Reliance Jio Q2 Results: Profit jumps 23% YoY to Rs 6,539 crore, revenue up 18%; ARPU rises 7% to Rs 195.1
Reliance Jio Q2 Results 2024: Reliance Jio Infocomm on Monday reported a 23.4% jump in its September quarter consolidated net profit at Rs 6,539 crore versus Rs 5,299 crore reported by the company in the year ago period. The revenue from operations stood at Rs 31,709 crore, higher by 18% over Rs 26,875 posted by […]
HDFC Life Q2 Results Preview: APE may grow up to 26% YoY, VNB in range of 12-22%
The value of new businesses (VNBs) for Q2FY25 is projected to be between Rs 900-978 crore, reflecting a year-on-year growth of 12% to 22%, according to brokerage estimates. Sequentially, annualized premium equivalent (APE) could rise by 24-34%, while VNB is expected to increase by 25-36%.
HCL Tech Q2 Results: Cons PAT jumps 10.5% YoY to Rs 4,235 crore, beats estimates
HCL Tech Q2 Results: Company exceeded expectations with an 8.2% YoY revenue increase to Rs 28,862 crore and a 10.5% jump in profit to Rs 4,235 crore. Both figures surpassed analyst estimates. The company projects continued growth, forecasting a 3.5%-5% rise in revenue and an 18%-19% EBIT margin for the coming year. Chairperson Roshni Nadar […]
Gold revisits all-time high of Rs 78,700 per 10 grams
In addition to this, the long liquidation by short-term traders also had a negative impact on gold prices, and money managers reduced their net-bullish bets on gold to their lowest level in eight weeks, Gandhi added.
Hyundai India raises Rs 8,315 crore from anchor investors ahead of IPO opening
Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors for its upcoming IPO, allotting shares at Rs 1,960 per share. The IPO, exclusively an offer for sale, will see proceeds go to Hyundai Motor Global. Operating with high capacity utilization, Hyundai plans to drive innovation using the raised funds, while maintaining strong revenue […]
Sebi introduces framework to monitor shareholding of market infra institutions
Each MII must appoint a non-associated Designated Depository (DD) to monitor compliance with shareholding limits. For depositories, the other depository will act as their DD.
Tech View: Nifty targets upside breakout, resistance at 25,500-25,600 levels. How to trade tomorrow
Nifty is poised for a potential breakout above the 25,200 resistance level, according to HDFC Securities’ Nagaraj Shetti. A sustained move above this key hurdle could propel the index towards 25,500-25,600. However, if the upward momentum falters, 24,900 will act as immediate support.
Groww adds 4.7 million new SIPs as young investors drive growth
Groww added over 4.7 million new SIPs in July-September, accounting for 50% of the total industry SIPs in that timeframe. Younger investors and women contributed significantly to this growth. SIPs made up 86% of mutual fund investment volume on Groww’s platform, with an average SIP value per customer exceeding INR 6,000.
Hyundai Motor India IPO: 10 things you must know before subscribing
Hyundai Motor India is gearing up for a landmark initial public offering (IPO) on Tuesday which is expected to raise approximately Rs 27,000 crore, marking a significant milestone in the Indian automotive sector. Here are ten key insights to help you understand what makes this offering noteworthy:
China stimulus flowing very positively for Indian metal sector: Kunal Kothari
Steel prices have risen by 15% globally and by Rs 1000 to Rs 1500 per tonne in India due to China’s stimulus measures. The positive trend is expected to continue, with Indian steel producers likely to increase prices post-monsoon. There is no immediate need for government curbs on steel imports.