The BSE IT pack was trading in the negative on December 12 afternoon, as index majors such as Infosys, HCL Technologies and Wipro saw a drop in share prices. However, gains in the shares of Tata Consultancy Services (TCS), Mphasis and Tech Mahindra capped the losses for the index.Experts said the rupee's rise against the US dollar could be the reason for the weakness in the IT pack. The Indian currency traded at a month-high of 70.63 after opening higher by 15 paise at 70.69 per dollar against December 11 close of 70.84.Brokerages, however, are mostly positive on the IT pack for the long term.Close "Record deal-wins, sustained deal pipeline momentum and upbeat management commentaries on the demand side strengthen our conviction in the Indian IT’s solid earnings trajectory," said Edelweiss Securities. related news BPCL share price jumps 2% despite rating revision by Moody's, CRISIL Cadila Healthcare gains 4% on launch of … [Read more...] about Rising rupee pulls IT pack down, Infosys, HCL top drags
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This year, Frank Lloyd Wright, arguably the greatest and most popular modern American architect, would’ve turned 150 years old. To help commemorate the milestone, the Frank Lloyd Wright Building Conservancy–a Chicago-based nonprofit dedicated to preserving Wright’s buildings–is publishing a new edition of its Wright Sites guidebook. In addition to showcasing dozens of beautiful FLW projects, it’s also a testament to the power of historic preservation. advertisement advertisement “People who look at pictures of architecture are experiencing it in one way, but when you stand inside and confront one of these buildings in person, the value presents itself in a way you can’t put in words,” Hoglund says. Wright Sites has changed since the previous edition published 15 years ago. Some projects are no longer accessible–like the Ennis House, which was sold to a private owner in 2011–and have been removed. Sixteen sites … [Read more...] about There’s A New Must-Read Book For Frank Lloyd Wright Fans
Investors are always on a hunt to find stocks that could give inflation-beating returns.Experts feel that maintaining a small portfolio of quality stocks is always an ideal choice, and dips, if any, due to either global or local factors could be used as buying opportunity in select stocks.“We believe the ongoing correction in the market is to be used as an opportunity to take fresh positions in quality stocks with strong earnings potential, and are available at discounted multiple,” Rajeev Srivastava, Head Retail Broking, Reliance Securities told Moneycontrol.Close “Going forward, we believe that with the recent stimulus measures starting to aid growth, corporate earnings will certainly start picking-up and discounted multiple of various quality mid-cap stocks will start getting re-rated,” he said. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Equity inflows drop but SIP figures at all-time high; what should you … [Read more...] about Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020
Student protests in Jawaharlal Nehru University (JNU) against hostel fee hike, are showing no signs of simmering down. On December 9, students marching towards the Rashtrapati Bhavan were reportedly baton-charged by the police. Many were detained.According to JNU Students' Union (JNUSU) president Aishe Ghosh, "Several students, including women, have been detained by police which brutally attacked the protesters, asking us to go back to campus."Students, who were seen raising slogans like "Delhi Police go back" and "Education must be free for all", said that they will not budge until their demand for a complete rollback of the hostel fee hike is met. The JNUTA, a teacher’s association, has also called a sit-in in solidarity with the student’s demands.Close The students have been protesting for over a month and have now called for boycotting of examinations till their demands are met. The Ministry of Human Resource Development (HRD) is holding parleys with the student council … [Read more...] about JNU students not alone in protesting against fee hike: Here are varsities missed by national media
Tribal groups across India have called for ‘Bharat Bandh’ on March 5 to protest a recent Supreme Court ruling which ordered the eviction of tribals and traditional forest dwellers from their natural habitat.Despite the top court staying the order until July 10, the tribals see the move as a temporary reprieve, fearing that the order will be overturned in the absence of a proper law.The tribal groups are now demanding that the Centre pass an ordinance to protect their rights. The apex court’s order is said to affect over 11 lakh tribals across 21 states.Close Let’s take a look at why the Supreme Court evicted tribals from their homes. related news CBI carries out searches at 13 locations in Rs 568.52 crore bank fraud 200 recommendations of Swaminathan report accepted by govt: Agri minister Believe Congress will take 'good decision' about leadership: Sachin Pilot What is the Supreme Court ruling?On February 21, a bench of Justices Arun Mishra, Navin … [Read more...] about Explained | Bharat Bandh on March 5: Why are over 11 lakh tribals across 21 states up in arms?