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Shares of Coal India fell 2% on August 18, with the stock trading ex-dividend today. The Board of Directors meeting on 7 May 2023 proposed a final dividend of Rs 4 (40%) per share. A second interim dividend of Rs 5.25 (52.50%) per share and a first interim dividend of Rs 15 (150%) per share …
While the first quarter GDP growth rate is yet to be announced, most economists and central bankers are predicting an impressive growth rate of nearly 8%. This is a continuation of the 7.2% annual growth that India showed in 2023. India’s continued growth momentum should not be viewed in isolation. It is the culmination of …
Chandrayaan-3, which entered lunar orbit on August 5, has now entered the most difficult part of the mission – attempting a light landing on the Moon’s south pole. It entered orbit on August 14 at around 11:50 a.m., according to an ISRO statement. The spacecraft achieved a near-circular orbit by descending to a 150 km …
Chandrayaan-3 conducts final lunar-bound manoeuvre ahead of lander separation on Aug 17 Read More »
Net direct tax collection has increased by 17.33% to Rs 5,84 lakh so far this financial year, reaching 32% of the full year budget estimate (BE). The Income Tax Department said in a statement that direct tax revenues, including personal income tax and corporate tax, through August 10, 2023, continue to increase. On a compounding …
Parliament said on Friday that Modi’s government wanted to secure control of the Electoral Commission in an election year. In a June 2012 letter from veteran Bharatiya Janata leader LK Advani to then-Prime Minister Manmohan Singh, parliamentary leader Jairam Ramesh called for a constitution to dispense with the impression of prejudice. He said he had …
Modi govt wants to ensure ‘control’ over EC in poll year: Congress Read More »
The Systematic Investment Plan (SIP) changed the trend of the season with an unprecedented inflow of Rs 1,524.5 billion with new accounts reaching a record Rs 33.06 crore in July. Over the past year, about 23.3 million SIP accounts were added every month, making him an increase of 279.58 million in total. According to the …
SIPs ride the market rally with record 33.06 lakh fresh accounts in July Read More »
Shares of Bata fell 2.78% to Rs 1,653 crore as of 9:37 a.m. after the carrier’s net profit fell 9.6% year-on-year (YoY) to Rs 107 crore in the quarter from May. 4 to June. Bata’s revenue increased 2% year-on-year to Rs 971 crore year-on-year. However, revenue fell short of estimates by nearly 9%, Motilal Oswal …
Bata shares fall 3% after weak net profit numbers Read More »
Shares of India Railway Travel and Catering Ltd fell about 1% on the NSE on Aug. 10, a day after the transport company released Q1FY24 results. The Indian Railways and Transport Corporation reported a 7% drop in annual profit to Rs 231 crore, hit by an exceptional loss and lower operating margin. However, the company’s …
IRCTC shares fall on 7% decline in Q1 net profit Read More »
Shares of Delhivery traded up 1% at Rs 416.2 on August 9 after the company won a contract with Havells India. Contract to design, build and operate a factory-to-customer supply chain for Havells in West India. To further strengthen this partnership, Delhivery and Havells will jointly inaugurate new warehouses in West India to meet omnichannel …
Delhivery shares gain on bagging supply chain contract from Havells India Read More »
Shares of Jupiter Wagons fell 5% as they hit the upper limit of the circuit at Rs 232.95 on August 8 after the wagon maker released a bumper set of figures for the quarter ended June . Consolidated net profit increased nearly fivefold to Rs 62.85 billion from Rs 12.81 billion in the same period …
Jupiter Wagons hit upper circuit at 5% on strong earnings, management outlook Read More »
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