News Overview

Wipro revealed significant deal bookings for the full fiscal year at $4.6 billion in its fourth quarter earnings for FY24, a 17.4% YoY growth.

The Governor mentioned that input costs and food inflation are still high and could pose risks to upside.

Unchanged Repo Rate supports affordability, confidence in housing market

In our opinion, with growth expected to remain firm, the last phase of dis-inflation towards the 4% target remains arduous and hence the RBI would be willing to bide its time.

Currently, the central bank is keeping an eye on data to determine whether any more actions are required.

While the RBI did maintain rates, the question is whether they had the opportunity to give a pre-emptive boost.

The lenders had previously advocated a collective CIRP in the hopes of receiving a higher price for the three firms.

Normal monsoon this year is critical for easing of food inflation.

Investors with very high risk appetite and want to invest in special situations theme should invest in the Mahindra Manulife Manufacturing Fund for 5 or more years.

The successful bidder will deploy cargo handling equipment within seven months of receiving the letter of acceptance (LOA).