Posts in category All News
IOB PAT rises 21% YoY to Rs 633 crore in Q1 FY25 (22-07-2024)
Indian Overseas Bank (IOB) reported 20.93% jump in net profit to Rs 632.81 crore on 21.53% rise in total income to Rs 7,568 crore in Q1 FY25 over Q1 FY24.
Survey lauds the importance of mkts in India’s growth (22-07-2024)
Capital markets are becoming more prominent in India's growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Further, Indian markets are resilient to global geo-political and economic shocks, it added. "Despite heightened geo-political risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best performing among emerging markets in FY24," the Economic Survey said.
Rising FPI inflows keep the Indian Rupee in a manageable range of ₹82 to ₹83.5/USD in FY24, Says Economic Survey (22-07-2024)
India witnessed positive net foreign portfolio investment (FPI) inflows in FY24 of USD 44.1 billion, supported by strong economic growth, a stable business environment, and increased investor confidence, as per Economic Survey 2023-24 tabled in Parliament on Monday. Rising FPI inflows kept the Indian Rupee in a manageable range of ₹82 to ₹83.5/USD in FY24. The Rupee emerged as the least volatile currency among its emerging market peers and a few advanced economies in FY24. The shock absorbers of Indias external sector - forex reserves, sustainable external debt indicators, and market-determined exchange rate, are in place to cushion the global headwinds. The relative stability of the rupee, despite a stronger US dollar and elevated US treasury yields, reflects the strength of the Indian economy's sound macroeconomic fundamentals, financial stability, and improvements in external position. In the future, robust foreign inflows and comfortable trade deficits are expected to keep the ...
Nitin Spinners standalone net profit rises 45.74% in the June 2024 quarter (22-07-2024)
Sales rise 30.12% to Rs 802.97 crore
India’s Youth Unemployment Down From 17.8% To 10% In Five Years; Says Economic Survey (22-07-2024)
The survey suggests that the youth unemployment rate has dropped from 17.8% in 2017-18 to 10% in 2022-23, with increased youth participation in the labor force.
Congress MP terms irregularities in NEET-UG exam as “biggest scam”, demands probe (22-07-2024)
Congress MP Hibi Eden has demanded a probe on the irregularities found in the conduct of NEET-UG 2024. Eden called it one of the "biggest scams", and called for immediate action in the matter during the first day of the monsoon session of the Lok Sabha. Lok Sabha Speaker Om Birla said the matter is being probed and added that India has the "best" examination system in the world.
Srivari Spices and Foods Limited (22-07-2024)
Beware of any company which is giving exponential guidance… The company is yet to establish brand presence… Cannot find its products in any retailer shop in hyderabad… No operating cash flows!
Mahindra Logistics reports consolidated net loss of Rs 9.32 crore in the June 2024 quarter (22-07-2024)
Sales rise 9.80% to Rs 1420.02 crore
MMP Industries consolidated net profit rises 41.10% in the June 2024 quarter (22-07-2024)
Sales rise 2.69% to Rs 155.51 crore