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The massive software upgrade of Ethereum, known as the “the Merge,” won’t happen in June 2022, according to Ethereum developer Tim Beiko. On April 11, Beiko tweeted that “the Merge” won’t happen in June. He followed up with another tweet on April 12, saying it would take a few more months.

Power sectors have been buzzing thanks to front runners like Tata Power and Adani Power. Parekh anticipates a brief profit booking in both the counters, a gateway for fresh entry into the counters.

“Shriram Transport has gone into a sell-on-rallies kind of mode, lower highs and lower lows as a pattern. I would suggest a sell on Shriram Transport, targets to be kept at Rs 1060 and stop loss at Rs 1136. Tata Power is on the verge of breaking below its crucial support and a psychological mark of Rs 250 level as well. I would suggest a sell on Tata Power, targets to be kept at Rs 238, stop loss at Rs 260.”

HDFC Bank has declared 22 dividends since April 20, 2001. Out of these, the company had declared 21 final dividends, and the remaining one was a special dividend.

Mulye, a career banker with three decades of experience behind her, will join her new role on June 1 as CEO designate, Aditya Birla Group announced late Saturday

In the upcoming week, markets will keenly watch the Q4 earnings of India Inc along with the expiry of April series derivatives. On the global front, war crises, crude oil and Covid-19 will be the major factors to watch out for.

"Much as we like to complain about the ugliness and anger that we see on social media, it is exactly those forces that draw users to it, and arguing that Elon Musk will make it worse, misses the point that he symbolizes the strengths and weaknesses of the Twitter platform better than any other person walking the face of the earth," says Damodaran.

The Hyderabad-based tech solutions player reported a 50 per cent rise in the net profit to Rs 154.2 crore for the quarter ended March 31, 2022, compared to a profit of Rs 103.1 crore.

Net interest income rose 21% over last year to Rs 12,605 crore from Rs 10,431 crore. The net interest margin rose at 4%. The gross non-performing asset (NPA) ratio was at 3. 60%, down 136 basis points over the same period last year. The net NPA ratio declined to 0. 76% from 1. 14%. Additions to gross NPAs stood at Rs 4,204 crore while recoveries, upgrades and the sale of bad loans rose to Rs 4,693 crore.

“We anticipate input pressure in the next two quarters and it will be seen across the board – from automobiles to FMCG, consumer durables or even pharmaceuticals. As a result, at least in the next two quarters, there should be a hit on margins and also may be a miss on expectations.”