Reliance Industries Ltd share price jumped 1% to Rs 2372.25 on Monday after Mukesh Ambani-led company’s net profit surged 19.1% to Rs 19,299 crore on-year in Q4FY23, beating analysts’ expectations. RIL revenue for the January-March quarter rose 2.1% on-year, to Rs 2.16 lakh crore. RIL shares have risen over 6.5% in past one month, but […]
The possible end to rising interest rates and the prospect of a pivot may lead to renewed interest in emerging markets, according to Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies. However, given the relatively rich valuations, India may witness subdued flows compared to other markets, he said in an interview with Ashley Coutinho. […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading lower on Thursday as a result of negative global cues, while the silver rate is down 0.23%. On Multi Commodity Exchange, gold April futures were trading at Rs 54,835 per 10 grams, down Rs 76 or 0.14%. Silver May futures were trading […]
By Amit Cowshish With the general elections for the 18thLok Sabha due early next year, Finance Minister Nirmala Sitharamanis expected to present an interim Budget for the coming fiscal on February 1, 2024. Some concessions can, however, be expected to be made to generate a feel-good effect among the voters and counter the promises of […]
Avalon Technologies IPO opened for subscription on 3 April, Monday and will conclude on Thursday, 6 April. The price band for the IPO has been fixed at Rs 415-436 a share, making the issue size Rs 865 crore at the upper end. Ahead of the IPO, the company raised Rs 389.25 crore from anchor investors. […]
The Delhi airport on December 25 diverted eight flights between 6 am to 9 am due to bad weather conditions, PTI reported earlier citing an official. While seven flights were diverted to Jaipur, one saw a diversion to Ahmedabad. Keeping yesterday’s figures in mind, what can be expected today? In its latest advisory posted at […]
Indian benchmark indices NSE Nifty and BSE Sensex opened green, however the indices fell half a percent as bears fought for dominance. While Sensex sank 254 pts to 60,812, Nifty 50 ended at 0.4% lower at 18,113. Bank Nifty settled in red, below the 42,500 mark. Majority of Sensex stocks closed in the red, with […]
Indian benchmark equity indices surged on Friday after GQG purchased stakes worth $1.87 billion in four Adani firms. The Nifty 50 rose 201.35 pts or 1.16% to 17,523.25 and Sensex surged 675.81 pts or 1.15% to 59,585.16. Bank Nifty skyrocketed 714.35 pts or 1.77% to 41,104.15. The top gainers on Nifty 50 were Adani Enterprises […]
By Manish Gupta The fourth quarter of FY23 likely marked a turnaround in the earnings of downstream oil and gas companies. State-run oil marketing companies (OMCs) likely made high “over-recoveries” on transport fuels with no retail price cut despite a moderation in crude oil prices and diesel cracks. In addition, their refining margins too remained […]
India’s largest IT company Tata Consultancy Services (TCS) is expected to report a double-digit jump in net profit for the fiscal fourth quarter, with estimates going as high as nearly 18% on-year, helped by strong sales and large deals momentum. TCS will kick-off earnings season with its Q4 FY23 results scheduled on 12 April, 2023. […]
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