HDFC Life Q4 Results: Cons PAT rises 15% YoY to Rs 475 crore, revenue jumps 16%
The company’s board also recommended a final dividend of Rs 2.10 per equity share for the financial year 2024–25.
HDFC AMC announces final dividend of Rs 90 per share for FY25
HDFC Asset Management Company announced a final dividend of Rs 90 per share on Thursday along with its March quarter earnings where it reported an 18% year-on-year growth in its consolidated net profit at Rs 639 crore from Rs 541 crore in the same quarter of last year.
Wipro focusing on 5 key strategic initiatives to drive growth, says CEO Srini Pallia
Wipro faces revenue growth challenges, particularly in Europe, despite growth in America. The company focuses on large deals and cost optimization to maintain profitability amidst margin pressures. Strategic priorities include targeting key accounts, building AI-powered solutions, and upskilling talent. Wipro is committed to returning capital to shareholders while navigating uncertain market conditions.
IDFC FIRST Bank eyes 20% loan book expansion with fresh capital boost
IDFC First Bank aims for a stable 20% growth, fueled by a recent capital raise of ₹7,500 crores, increasing their capital adequacy ratio to 19%. This infusion provides a buffer against global economic uncertainties and supports the bank’s ambition to achieve a AAA rating.
From Rs 6,500 SIP to Rs 1 crore: Can this investor reach his goal in 10 years?
Pushkar Singh, an ETNow viewer, aims to accumulate ₹75 lakh to ₹1 crore in a decade through SIPs. While his current investments in funds like SBI and Parag Parikh are well-chosen, experts advise increasing his monthly SIP amount significantly, potentially starting at ₹30,000 and escalating by 10% annually, to realistically achieve his ambitious financial goal.
IT sector may remain range-bound amid global uncertainty: Amnish Aggarwal
Amnish Aggarwal of Prabhudas Lilladher suggests a positive outlook for the Indian market due to tax cuts, increased capital expenditure, and favorable monsoon forecasts. While global tariffs pose a risk, recent FII buying and corrected valuations offer near-term support.
IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff
Wipro’s earnings miss and muted guidance had a ripple effect across the IT sector, dragging down peer stocks. Infosys shares slipped 1.6% ahead of its earnings announcement later in the day. LTIMindtree, HCL Technologies, and Mphasis declined between 3% and 3.4%, while Tech Mahindra, Coforge, and Persistent Systems fell between 2% and 2.4%
Wait and watch before jumping in to buy on hints of US-China talks: Sudip Bandyopadhyay
Sudip Bandyopadhyay advises caution amidst US-China trade talk optimism, highlighting significant disagreements that require time to resolve. He favors domestic infrastructure and realty stocks like DLF, Macrotech, and L&T due to government spending and private capex. Bandyopadhyay anticipates positive results from private banks like ICICI Bank and HDFC Bank and suggests Bharat Electronics for long-term […]
ICICI Bank shares jump over 1% to new all-time high on cutting savings account rates by 25 bps
Earlier this week, HDFC Bank also reduced its savings interest rate by 25 bps, bringing it to 2.75% for balances under Rs 50 lakh. This marks HDFC’s first savings rate cut in five years. The State Bank of India (SBI) has already been offering 2.7% for balances under Rs 10 crore since October 2022.
Golden Crossovers: These 3 stocks signal further bullishness on April 17
In the NSE list of stocks, three stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data.