Posts in category Economic Times
These 6 capital goods stocks hit fresh 52-week highs; rallied up to 21% in a month (26-04-2024)
The significance of the 52-week high lies in marking a stock's peak value over the preceding year, which holds importance for traders and investors.
RBI sets eligibility rules for SFBs seeking universal banking licence (26-04-2024)
RBI said that listed and profitable small finance banks with gross non-performing assets ratio less than 3% for last two fiscals can apply for universal banking license. Additionally, they need to have a net non-performing assets ratio less than 1% for the last two financial years. They also need to be profitable for the last two fiscals.
NFRA bans Brightcom, CMIL auditors, imposes penalties for lapses (26-04-2024)
The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22.
Eveready Q4 Results: Company back in black with Rs 8 crore net profit (26-04-2024)
Eveready Industries India announced a fourth-quarter profit of Rs 8 crore for the period ended March 2024, compared to a loss of Rs 14.39 crore in the corresponding quarter of FY'23, amidst a marginal dip in operational revenue to Rs 281 crore.
CSB Bank Q4 Results: Net profit drops marginally to Rs 152 crore on higher provisions (26-04-2024)
Fairfax-backed CSB Bank on Friday reported a marginal fall in net profit for the March quarter at Rs 152 crore, owing to higher provisions to cover credit losses.
Snapchat parent soars 25% after beating revenue, user growth estimates (26-04-2024)
Shares in Snap jumped nearly 25% in on Friday after targeted ads and new features helped the owner of the photo messaging app beat Wall Street expectations for first-quarter revenue and user growth.
Intel shares slump over 12% as AI competition hurts forecast (26-04-2024)
Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
Japan’s yen hits new 34-year low; US dollar rises after inflation data (26-04-2024)
The dollar soared to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with expectations and affirming expectations the Federal Reserve will likely delay cutting interest rates to later this year.