Data from at least three banks shows that a significant portion of the Rs 2,000 note in corporate deposits and exchanges comes from companies, not retail customers. The Reserve Bank of India (RBI) said on August 1 that the Rs 2,000 banknote worth Rs 3.14 lakh, equivalent to 88% in circulation, has returned to the …
Rs 2,000 note withdrawal: Banks see majority notes from businesses Read More »
Shares of FSN E-Commerce Ventures Ltd, the parent company of online fashion and cosmetics retailer Nykaa, fell more than 11% after posting poorer results for the June quarter. As of 09:40, the stock is trading at Rs 134 on BSE, down 8% from the previous closing price. The stock hit an intraday low of Rs …
Nykaa trades 11% lower on weak Q1 earnings; Kotak, Nomura downgrade stock Read More »
Shares of Patanjali Foods fell more than 2% in morning trading on August 14 after the company posted a 64% drop in net profit to Rs 87.75 crore for the first quarter of this financial year due to oil prices. eat less. Its net profit stood at Rs 241.25 crore in the previous year period. …
The upcoming truncated week will see a lot of activity in the primary market, as four IPOs will open registration and five new companies will be added to exchanges. Manufacturer of molded polymer products Pyramid Technoplast is the only motherboard IPO company, the auction will start on August 18, with prices ranging from Rs 151-166 …
Primary market action: Four IPO launches, five listings to take place next week Read More »
Hotel Tobacco Group ITC Ltd is expected to report a net profit of Rs 4,838.8 crore for the April-June quarter on August 14, following the average of six brokerages. surveyed by Moneycontrol. It shows an increase of 4.6% year over year and a growth of 10.3% on a sequential basis. The company’s revenue was pegged …
ITC Preview | Net profit may rise 4.6% in Q1, cigarette volumes likely to grow 8% Read More »
The RBI MPC (Monetary Policy Committee) left the repo rate unchanged at 6.5% at its August 10 meeting, in line with street expectations. As a result, the Permanent Deposit Facility (SDF) rate will remain unchanged at 6.25% and the Permanent Deposit Facility (MSF) and Bank Rate at 6.75%. MPC continues its stance of ‘withdrawing from …
Interest rate cut can be possible in Q1FY25 but that, too, would be data dependent Read More »
According to the late Rakesh Jhujhunwala, the biggest red flag in a business is that the promoter doesn’t want to authorize. In a 2013 lecture to students at FLAME University, India’s Big Bull said investors should look closely at corporate sponsors and management. “If the promoter signs anything, with his ego getting in the way …
Expect realistic returns, else head to racecourse road: Big Bull’s investing funds Read More »
Tata Motors said that domestic electric vehicle sales are expected to hit the 10k annual revenue mark by the end of the decade, and forecast green cars will account for 50% of total sales during the period. This. The Mumbai-headquartered automaker, which has passed the thousand-dollar cumulative electric vehicle sales milestone, is now making 14-15% …
EV sales to hit 10 lakh mark in India by end of decade: Tata Motors 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 …
Shares of MTAR Technologies fell 5% on early profit-taking on Aug. 11 despite the company’s strong first-quarter results. As of 10:24 am on the NSE, the shares were trading at Rs 2191.05, down 4.24%. The precision-engineered systems maker has reported profit for the quarter ending June 2024 of Rs 20.3 billion, up 25.4 per cent …
MTAR Technologies tanks 5% despite a 25.4% surge in Q1 net profit Read More »
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