UltraTech Cement’s (UTCEM) operating performance was in line with expectations, with consolidated Ebitda at Rs 33.2 bn compared to the estimated Rs 33 bn and Ebiitda per tonne at Rs 1,049 compared to the estimated Rs 1,043. The adjusted profit was Rs 16.7 bn compared to the estimated Rs 17.5 bn. The company was able […]
Indian benchmark indices are likely to open on a positive note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the green at 18,088 level. In the previous session, Sensex closed above 61,250 and the Nifty settled above 18,000. “Technically, post the 17,900 breakout the market is comfortably trading above 17,850, which is […]
The rupee gained 32 paise to close at 82.27 (provisional) against the US dollar on Thursday, tracking the weakness of the American currency in the overseas market. Traders said the weak US Dollar and decline in US Treasury yields on the back of dovish Federal Open Market Committee (FOMC) boosted investor sentiments. Also read: Markets […]
Indian benchmark indices are likely to open in green on Monday, hinted SGX Nifty. On the Singapore Exchange, Nifty futures traded 50 pts up at 17740, signalling a positive start for domestic share market. In the previous session, Sensex closed 1.45% down at 59,331, while the Nifty declined 1.6% to 17,604. “Markets are pointing toward […]
In an effort to make your portfolio dodge the double-edged sword of recession and inflation, it is important to have both fixed income assets and gold on one side, and equities on the other, said Gurmeet Chadha, CEO of Complete Circle Consultants. At FinancialExpress.com Manage Your Money panel discussion, Gurmeet Chadha and market veteran Sanjiv […]
HDFC Bank on Thursday said that the Reserve Bank of India has approved the appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director for a period of three years, with effect from April 19, 2023. HDFC Bank had, on November 24, 2022, made its recommendation to the RBI for redesignation. […]
Digital payments app for merchants BharatPe on Tuesday announced its financial performance for the fiscal year 2023. The company reported an 182 per cent increase in its revenue from operations to Rs 904 crore from Rs 321 crore in FY22 while loss before tax dropped to Rs 886 crore from Rs 5,594 crore in the […]
The Centre is contemplating the expansion of the Patna Metro Rail network up to the revered Sikh shrine Sri Takht Harmandir Patna Sahib Gurudwara, announced Union Minister Hardeep Singh Puri on Tuesday (December 26). This development comes in response to a request made during a function at the Gurudwara, attended by several BJP leaders, including […]
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. […]
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. […]
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