Sebi has fined multiple entities a total of Rs 27 lakh for non-genuine trades in the BSE’s illiquid stock options segment and regulatory violations. The penalties include Rs 15 lakh on three traders for artificial volumes, Rs 5 lakh on Rudra Shares & Stock Brokers, and Rs 7 lakh on a research analyst for non-compliance.
Posts in category Economic Times
NTPC Q2 Results: Net profit grows 14% to Rs 5,380 crore (24-10-2024)
The Board of Directors also approved the first interim dividend of Rs 2.50 on the face value of paid-up equity shares of Rs 10 each for the financial year 2024-25. The date of payment/dispatch of the dividend will be 18 November 2024.
NBFC growth to be hit due to rising unsecured loan stress (24-10-2024)
Non-bank financial companies (NBFCs) will face stress from unsecured loans due to higher interest rates impacting borrowers’ repayment capacities this fiscal year, says rating agency ICRA. Growth in microfinance and other unsecured loans will slow significantly. As a result, NBFC profitability will be affected. Regulatory guidelines will also play a role in moderating credit growth.
UPS returns to profit, revenue growth ahead of crucial holidays; shares jump 10% (24-10-2024)
The world’s biggest package delivery firm also raised its full-year adjusted operating margin forecast despite customers’ ongoing switch to slower, cheaper deliveries in the long retrenchment that followed the early pandemic’s e-commerce boom.
ITC Q2 Results: PAT grows 3% to Rs 5,078 crore, revenue rises 16% (24-10-2024)
ITC’s Q2 revenue was ahead of street estimates while net profit was in line with the expectations. Nuvama Institutional Equities said ITC’s cigarette sales volume grew by 3.3% yoy last quarter which too was ahead of street estimates.
Boeing shares fall after workers reject latest offer (24-10-2024)
Some 64% of the planemaker’s U.S. West Coast factory workers rejected the offer late on Wednesday, leaving assembly lines idle for nearly all of Boeing’s commercial jets, including the 737 MAX, the backbone of its balance sheet.
Dixon Tech Q2 Results: Profit skyrockets 265% to Rs 412 crore (24-10-2024)
In the second fiscal quarter, Dixon Technologies announced it will divest its entire 50% stake in the joint venture company AIL Dixon to Aditya Infotech through a transfer of 95 lakh equity shares of the JV. The one-time exceptional gain came from this transaction.
DCB Bank Q2 Results: Profit jumps 23% to Rs 155 crore, NII up 7% (24-10-2024)
While advances grew 19 percent year-on-year and deposit grew 20 percent year-on-year. The bank’s gross non-performing assets ratio as on September30, 2024 was at 3.29 percent compared to 3.36 percent as of end September 2023.
Suryoday Small Finance Bank Q2 Results: Profit declines 10% to Rs 45 crore on higher provisions (24-10-2024)
Higher provisions pulled down Suryoday Small Finance Bank’s net profit by 10% in the September quarter at Rs 45.4 crore as compared with Rs 50.3 crore in the year-ago period.