The stock market is on fire! Sensex closes above 67,000 and Nifty gains as the dream rally continues. Invest wisely and ride the wave to financial success!
Benchmark stock market indices ended higher on Wednesday, extending their strong run on Dalal Street for the fifth consecutive session. The NSE Nifty 50 and the S&P BSE Sensex both finished with gains of 0.42 and 0.45 percent respectively. This marked the first time ever that the Sensex had closed above the 67,000 mark. Some […]
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Breaking news: Infosys has slashed its FY24 growth guidance by more than half as clients defer decisions and starting dates. This is a major shift in the IT sector, with potential implications for many businesses.
India’s technology services sector has officially hit the slow lane with Infosys cutting its revenue guidance for the financial year by more than half. The company said on Thursday that it expects to grow its revenues between 1%-3.5% in FY24 against 4-7%. The company retain margins between 20%-22% through FY24.Explaining the rationale behind the guidance cut, Salil Parekh, […]
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Asian Development Bank Keeps India’s Growth Forecast Unchanged At 6.4%
Asian Development Bank (ADB), India’s economic growth forecast for the current financial year remains unchanged at 6.4 percent. The ADB also projects a growth rate of 6.7 percent for the following financial year. The bank attributes this positive outlook to robust domestic demand, which is expected to support the region’s recovery. Additionally, the ADB anticipates […]
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