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Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,075-24,200 and and a strong buy zone at 23,850-24,000 levels on Friday, April 25. For the Nifty Bank, Singhvi expects support at 54,800-55,000 levels and a strong buy zone at 54,475-54,675 levels. Read on to learn about the market wizard’s views for the…
Indian equities are poised for a firm start on Friday, April 25, as GIFT Nifty futures trade 130 points higher, mirroring strong overnight cues from the US and upbeat action across Asian markets. The sentiment is also buoyed by a significant reduction in FII net short positions and a sharp recovery in the rupee….
Asian markets in Friday’s trade tracking stupendous gains on Wall Street during the overnight session traded higher. The key MSCI Asia Pacific ex Japan index traded higher by 0.11 per cent at 569.53. Investors’ sentiment, meanwhile, remained cautious as they sought progress in global trade war situation. Asian markets performance As of the last count, Japan’s…
The Pune-headquartered company reported a net profit of Rs 315.32 crore in the year-ago period. Its revenues grew 25.2 per cent to Rs 3,242 crore from Rs 2,591 crore in the year-ago period, while operating profit margin expanded to 15.6 per cent from 14.5 per cent in the year-ago period. Its Chief Financial Officer Vinit…
In the quarter ended March 31, 2024, the company’s workforce shrank by 1,757 employees. This decline comes amid a challenging business environment and cautious hiring strategies. Despite the quarterly fall, Tech Mahindra added 3,276 employees on a year-on-year basis, marking a 2.3 per cent increase. By the end of FY25, the company’s total headcount stood…
Pakistani actor Fawad Khan’s starrer ‘Abir Gulal’ will not be allowed to release in India in the wake of the Pahalgam terror attack, I&B Ministry (Information and Broadcasting) sources said on Thursday. The action comes in the wake of boycott calls for the film, which was Fawad Khan’s comeback vehicle in Hindi films. The film,…
India is emerging as a global clean energy leader, surpassing major economies in renewable capacity growth and investment. It is fully committed to building a cleaner, greener planet. India was the first among G20 nations to meet Paris Agreement commitments on green energy. While India continues to strengthen existing solutions, it also focuses on embracing…
Drug firm Laurus Labs on Thursday said its consolidated profit increased three-fold to Rs 234 crore for the March quarter, driven by strong sales. The Hyderabad-based company reported a net profit of Rs 76 crore for the same quarter of FY24. Revenue increased to Rs 1,720 crore for the fourth quarter as compared with Rs…
2025 MG Hector Launched: JSW MG Motor India on Thursday, April 24, announced that the Hector, India’s first Internet car, is now certified for E20 fuel (20% Ethanol blended) petrol. The E20 material compatible Hector will be available in 1.5 L Petrol MT and CVT variants. The company said this step aligns with the Government…
The NTPC Green Energy Ltd (NGEL) board will next week consider a proposal to raise up to Rs 5,000 crore through issuance of bonds in one or more tranches in fiscal 2025-26. NGEL is an umbrella company for the green business initiatives of state-owned power giant NTPC. The board meeting is scheduled for April 29,…
