Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Thursday, with GIFT Nifty trading down by 50 or 0.22%. The Indian composite PMI hit a multi-year high and investor sentiment improved globally. Stocks to watch include Kotak Mahindra Bank, Axis Bank, Hindustan Unilever, Mindtree, IHCL, Macrotech Developers, Reliance Industries, TCS, Ask Automotive, RVNL.
Qualcomm has launched new Snapdragon X Plus and Elite ARM-based chips for laptops, aiming to compete with Apple, Intel, and AMD. These chips boast impressive specs and performance, with Qualcomm claiming superiority in terms of performance, power efficiency, and battery life.
IHCL, the operator of Taj brand of hotels, reported a 27.3% rise in consolidated net profit at Rs 418 crore during the fourth quarter, but below estimates. The company’s revenue rose 17.2% to Rs 1,905 crore and Ebitda rose 23.2% to Rs 660 crore. It also recommended a dividend of Rs 1.75 per share. IHCL plans to continue delivering double-digit revenue growth, launch a new hotel
Goodknight’s report shows that 58% of India’s productivity is impacted by mosquito-induced sleep disruptions, posing a significant threat to the country’s economic growth. The estimated economic burden of Rs.16000 crores highlights the severity of mosquito-borne diseases.