Private equity firms Clermont Group and Arpwood Group are backed by non-banking finance firm SBFC Finance, which is more focused on the MSME segment, which will be the first public offering in August 2023. Here are 10 important things to know before applying for a number: 1) IPO date The offer will be open for …
SBFC Finance IPO opens tomorrow | 10 things to know before buying shares Read More »
Ambuja Cement reported a net profit of Rs 645 crore on August 2 for the April-June quarter of fiscal year 24, down 38% from a year ago. The lower annualized profit is likely due to a higher base effect in the corresponding quarter of the previous year due to higher other sales. Adani Group, India’s …
Ambuja Cement Q1 net profit declines 38% YoY to Rs 645 cr Read More »
Nifty recently touched the 20-day moving average (20-DMA), indicating potential strength. To confirm further upside, Nifty needs to break above 19,825. On breaking this level, we can anticipate a move towards the 19,950-20,000 range. However, if Nifty slides below its 20 DMA of 19,600, this could indicate a correction towards the 19,300-18,888 level. Similarly, Bank …
Reliance Industries and Brookfield Asset Management signed a memorandum of understanding (MoU) on 1 August to explore renewable energy and decarbonisation equipment manufacturing opportunities in Australia. The MoU aims to accelerate and reduce risks to Australia’s energy transition by enabling the country to locally produce clean energy devices such as photovoltaic modules, long-life storage batteries, …
Reliance Industries signs MoU with Brookfield for renewable power in Australia Read More »
Market trends over the past few months have been nothing short of euphoric, with the Nifty 50 benchmark index settling the most recent four consecutive derivatives streaks with net gains. At the same time, the index rallied more than 14% to a new all-time high, stopping at a distance near the 20,000 mark. It’s been …
Nifty gets August company: Rollover, historical data hint further uptrend in the month Read More »
Markets recovered on July 31 after ending in the red for two days, but experts still see major indexes trading in a range until Nifty breaks near all-time highs this is close to 20,000 points, with the critical support at 19,500 points. We have seen participation from most sectors except for consumer staples which helped …
The Reserve Bank of India (RBI) will keep its benchmark interest rate at 6.50% until the end of March 2024, according to a Reuters poll of economists who have pushed downgraded their expectations for the first rate cut in the second quarter of 2024 than expected. first quarter in a June survey. Inflation in Asia’s …
RBI to hold rates at 6.50% through Q1 2024, cut in April-June: Poll Read More »
All three major U.S. indexes ended the week with gains, after a whirlwind of Big Tech earnings, economic data and central bank announcements bolstered investor confidence in a sharp drop. soft wing for the US economy. Data showed on Friday that annual inflation in the United States slowed significantly in June, potentially bringing the Federal …
Wall Street ends week higher on US soft landing hopes Read More »
A group of US lawmakers have urged the Biden administration to take executive action to introduce priority dates for India’s green card applicants to reduce the 195-year waiting period that leaves them in the dark. sure. Led by Representatives Raja Krishnamoorthi and Larry Bucshon, the bipartisan group of 56 lawmakers sent a letter to Secretary …
India’s largest power generation company, NTPC, is expected to report good growth in net profit for the quarter ended June 2023 compared to a year ago. Autonomous profit after tax is expected to grow 24% year-on-year to Rs 4,543.23 crore in the first quarter of fiscal 2024, while revenue is expected to grow 5% year-on-year …
NTPC Preview: 24% rise in Q1 net likely, brokerages positive on growth prospects Read More »
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