Meta snaps out of historic slump with first record high in years

The record is the latest milestone in a lengthy recovery for the stock. Shares nearly tripled in 2023, outperforming even in a positive year for megacaps as investors embraced the company’s focus on efficiency and cost cutting. It is up more than 300% off the low hit in 2022.

CreditAccess Grameen Q3 Results: Net profit soars 64% YoY to Rs 353 crore

Net profit was Rs 216 crore in the year-ago period. Its net interest income rose 42% at Rs 802 crore while total income increased by 42.4% at Rs 1,295 crore. Pre-provision operating profit increased by 59% at 602 crore in the quarter under review against Rs 380 crore in the year-ago period.

Sebi to crack down on inflated IPO subscriptions: Buch

A mule account is basically a trading account maintained with a stock broker or a dematerialized account or bank account linked with such trading account in the name of a person, where the account is effectively controlled by another person, whether or not the consideration for transactions in the account are paid by such other […]

Zee asks Sony Group to extend merger deadline

Zee Entertainment has requested an extension for the deadline to complete the merger deal with Sony’s subsidiary, Culver Max Entertainment. Sony has not responded to the extension request. The two-year agreement between Zee and Sony expired in December. Zee is committed to the merger and is engaging in good faith negotiations with Sony. Both companies […]

Tata Consumer to raise Rs 3,500 crore to fund acquisitions

The board of the company in a meeting on Friday approved the “raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding ₹3,500 crore,” to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.