Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged down by a heavy sell-off in index major HDFC twins. The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17. [...]
Global gold demand declined by 13 per cent year-on-year to 1,080.8 tonnes during the January-March quarter of this year, mainly due to outflows from European-listed exchange traded fund (ETF) products, according to the World Gold Council (WGC). The total gold demand stood at 1,238.5 tonnes during the first quarter of 2022, WGC's Gold Demand Trends [...]
Auto components major Bharat Forge Ltd on Friday reported a consolidated net profit of Rs 127.74 crore for the fourth quarter ended March 31, 2023. The company had posted a consolidated net profit of Rs 231.86 crore in the same period of the previous fiscal, Bharat Forge said in a regulatory filing. Consolidated revenue from [...]
Shares of Titan Company Ltd were in the green after the company reported robust results for the fourth quarter of FY23 and for the entire year. Its shares were quoting at ₹ 2729.95 apiece, up 2.31% at 11:35 AM on the National Stock Exchange (NSE). Titan, a Tata group company is one of the most [...]
Jammu and Kashmir Bank has announced its highest-ever net annual profit of Rs 1,197 crore in the results for the financial year 2022-23. With a decade-high capital adequacy ratio of 15.39 per cent and NPAs at an eight-year low of 6.04 per cent, the bank also recorded its highest-ever quarterly profit of Rs 476 crore [...]
The domestic equity benchmark indices fell in early trade on Friday in-line with the weak trend in the US markets and the decline in index major HDFC twins. The 30-share BSE Sensex tanked 586.15 points to 61,163.10 in initial trade. The NSE Nifty declined 150.9 points to 18,104.90. Among the Sensex firms, HDFC Bank, HDFC, [...]
Air conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported nearly three-fold rise in consolidated net profit at Rs 225.29 crore in the fourth quarter ended March 31, 2023, aided by profit on sale of freehold land. The company had posted a consolidated net profit of Rs 76.27 crore in the same quarter [...]
Housing finance major HDFC on Thursday reported a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. The bank's profit in the January-March quarter of 2021-22 was Rs 3,700 crore. In a filing to stock exchanges, HDFC said there [...]
Homegrown FMCG major Dabur India on Thursday reported a marginal decline in its consolidated net profit to Rs 292.76 crore for the fourth quarter ended March 2023. The company, which had posted a consolidated net profit of Rs 294.34 crore in the fourth quarter of 2021-22, has proposed a final dividend of Rs 2.70 per [...]
Adani Enterprise Ltd, the flagship company of billionaire Gautam Adani's ports-to-energy group, on Thursday reported more than doubling of net profit in the March quarter on the back of growth in airports and road businesses. Net profit in January-March at Rs 722.48 crore compared with Rs 304.32 crore in the same period last year, according [...]
