Q3 results today: Zomato, LIC, Grasim among 270 companies to announce earnings
As for Trent, the fashion retailer posted a 124% jump in consolidated net profit to Rs 374.36 crore versus PAT of Rs 167 crore in the year-ago period.
Nvidia’s stock market value on verge of overtaking Amazon
A 40% surge in Nvidia so far in 2024 has elevated its market capitalization to $1.715 trillion as of mid-day trading on Wednesday, only about 3% below Amazon’s $1.767 trillion value, and less than 6% below Alphabet’s $1.812 trillion value, according to LSEG data.
Big movers on D-Street: What should investors do with EIH, Gensol Engineering and Trent?
Stocks that were in focus included names like EIH, which rose 20%, Gensol Engineering, which increased 10%, and Trent, whose shares jumped 19.48% on Wednesday.
CDSL reviews Paytm Money’s KYC process
Paytm Money, the wealth management entity run by One 97 Communications, is being inspected by the Central Depository Services India. Earlier, RBI asked Paytm Payments Bank to stop banking services from the end of this month. However, this order does not have any direct impact on Paytm Money, which operates independently.
Gross equity investments by domestic funds at record high in January
The gross buy-to-sale ratio of local funds rose to 1.12 in January compared with the long-term average of 1.07. The latest investment figures suggest that the inflow for mutual funds remained strong in January. The data on inflow will be reported by the Association of Mutual Funds in India (AMFI) on Thursday.
Analysts pare Navin Fluorine’s price targets on weak Q3 show
The average analyst price target on Navin Fluorine available by Bloomberg after the third quarter results stood at ₹3,472, implying an upside of 12.47% from Wednesday’s closing.
Tata Steel, TRF call off amalgamation scheme
Tata Steel — the promoter of TRF — held a 34.1% stake in the company as on December-end. Under the amalgamation scheme, shareholders of TRF were to get 17 shares of Tata Steel for every 10 held in the company.
SBI Energy’s NFO suited for aggressive investors
The new fund offer is currently open and closes on February 20. The fund will be benchmarked to the Nifty Energy TR Index and managed by Raj Gandhi and Pradeep Kesavan. The minimum investment in the fund is ₹5,000. The fund will have an exit load of 1% if units are redeemed a year before […]
Banks seek incentives for sustainability-linked loans from RBI and Centre
Banks are urging for incentives, such as relaxed norms on risk-weighted assets (RWA) and cash reserve ratio (CRR), for sustainability-linked loans. These loans tie interest rates to a company’s sustainability performance, promoting adherence to environmental, social, and governance (ESG) norms. Discussions with stakeholders, including the RBI, are ongoing, with proposals to include green financing in […]
FPIs sell over Rs 31,000 crore worth shares of financial services, buy IT again
Foreign portfolio investors (FPI) sold shares worth ₹41,926 crore across 14 sectors on average in the January 16-31 period. Other than financials, fast-moving consumer goods (FMCG), services, and metals were among the sectors that witnessed outflows.