Power Grid Q1 Results: Standalone profit falls 4% YoY to Rs 3,412 crore, revenue down 2%
Power Grid’s Q1 FY24 net profit fell 4% to Rs 3,412 crore from Rs 3,542 crore last year. Revenue decreased by 2% to Rs 10,068 crore from Rs 10,245 crore.
Sebi bars Vijay Mallya from accessing securities market for 3 years
According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market in any capacity. The former liquor baron is also barred from any association with listed or proposed-to-be-listed companies. As part of the ban, Mallya’s existing holdings of securities, including mutual […]
How schemes of Quant Mutual Fund have performed after one month of Sebi’s raid
Mutual fund investors were shocked when Sebi raided Quant Mutual Fund’s offices for alleged front-running. The raid impacted various funds’ performance, with some underperforming their benchmarks, while others like Quant Focused Fund outperformed. Despite this, the fund house’s assets under management hit all-time highs, reflecting an increase in their total AUM and growth in several […]
Adani Energy said to pick banks for $600 million share sale
Gautam Adani’s power transmission unit, Adani Energy Solutions, prepared a share sale of at least 50 billion rupees, with banks ICICI Securities, Jefferies Financial, and SBI Capital as advisers. The sale could conclude by mid-August.
Bandhan Bank Q1 Results: Profit soars 47% YoY to Rs 1,063 crore; NII jumps 21%
Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period.
Tech View: Mt 25K in sight once again for Nifty bulls. Here’s how to trade next week
According to Nagaraj Shetti of HDFC Securities, the Nifty index has recently regained support from its 10-day and 20-day exponential moving averages (EMAs) after briefly dipping below them. This reinforces the significance of these moving averages as a support level for the index over the past several weeks.
Gold Price Today: After Rs 7,800/10 gram fall in 3 sessions, yellow metal prices rebound
Domestic gold prices recovered on Friday gaining by over Rs 500 per 10 gram in intraday trade, taking cues from international prices. The prices were up ahead of the crucial inflation data in the US which could give more clarity on the timing of the interest rate cuts by the Federal Reserve.
Medium-term, even if the rupee goes to 84, it won’t sustain there; 10-year bond yield heading to 6.75%: Jayesh Mehta
Jayesh Mehta, Vice-Chairman & CEO of DSP Finance, explained the recent fall in the rupee against the dollar, attributing it to a risk-off situation and the strengthening of the dollar. Despite the current scenario, he mentioned that the rupee might not sustain at the 84 level for long-term due to India’s strong economic story.
Retail investors drive 12x growth in index funds in less than 4 years: Zerodha Fund House
The popularity of index funds in India has surged in recent years, as evidenced by the significant increase in the number of funds offered by MF houses. Between March 2021 and March 2024, the total number of index funds available to investors grew by an impressive 370%, from 44 to 207. This growth reflects the […]
Sanstar share price jumps 19% after listing. What should investors do?
Sanstar Stock Update: Sanstar shares climbed 19% on debut but underperformed expectations, prompting expert advice for profit booking due to elevated valuations.