Warren Buffett celebrates Berkshire Hathaway’s success over 60 years as CEO while admitting mistakes
Warren Buffett highlighted Berkshire Hathaway’s achievements over the past year and six decades, praising successor Greg Abel’s readiness to seize investment opportunities. With $334.201 billion in cash, Berkshire expanded by acquiring the rest of a utility business and the Pilot truck stop chain.
Tariff woes extend smallcap selloff as over 400 stocks fall up to 53% this week
Over 400 smallcap stocks saw negative returns during the week, with 23 experiencing double-digit losses. Suratwala Business Group was the biggest loser at -53%, followed by Best Agrolife (-31%), Dee Development Engineers (-27%), and PTC Industries (-21%). Conversely, 52 stocks, including KDDL, Sandur Manganese, Pennar Industries, Taj GVK Hotels, IKIO Lighting, and Benares Hotels, yielded […]
Zomato, Jio Financial to bloat Nifty valuation, making it even pricier
Since 2018, high PE stocks have steadily replaced lower-valuation companies, driven by new entrants from fintech, consumer discretionary, and healthcare. Meanwhile, older economy stocks, including oil & gas, industrials, and traditional lenders, have been phased out. This shift reflects evolving market dynamics favoring growth sectors over legacy industries.
Sebi slaps Rs 10 lakh penalty on Axis Securities for violating stock brokers rules
Sebi imposed a Rs 10 lakh penalty on Axis Securities for rule violations and improper client fund handling. Axis Securities failed in regulatory procedures, including reporting errors, mishandling client funds, and exceeding margin limits. Sebi noted discrepancies in supervision reporting, client settlements, and allocation of penalties, leading to the fine after an inspection for April […]
FII exodus: 5 sectors hit hardest by foreign fury in early February
Foreign Institutional Investors (FII) continued their selling spree in the Indian equity market, offloading shares worth Rs 26,610 crore across 16 sectors in the first half of February, according to NSDL data. Financial services bore the brunt of the outflows, followed by FMCG, capital goods, oil & gas, and consumer services. Meanwhile, selective buying was […]
Godrej Industries surges 38% in five sessions on robust Q3 results
Godrej Industries saw a significant increase in its stock price, jumping 13.2% on Friday and up 38% over the past five trading sessions, following better-than-expected third-quarter results. The company reported a 90% yearly growth in consolidated profits and a 34% increase in revenue from operations.
Alkem Labs promoters sell Rs 300-cr shares in block deal
Promoters of Alkem Laboratories sold shares worth ₹300.3 crore through Samprada & Nanhamati Singh Family Trust in a block deal on Friday, selling 641,000 shares at ₹4,680 each, representing 0.54% of the company’s equity.
Sebi probes surge in thematic mutual fund schemes amid NFO arbitrage
The Securities and Exchange Board of India (Sebi) is investigating the surge in thematic mutual fund launches, which raised about ₹80,000 crore in 2024. Sebi chairperson Madhabi Puri Buch mentioned an incentive-driven arbitrage in the proliferation, with thematic funds now managing assets worth ₹4.63 lakh crore.