Assembly - Stock market live : Nifty holds 18,600; ITC up 2%, The BSE MidCap

Stock market live on May 30, 2023: The broader markets outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.18 per cent versus nearly flat BSE Sensex index

3:48 PM

ALERT:: Lupin receives USFDA nod for Diazepam Rectal Gel; stock up 1%

Air Fares

3:47 PM

TCS set for 'exciting new journey ', says new CEO & MD K Krithivasan

K Krithivasan, who on Wednesday took over as the CEO and MD of Tata Consultancy Services (TCS), has said he sees an "exciting new journey" for India’s largest IT services firm. 

Despite weak macros, Westlife Foodworld is targeting 40-45 store additions (vs. 35 in FY23) and has guided for a strong 8 per cent SSG in FY24.

3:14 PM

Inflation risks to moderate, growth momentum to sustain: RBI annual report

Government capex increase in recent years expected to spur higher private investment in 2023-24, it says. 

Consumer price index (CPI) based inflation, which averaged 6.7 per cent in 2022-23, may moderate this financial year as risks are likely to ebb with downward corrections in global commodity and food prices and easing of the pass-through from high input cost pressures of last year, said the Reserve Bank of India.

At the same time, India’s growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, the central bank said in its annual report for 2022-23 on Tuesday.

 

The 250-bps hike in policy repo rate between May 2022 and February 2023 would steer the disinflationary process, along with supply side measures to address transient demand-supply mismatch due to food and energy shocks, said the report.

The central bank held rates in its April policy though Governor Shaktikanta Das emphasised that it was a pause and not a pivot, thus retaining the option to tighten the monetary policy further.

3:08 PM

Top 4 IT companies see 40% drop in large client additions in FY23

Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients.
Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients.
Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients.
Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients.
Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients.
Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients.

Photo: Unsplash

2:37 PM

ALERT:: V-Guard Industries Q4 net dips 49%; stock slips 3%

V-Guard Industries Q4 net profit declined 48.9 per cent to Rs 46.33 crore for the quarter ended March 2023 as against Rs 90.60 crore in the year ago period. Total income, however, was up 2.7 per cent YoY at Rs 1,081.97 crore from Rs 1,053.57 crore.

Industry