Posts in category Economic Times
Wall St Falls, Yields Rise on Hot Labour Cost Data (01-05-2024)
Tesla dipped 5.2% following a 15% surge in the previous session after a report that CEO Elon Musk had dismissed two senior executives and plans to lay off hundreds more employees.
Tata Comm taking sustainable route for $1 billion fundraising goal (01-05-2024)
Bank of America advises Tata Communications on a $1 billion fund framework incorporating ESG standards. The funds will refinance existing loans, structure fresh loans, and offer pricing benefits tied to environmental, social, and governance targets.
Sebi allows FPIs in GIFT City to take more investments from NRIs & OCIs (01-05-2024)
Sebi approves increased FPI participation from NRIs and OCIs via IFSCs, simplifies mutual funds' passive schemes. Measures to deter front-running by asset management companies. Issuers can now offer NCDs and NCRPS at reduced face value.
Soaring prices no bar, demand for gold rises 8% in March quarter (01-05-2024)
Demand for gold bars, coins, and jewellery increased in March quarter. Total gold demand rose due to rising investment interest, positive inflows in gold ETFs, and strong macroeconomic support in India.
Indian Oil Q4 Net Dives 52% to Rs 4,838 cr (01-05-2024)
Indian Oil's Q4 profit declines sharply to ₹4,838 crore, with revenue at ₹2,19,876 crore. Declares a final dividend of ₹7 per share. Operating margin reduces to 3.05%. LPG cylinders sale loss affects overall profit.
Stock Market Holiday: Are Indian stock exchanges NSE and BSE open for trading today? (01-05-2024)
Indian stock exchanges NSE and BSE will be closed on Wednesday for Maharashtra Day. MCX will have no morning trading but will resume trading in the evening, while NCDEX will remain shut all day. As per the BSE holiday calendar, trading holidays have been announced on 14 days in 2024.
Election season, so what? IPO floodgates to stay open in May (01-05-2024)
May's IPO frenzy continues with companies raising funds despite election season volatility. Vodafone Idea FPO oversubscribed 7 times, Bharti Hexacom trading at a 52% premium. ICICI and Kotak remain positive. Ola Electric plans $1 billion IPO.
Sebi to revamp norms to ensure fairness for AMCs (30-04-2024)
The regulator said such FPIs with NRIs and OCIs as clients should be based out of International Financial Services Centres (IFSCs) in India and regulated by the International Financial Services Centres Authority (IFSCA).
Geojit Financial Services Q4 Results: PAT zooms 73% YoY to Rs 52 crore (30-04-2024)
Geojit Financial Services Q4 Results: In the fourth quarter of the last financial year, the firm's consolidated revenue rose 79% to Rs 209 crore. It was at Rs 117 crore a year ago. For fiscal 2023-24, its profit after tax jumped 48% to Rs 149 crore.
Indus Towers Q4 Results: Net profit grows 19% QoQ to Rs 1,853 crore (30-04-2024)
Indus’ consolidated revenue for the January-March quarter stood at Rs 7,193 crore, up 6.5% year-on-year. For the fiscal year ended March 31, 2024, the company’s consolidated net profit grew 196% on-year to Rs 6,036 crores..