Posts in category Economic Times
Street smart bulls refuse to be cowed down amid turmoil in Middle East (20-04-2024)
India's stock indices rose post volatile trading due to traders covering bearish bets on Israel-Iran conflict hopes. Rupee strengthened on likely RBI dollar sales, while gold surged. NSE's Nifty closed higher.
Wall St Week Ahead: ‘Crowded’ megacap trade in US stocks awaits earnings test (20-04-2024)
Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year.
Q4 results today: HDFC Bank among 8 companies to announce earnings (20-04-2024)
Q4 results today: The numbers were mixed for IT companies as TCS Q4 results beat the estimates, while Infosys struggled with softer FY25 and revenue miss.
IREDA Q4 PAT up 33% YoY with rise in income (19-04-2024)
The finance cost of the non-banking financial company rose in tandem with the revenue to ₹847 crore. Loan disbursement in the quarter was ₹12,869.35 crore up around 14% from the corresponding period last year.
Yarn manufacturer Sanathan Textiles files for Rs 800 cr IPO papers with Sebi (19-04-2024)
Sanathan Textiles plans an Rs 800 crore IPO with equity and OFS. DRHP includes pre-IPO placement details. Operates polyester, cotton, and technical yarn divisions, set to list on BSE and NSE.
Govt open to selling stake in GIC Re, LIC in FY24/25: Source (19-04-2024)
In FY 2024/25, India may sell a 10% stake in GIC for about Rs 57 billion. LIC plans to offload 10% over 7 years and 25% over 10 years post its successful IPO.
American Express Q1 Results: Profits jump 34%, helped by jump in new customers, higher spending (19-04-2024)
American Express's Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company's revenue sources expanded, with a focus on attracting high-quality customers despite payment challenges.
Sebi mulls framework for price discovery of investment cos trading below book value (19-04-2024)
Sebi's proposal for a special call-auction mechanism aims to address liquidity issues and improve fair price discovery in Investment Companies and Investment Holding Companies with significant market price-book value gaps.
These 6 stocks hit fresh 52-week highs; rallied up to 40% in a month (19-04-2024)
The importance of the 52-week high lies in indicating a stock's peak value over the preceding year, a crucial factor for traders and investors.