Posts in category Economic Times
Six Adani group companies receive show-cause notices from Sebi (03-05-2024)
These notices were issued following Sebi's investigation into the allegations made against the Adani Group by US-based Hindenburg Research.
Telecom shares have many tailwinds, could gain 9-16%: BofA (03-05-2024)
BofA said it expects a tariff hike of 20-25% as against earlier expectation of 10-15%, which could improve cash flows that will be utilised by telecom companies to grow high-margin fiber broadband and enterprise or data-center offerings.
Kotak Bank falls another 3% as Manian exit adds to talent loss (03-05-2024)
Kotak Bank shares fell as much as 4.4% during Thursday's trading to ₹1,552.4 before recovering partially. On the BSE alone, over 1.05 crore Kotak shares changed hands against a two-week daily average of 5.87 lakh shares.
Gift Nifty down 2 points; here’s the trading setup for today’s session (03-05-2024)
Domestic markets rose after US Fed's rate decision. Nifty futures flat. India VIX up. Asia equities, yen advance pre US jobs data. US stocks gain. Oil prices edge up on OPEC+ cuts, amid Israel-Hamas war.
Stocks in news: Coal India, YES Bank, Coforge, Tata Technologies, Bajaj Finance, Adani Green (03-05-2024)
Markets rebounded on Thursday. Coal India reports 26% net profit growth. YES Bank may see Carlyle Group stake sale. Coforge approves Cigniti Technologies acquisition. Titan, Adani Green, Britannia, MRF, Tata Tech, Godrej Properties in focus ahead of earnings.
Gilty, My Lord! Pension funds bond more with govt debt (03-05-2024)
NPS drives record investment in government bonds to 4.4%, totaling ₹4.67 lakh crore. Shift towards debt, influenced by market performance, particularly in fixed-income, reflects security-focused investment decisions amidst changing yield dynamics and retirement strategies.
Fizz on the Street: Coke bottler looks to uncork IPO plans (03-05-2024)
Coca-Cola's bottling operations in India are handled by HCCB and half a dozen franchisees that manufacture and distribute fizzy drinks Coke, Thums Up and Sprite, juices Minute Maid and Maaza, and Kinley water. Bottling is split evenly between HCCB and the franchisees.
Apple unveils record $110 billion buyback as results beat low expectations (03-05-2024)
Apple's quarterly results beat expectations with a record share buyback program and increased cash dividend. The $110 billion stock buyback is the largest in the company's history. CEO Tim Cook foresees revenue growth.
Ajanta Pharma Q4 Results: Net profit soars 66% YoY to Rs 203 cr (02-05-2024)
Revenue from operations rose to Rs 1,054 crore in the fourth quarter of FY24 as compared with Rs 882 crore in the year-ago period, Ajanta Pharma said in a regulatory filing. For the year ended March 31, 2024, the company posted a consolidated net profit of Rs 816 crore as against Rs 588 crore in the 2022-23 fiscal year.
Coforge Q4 Results: Net profit zooms 95% YoY to Rs 223.7 crore (02-05-2024)
Coforge's revenue from operations was up 8.68 per cent to Rs 2,358.5 crore against Rs 2,170 crore in the corresponding quarter in FY23, according to a regulatory filing by the company.