NHAI Breaks Records with ₹18,380 Crore InvIT Fundraise
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🗞️ Wipro Secures ₹5,300 Crore Deal with UK’s Phoenix Group
Wipro has won a £500 million (₹5,300 crore) strategic deal with the UK-based Phoenix Group to provide IT services over the next five years.
📌 Expert Opinion: Analysts see this as a major boost for Wipro, strengthening its European presence and long-term revenue stability.
🗞️ NHAI Raises Record ₹18,380 Crore via InvIT
The National Highways Authority of India (NHAI) has raised ₹18,380 crore through its Infrastructure Investment Trust (InvIT), the highest-ever by the authority.
📌 Expert Opinion: Infrastructure experts believe this move will accelerate road development and attract more private investment.
🗞️ NCC Secures ₹10,804 Crore BharatNet Orders from BSNL
Infrastructure company NCC Ltd. has received orders worth ₹10,804.56 crore from BSNL to support the expansion of the BharatNet project.
📌 Expert Opinion: Analysts say this contract will enhance broadband connectivity in rural areas and boost NCC’s revenue pipeline.
🗞️ RBI Slaps ₹75 Lakh Penalty on HDFC Bank for KYC Violations
The Reserve Bank of India (RBI) has imposed a ₹75 lakh penalty on HDFC Bank for failing to comply with Know Your Customer (KYC) norms.
🗞️ Gold Monetization Scheme Partially Closed – Here’s How You Can Still Invest
The government is partially shutting down the Gold Monetization Scheme, but investors still have opportunities to deposit their gold and earn interest.
📌 Expert Opinion: Financial advisors recommend exploring alternatives like sovereign gold bonds (SGBs) and gold ETFs for long-term returns.
🗞️ Swiggy & Zomato Face Profitability Challenges as Quick Commerce Losses Mount
A BofA report suggests that Swiggy and Zomato's quick commerce divisions may see higher losses in Q4 FY25, while food delivery growth slows.
📌 Expert Opinion: Market analysts say increased competition and operational costs are affecting profitability in the quick commerce space.
🗞️ Wipro Stock in Focus After Major UK Deal – What Investors Should Know
After securing a ₹5,300 crore deal with the Phoenix Group, Wipro's share price is expected to react in the stock market today.
📌 Expert Opinion: Analysts suggest investors watch for short-term gains, as large deals often lead to positive stock movement.
🗞️ US Plans Tariffs on Pharma – Indian Stocks Take a Hit
The US government is planning to impose tariffs on pharmaceutical imports, causing Indian pharma stocks to tumble.
📌 Expert Opinion: Industry experts say this could impact export revenues for major Indian pharma companies.
📊 Market Updates
📉 Sensex: Decreased by 729 points (0.93%), closing at 77,288.50.
📉 Nifty 50: Dropped by 182 points (0.77%), ending at 23,486.85.
💵 Rupee: Strengthened to ₹85.63 against the U.S. dollar.
🥇 Gold: Priced at ₹89,453 per 10 grams.
🥈 Silver: Trading at ₹1,04,000 per kilogram.
🛢️ Brent Crude: Increased by 1.13% to $74.15 per barrel.