Music label Saregama India Ltd on Tuesday reported a 51.59 per cent increase in its consolidated net profit to Rs 41.43 crore for the first quarter ended June 30, 2022. It had posted a net profit of Rs 27.33 crore in the April-June quarter last fiscal, Saregama said in a regulatory filing. Saregama's total income [...]
High taxation is limiting the growth of super luxury car sales in India and the market will remain small although the growth rate will be high, according to Automobili Lamborghini Chairman and CEO Stephan Winkelmann. The Italian super sports carmaker, which on Tuesday reported a 4.9 per cent increase in its global deliveries at 5,090 [...]
The benchmark BSE Sensex and Nifty closed marginally higher in a volatile trade on Tuesday as gains in FMCG, power and energy stocks helped the indices extend gains for a fifth straight day. The 30-share BSE benchmark ended 20.86 points or 0.04 per cent higher at 58,136.36 with 16 of its constituents ending in the [...]
Richest Indian Gautam Adani's group on Tuesday said the Rs 212 crore worth of spectrum it has bought in a millimetre wave band will be used to create a private network to support its businesses and data centres. Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd, acquired the right to use 400MHz [...]
Banks have written off loans worth about Rs 10 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year, Minister of State for Finance Bhagwat K Karad said in a written reply [...]
Amid concerns over the decline in the value of the rupee against the US dollar, Finance Minister Nirmala Sitharaman on Tuesday asserted there is no collapse of the unit and it is actually finding its natural course. Sitharaman informed the Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if [...]
The Securities and Exchange Board of India (SEBI) and the stock exchanges have introduced various pre-emptive surveillance measures to enhance market integrity and safeguard the interest of investors. Some of these measures include the reduction in price band, periodic call auction and transfer of securities to the Trade for Trade segment from time to time. [...]
Dividends are considered important while investing in the stock market as they prove to be a reliable source of income even if the markets are volatile. Here are two large cap stocks that have reached their new 52-week high on Tuesday and are coming up with dividends in August. Varun Beverages Limited The shares of [...]
The shares of Zomato rallied by more than 17% in the early trading session on Tuesday and were trading at Rs 54 levels. In the last five days, the stock has added more than 28%. Despite the rally, the stock is still down by 61% YTD. The rally comes after Zomato published its quarter one [...]
The Nifty 50 has surged by 9.50% and the Sensex has advanced 9.17% in the past month, especially after a strong rally in the past week. Benchmark Indices closed at their highest levels since April 2022. At this point, market participants wonder if the bear phase is over for Indian equities. Analysts said that the [...]
