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“The kind of order book and deal wins that the IT companies have, the revenue growth would continue to remain strong. So that is one sector which will remain an outperformer in the coming year as well. Top down, we like Infosys as our best preferred pick within the IT space. Among midcaps we like Mphasis and Zensar.”

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The move marks the beginning in the series of actions by the company to deliver on its goal of becoming “Net Zero Carbon by 2050 or sooner” and “using 2.5 GW of Round the Clock (RTC) Renewable Energy for its operations by 2030.

Current account deficit touches nine year high

Updated at : 2022-04-01 07:20:03

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The current account- sum of India’s exports and imports of goods and services- ended in a deficit of deficit at $ 23.0 billion (2.7 per cent of GDP) touched a nine- year high since the current account deficit (CAD) touched $31 billion in during the December quarter of 2012 according to the preliminary numbers released by the Reserve Bank of India.

Unity SFB pays PMC depositors Rs 3,800 crore

Updated at : 2022-04-01 07:20:03

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“Unity SFB received from DICGC a certified list of erstwhile PMC Bank depositors who are eligible to receive up to Rs5 lakh of their deposits, post banking hours today,” Jaspal Bindra, executive chairman, Centrum Group told ET.

Gold declines Rs 117; silver tumbles Rs 693

Updated at : 2022-04-01 01:20:03

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In the international market, gold traded lower at USD 1,926 per ounce and silver was flat at USD 24.77 per ounce.

The year 2020 saw the rise of Decentralised Finance (Defi), a fantastic new crypto industry that grew to prominence. While staking, yield farming, Defi, NFTs are the recent buzz words. However, there is also a notable risk involved in the newfound world of blockchain.

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Any difference between the acquisition cost and fair value arrived as above shall be immediately recognized in the Profit and Loss Account, RBI said.

In another transaction, Visaka India EIF I Fund bought 2 lakh shares of Mangalam Global at Rs 199 per share. It was not clear who bought those shares.

Ruchi Soya fixes FPO issue price at Rs 650 per share

Updated at : 2022-03-31 21:20:04

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The FPO closed on March 28 and the withdrawal window was open for two days till March 30 as per the Sebi directive.

Yatharth Hospital & Trauma Care files for IPO

Updated at : 2022-03-31 20:30:02

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The company may consider a pre-IPO placement aggregating up to Rs 122 crore before the filing of the Red Herring Prospectus with the ROC.

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