Engineering and construction giant Larsen & Toubro (L&T) on Wednesday reported a 10 per cent rise in its consolidated net profit to Rs 3,987 crore for the quarter ended in March 2023 and announced the stepping down of non-executive chairman A M Naik from the post. A M Naik has decided to step down as [...]
Finance Minister Nirmala Sitharaman on Wednesday embarked on an official two-day visit to Niigata, Japan, to attend a G7 meeting. India is an invitee to G 7 Finance Ministers and Central Bank Governors meeting. "During her visit, FM Smt.@nsitharaman will also have multilateral and bilateral engagements with her counterparts, besides a roundtable meeting with business [...]
Cummins Inc, promoter of Automotive Axles Ltd, has settled with markets regulator Sebi a case pertaining to alleged violation of open offer lapses, after paying Rs 91.22 lakh as settlement charges. The order came after the applicant (Cummins Inc) filed a settlement application for proposing to settle by neither 'admitting nor denying the guilt'. "The [...]
In a major relief for crisis-hit Go First, the National Company Law Tribunal (NCLT) on Wednesday admitted its plea for voluntary insolvency resolution proceedings and declared a moratorium under the insolvency law. The ruling means that lessors are barred from taking back aircraft and creditors are restrained from taking coercive action. The tribunal's ruling, which [...]
Equity benchmark indices pared opening gains and were trading marginally lower in a highly volatile trade on Thursday, dragged down by a decline in Larsen & Toubro shares and weak global markets. The 30-share BSE Sensex declined 19.93 points to 61,920.27 points in early trade after hitting the crucial 62,000-mark in opening deals. The NSE [...]
Net Profit is defined as the amount of money a company’s business earns after deducting all the operating costs, interest costs, and tax expenses over a given period of time. It is a crucial part of the decision-making process pertaining to dividend payouts, etc. It has become one of the most important metrics for companies [...]
The Life Insurance Corporation of India (LIC), India’s biggest institutional investor was on a shopping spree in the fourth quarter of FY23. Data from the exchanges showed that it has increased its stake in at least five blue chip companies in the January to March quarter of 2023 (Q4FY23). Tata Power Company Ltd LIC had [...]
It is generally said that a ‘Fundamentally Strong’ stock is one that equips itself by conducting operations when the respective industry goes through financial distress. Moreover, such companies enjoy the luxury of operating their business on comparatively lower debt levels, good amounts of retained earnings, and stable margins. Listed below is one such Fundamentally Strong [...]
Fondy known as the ‘Big Whale’ ace investor Ashish Kacholia likes his portfolio to speak for itself. He is known for his absence from media cycles and for avoiding interviews and journalists. He has investments in over 20 stocks and has a varied portfolio that includes hospitality, education, infra and manufacturing stocks. Here are three [...]
The Shares of Indiabulls real estate Ltd opened at Rs 68.50 on Tuesday's trading session, declining by 20 percent and ending at Rs 55.40. One of the probable reasons for the stock prices to hit a lower circuit today is the recent announcement of the company regarding the delay in the merger of NAM Estates and [...]
