Sunday, April 27
Infosys shares tumbled close to 6% on Friday as the company's muted outlook after its third-quarter results prompted investors to cut their bets."While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock," said Dharmesh Kant, head of research, Cholamandalam Securities. "Given that Infosys was trading at lofty valuations, the profit booking was expected."The stock ended at ₹1,817.50, down 5.8% over the previous trading sessions. The Nifty Information Technology (IT) Index fell 2.7% dragged by the decline in Infosys. Out of the 10 stocks on the Nifty IT, eight declined and two advanced. Wipro shed 2.2% on Friday and TCS shares were down 2%. Tech Mahindra and Persistent Systems fell 1.8% and 1.7%, respectively. LTI Mindtree and
At his seaside office complex in Doha on Wednesday evening, the Qatari prime minister thought he had a deal. Hamas' negotiators, led by a burly former lawmaker, had left the prime minister's office, having given up on an eleventh-hour demand that was the last major obstacle to a ceasefire in the Gaza Strip after 466 days of war. Read More: Israeli security cabinet approves Gaza ceasefire dealReporters had begun to assemble in an auditorium downstairs, expecting to witness the prime minister, Sheikh Mohammed bin Abdulrahman Al Thani, announce that he and other mediators had finally brokered a deal. Two American envoys joined Sheikh Mohammed as he prepared his statement.Suddenly, there was a new problem, according to two people familiar with the negotiations.In a room elsewhere on the sixth
MSCI's global equities index rose on Friday while U.S. Treasury yields turned higher with the dollar as upbeat economic data and earnings appeared to help investors shrug off any jitters ahead of the U.S. presidential inauguration. The U.S. dollar strengthened against major peers after four days of declines, while benchmark U.S. Treasury yields - after a three-session drop - hit a two-week low before reversing course. Federal Reserve data on Friday showed U.S. manufacturing output increased 0.6% last month after an upwardly revised 0.4% rebound in November, likely as production picked up after a factory worker strike ended. Elsewhere, data showed U.S. single-family homebuilding increasing to a 10-month high in December, indicating that construction activity regained some momentum at the en
NEW DELHI: Large companies are roping in dozens of influencers to amplify their brands and messaging at the ongoing Maha Kumbh, forging such collaborations for the first time between a religious event and social-digital influencers.E-commerce platform Amazon has roped in regional and national influencers to post 'experiences' of its box beds for devotees at Kumbh, which it has placed in Prayagraj, while ITC is collaborating with regional Instagram influencers for Bingo snacks.The soaps-to-staples maker is collaborating with influencers popular among audiences in Uttar Pradesh, Bihar and Jharkhand, to create relevant content.Coca-Cola, which is launching 'Maha Kumbh special edition packs' for some of its beverages, putting up hydration carts and food court activation at the mega religious e
