Wipro a #39;bit more#39; optimistic about next fiscal year due to AI on January 18, 2024 at 1:37 am

“Most client conversations are about cost-saving efforts and there is a conversation every time about AI,” Suzanne Dann said in an interview at the World Economic Forum in Davos, Switzerland.

India eyes $100 billion annual foreign direct investment in coming years: IT minister on January 18, 2024 at 1:40 am

“We see 6-8% consistent growth rate over the next full decade, and this is based on a very clearly thought-out strategy. This strategy has four major engines,” Information Technology Minister Ashwini Vaishnaw also told Reuters in an interview at the World Economic Forum in Davos.

Why this analyst sees more correction in HDFC Bank, predicts buying in IT stocks on January 18, 2024 at 1:59 am

Shitij Gandhi of SMC Global is not bearish on Bank Nifty. Bank Nifty could find support near 45,550 zone.

Singapore-Korean partnership to co-invest $20 million in Indian private debt space on January 18, 2024 at 2:10 am

Lighthouse Canton, a Singapore-headquartered global wealth and asset management investment institution, and NH Absolute Return Partners (NHARP), a Singapore-based asset management company of one of Korea#39;s largest securities firms, NH Investment Securities, have signed a memorandum of understanding (MOU) for co-investing in Indian companies.

HDFC Bank shares set to extend fall; ADR tanks another 9% overnight, now down 15% in 2 days on January 18, 2024 at 2:19 am

HDFC Bank#39;s fall came after the lender reported a key miss in net interest margins (NIM) in Q3FY24 due to higher cost of funds

HDFC Bank ADR plummets for 2nd day after quarterly earnings, loses 7.5% on January 17, 2024 at 6:04 pm

HDFC Bank shares on January 17, after a day of earnings announcement, plummeted 8.44 percent to settle at Rs 1,537.50 on the NSE, in the Indian markets.

Have No Fear of the Fed’s $7 Trillion Stash: Bill Dudley on January 17, 2024 at 4:43 pm

Since April 2022, the Fed has been in tightening mode, with its holdings of Treasuries and mortgage-backed securities currently running off at a rate of about $75 billion to $80 billion a month.

Bulk deals: Citi Bank sells nearly Rs 10 crore shares in Grasim Industries, Pricol sees huge buying interest on January 17, 2024 at 3:24 pm

While Minda Corp sold Rs 657.04 crore stake in Pricol, the shares were picked up by entities such as Goldman Sachs India, Aditya Birla Sun Life Insurance, ICICI Prudential Mutual Fund and Tata Mutual Fund

HDFC Bank falls 8.2% in biggest drop since Covid; Bank Nifty loses over 4% on January 17, 2024 at 11:41 am

Bank Nifty closed at a one-month low at 46,064, falling nearly 4.28 percent – its largest drop since March 7, 2022, as HDFC Bank results disappoint. 

Technical View | Nifty forms bearish candle, Bank Nifty remains a worry on January 17, 2024 at 12:04 pm

The options data indicates that 21,500 is expected to be the immediate support for the index and 21,700-21,800 the likely hurdle