Posts in category Economic Times
Adani Green Energy seeks $400 million loan for capex push (25-04-2024)
In addition to this loan, Adani Green is planning to raise a $1.3 billion bond in the next two months, after the general elections. Last month, it became the first Adani Group company to raise funds through a dollar note sale after a year of the release of the US-based short seller Hindenburg Research's report alleging wrongdoings at the group, showing signs of investor confidence.
Vedanta demerger likely to get nod from lenders by May end (25-04-2024)
Mumbai-listed Vedanta had announced a demerger in September last year. It intends to form six companies, each of which will house its different businesses - aluminium, power, oil and gas, base metals and steel. Goel reiterated that the demerger is on track to be concluded by the end of the calendar year.
Ahead of Market: 10 things that will decide D-Street action on Friday (25-04-2024)
Sensex on Thursday surged 487 points to settle at 74,339. NSE Nifty advanced 168 points to close at 22,570. Nifty formed a bullish engulfing candle following a series of small candles
LTTS Q4 Results: Net profit grows marginally to Rs 340 crore (25-04-2024)
L&T Technology Services (LTTS) on Thursday reported a marginal 0.2 per cent growth in net profit for the March quarter at Rs 340 crore on slower revenue growth and narrowing of margins. The company said it is planning to add 500 employees during the April-June period.
Deutsche Bank Q1 Results: Profit jumps 10% as investment bank outperforms (25-04-2024)
Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.
IBM falls 9% as enterprise-spending constraints choke consulting demand (25-04-2024)
Shares of International Business Machines fell more than 9% on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.
IndusInd Bank Q4 Results: Net profit jumps 15% YoY to Rs2,349 crore (25-04-2024)
IndusInd Bank reported 15% growth in net profit to Rs2,349 crore for the quarter ended March 31, 2024 compared to ₹2,043 crores during corresponding quarter of previous year on account of increase in loan book and higher yield on advances.
Market Trading Guide: TVS Motor, JSW Steel among 5 stock recommendations for Friday (25-04-2024)
The S&P BSE Sensex closed 0.66% higher at 74,339, while the NSE Nifty50 index ended above the 22,550 level.
Kotak Bank deposit growth may be hit, shares fall 11% (25-04-2024)
On Wednesday evening, the Reserve Bank of India (RBI) barred the Uday Kotak-promoted lender from onboarding new customers through its online and mobile banking channels and directed them to stop issuing new credit cards. The regulator cited “serious deficiencies and non-compliances” and “continued failure on the part of the bank to address these concerns in a comprehensive and timely manner.”