Posts in category Economic Times
Hong Kong spot crypto ETFs to start trading next week (24-04-2024)
Hong Kong spot bitcoin and ether ETFs debut on April 30, marking Asia's first official cryptocurrency investment tools in the region's financial hub, with $12 billion inflows into U.S. ETFs driving the market.
Bitcoin environmental battles heat up in US (24-04-2024)
Bitcoin industry battles increase in US. Environmental concerns grow over energy consumption. Legal fights erupt over mining permits. Community backlash against noise and pollution. State-level laws challenge local regulations on mining operations.
Tesla jumps 10% as Musk’s promise of ‘more affordable’ cars eases growth fears (24-04-2024)
Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. The newly minted plans also helped Wall Street shrug off the company's weak first-quarter results, including a lower-than-expected profit and the first drop in quarterly revenue in nearly four years.
Nifty Next 50 Index derivates debut on NSE. Over 1,200 futures contracts traded on first day (24-04-2024)
A release by the NSE claimed that the new derivatives contract received a positive response from market participants with more than 375 trading members from across the country participating in the index derivatives. The trading members involved in execution of the initial trade include East India Securities Limited, and Samco Securities Limited.
Lodha Q4 Results: Net profit jumps 21% YoY to Rs 670 crore; co reports best-ever quarterly, annual presales (24-04-2024)
The developer recently raised $400 million or over Rs 3,300 crore from investors including Invesco Oppenheimer, Blackrock, Carmignac, APG and HDFC Life through a qualified institutional placement (QIP) issue. This was the fourth equity raise by Lodha in the last 36 months totalling Rs 13,000 crores of capital including its initial public offer (IPO) in April 2021.
Syngene Q4 Results: Net profit rises 6% to Rs 189 crore, revenue drops 8% (24-04-2024)
The earnings before interest, tax, depreciation and ammortisation dropped 1% YoY to Rs. 333 crore in Q4FY24. The EBITDA margin rose 300 basis points YoY to 36%.
IHCL Q4 Results: Profit jumps 29% YoY to Rs 438 crore (24-04-2024)
The hotel chain has commenced a five-year capital deployment plan from financial year 2023 to 2027 totalling Rs 3,500 crore towards key asset upgradation and building capabilities. It will also introduce the re-imagined Gateway, a full-service hotel offering in the upscale segment.
Overseas listing: RBI notifies amended FEMA regulations (24-04-2024)
The Reserve Bank has notified amendments to the FEMA regulations related to purchases of shares of Indian companies on international exchanges. The central bank has also notified the amendments to Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations.
Ahead of Market: 10 things that will decide D-Street action on Thursday (24-04-2024)
The benchmark NSE Nifty50 and the S&P BSE Sensex indexes each settled about 0.2% higher at 22,402 and 73,853, respectively. Nifty on Wednesday ended 34 points higher to form a Doji candle on the daily chart which indicates indecisiveness prevailing in the marketplace at the current juncture.