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Overview of Titan’s Q3 FY25 Performance Titan Company Ltd. delivered an impressive 24% year-on-year (YoY) growth in revenue for the third quarter of FY25, ending December 2024. This strong performance underscores Titan’s resilience and strategic prowess in capturing market demand during key festive and wedding seasons. The company expanded its combined retail network by adding…
Milind Nagnur Resigns as Kotak Bank’s CTO Kotak Mahindra Bank has come into focus following the resignation of its Chief Technology Officer (CTO) and Chief Operating Officer (COO), Milind Nagnur. Citing personal reasons, Nagnur has decided to step down and return to the United States to support his family. His resignation, tendered on January 3,…
Overview of SEBI Findings SEBI has revealed a major market manipulation case involving veteran operator Ketan Parekh. The scam revolved around front-running trades conducted by Tiger Global, a US-based investment firm, in shares of PB Fintech, the parent company of Policy Bazaar. The findings, part of a 188-page SEBI order, show how Parekh collaborated with…
Apple Settles Siri Privacy Lawsuit for $95M Apple has agreed to a $95 million settlement to resolve a class-action lawsuit over privacy violations linked to its virtual assistant, Siri. Users claimed that Siri-enabled devices, including iPhones and Apple Watches, inadvertently recorded private conversations, which were allegedly accessed by third parties without consent. The settlement, pending…
Overview of Avenue Supermarts’ Q3 Update Avenue Supermarts Ltd., the parent company of DMart, witnessed its stock price jump 10% on January 3, 2025, following the release of its business update for the October-December quarter (Q3 FY25). The retailer showcased strong standalone revenue growth, driven by consistent store expansion and steady same-store sales growth (SSSG)….
Overview of Market Sentiment The Indian stock market opened the January F&O series on a positive note, with the Nifty50 and Bank Nifty indices gaining momentum. However, profit booking at higher levels has kept traders cautious. Mixed global cues and a lack of strong domestic triggers have led to a range-bound movement in the indices….
Triumphant Thursday! Sensex Soars to 80,000, Nifty Reclaims 24,200 In a remarkable trading session, the Indian equity markets witnessed a robust rally on January 2, 2025. The Sensex surged past the 80,000 mark for the first time, while the Nifty reclaimed the critical level of 24,200. Bolstered by strong performances in the auto, IT, and…
Reliance Acquires Karkinos Healthcare for ₹375 Crore Reliance Industries Limited (RIL), India’s largest company by market capitalization, has made a significant move into the healthcare sector with the acquisition of Karkinos Healthcare for ₹375 crore. This acquisition, executed through Reliance Strategic Business Ventures Limited (RSBVL), highlights Reliance’s commitment to expanding its portfolio into technology-driven healthcare…
As we commence the trading session on January 2, 2025, the Indian stock markets are poised for a cautious opening, influenced by mixed global cues and domestic indicators. Opening Indications Nifty 50 Analysis Analysts suggest that sustaining above 23,700 could lead the Nifty towards 23,900 and subsequently 24,000, marking critical resistance zones. Moneycontrol Bank Nifty…
Defence Ministry Declares 2025 as the ‘Year of Reforms’ The Defence Ministry has announced 2025 as the ‘Year of Reforms,’ aiming to modernize India’s armed forces and bolster defence capabilities. Defence Minister Rajnath Singh emphasized a strategic focus on emerging domains like cyber, space, Artificial Intelligence (AI), and Machine Learning (ML). The initiative seeks to…