Infosys, a global leader in next-generation digital services and consulting, unveiled its sonic brand identity on August 9, a unique melody that serves to reinforce its core identity and brand purpose of 'amplifying human potential and creating the next opportunity for people, businesses and communities'. Infosys hopes this auditory signal will emotionally connect with their stakeholders.

Sun Pharma continues to enjoy investor love with its stock soaring 11% over the past month. Analysts remain upbeat on the company's strong growth outlook, although some have cautioned about its expensive valuation and rising expenses being a near-term trigger. Providing relief is the lesser-the-expected impact from the import ban, and expected recovery in India for long-term comfort.

The RBI-led MPC is likely to keep interest rates unchanged as they look warily at inflationary pressures due to soaring food prices. Polls show India's retail inflation is expected to hit 6.4%, breaching the upper limit of the RBI's 2-6% band. Global rate hikes and high deposit accretion, following a withdrawal of Rs 2,000 notes, may result in the RBI holding off from any aggression in its stance.

The Indian government will increase the amount of wheat and rice available on the open market by 5 million tonnes and 2.5 million tonnes, respectively, in order to control food inflation caused by Russia's invasion of Ukraine and unseasonal rainfall. They have also reduced the reserve price of rice by Rs 2 per kg and imposed stock limits on wheat for the first time since 2007.

Taj GVK Hotels & Resorts, a joint venture between GVK and Tata's India Hospitality Co., saw their stock prices drop 9.06% on Wednesday after announcing a 17.5% YoY decline in net profit for Q1FY24. Revenue rose 7.1% YoY to Rs 91.6 crore and EBITDA fell 11.4% to Rs 26.2 crore.

​​Analyst sentiment on Bajaj Finance is positive despite its shares being 2% lower over the past one year as they have seen consistent performance. The company has compounded earnings at 34% and sales at 27 % in the last five years and its AUM stood at Rs 2.7 lakh cr as of June 30, 2023. Analysts remain bullish with 'Buy' calls increasing at 24 now compared to 19 a year ago.

WeWork India has clarified that its India business is unaffected by WeWork's bankruptcy risks flagged in the US. The majority shareholder, Embassy Group, backs a profitable business with revenue of Rs 1,400 crore and earnings of Rs 250 crore. Its parent entity said there is “substantial doubt” about its ability to stay in business due to financial losses and large operating expenses.

The Indian government has launched a programme to support indigenously built web browsers to compete with foreign rivals, in line with its "Aatmanirbharta" mission. Financial grants amounting to Rs 3 crore will monitor the development challenge and bring bargaining power to include India's web security certification authority in those such as Google Chrome and Mozilla Firefox trust stores.

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 149.31 points or 0.23% at 65,995.81, and the Nifty was up 61.70 points or 0.32% at 19,632.55. 📊Among sectoral, Nifty Metal (⬆️2.03%) turned out to be the best performer while Nifty Bank (⬇️0.19%) saw considerable selling.

Almost 500 companies have expressed interest in receiving US government subsidies to increase semiconductor production. The White House's “Chips for America” program injects $39 billion into the sector. The Commerce Department is assessing applications and has 140 people writing rules, ensuring China won't gain access.

EID Parry reported a net loss of Rs 45.77 crore in the April-June quarter compared to a profit of Rs 13.14 crore last year. Revenue fell 3% YoY to Rs 710.76 crore, with sugar business down 10%, co-generation down 70% and distillery up 66%. Shares were at Rs 475 at 15.12pm on NSE.

The Relative Strength Index is a powerful tool used by investors to evaluate stock market trends and decide if prices are overbought or oversold. ETMarkets has handpicked 10 stocks with positive RSI readings, offering an insight on their RSI values, past readings and potential implications. Monitoring this crucial indicator allows investors to anticipate price shifts and make informed decisions.

India's emissions intensity rate dropped by a faster-than-expected 33% from 2005 to 2019 due to increases in renewable energy generation and forest cover, thanks to government pushes towards greener alternatives; its rate of reduction in emissions increased to 3%, and efforts are being made to promote green hydrogen with the help of renewable energy.

TVS Supply Chain Solutions, a subsidiary of TVS Mobility Group, has opened its IPO for subscription from August 10-14. Objectives include raising Rs 880 crore to repay debts & for general corporate purposes; Up to 75% is reserved for institutional investors while retail investors have 10%. Maximum investment of upto Rs 9,88,152cr (5,016 shares) by HNIs with a lot size of Rs 14,972 for 76 shares.

Mercedes-Benz has launched the 2nd gen GLC, a compact luxury crossover SUV competing with Volvo XC60, BMW X3, Lexus NX & Audi Q3. Pre-bookings are underway at Rs. 1.5 lakh. The SUV comes with either a petrol or diesel engine, paired with 9G-Tronic automatic transmission & enhanced safety features. Nearly 13,000 units were sold in India last year & 2.6 million worldwide.