Why looking for the best fund or asset class is a waste of time: Zerodha’s Nithin Kamath
Zerodha CEO Nithin Kamath advises investors to avoid chasing top funds and instead focus on boosting their earning potential. He recommends low-cost multi-asset index funds as simple, effective investment tools. Zerodha AMC recently launched such a fund to simplify investing. This single fund gives investors exposure to large-cap and mid-cap equities, government bonds, and gold […]
Why stock market fell today: Sensex drops 586 points, Nifty below 24,600. Here are 6 reasons behind the selloff in Indian shares
Indian shares plummeted on Friday, with the Sensex and Nifty falling sharply due to global headwinds and U.S. tariffs on Indian exports. Persistent foreign fund outflows and a strengthening dollar further pressured the market. Pharma stocks also suffered following concerns over potential U.S. price regulations. Technical analysis suggests a further downside, with key support levels […]
Amazon share price tumbles 7% after cloud computing growth disappoints investors
Amazon.com share price fell about 7% on Friday as the tech giant’s results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race.
NSDL IPO subscribed over 41 times on Day 3; GMP drops to 16%. Check reviews, other details
NSDL’s IPO witnessed significant investor interest, being oversubscribed 41 times, driven primarily by QIBs. Grey market premiums suggest a strong listing, with brokerages recommending a ‘Subscribe’ rating for long-term investors, citing NSDL’s market position and growth potential. The IPO price was set between Rs 760 to Rs 800 per share.
ITC Q1 Results: Cons PAT rises 3% YoY to Rs 5,244 crore, revenue jumps 19%
ITC Q1 Results: FMCG major ITC reported a 3% year-on-year increase in its consolidated net profit for the June quarter at Rs 5,244 crore on Friday, compared to Rs 5,092 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.
Nuvama shares sink 6.5% in 2 days amid tax raids tied to Jane Street probe
Nuvama Wealth Management’s shares have declined following income tax searches related to the Jane Street market manipulation probe. While Nuvama hasn’t been directly implicated by SEBI, its role as Jane Street’s trading partner in India has sparked investor concerns. SEBI alleges Jane Street manipulated index levels, amassing significant profits.
IDFC First Bank allots Rs 4,876 crore worth preference shares to Warburg Pincus affiliate
IDFC First Bank first cleared a preferential allotment of over 81.26 crore shares, equating to a 10% stake in the company in April this year. The capital raised is aimed at fueling the bank’s upcoming growth initiatives.
JSW Energy shares rise 4% on strong Q1 results, renewable and thermal push gains
JSW Energy’s shares experienced a surge following a robust Q1 performance, with net profit climbing 42.4% to Rs 743 crore, fueled by increased renewable and thermal power generation. Revenue soared by 78.6%, and EBITDA nearly doubled, driven by significant capacity additions, including the acquisition of Mytrah Energy.
Netweb Technologies shares rally 13% after Q1 profit doubles on robust AI demand
Netweb Technologies reported a strong Q1 performance with profit after tax more than doubling year-on-year to Rs 30.5 crore, up from Rs 15.24 crore. Operating income surged 102% to Rs 301.2 crore, while operating EBITDA jumped 127.2% to Rs 44.8 crore, reflecting a healthy margin of 14.9%. PAT margin came in at 10.1%.
Chalet Hotels shares rally 8% after Q1 net profit surges 236% YoY
Chalet Hotels posted a 236% YoY jump in Q1 net profit to Rs 203.1 crore, driven by higher revenue from its Koramangala residential project and strong hotel operations. Operational revenue rose to Rs 894.5 crore, supported by project completions and rising room inventory.