The US equity futures inched higher this morning, ahead of quarterly earnings reports from top financial names. Dow Jones Futures, NASDAQ Futures, and the S&P 500 Futures gained up to 0.2 per cent.
Asia-Pacific markets, meanwhile, were mixed this morning, with the S&P 200, Shanghai Composite, and Topix indices advancing up to 0.3 per cent. In contrast, Nikkei 225, Kospi, and Hang Seng indices slipped up to 0.4 per cent.
Infosys: The company delivered a weak performance in Q4 as its profit declined 6.9 per cent on a sequential basis, while revenue dropped 2.3 per cent QoQ. The company missed Bloomberg estimates on both revenue growth and net profit. Bloomberg had estimated revenue to be Rs 38,769 crore and net income to be at Rs 6,612 crore. Further, its weak FY24 guidance has led to rating downgrades by leading brokerages.
Tata Motors: The company on Friday said it will increase prices of its passenger vehicles from May 1 to partially offset the increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model. This will be its second price hike for its PVs after February’s increase.
Max Healthcare: The company completed the acquisition of additional 34,000 shares of Eqova Healthcare for Rs 68.87 crore, taking its shareholding from 26 per cent to 60 per cent.
RIL: Viacom18, a subsidiary of the company, has closed the merger of Reliance Storage with itself and integrated the OTT platform JioCinema. Viacom18 allotted shares to RIL group entities and Bodhi Tree Systems as consideration for the scheme of merger.
HCL Technologies: Anand Birje, head of Digital Business Services, has resigned from the company to pursue another opportunity.
Jindal Stainless: ELM Park Fund has acquired additional 3.45 crore shares or 4.19 per cent stake in the company from the open market. With this, the former’s stake has increased from 2.31 per cent to 6.51 per cent.
Elin Electronics: Board has approved the launch of 16 new products including new fans, motor and Juicer grinders.
Orissa Bengal Carrier: The company has entered into a contract for the transportation of 35,000 tonnes of materials of Jindal Steel & Power Limited.
Sprayking Agro Equipment: It has fixed April 25 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares.
PCBL: The company has commenced commercial production of the first phase (63,000 MT) of the 147,000 MT Greenfield carbon black manufacturing facility in the state of Tamil Nadu.
Ugar Sugar Works: The company has started the operations of 250 KLPD (out of existing 845 KLPD) grain based distillery at Ugar Plant during off-season.