Gold ticks lower as dollar, yields firm after inflation report
Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for weekly and monthly gains as a September interest rate cut by the U.S. Federal Reserve remains in play.
Unicommerce Esolutions Q1 results: PAT jumps 31% YoY to Rs 3.5 crore, revenue up 9%
Unicommerce Esolutions reported a net profit of Rs 3.5 crore for the quarter ended June 30, 2024, which was up by 31% from Rs 2.7 crore reported by the company in the year ago period.
FirstCry Q1 results: Cons loss narrows YoY to Rs 57 crore, revenue jumps 17%
Brainbees Solutions, owner of FirstCry, reported a narrower net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore a year ago. Revenue rose 17% to Rs 1,652 crore, while EBITDA saw a significant 106% increase. Annual unique transacting customers grew by 15%, and the company expanded its […]
Sebi mulls expanding scope of informal guidance scheme, raises fees
Capital markets regulator Sebi on Friday proposed changes to the informal guidance scheme to expand the list of applicants that can seek guidance under the plan and enhance the fee for making an application.
Tech View: Nifty near term targets now increase to 26,000. Here’s how to trade on Monday
Nifty gained 84 points on Friday, forming a rounding bottom pattern suggesting strength. Analysts expect the index to rise towards 25,500 and potentially 26,000-26,250 if it sustains above 25,500. Support is at 24,950; a ‘buy on dips’ strategy is recommended.
F&O traders went long on HDFC Bank, short on SBI in August series
In August, HDFC Bank experienced short covering and a 96% rollover, while SBI saw a significant short build-up and a 95% rollover. The Bank Nifty rose 0.5% to 50,889, but the PSU Bank index fell 2.6%. Nifty 50 climbed 3.1% with a 77% rollover.
Shifting fifth gear? India’s decade has to be SBI’s decade, says new chairman CS Shetty
The State Bank of India (SBI) is enhancing its technology and digital footprint, adding 50,000 to 60,000 savings accounts daily. Chairman CS Setty anticipates steady credit growth and a strong corporate balance sheet. SBI is targeting growth in MSME and agriculture sectors, with aspirations to surpass Rs 1 lakh crore in profits.
Can Motilal Oswal be a double-engine compounding machine like Berkshire Hathaway? Raamdeo Agrawal answers
Motilal Oswal Group’s Chairman, Raamdeo Agrawal, discusses the company’s investment strategies as well as its efforts to emulate Warren Buffett’s model. He shares insights on market timing, the importance of buy-and-hold strategies, portfolio concentration, and how Motilal Oswal is balancing its operational and treasury income to create a sustainable growth engine.
Will global risks and slower credit growth cloud India’s GDP outlook? Sonal Varma answers
The global factors I think is the biggest risk factor to watch over the next 6 to 12 months. We have seen some shake in terms of the US employment situation. As of now it still looks a moderation rather than a big slowdown in US growth, but that could potentially be something of a […]
Natco Pharma shares jump 5% as company files for generic cancer drug approval with USFDA
Natco Pharma shares surged 5% to Rs 1,569 after filing an ANDA with the US FDA for a generic cancer drug. The company aims for 180 days of marketing exclusivity.