Tata Steel (TSL) has unveiled a comprehensive restructuring plan for its UK operations (TSUK) with a dual focus on ensuring business continuity and enhancing sustainability. The key highlights include: Replacement of existing blast furnaces with a state-of-the-art 3 million ton per annum Electric Arc Furnace (EAF); Securing 40% of the £1.25 billion investment through grants […]
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Stocks to watch: Wipro, Vedanta, OMCs, Vakrangee and KECStocks to watch: Wipro, Vedanta, OMCs, Vakrangee and KEC
Here is a quick look at all the top stocks to watch in trade today Wipro: Wipro Holdings (UK) has transferred 100% stake in Wipro 4C NV to Wipro IT Services UK Societas, effective September 12, 2023. The transaction has been undertaken with the intention to rationalize and simplify the overall group structure. Vedanta: London-headquartered […]
Nifty rally breaks away from 18-month long bear market; RBI may cut rates later this yearNifty rally breaks away from 18-month long bear market; RBI may cut rates later this year
Nifty has witnessed a strong rebound in the last couple of months, from a bottom of ~17,000 to a peak of ~18,400. This rally must have come as a massive relief for investors who had been reeling under a bear market for a good 17-18 months. The key questions to ask at this juncture are: […]
Inflation impact seen muted even as crude oil touches $90Inflation impact seen muted even as crude oil touches $90
By Priyansh Verma and Manish Gupta The Brent crude oil price, which had topped $90 a barrel (bbl) on Tuesday, is expected to stay at similar levels in the near-term, according to experts. However, they don’t expect this to have any significant impact on domestic inflationary pressures, given the slim chances of any pass-through of […]
Apple WWDC 2023: People gather to have a look at Gen-Z products! Vision Pro AR headset steals the show – See PhotosApple WWDC 2023: People gather to have a look at Gen-Z products! Vision Pro AR headset steals the show – See Photos
1/10 Apple is back ladies and gentlemen, and this time with the products that are being hailed quite revolutionary. Apple hosted the Worldwide Developers Conference (WWDC) 2023 on June 5, 2023. The Conference was live-streamed on Apple’s official website and on it’s YouTube channel. They launched a range of new products including 15-inch MacBook Air, […]
Nifty to undergo consolidation in 18500-18000 range; Bank Nifty near overbought zone, gained 12% in 7 weeksNifty to undergo consolidation in 18500-18000 range; Bank Nifty near overbought zone, gained 12% in 7 weeks
By Dharmesh Shah The equity benchmark endured its northbound journey despite muted global cues. The Nifty gained 1.4% to settle the week at 18315. Broader market performed in tandem with the benchmark as Nifty midcap, small cap gained ~1%, each. Sectorally, auto, financials, consumption remained at the forefront while metal, pharma, PSU bank relatively underperformed. […]
IDFC First Bank, Manappuram Finance, Oil India among 116 stocks that hit 52-week highs; 15 touch 52-week lowsIDFC First Bank, Manappuram Finance, Oil India among 116 stocks that hit 52-week highs; 15 touch 52-week lows
Benchmark indices NSE Nifty 50 and BSE Sensex were trading in the red zone on Thursday. The NSE Nifty 50 plunged 104.95 points or 0.54% to 19,360.05 and BSE Sensex tanked 357.58 points or 0.55% to 65,181.84. In sectoral indices, Bank Nifty plunged 0.23%, Nifty Auto fell 0.40%, Nifty IT tumbled 0.39%, Nifty FMCG tanked […]
Wall Street Week Ahead-Investor hopes for US soft landing ride on inflation dataWall Street Week Ahead-Investor hopes for US soft landing ride on inflation data
U.S. stock investors are turning their focus to next week’s inflation data, which could determine the near-term path of an equity rally that has wobbled in recent weeks.Signs the U.S. economy is on track for a so-called soft landing, where the Federal Reserve is able to bring down inflation without badly damaging growth, have helped […]
Is JN. 1 sub-strain or coronavirus a variant of concern now? What experts say on next phase of diseaseIs JN. 1 sub-strain or coronavirus a variant of concern now? What experts say on next phase of disease
The cases of the new JN.1 sub-variant of Omnicron has been rapidly increasing in several states. There are around more than 190 active cases of the new sub-variant in the country. The World Health Organisation had declared the JN. 1 sub-variant as a Variant of Interest. According to a report by Deccan Herald, the new […]
ICC TV rights: Disney Star in a fix over $1.5-bn deal with ZeeICC TV rights: Disney Star in a fix over $1.5-bn deal with Zee
Disney Star, which had sub-licensed television rights for the 2024-27 ICC tournaments to Zee for $1.5 billion in August 2022, may now have to broadcast the events on its channels, in the absence of a closure of the deal, top media sources have told FE. Persons in the know say Zee has not sold sponsorships […]