Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance in nearly 23 years. This has also weighed on the performance of the Indian stock market’s benchmark index, as the IT companies command over 10% weightage. IT stocks witnessed a breather on Wednesday, February 25, in an…
Nifty has seen a bearish breakdown from the rising trendline connecting the higher bottoms of November 2025 and December 2025, along with a close below the 50-EMA. Nifty outlook: The coming session will be crucial, as sustained trading below the 25,900 level could open the door for further downside. Nifty on Thursday fell for…
The acquisition will be executed through a share swap, under which Coforge will issue 93.8 million equity shares at Rs 1,815.91 apiece, implying a non-cash consideration of about Rs 17,032 crore. Encora shareholders will hold about 21.25 percent of Coforge’s post-issue equity capital. “Coforge’s acquisition of Encora will create a $2.5 billion Tech Services…
The Uttar Pradesh government is reportedly in talks with iPhone manufacturer Foxconn to set up a new facility in the Greater Noida region. According to sources, UP government officials and representatives of the Taiwanese company have already held two rounds of meetings at Delhi and Lucknow on the proposed project. The new facility is likely…
RBI lowers repo rate by 25 bps and trims GDP projection for FY26, citing controlled inflation and global trade and policy uncertainties The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has unanimously decided to reduce the repo rate by 25 basis points to 6 per cent, Governor Sanjay Malhotra announced on Wednesday. This marks the second…
This year India will be celebrating the International Women’s Day as a National Event with the theme ‘Viksit Bharat with Nari Shakti’, thereby highlighting the significance and role of women in India’s development. “The government will celebrate International Women’s Day on March 8 as a national event on the theme of Developed India with Nari…