TCS declares second interim dividend of Rs 10/share, sets October 18 as record date
Tata Consultancy Services (TCS) has declared a second interim dividend of Rs 10 per share, payable on November 5, 2024, with a record date of October 18, 2024. The announcement followed the release of Q2FY25 earnings, showing a 5% YoY increase in consolidated net profit to Rs 11,909 crore, falling short of analyst estimates.
Anand Rathi Q2 Results: Cons PAT jumps 32% YoY to Rs 76 crore. Rs 7/share interim dividend declared
Anand Rathi Wealth posted a net profit of Rs 76 crores for Q2FY25, up 32% from the previous year. Total revenue rose 32% to Rs 250 crores. AUM grew by 57% to Rs 75,084 crores. The company welcomed 1,066 new client families in the first half of FY25. An interim dividend of Rs 7 per […]
IREDA Q2 Results: PAT jumps 36% YoY to Rs 388 crore, revenue up 38%
State-run Indian Renewable Energy Development Agency (IREDA) on Thursday reported a net profit of Rs 388 crore for the quarter ended September 30, 2024 which was up 36% over Rs 285 crore reported by the company in the year ago period. Revenue from operations in Q2FY25 stood at Rs 1,629 crore which was up by […]
Sept AMFI Data: Monthly MF SIP contribution tops Rs 24,000 crore mark for the 1st time
In September, equity mutual fund inflows dropped by 10%, but SIP contributions increased by 4% to over Rs 24,000 crore. New SIP registrations reached 6.6 million, with a total SIP AUM at an all-time high of Rs 13.81 lakh crore. The mutual fund industry saw record figures in folio count and investor base.
Goldman Sachs sells ideaForge shares worth Rs 43 crore via block deal. Citi buyer at Rs 44 crore
Goldman Sachs sold 6.5 lakh shares in Ideaforge Technology for Rs 43 crore, while Citigroup bought 6.65 lakh shares for Rs 44 crore. Ideaforge shares ended down 1% at Rs 678. It is a vertically integrated company that designs, develops, and manufactures UAVs.
Tech view: Bears in control of market, Nifty forms inside day candle. How to trade tomorrow
Nifty formed an inside day pattern, indicating sideways movement. Bears are in control, using pullback rallies to create short positions. Support at 24,950-25,000 and 24,750. Resistance at 25,100 and 25,250-275. Analysts suggest buying on dips, with a stop loss at 24,800.
Rakesh Jhunjhunwala believed Tata Group could never do any wrong: Utpal Sheth
Utpal Sheth, of TRUST Group and RARE Enterprises, praises the Tata Group’s value system and principle-based decision making under Ratan Tata’s leadership. He highlights the group’s commitment to humility, humanity, and hunger in its leaders, and reminisces about Rakesh Jhunjhunwala’s deep respect and investment in the Tata Group’s ethos and policies.
Why Aniruddha Sarkar is betting on NBFCs over traditional banks?
We saw the first kind of the green shoots over there wherein the textile companies, they mentioned that demand is seen picking up in the month of September. So, more than the numbers in this quarter, I would be looking at the guidance ahead.
Ratan Tata’s legacy lives on! 5 business lessons from Tata group’s chairman emeritus
The Tata Group announced late on Wednesday that Ratan Tata, the former chairman, has passed away at the age of 86.
N Jayakumar on which companies can be high growth businesses for Tata Group?
So, the way I see this is that if you do the sort of super specialised corporate activity, with just basic governance, and these guys actually had exceptionally higher levels of governance, the people in the group, I mean, forget the founders whose visions that these specialists or these CEOs of different companies are embodying.