Paytm Q1 results preview: Revenue may fall by up to 36%, net loss likely to widen
One 97 Communications, operating Paytm, could report a net loss between Rs 1,013 crore and Rs 840 crore and a revenue between Rs 1,532 crore and Rs 1,490 crore for June 2024, according to estimates by two brokerages.
Deposits still most preferred instrument of saving: RBI article
The RBI’s July Bulletin notes that deposits are India’s preferred savings method, with market instruments gaining traction. Prakash et al. detail financial assets/liabilities and net wealth from 2011-12 to 2022-23, which surged during the pandemic and normalized by March 2023. Listed equity peaked end-Dec 2021. By end-March 2023, financial assets were 135% GDP, liabilities 37.8%, […]
Vodafone Idea approves Rs 615 crore of share allotment to Nokia, Ericsson via preferential issue
Vodafone Idea has approved the allotment of 41.52 crore shares worth Rs 615 crore to Nokia and Ericsson at Rs 14.80 per share.
Tech View: Nifty bulls eye Mt 25K as support shifts higher; here’s how to trade on Friday
According to Nagaraj Shetti of HDFC Securities, the Nifty index is approaching a significant resistance level at 24,960, calculated using a Fibonacci extension based on key market points from March to October 2023. This suggests that we may see increased volatility or consolidation around the 24,950-25,000 range in the near future.
$100 bln Indo-Russia bilateral trade achievable by 2030, trade gap no worry: GTRI
India aims for $100 billion trade with Russia by 2030 via exports, local currency trading, and Eurasian FTA. FY24 trade reached $65.7 billion, with $4.3 billion exports and 88% oil imports; import surge 8300% and 59% export growth due to discounted oil. Export strategy and currency exchange are crucial. INSTC reduces costs. Ajay Srivastava notes […]
‘Inflation under control’ is the best part of Indian economy at present, believe 34% of ET Budget survey respondents
Budget 2024: As Finance Minister Nirmala Sitharaman prepares to present the Budget on July 23, a survey by ET Online sheds light on the state of the Indian economy. The good is that inflation is under control, with over 34% of nearly 9,500 respondents highlighting it as a positive factor. However, global uncertainty and coalition […]
Budget will revolve around growth, employment generation & boosting consumption: Keki Mistry
Keki Mistry stresses that reducing tax rates boosts compliance, growth, job creation, and consumption. Key areas include infrastructure, defence, affordable housing, and corporate tax cuts. He expects a recovery in household financial savings and suggests GST cuts for middle-income groups. Anticipates interest rate cuts and highlights F&O segment regulation and insurance sector potential.
Q1 results today: Infosys, Tata Technologies among 45 companies to announce earnings on Thursday
Infosys, Polycab, CEAT, Havells India are set to announce earnings. Infosys anticipates a 2.5% Q-o-Q revenue rise, or 3% in constant currency, with net profit up 6% Y-o-Y and a March net profit increase of 30% Y-o-Y. Motilal Oswal forecasts 2% Q-o-Q revenue rebound and 20.4% operating margin, along with Kotak Equities’ 50 bps headwind […]
Just Dial shares surge 20% to fresh 52-week high. Here’s why
Just Dial’s shares surged by 19.5% to reach a 52-week high following the company’s impressive quarterly financial results. The increase in revenue by 13.6% and net profit by 69.3% reflects a positive growth trajectory. Just Dial continues to focus on innovation and cost management for future opportunities.
IDBI Bank shares rise 7% after RBI submits ‘Fit & Proper’ report
IDBI Bank’s shares surged 7% to Rs 94 on BSE after RBI approved ‘fit and proper’ bidders ahead of Union Budget 2024. The bank, earmarked for privatization, awaited RBI’s nod for bidders meeting regulatory norms to progress in the privatization process.