The shares of Trent Ltd., a Tata Group stock fell as much as 5.5% during the first half of the trading session on Friday touching their low of Rs 1,306.20 apiece. The decline in share price comes on the back of weak results announced by the retail giant for the quarter ending March 2023. Owned [...]
A Foreign Institutional Investor (FII) is an investor or investment fund that is registered in a country other than the one it is investing in. Developing economies, in general, have been observed to have the highest volume of FII activities. One such emerging and developing market like India has observed huge sums of inflow by [...]
In 2009, the world was first introduced to the concept of cryptocurrency. Ever since then, the financial industry has been completely shaken up by this new idea. More and more businesses are looking into accepting crypto as a valid currency. A growing number of people are becoming interested in investing in the market. In general, [...]
Online shopping has revolutionized the way we shop. An online shop like Temu has made the process of purchasing items more convenient and accessible. Shopping can be a fun and exciting experience, but for some people, it becomes an addiction. Indeed, everything that is too much can be a problem. Online shopping addiction is a [...]
Hospitality major IHCL on Thursday reported a four-fold rise in its consolidated net profit in the fourth quarter ended March at Rs 338.84 crore, as against Rs 71.57 crore a year-ago. During the entire financial year of 2022-23, the company swung into a profit of Rs 1,052.83 crore, from a loss of Rs 264.97 crore [...]
The Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with Dabur Nepal, a subsidiary of Dabur India, paving the way for the Indian multinational company to inject Rs 9.68 billion additional investment in its projects. The IBN, a government of Nepal entity, and Dabur Nepal inked the MoU to build, operate [...]
IT company LTIMindtree on Thursday posted a 0.5 per cent year-on-year rise in consolidated net profit to about Rs 1,114 crore for the March 2023 quarter. Seen sequentially, the net profit grew 11.3 per cent over the December quarter. The revenue from operations for the just-ended quarter stood at Rs 8,691 crore, which translated into [...]
Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ended March 2023. The company had posted a profit of Rs 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a [...]
Trent, the Tata group's retail arm, on Thursday declared a 40.4 per cent on-year jump in standalone net profit in the fourth quarter ended March 2023 at Rs 105.13 crore, on robust sales along with margin expansion. For the full year, standalone net income more than doubled (122.15 per cent) to Rs 554.57 crore, while [...]
Shriram Finance on Thursday reported over 25 per cent jump in net income at Rs 1,308.31 crore in the March quarter, as against Rs 1,086.13 crore in the trailing 12 months period, on robust net interest income which almost doubled. Shriram Finance is the new entity after the merger of Shriram Transport Finance Company, Shriram [...]
Markets regulator Sebi on Thursday barred Karvy Investor Services Ltd (KISL) from taking new clients for allegedly violating regulatory norms. The order came after Sebi carried out an physical inspection for the purpose of verifying its compliance status with various regulatory requirements while handling the public issues of debt securities during FY 2021-22. In a [...]
Equity benchmark indices declined in initial trade on Friday in a highly volatile trade as investors preferred to stay on the sidelines after a four-day rally in the markets. The 30-share BSE Sensex declined 73.79 points to 60,575.59. The broader NSE Nifty dipped 17.85 points to 17,897.20. From the Sensex firms, Bajaj Finserv, Asian Paints, [...]
Intraday trading refers to buying and selling stocks one day before the closing of the market. The intraday stocks for today must close before the day's end. If one fails to do so, then their stockbroker will square them off. The primary purpose of this type of trading is to earn quick profits. The brokers can capitalize [...]
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Shares of KPIT Technologies gained 4.78% on Thursday to reach a fresh 52-week high of ₹ 948.80 apiece on the National Stock Exchange (NSE) after it reported healthy results. The company’s shares closed at ₹ 920.00 apiece. KPIT Technologies’ total income grew by 53% to ₹ 1,023.62 crores in the January to March quarter (Q4FY23), [...]
A company is said to be ‘Fundamentally Strong’ when it has multiple and robust business operations involved and can bank on its liquidity positions for short as well as long-term requirements. Moreover, such type of companies would be able to survive in a scenario of financial crisis in the markets and have a competitive edge [...]
B2B e-commerce company udaan on Thursday said it has entered into a partnership with Reliance Consumer Products for pan-India distribution of beverage brand Campa's range of products. RCPL's (Reliance Consumer Products Ltd) range of Campa beverages will be initially available in over 50,000 retailers and kirana stores, which will gradually expand to over 1 lakh [...]
IT major Wipro on Thursday reported a marginal year-on-year decline of 0.4 per cent in net profit to Rs 3,074.5 crore for the fourth quarter ended March 2023 and announced a share buyback of up to Rs 12,000 crore. The Wipro board approved the buyback of 26.96 crore equity shares at a price of Rs [...]
Tesla Power USA on Thursday said it has inked an agreement with Indian Oil Corporation Limited (IOCL) to sell and service batteries at the state-owned firm's petrol pumps. The partnership will enable Tesla Power to sell and service batteries at over 36,000 IOCL petrol pumps across India, the US-based firm said in a statement. "This [...]
Domestic benchmark indices closed in the green on Thursday after a flat opening. The BSE Sensex closed at 60,649 points, up 349 points and the Nifty 50 ended 101 points higher at 17,915 points. 1970 shares advanced, 1421 shares declined, and 126 shares remained unchanged. Here are three stocks that gained more than 15% today: [...]
