For the quarter ended March 2018, Ultratech reported net profits of Rs.488 crore, slightly lower than street expectations. Even as its domestic sales volumes grew by 32%, there was pressure coming from higher input costs. The good news for Ultratech could Read more [...]

The Nifty was strong on Monday despite weak cues from the global markets and the SGX Nifty. However, it did face resistance at levels of 10,600 and closed below that level as technology stocks gave away their gains from higher levels. The sharp Read more [...]

A full 50 years after its inception TCS touched a market cap of $100 billion. Both Reliance and HDFC Bank are also within striking distance of the mark. TCS saw a sharp rally after the Q4 results saw the company 4.5% growth in profits and stable margins. Read more [...]

While the Nifty still closed above the 10,550 mark, the focus will largely shift to the F&O expiry during the week. We expect volatility during the week and the Nifty may attempt to scale 10,600 during the week. In the tech space, we feel that Read more [...]

SEBI has indicated that it could seek a forensic audit in the ICICI Bank conflict of interest case, with respect to the loans given to Videocon. This will also cover the disclosures made by Chanda Kocchar at the time of taking over as the CEO of the company Read more [...]

The former SEBI chairman has some serious reservations about the way boards function in India. In the aftermath of the ICICI conflict of interest case, Damodaran has been quite vocal about the role that directors of the board play in such exceptional Read more [...]

The latest data put out by the Association of Mutual Funds of India (AMFI) on mutual fund SIPs is quite encouraging. There has been a sharp 53% growth in total SIPs in fiscal 2018 compared to fiscal 2017. What explains this huge traction on SIPs especially Read more [...]

The preliminary monsoon forecast for the year 2018 was put out by the Indian Meteorological Department (IMD) during the week at 97% of the long term average (LTA). By definition this is classified as a normal year. The IMD defines normal monsoons as the Read more [...]