Wipro reported a 0.4 percent and a seven percent drop in its net profit on a YoY basis for March ending and for FY23, respectively. IT major Wipro approved the buyback of 26,96,62,921 shares at a face value of rupees two each, subject to the company’s shareholders’ approval. This represents 4.9 percent of the total number […]
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Price reduction in the Fast Moving Consumer Goods (FMCG) industry is set to boost the prevailing weak retail demand. Consumers of FMCG are set to reap the benefits of the ongoing price war in the industry with the Reliance Industry Limited (RIL) setting shop in the sector. Experts say that with increased competition consumers can […]
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JN Planetarium in the city pulled no stops to observe the phenomenon. A tall stick placed at the centre of a platform was the centre of attention. Everyone was gathered around it and watched it with bated breath. As the sun moved across the horizon, the shadow of the stick kept getting shorter and shorter […]
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While approving credit, experts say that banks can make use of Artificial Intelligence (AI) to analyze and reduce NPAs. Experts warn that there might be an increase in delinquency following the recent approval of credit through United Payments Interface (UPI) by banks. The credit delinquency rate in the Indian market is already higher than in […]
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Retail investors’ strategy to invest long-term prevented them from selling their investments during the financial turmoil Despite bank failures and financial turmoil in March this year, retail investors avoided significant losses as the Indian equity market experienced an eight percent decline in volatility (VIX), protecting investors’ investments, unlike previous crises. India equity markets were expected […]
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For home loan borrowers who availed loans in the last two years, experts say that the impact will be serious. The increase in the cost of borrowing has not prevented people from securing their dream homes by availing housing loans from banks. Despite the increase in interest rate and the Equated Monthly Installments (EMIs) on […]
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The RBI governor said if the situation warrants the RBI will not hesitate to change the current stance. The borrowing costs that have been on the rise since 2022 are expected to moderate after the repo rate remained unchanged. Experts say that with the benchmark rate unchanged at 6.5 percent, the cost of borrowing will […]
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The shortage of laborers in the construction sector is causing a toll on the industry’s profitability. Construction works are getting delayed and are happening at an increased cost due to a shortage of laborers in the construction sector. The labor shortage in the industry remains significant in the country and has not reduced post-COVID. K […]
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Experts warn that viewers might shift to watching races through illegal streaming sites due to high subscription costs. After experiencing the fall of Mercedes and Redbull’s dominance for the past two years, Indian Formula 1 (F1) fans fear being left out this season because of the high-pricing strategy by F1 TV. F1 fans are hesitant […]
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People are not opting for neo-banking services due to misconceptions and lack of awareness. Potential neo-banking users prefer not to use the service over the increasing risk of fraudulent transactions and misconceptions about lack of regulation for the industry. Users are hesitant to use the service, even though this means they will never have to […]
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