Crisil declares 700% interim dividend for CY23
For the March quarter, Crisil’s consolidated income from operations rose 20% to Rs 715 crore, compared with Rs 595 crore in the corresponding quarter of the previous year.
Q4 Results: ICICI Securities profit falls 23%; Tata Com PAT down 11%
Revenue from operations during the quarter stood at Rs 885 crore, also down marginally as against Rs 892 crore in the year-ago period.The income from interest for the quarter came in at Rs 287 crore, up 35% year-on-year, while brokerage income stood at Rs 310 crore
Norwegian Government Pension Fund picks up 1.7% stake in Bajaj Electricals in bulk deal
Norwegian Government Pension Fund Global has increased its stake in Bajaj Electricals by 1.73% on 11 August via open market transactions, bringing its total shareholding in the electrical appliances company up to 3.03%. Meanwhile, California-based venture capitalist firm Small Cap World Fund has reduced its stake to 3.36%, down from 5.3%. Bajaj’s shares rose 3.23% […]
Centre asks states to include statutory obligations in contract of employees hired through outsourcing agencies
Expressing concerns over underpayment to contractual workers, delayed payments and low deposits to EPFO and ESIC, labour secretary Arti Ahuja has written to chief secretaries of all states and administrators of the union territories to incorporate certain statutory obligations in their contract to avoid exploitation of the workers, the ministry of labour and employment said […]
Road Ministry to construct 12,500 km of highways in FY24: Official
“MoRTH has put plans in place to maintain the pace of highway development, with a strong pipeline of projects across the country. “For 2023-24, MoRTH has taken up targets to award 12,000 km and construct 12,500 km of highways in the country,” she told PTI. The road transport and highways ministry is yet to declare […]
10 PSU stocks with high dividend yields for your portfolio
Investors like public sector stocks for their ability to pay consistent dividends. Here are 10 such stocks with high dividend yields over the past 12 months that you can consider including in your portfolio. Source: Axis Securities
Here’s what FPIs were busy buying while dumping defensive stocks in Q4
Selling was seen by Foreign Portfolio Investors (FPIs) in defensive sectors such as IT services, healthcare, and telecom.
Indian investors in the best situation I have seen for a long time: Saurabh Mukherjea
According to Saurabh Mukherjea, Founder of Marcellus Investment Managers, the Indian market is experiencing a good comeback due to addressing concerns, solid macro, and stock specific news flow. Mukherjea suggests Indian investors should look to clean, well-run companies for consistent compound returns. He also believes TCS and Infosys offer great investments as cloud migration is […]
Century shot! 163 stocks, including L&T, ITC scale lifetime highs in 2023 despite volatility
Despite a weak start to 2023, 163 Indian companies with a minimum market capitalisation of Rs 1,000 crore have hit all-time highs year-to-date, according to data from Ace Equity analysed by ETMarkets. Industrial companies topped the list, followed by automakers and metal firms. Four of the Nifty 50 – ITC, L&T, Mahindra & Mahindra and […]
No scope for reducing prices in tyre market in current scenario: Anuj Kathuria, JK Tyre & Industries
The synthetic rubber prices have been on the increase. But now with crude coming down, we expect that they will also come down accordingly with a lag.