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Among sectors, oil gas index up 5 percent, Power index up 3 percent, and Capital Goods index up 2 percent

According to estimates, net profit is expected to jump over 30 percent on-year basis to Rs 3324.3 crore. Revenue is expected to grow 20 percent YoY.

“This is not the Economic Survey of India prepared by the Department of Economic Affairs. That will come before the full budget after the general elections,” the finance ministry said three days before the interim Budget for 2024-25 is tabled in Parliament.

The other order is for comprehensive OM (operation and maintenance) Service of 3×660 MW Ghattampur Thermal Power Project for an amount of Rs 263.57 crore, it stated.

“Technically 21,750 is a strong resistance for Nifty around which we expect the current rally to cool off. Supports are placed at 21,137 and 20,870 on the downside,” said Rahul Sharma of JM Financial Services.

Many feared that artificial intelligence would kill jobs. But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology.

The RIL stock gained after Bloomberg reported that Walt Disney’s India unit faces a significant erosion in valuation, possibly half, in the run-up to its proposed merger with Mukesh Ambani’s media business

Analysts had anticipated net profit is around Rs 3,303.80 crore, down around 70 percent QoQ, with a YoY increase of about 30 percent.

A joint statement on Monday said the investment will help BluSmart in expanding its EV (Electric Vehicle) charging infrastructure across the country.

Tata Technologies registered 14.7 percent year-on-year growth in consolidated profit at Rs 170.22 crore for the quarter ended December FY24.