08 Apr , 2024 By : Debdeep Gupta
Here is a collection of the most important stories this morning:
Nifty hits new all-time high, Sensex rises 400 points; Q4 earnings, domestic flows to guide market
The Nifty touched a fresh all-time high of 22,621.65 on April 8 morning on positive global cues. The Sensex, too, was hovering close to its all-time high. Buying was seen in realty and metal stocks in the morning deals. OMCs also gained as crude prices eased below $90 a barrel.
Thierry Delaported: A litmus test for Wipro and Rishad Premji
A CEO change is one of the most unsettling moves for any company, but for software services major Wipro, it had increasingly become the consensus among analysts that change was around the corner.
Vodafone Idea is yet to firm up its fund-raising plans, but D-Street bulls already appear to be betting that Indus Towers will be a bigger beneficiary than Vodafone itself. The stock was a hot favorite of mutual funds in February. Among ultra HNIs, Silent Investor and the Sheikh from the late Big Bull’s inner circle have a sizeable exposure to the stock.
Voltas shares hit new 52-week high, locked in upper circuit on record AC sales
Voltas sold 2 million AC units during the fiscal year 2023-24, which is the highest-ever sale of ACs by any brand in a financial year in India. The sales indicated a volume growth of 35 percent in the AC segment, the company said in a business update.
Byju’s’ Aakash selects former Pearson India MD Deepak Mehrotra as CEO
Byju’s-owned test prep firm Aakash is set to appoint former Pearson India managing director Deepak Mehrotra as the chief executive officer
Exclusive: Decision to step down voluntary, search committee set up to choose new CEO, says Bandhan Bank’s Ghosh
Chandra Shekhar Ghosh, managing director and chief executive officer of Kolkata-based Bandhan Bank, said his decision to step down from executive positions after his tenure comes to an end in July 2024 is voluntary, and the bank has already begun the search for a new CEO. “Let me make it clear that this is a voluntary decision. I have been thinking of retirement for nearly a year and have taken a call now,” Ghosh said.
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