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Stock market today: Infosys shares have been witnessing buying interest since early morning deals on Wednesday. Infosys share price today opened with an upside gap at ₹1,410.80 apiece levels on NSE and went on to hit intraday high of ₹1,419.50 per share levels, logging near 2 per cent rise against its Monday close of ₹1,393.55 per share.

Narendra Modi urged investors in Lok Sabha to bet on public sector bank (PSU) stocks, triggering a rally in the segment on Friday. This move, however, was not an aberration as investors have consistently been rewarded handsomely by investing in these stocks in various time frames.

Tata Consultancy Services’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing sideways momentum.

In fact, sport utility vehicle (SUV) sales were growing exponentially, seemingly attracting buyers of the humble small car — the mainstay of the Indian market since the launch of the Maruti 800 in 1983.Changing preferences Naturally, the mood was different at the headquarters of India’s largest carmaker Maruti Suzuki, which dominates the market on the back of affordable and easy-to-maintain small cars. “A large chunk of Indian consumers started shifting from functionality — which is about things like fuel efficiency — to aspiration, which is about design, performance and image,” said Shashank Srivastava, senior executive officer, marketing and sales, Maruti Suzuki.This didn’t bode well for the brand, whose SUV portfolio was negligible at this point.

Nifty is likely to see a gap-down opening on Wednesday amid weak global cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading lower at around 19,389 level as compared to Nifty futures’ Monday’s close of 19,471.

NEW DELHI : EBay, an online marketplace for buyers and sellers, generates 50% of its revenue from markets outside the US. India, which is classified under emerging markets, has remained an important market for eBay despite the company exiting the market in 2017. In an interview, Vidmay Naini, eBay’s general manager for global emerging markets, which include India and Southeast Asia, spoke about the challenges faced by India’s e-commerce exporters and the role of generative artificial intelligence (AI) in e-commerce ventures.

NEW DELHI : Prime Venture Partners is one of the few venture capital firms that has continued to invest in early-stage startups despite challenges in the past year that saw even larger investors turn cautious. Founded in 2012 by Sanjay Swamy, Shripati Acharya and Amit Somani, the homegrown VC fund (formerly known as AngelPrime) floated its first fund with a corpus of $8 million. The firm is currently deploying its $120 million fourth fund that closed in 2022.

NEW DELHI : Air India Express Ltd is set to sign a code-sharing agreement with Air India Ltd, pull out from all routes requiring business-class capacity, and relocate operational control centres for AirAsia India and Air India Express to a new Gurugram office starting this month, two airline executives said on condition of anonymity. These steps are part of a strategy that includes the merger of AirAsia India and Air India Express, which will operate as Air India’s low-cost unit, offering budget flights on non-trunk routes.

REA Group, owner of Housing.com, PropTiger.com, and Makaan.com, reported a 46% rise in its revenue from India in the financial year ended June 2023, while their Australian business saw a mere 1% uptick. India's share in the group's overall revenue has expanded to 6.7% in FY23 from 4.8% in FY22, REA said in an investor presentation. REA India posted a revenue of Australian $79 million for FY23 ended June against A$54 million in the previous year.

College students heading to campus over the next few weeks will soon be focusing on their reading assignments, essays and exams. Many of their parents, meanwhile, will be tasked with their own homework after dropping their budding scholars off at school – figuring out the most tax-efficient ways to pay the tuition.  

Cape Town: Homegrown automaker Mahindra & Mahindra is looking to tap the 2-million unit market for mid-sized pick-ups with a new global lifestyle pick-up truck that will first be launched in its key existing export markets including South Africa, Australia and New Zealand, Africa, the Middle East and South & Central America, the company announced during its global concept showcase in Cape Town on Tuesday. Mahindra is aspiring to snag a double-digit market share in these countries, where it has a rapidly growing presence, albeit with a single-digit share in the respective markets.

Madhya Pradesh's former chief minister Digvijaya Singh has been given charge of the 66 assembly seats considered safe bets for the BJP, sources said, as the Congress bets on its senior-most leader in the state to breach the ruling party's bastions in upcoming elections. Singh will be responsible for forming the party's strategy to win these seats which include the constituencies of Chief Minister Shivraj Singh Chouhan and several ministers.

investment bankers, private-equity investors and management consultants. “Markets don’t always work perfectly," said Todd Fisher, a former executive at private-equity firm KKR who leads the investment team of the Chips Program Office. “We are trying to correct a dislocation," Fisher said, because “other countries put their thumb on the scale." Presidents have long gone to Wall Street to fill top jobs, with Federal Reserve chairman Jay Powell and former Treasury Secretary Steven Mnuchin among the recent examples.

Dabur India Ltd will continue to expand its portfolio across price points and build on its power brands, said chief executive Mohit Malhotra in an interview. The maker of Vatika shampoo and Hajmola candy reported an 8% rise in rural volumes in the June quarter, far more than the market’s 4% growth. Rural demand has been growing for Dabur, driven by the launch of bridge packs, an expanding distribution network and an overall demand uptick, Malhotra said.

Mahindra & Mahindra on Tuesday said it aims to bolster its presence globally as it unveiled a pickup concept, which it plans to introduce in the international markets. The auto major, which also showcased the electric version of its sports utility vehicle Thar, noted that it plans to sell its Born Electric (BE) products in markets like Europe and the UK. The company said its products are doing well in the domestic market and it is now time to scale up business in overseas geographies. «We are going to go global...We are off course a strong brand in India, we believe our products are able to compete with the best in the world,» M&M Executive Director and CEO (Auto and Farm Sectors) Rajesh Jejurikar said here.

Call it streamflation. The average cost of watching a major ad-free streaming service is going up by nearly 25% in about a year, according to a Wall Street Journal analysis, as entertainment giants bet that customers will either pay up or switch to their cheaper and more-lucrative ad-supported plans. Disney last week raised the price of its Disney+ and Hulu streaming services for the second time since last fall, following a string of similar announcements by the owners of Peacock, Max, Paramount+ and Apple TV+.

It seems Christine Holgate’s turnaround of Team Global Express – after just 2½ years of life under private equity owner Allegro Funds – has caught the attention of cashed-up overseas buyers.

The enforcement division of the Securities and Exchange Commission has issued formal requests, including subpoenas, to a number of investment firms over their sustainable investment advertising practices. This escalation shows the SEC’s heightened scrutiny on environmental, social and governance funds.

Bengaluru's companies said they were willing to hire freshers in the second half of this year — a fall from 75% in the first half — according to a survey by TeamLease Edtech, a division of Bengaluru-based TeamLease Group. The survey attributes this to the decline in hiring in the IT sector. According to data from staffing firm Xpheno, IT services giants are expected to reduce their overall hiring by 40% in fiscal 2024.

Economic Advisory Council to the Prime Minister (EAC-PM), are regulations and restrictions that ensure quality of products and protect human, plant and animal health. These measures are largely used for agriculture or animal-origin products that are directly used for human consumption. The EAC-PM report further clarifies that there exists a thin line between non-tariff measures and non-tariff barriers and that all non-tariff measures cannot act as non-tariff barriers.

Narendra Modi government for India’s economic transformation has paved the way for world-class manufacturing. Production linked incentives (PLIs) have been instrumental in both boosting domestic manufacturing and curtailing a burgeoning trade-deficit in electronics and other manufacturing goods. With an outlay of over ₹2 trillion, the PLI scheme launched in March 2020 began with mobile phones and components, electrical components and medical devices, and was later extended to 14 sectors, including electronics and IT hardware, white goods, drones, telecom, pharmaceuticals, automobiles and auto-components.