India can obviate foreign capital for growth with proper allocation of savings: Expert
Kotak Mahindra AMC managing director Nilesh Shah advocated greater public-private partnerships for state-owned firms to unlock wealth that will fuel India’s growth.
Macrotech Developers Q4 Results: PAT jumps 40% YoY to Rs 1,769 cr; to issue 1:1 bonus shares
Macrotech Developers on Saturday announced that its board has approved issue of bonus shares in the proportion of one new fully paid up equity share of Rs 10 each for every existing share of Rs 10 each held by members of the company on record date.
Q4 earnings to watch out for next week
Apart from the bellwethers, here are some other key companies to announce their Q4 earnings in the coming week
Sectors that saw highest FPI inflows & outflows in 1st half of April
FPIs purchased shares worth Rs 8767 crore ($1.07 billion) on a net basis in the first half of April.
Deploy Protective Put strategy on Nifty in the April F&O expiry week: Kunal Shah
Senior Technical & Derivative analyst at LKP Securities, Kunal Shah, has said the range of the Indian markets for the expiry week is 17,500-17,800, and a move outside of this range would be decisive. Shah added that if the Nifty50 retains 17,500, the upward trend would resume, possibly towards 18,000-18,200. In terms of the IT […]
Mind Over Money: This CEO follows 30-min gym session, meditation & deep breathing to stay mentally fit
Girirajan Murugan, CEO of FundsIndia, prioritizes mental and physical fitness over work obligations. He engages in daily exercise, believes in work-life balance and practicing mindfulness activities to reduce stress. Murugan recommends active listening, prioritizing tasks based on importance and urgency, being willing to take calculated risks and embracing change, and communicating clearly and frequently to […]
Energy, consumer businesses driving RIL earnings growth
Meanwhile, operating profit of the telecom segment improved 2% to ‘12,767 crore, driven by subscriber additions. Average revenue per user (ARPU) remained stable at ‘178.8. Retail business, where the firm is on a shopping spree, had quarterly revenues of ‘69,267 crore, up nearly a fifth. Here, the operating margin climbed to 7.09%-the highest in eight […]
YES Bank Q4 Preview: Growth to moderate on weak treasury income, NIMs stable
Shares of the lender have been a big underperformer in 2023, dropping nearly 20%. However, much of this fall has been triggered by expectations of stake sale by peer lenders following the expiry of the 3-year lock-in period
HCL tech shares up 1%, but analysts cut targets
Shares of HCL Technologies advanced 1.1% on the NSE to close Friday’s session at ₹1,048.95. The stock surged a little more than 3.5% during the day. More than 80 lakh shares exchanged hands on the BSE and NSE, up nearly 3 times its combined average daily volume over the last one month.
Dollar-rupee forward premia decline on rate pause, Fed hike hopes
The dollar-rupee forward premia, which indicates the India-US interest rate differential, has dropped significantly due to a pause in local tightening rates and expectations of further increases by the US Federal Reserve. While this drop may lower hedging costs for importers, it reduces incentives for exporters to sell dollars as their returns decline. This decline […]