Posts in category Economic Times
GIFT Nifty down 60 points; here’s the trading setup for today’s session (24-05-2024)
"We expect this Positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: Honasa Consumer, ITC, IndiGo, Vodafone Idea, ZEE (24-05-2024)
Honasa Consumer, which owns and operates Mamaearth, on Thursday reported a net profit of Rs 30.4 crore for the fourth quarter ended March 2024.
Dhanalaxmi Bank FY24 net profit up 8.4% (24-05-2024)
The share of low-cost deposits (current and savings accounts) was 30.6%. Net interest income stood at ₹458 crore and non-interest income at ₹152 crore for FY24.
Service charge by new-age private banks, SFBs seen as reasonable (24-05-2024)
"The study found that services such as the SMS alert after an account is debited, which is mandated by the RBI, are charged by many banks. Bank of India, for instance, charges for SMS alerts of payment OTPs," said Ashish Das, professor of statistics at IIT Bombay, and the author of the study.
Hong Kong mulls nod for Ether ETF staking in contrast to US (24-05-2024)
The talks are ongoing and there's no clear timeline for a decision, the people added, asking to not be identified discussing private information. A spokesperson for the SFC didn't immediately respond to a request for comment.
Apis, Madison and ROC Capital sell Star Health shares worth Rs 2,210 core (24-05-2024)
Apis Partners held a 2.61% stake via Apis Growth 6, Madison Capital via Mio Star held 2.21% and Mio IV Star held 2.39%, and ROC Capital owned 1.01%, as of March 2024. Mio IV Star, ROC Capital and Apis Partners liquidated their entire stakes in the deal.
Go Digit Insurance lists at 5.15% premium over issue price (24-05-2024)
Shares touched a high of ₹314 during the day, before closing at ₹305.65. The company's market capitalization on Tuesday was ₹28,034.29 crore at close. The ₹2,614-crore IPO been subscribed over 9 times on its final day of bidding.
Gold’s march likely to continue, use price corrections to buy (24-05-2024)
Gold prices have moved up sharply in recent times and outperformed the Nifty 50 over a 5-year period returning 17.39% against the Nifty's return of 15.24%. However, it trailed over a 10-year period returning 9.02%, against the Nifty 50 return of 13.3%. Over the last three months, prices rose 19%, while over a year, they rose 22.8%.
Easing global yields bring FPIs back to Indian govt bonds (24-05-2024)
From May 8 to 22, foreign portfolio investors' holdings of fully accessible route (FAR) Indian government bonds increased ₹3,304.8 crore to ₹1.6 lakh crore, showed latest data on the Clearing Corporation.
Local pharma companies queue up for JB Chemicals & Pharmaceuticals (24-05-2024)
Mankind Pharma, Dr Reddy’s Laboratories, and Torrent Pharma are interested in acquiring JB Chemicals & Pharmaceuticals from KKR. Private equity funds are discouraged by high valuation, with first round of bids expected soon.