The Supreme Court's registry recently rejected an application by the central government, seeking to modify a 2012 order to allow for administrative allocation of spectrum in select cases where using the auction route is not technically feasible.The application, in the nature of clarification, in effect, seeks review of the judgment of February 2, 2012, after lapse of over 12 long years.

Mid-cap information technology (IT) company Birlasoft said a “perfect storm” of uncertainty has made it difficult for both the industry as a whole and the company itself to reasonably forecast growth outlook.The combined effect of economic uncertainty, varying GDP growth rates across nations, and geopolitical conflicts have created an unpredictable demand environment.

KPIT Technologies Q4 Results: KPIT Technologies announced their Q4 results on 29 Apr, 2024, showcasing a strong performance. The company reported a 29.53% year-on-year increase in revenue, reaching impressive figures. The profit also saw a significant rise of 47.27% year-on-year, reflecting the company's effective cost management strategies and operational efficiency.

The stock is up by 61 percent from its 52-week low of Rs 42.59 per share and gave multibagger returns of over 200 per cent in 3 years. Shares of Orissa Bengal Carrier Ltd surged 10.42 percent to Rs 68.65 per share from its previous closing of Rs 62.17. The stock’s 52-week high is Rs 79.44 and its 52-week low is Rs 42.59. The shares of the company saw a spurt in volume by more than 5 times on BSE.

ICICI Pru Child Care Fund-Gift Plan, which qualifies as a solutions oriented mutual fund that serves a specific financial goal of funding children's education, has given top returns in this category. A Rs 10,000 per month SIP (systematic investment plan) would translate into an investment of Rs 27.20 lakh since inception and would be worth Rs 1.90 crore as of today.

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market. As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn.

Reported Consolidated quarterly numbers for Sona BLW Precision Forgings are: Net Sales at Rs 885.27 crore in March 2024 up 18.98% from Rs. 744.02 crore in March 2023. Quarterly Net Profit at Rs. 148.68 crore in March 2024 up 24.1% from Rs. 119.81 crore in March 2023. EBITDA stands at Rs. 255.59 crore in March 2024 up 24.13% from Rs. 205.90 crore in March 2023.

The price of bitcoin dropped 5% on Tuesday, sending the cryptocurrency to test the key psychological level of $60,000.The decline on Tuesday follows a weeks-long decline that started in mid-March, when the price of bitcoin was trading just below $75,000, a record all-time high .But bitcoin is on the verge of experiencing a double whammy as it breaks below a key technical support level.

Muthoot Capital Services on Wednesday said it has raised Rs 40 crore through the issue of commercial papers. "The Company has issued Commercial Paper (CP) amounting to Rs 40 crore on 30th April 2024, in accordance with the guidelines issued by Reserve Bank of India," Muthoot Capital Services said in a BSE filing. The commercial papers will have a tenure of 122 days.

Anand Rathi Share and Stock Brokers Ltd has cut Mastek Ltd stock target price to Rs 3,320 from Rs 3,630 following lacklustre Q4 FY24 financial results. However, the brokerage reaffirmed its 'Buy' rating on the stock, anticipating a rebound in revenue in FY25.The brokerage expects Mastek to overcome the setbacks in its US business during Q1 FY25.

SEBI's recent move to reduce the face value of corporate bonds has received praise from Nithin Kamath, the Co-founder of Zerodha, who believes that bonds, rather than stocks, are the right stepping stone for most Indians as they give better returns than fixed deposits with lower risk than stocks. Kamath had earlier spoke out against non-availability of bonds to retail investors.

Share market in April: Indian stock market benchmarks, the Nifty 50 and the Sensex extended their gains into the third consecutive month in April, rising over a per cent each. Midcap and Smallcap indices saw robust gains last month. The BSE Midcap index rose 7 per cent while the BSE Smallcap index jumped 10 per cent in April. Sensex hit its fresh record high of 75,124.28 on April 9.

Indiabulls Constructions, a wholly-owned subsidiary of Indiabulls Real Estate, has completed the acquisition of 100% stake, on a fully diluted basis, of Sky Forest Projects (SFPPL), which owns a residential project-Sky Forest, situated in Lowel Parel, Mumbai from certain entities controlled by funds managed by Blackstone Inc., for an enterprise value of approximately Rs 646.71 crore.

Reported Standalone quarterly numbers for Oxford Industries are: Net Sales at Rs 0.89 crore in March 2024 up 201.01% from Rs. 0.30 crore in March 2023. Quarterly Net Loss at Rs. 0.01 crore in March 2024 down 140.08% from Rs. 0.02 crore in March 2023. EBITDA stands negative at Rs. 0.01 crore in March 2024 down 150% from Rs. 0.02 crore in March 2023.

Gold prices on Wednesday (May 1) tumbled to their lowest level in almost four weeks as investors eagerly awaited the outcome of the US Federal Reserve's policy decision. Spot gold slipped by 0.1% to $2,284.44 per ounce as of 0436 GMT, marking its lowest point since April 5, according to news agency Reuters. This decline follows a 2% drop on Tuesday, triggered by a surge in the dollar.