Retail inflation dropped marginally to 7.01 per cent in June mainly due to slight easing in prices of vegetables and pulses, though it remained above the Reserve Bank's comfort level for the sixth month in a row. The consumer price index (CPI) based inflation stood at 7.04 per cent in the preceding month of May [...]
Leading non-bank wealths solutions company Anand Rathi Wealth on Tuesday reported 33.6 per cent jump in profit after tax at Rs 39.7 crore for three months ended June 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 29.7 crore in the same quarter preceding fiscal, Anand Rathi Wealth, part of [...]
We are eleven days into the second quarter of FY23 and companies have started releasing their results. They are obliged to release the name of shareholders holding a 1% or more stake in the company on a quarterly basis. The markets were in the red for a while and the Big Bull, Rakesh Jhunjhunwala has [...]
IT services company HCL Technologies on Tuesday reported a 2.4 per cent year-on-year increase in its net profit for the three months ended June 2022 at Rs 3,283 crore. The revenue came in at Rs 23,464 crore, which was nearly 17 per cent higher than the year-ago period. In its FY23 guidance, the company said [...]
Equity indices nursed losses for the second consecutive session on Tuesday as investors continued to dump IT, banking and FMCG stocks amid a bearish trend in global markets. Unabated foreign fund outflows and the rupee dropping to another record low against the US dollar added to the woes, traders said. Participants were also in wait-and [...]
The shares of Himadri Speciality Chemicals Limited delivered mind-boggling returns in the last five days as the shares surged by 44.91% in the past week. The promoters of the company have reported to the stock exchange that they have entered into a Family Settlement Agreement under which the BLC Family and they are going to [...]
Mutual funds focused on investing in fixed-income securities witnessed a heavy outflow of Rs 92,248 crore in June on uncertain macro environment, driven by expectations around an increasing rate cycle, higher commodity prices and slowdown in growth. This comes following a net outflow of Rs 32,722 crore in May and an inflow of Rs 54,756 [...]
Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction, according to a list issued by the Department of Telecom on Tuesday. The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands, with the entry of [...]
Tata Motors is planning to publicly list its subsidiary Tata Technologies and has appointed bankers for the initial public offering (IPO), as per reports. This is the first public float from the Tata Group since 2004, after the ₹ 5500 crore IPO of Tata Consultancy Services, India’s largest software services exporter. Further, it will be [...]
The government on Tuesday will release the key data on June retail inflation which will be factored by the Reserve Bank in its next bi-monthly monetary policy to be announced in early August. The retail inflation has remained above 6 per cent since January this year forcing the central bank to go for two back-to-back [...]
