Indian buyers, who have been major buyers of cheap Ural crude since the invasion of Ukraine, say Russian barrels remain one of the most affordable options despite shrinking discounts to global standards. and that it does not intend to turn its eyes away from Moscow. India’s consumption of Russian crude has surged since last year, …
India’s Russian oil buying spree continues even as prices climb 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 »
LIC shares rose 4% on August 11 after the insurer reported multiple increases in net profit for the quarter to June 2023 of INR 954.3 billion, up from INR 682 million in the same period last year. did. Investors calmly accepted the decline in premiums and the number of policies sold. At 9:20 am, LIC …
LIC shares shrug off fall in premium, trade 4% higher on surge in Q1 profit Read More »
Shares of Tata Power rose 2% in morning trading on August 10, a day after the company reported a 29% year-on-year (YoY) increase in Q6 net profit to Rs 1,141. crore. Net profit includes a special category of core Rs 235. The Tata Group company reported a 5% increase in revenue year-on-year to Rs 15,213.3 …
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 »
As expected, the Monetary Policy Committee (MPC), the interest rate-setting body in India, left the repo rate unchanged on August 10, citing a lingering threat of inflation in the economy. Asia’s third largest. The decision comes after a recent spike in inflation due to soaring food prices. A basis point is a hundredth of a …
RBI Policy: As inflation fears continue, MPC keeps repo rate unchanged yet again 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 Varroc Engineering Ltd. rose more than 12% in early trading on Aug. 10 after the company posted a profit in the first quarter of fiscal 2024 from a loss a year ago. As of 9:30 a.m., shares traded at Rs 386 on BSE, up 12.7% from the previous close, while Indian benchmark Sensex …
Varroc Engineering jumps 12% on Q1 profit, debt reduction 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 Aarti Industries Limited fell 3% to Rs 458 at 09:20 on August 9 after the company’s net profit fell nearly 50% to Rs 70 crore in the first quarter. The figures also missed analysts’ estimate that net profit was around Rs 75 crore. Chemical manufacturers’ operating revenue also fell 12.1% to Rs 1,414 …
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