Stock markets will be driven by further developments on the US-China tariff war front along with quarterly earnings announcements from IT majors Wipro and Infosys in a holiday-shortened week, analysts said. Global market trends and trading activity of foreign investors would also dictate market movement this week, experts noted. Equity markets would remain closed on Monday for Dr. Baba Saheb Ambedkar Jayanti and on Friday due to Good Friday. “The upcoming week is set to
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Tata Consultancy Services (TCS) Ltd CFO Samir Seksaria, in an exclusive interview with Business Today on Friday, said all major markets of the country’s largest IT exporter posted positive growth. “The company’s margin slipped by 30 basis points in the fourth quarter (Q4 FY25) due to significant investments in merit-based interventions (promotions), which were effective January 1, 2025, taking the total number of promotions to about 1,10,000 in Q4. So, one in six people got a promotion
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12April
Fed’s Kashkari says rising bond yields, falling dollar show investors are moving on from the U.S.
Minneapolis Federal Reserve President Neel Kashkari said Friday that recent market trends show investors are moving away from the U.S. as the safest place to invest while President Donald Trump’s trade war escalates. With Treasury yields rising and the U.S. dollar sagging against its global counterparts in recent days, the trends are running counter to what you might normally see, the central bank official said during a CNBC “Squawk Box” interview. “Normally, when you see big tariff
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PwC has submitted its draft findings to IndusInd Bank following an accounting review of the lender’s derivatives portfolio. The report, commissioned after the bank uncovered discrepancies in the booking of forex derivative transactions, focuses strictly on accounting aspects and does not assign responsibility or delve into the timeline of lapses, two sources told the Economic Times. The accounting review began in October 2024, shortly after IndusInd Bank disclosed issues related to the misstatement of forex
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Shares of Goldiam International, Pokarna, Garware Hi-Tech Films and Pearl Global Industries from the BSE Smallcap index were locked in upper circuit of up to 20 per cent on the BSE in Friday’s intra-day trade on a sharp recovery in the equity markets. Till Wednesday, these stocks had tanked by up to 55 per cent from their respective 52-week highs. Today, the BSE Sensex and Smallcap index have rallied by up to nearly 3 per cent following
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