PhonePe’s Indus Appstore has launched an AI-powered voice search feature for ten Indian languages, in addition to English. With this feature, users can search for apps in their preferred language, using voice search. This feature is powered by artificial intelligence and machine learning algorithms, ensuring accuracy and precision in understanding diverse accents and speech patterns, and offering relevant search results. As per a joint report by the Internet and Mobile Association of India (IAMAI) and Kantar, 57% of Indian users prefer internet usage via vernacular language.  Indus Appsto ..read more

The Indian arm of UK’s Unilever, Hindustan Unilever, announced on 24 April a 6% year-on-year decline in standalone net profit to Rs 2,406 crore for the fourth quarter of the fiscal year from Rs 2,552 crore in the same period last year. Although revenue from a vital sector—beauty and personal care—declined by 2.7%, Hindustan Unilever’s fourth-quarter sales grew marginally to Rs 14,693 crore.  A final dividend of Rs 24 per share for FY24 was declared by HUL on equity shares having a face value of Rs 1 each.  Earlier, the company had paid out an interim dividend of Rs 18 per share ..read more

The IT services company LTIMindtree revealed its net profit for the March quarter of the 2024 fiscal year on 24 April, which came to Rs 1,100 crore. This marked a 1.2% year-on-year decline and a 5.9% quarter-on-quarter decline on a sequential basis. The company’s total income for the quarter stood at Rs 8,892 crore, marking a 2.3% YoY increase and a 1.4% QoQ decline. The revenue from operations for the fiscal year 2024 stood at Rs 35,517 crore, which is 7.03% higher than the previous fiscal year. Earnings before Interest, tax, depreciation, and amortisation (EBITDA) for the quarter declined by ..read more

The private sector lender, Axis Bank, on 24 April announced its quarterly earnings for January-March along with Interim dividend.  The bank reported a net profit of Rs 7,130 crore for the quarter under review from Rs 5,762 crore net loss reported in the same quarter last year. Last year, the net profit was negatively impacted by the conclusion of Axis Bank’s acquisition of Citi Bank’s India consumer division in the previous fiscal year. The annual net profit of the bank stood at Rs 24,861 crore for the fiscal year 2024 from Rs 9,580 crore recorded during the fiscal year 202 ..read more

The shares of NHPC Ltd, a state-owned company, traded 2% higher when the company signed a Supplementary Joint Venture Agreement (SJVA) with its partners including NTPC, PowerGrid, Damodar Valley Corporation, Central Power Research Institute, and NHPTL itself. NHPC currently holds a 20% share in NHPTL.  After the sale, PowerGrid will hold 50% of the equity shareholding in NHPTL, while the remaining 50% will be held equally by the other four parties, namely NHPC, NTPC, DVC, and CPRI, each holding 12.5%.  Before the agreement, each promoter held a 20% equity stake in NHPTL. Post-complet ..read more

Shares of Zydus Lifesciences were trading in the red and 5% lower on 24 April after the company’s injectables production plant received ten observations from USFDA. In its regulatory filing, the company said that the US Food and Drug Administration (FDA) conducted an inspection at its injectables production plant in Vadodara, Gujarat, between 15 April and 23 April and concluded the inspection with ten observations.  The company faces delays in drug launches and will not be allowed to submit new drug applications from the facility unless it addresses issues raised by the FDA. In an exchang ..read more

The shares of Puravankara Ltd. were locked in a 5% upper circuit on April 24, it happened when the company was unanimously selected as the preferred developer for redeveloping a residential housing society in Pali Hill, Mumbai, as per its recent regulatory filing. The area is well known for its premium properties, with prices ranging from Rs 1 Lakh to Rs 1.20 lakh per sq ft.  The project has a potential development area of 4.10 lakh sq ft, with around 2.15 lakh sq ft available for purchase, and a potential Gross Development Value (GDV) of over Rs 2,000 crore.  The residential society ..read more

Tata Elxsi share price went down by 2% today, despite declaring a dividend of Rs. 70 per equity share on April 23. The decrease happened after Q4 results, which showed a 4.6% decline in net profit sequentially compared to the previous quarter. According to the company’s recent regulatory filing, Tata Elxsi’s net profit declined by 4.6% to Rs 197 crore in Q4FY24, compared to Rs 206.4 crore in Q3FY24. The net profit also decreased by 2.3% year-on-year. Operational revenue for the quarter fell by 1% to Rs 906 crore from Rs 914.2 crore in the December quarter but showed an 8.1% increase compared t ..read more

Shares of Welspun Corp Ltd were trading in the green and 4% higher on 24 April after the company announced securing an export order worth Rs 611 crore.  In its regulatory filing, the company said that it received a Letter of Award for exporting line pipes from India to Latin America. The order is to supply LSAW (longitudinal double submerged arc welding) pipes, coating and bends to Latin America for a total consideration of Rs 611 crore, which has to be executed during the current fiscal year.  This is the second such order received by the company in such quick success ..read more

If you’re considering intraday trading, which means buying and selling within a single day, it’s important to know that it can be both exhilarating and nerve-wracking. Although there’s potential for quick profits, emotions can make intraday trading quite chaotic. But don’t worry! If you understand how you work internally, you can go from being an agitated explorer to a strategic hunter. Here are some tips to develop a trader mindset. A) Taming the Two Big Beasts: Fear and Greed 1. Fear Fear of Missing Out (FOMO): When the market is booming, it’s easy to get swept up in the excitement and see ..read more