Posts in category Economic Times
M&M Fin Q4 net falls 10% on provisions, interest costs (06-05-2024)
Standalone net profit fell to ₹619 crore in the quarter from ₹684 crore a year ago, largely as total provisions increased to ₹341 crore in March 2024 from just ₹38 lakh in the quarter ended March 2023, results released late Saturday night showed.
Strong resistance for Nifty at 22,800; Vix rise a worry (06-05-2024)
Investors need to lighten their long bets and move to cash, as correction may provide a better entry point soon. We expect the correction to continue in IT, media and FMCG stocks.
Citi targets clients with a ‘digital nexus’, high transaction volumes (05-05-2024)
Citi is strategically targeting high transaction volume sectors in India like industrials, auto supply chains, clean energy, mobility, consumer, and healthcare. The bank aims to maintain its lead in funding digital disruptors and supporting startups in navigating market conditions.
NCLAT dismisses Religare’s appeal against CCI nod (05-05-2024)
NCLAT rejected REL's appeal regarding Burman's share acquisition. CCI ensures fair competition. Justice Khanna and Mehrotra maintained status quo. Fraud allegations, ESOP issuance, remuneration without approval are under scrutiny.
Kotak MD, CEO Ashok Vaswani guides for a hit of up to Rs 400 cr from RBI curbs (05-05-2024)
Kotak Mahindra Bank's CEO discusses potential impact of RBI restrictions on profitability. The bank prioritizes prudence in credit growth and aims to mitigate the impact while focusing on smart business growth strategies.
IndusInd promoter company to raise stake in bank to 26% (05-05-2024)
IIHL, an investment arm of the Hinduja brothers, aims to improve valuation of its investment to $50 billion by 2030. IIHL has already received RBI nod to raise its state in IndusInd Bank to 26%. The investment arm also plans to grow life and non-life businesses, start its health insurance operations and will retain Reliance Securities and ARC businesses.
Ahead of Market: 10 things that will decide stock action on Monday (05-05-2024)
Indian shares declined on Friday, as profit booking emerged after the Nifty 50 scaled a record high, trimming weekly gains for the blue-chip indices
ET explainer: Why RBI’s dividend payout to govt this year will be lower (05-05-2024)
The budget estimates dividend transfer in FY'2024-25 at Rs 1.02 lakh crore from the Financial sector entities including the Reserve Bank and public sector banks. But a bulk of the dividend flows is from the central bank.
Technical Breakout Stocks: How to trade Ajanta Pharma, BHEL and Hindustan Zinc on Monday? (05-05-2024)
Indian market witnessed profit-taking on Friday tracking muted global cues. The S&P BSE Sensex plunged more than 700 points while the Nifty50 closed below 22,500 levels.