With Finance Minister Nirmala Sitharaman getting ready to present the last full budget of the Modi 2.0 government, expectations are high that she will meet the demands of all stakeholders, including the common man who is reeling under the price rise. The finance minister has held several rounds of discussions with various stakeholders, and final [...]
Hindenburg Research in its recent report, aimed at exposing the Adani Group, by alleging that it was involved in brazen fraud and stock manipulation. A conclusion has not been arrived at yet, customers should know that state entities like the LIC and SBI have also made liberal investments in the group. The share prices of [...]
Capital markets regulator Sebi on Monday cancelled the registration of three entities -- Kaynet Capital, Kaynet Commodities and Kaynet Finance -- as stock brokers for not meeting the conditions required under intermediaries rules. In addition, the Securities and Exchange Board of India (Sebi) has cancelled the registration of Kaynet Capital as depository participant. Irrespective of [...]
Mold-Tek Technologies Limited on Monday said its profit after tax for the quarter ended December 31 was up by 453 per cent to Rs 9.21 crore against Rs 1.7 crore during Q3FY22. The city-based firm in a press release said revenues during the quarter were up by 71 per cent to Rs 40.73 crore. Both [...]
IT company Tech Mahindra on Monday posted a 5 per cent decline in the consolidated profit after tax at Rs 1,297 crore in the December quarter. The company had registered profit after tax of Rs 1,378.2 crore in the year-ago period. "We are witnessing moderation in growth given the tough macro economic environment. "We will [...]
Nippon Life India Asset Management Ltd (NAM India) on Monday reported an 18 per cent increase in the profit after tax (PAT) to Rs 205 crore for three months ended December 2022. In comparison, the company had a PAT of Rs 174 crore in the year-ago period, NAM India said in a statement. Also, the [...]
Orient Green Power Company Ltd (OGPL) on Monday posted a 55 per cent rise in its consolidated net profit at Rs 9.74 crore in the quarter ended December 2022. The company's consolidated net profit stood at Rs 6.28 crore in the year-ago period, according to a regulatory filing. However, total income was at Rs 57.33 [...]
Punjab National Bank (PNB) which has about Rs 7,000 crore exposure in Adani Group entities on Monday said it is keeping a close watch on situation developing following the damning disclosures by a US short seller. The state-owned bank has total exposure of about Rs 7,000 crore. Out of that Rs 2,500 crore is related [...]
Telecom players have started rolling out 5G services in select pockets but backhaul infrastructure will cost Rs 3 lakh crore over the next 4-5 years, according to ICRA. ICRA noted consistent "healthy improvement" in operating metrics of telcos but added that debt levels continue to remain high and seen at around Rs 6.3 lakh crore [...]
Unsold housing stocks dropped 10 per cent to 4,61,600 units across nine major cities at the end of the December on better sales, PropEquity said on Monday. According to its data, unsold housing inventories stood at 5,12,526 units at the end of the September quarter across these nine cities. "Despite many challenges ...home sales strongly [...]
