation trial set to begin this week, his legal team argued on Sunday.

Daredevil: Born Again," the first solo outing for Charlie Cox’s Daredevil in the MCU, has fans eagerly anticipating its release on Disney+. Here's a breakdown of all the key details surrounding the show.

(Reuters) -A volcano erupted in southwest Iceland on Sunday, with molten lava flows reaching the outskirts of a small fishing town by midafternoon, setting some houses alight, although the town was evacuated earlier and no people were in danger, authorities said.

₹35 lakh in metropolitan centres (with a population of 1 million and above) and up to ₹25 lakh in other centres… provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹45 lakh and ₹30 lakh, respectively." The remaining home loans are non-priority home loans. Second, home loans in India are given by commercial banks and housing finance companies. As per the National Housing Bank’s Report on Trend and Progress of Housing in India 2022, as of March 2022, of the total outstanding home loans of ₹25.11 trillion, 68% were distributed by banks and the remaining 32% by housing finance companies.

By Estelle Shirbon

Law and Order has been a stalwart in NBC's lineup, with a remarkable 20-year run before its resurgence in 2022 with Season 21. The brainchild of Dick Wolf, this legal drama has not only made a triumphant return but has also birthed six spin-off series, adding layers to its expansive narrative. The upcoming season, alongside new spin-offs, is set to continue this legacy.

Earnings season is set to kick off with results from some of America's biggest banks, including JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) — due tomorrow before the market opens.

Milind Deora ended his “family's 55 year relationship with the party" on Sunday before joining the Shiv Sena. Reports quoting sources indicate that several supporters within the party are also likely to follow Deora to the ruling Shiv Sena. The former South Mumbai Lok Sabha MP joined the ruling party during a function in Varsha, the official residence of the chief minister, in the afternoon.

China’s gross domestic product expanded 5.2% for the entirety of last year, even as the economy probably lost some steam in the fourth quarter. Retail sales and industrial output are also seen growing in December from a year earlier against a low base of comparison — in late 2022, the country was dealing with a massive Covid-19 outbreak. The start of the year has brought mixed news.