Well-known US activist investor Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale. Hindenburg, a US-based investment research firm that specialises in activist short-selling, said its two-year investigation [...]
The countdown for the budget has started. The Budget session of the Parliament is likely to begin on January 31, 2023, and is expected to conclude on April 6, 2023, with a recess in between. Finance Minister Nirmala Sitaraman is likely to present the Union Budget in the Parliament on February 01, 2023, and the [...]
Online travel service provider, Easy Trip Planners Ltd on Wednesday said it will acquire a 55 per cent stake in Glegoo Innovations Pvt Ltd, an online travel and tours firm, for Rs 3 crore. The company signed a share purchase agreement with Glegoo Innovations Pvt Ltd on January 24, 2023, Easy Trip Planners, which operates [...]
Textile manufacturer Arvind Ltd on Wednesday reported an 11.62 per cent decline in consolidated net profit from continuing operations to Rs 87 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit from continuing operations of Rs 98.44 crore in the same period last fiscal, Arvind Ltd said [...]
The government expects five to seven countries to sign up for adopting India-developed technology platforms like UPI and Aadhaar by March for accelerating digitisation, according to Union minister Rajeev Chandrasekhar. While speaking at India Stack Developer Conference, the minister said that the Prime Minister has decided to offer India technology platforms to countries to help [...]
Often referred to as the bottom line, the net profit of a company is one of the crucial indicators of its financial health. In a quarterly earnings report, it is the most sought-after metric. The greater the company's net profit, the greater its profitability. Here are 2 companies that reported an increase of more than [...]
The Domestic indices opened in red on Wednesday on weak global cues. The Nifty 50 fell 45.45 points or 0.25% to start at 18,072.85 levels while the BSE Sensex dropped 102.68 points or 0.17% to trade at the 60,876.07 level. Despite weak market conditions, here are 3 stocks that gained more than 6 percent on [...]
Diageo-controlled liquor maker United Spirits on Tuesday said its consolidated net profit declined by 27 per cent to Rs 214 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 295 crore in the October-December quarter of last fiscal. Total income declined to Rs 6,631 crore for [...]
The shares of Priti International Limited were trading up by 1 percent at Rs 151 levels in the early hours of Wednesday. The stock remained in focus on the trading day after ace investor Porinju Veliyath freshly bought a stake in the company. Priti International Ltd is an Indian local furniture & lifestyle brand with [...]
South Indian Bank on Tuesday reported a net profit of Rs 102.75 crore, restricted by money set aside as ageing provisions for security receipts as per a regulatory mandate. The Thrissur-headquartered lender had reported a loss of Rs 50.31 crore in the year-ago period, while its profit for the preceding September quarter had stood at [...]
