Posts in category Economic Times
Oil prices fall on worries of higher US interest rates (23-05-2024)
Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5%, at $77.14.
US stocks fall after Fed minutes; Nvidia shares climb after the bell (23-05-2024)
Investors had focused on whether Nvidia's first-quarter results could meet sky-high expectations and whether the outsized rally in artificial intelligence-related stocks could be sustained.
Granules promoter Chigurupati sells stake (23-05-2024)
About 75 lakh shares worth 303.81 crore were sold at 405.08 apiece and were bought by 8 funds at 405-405.1. Axis MF, Massachusetts Institute of Technology and Fidelity Funds' India Focus Fund were the top buyers.
GIFT Nifty down 30 points; here’s the trading setup for today’s session (23-05-2024)
"Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma (23-05-2024)
Grasim Ltd, part of the Aditya Birla Group, reported 39% growth in its consolidated net profit (excluding exceptional item) at Rs 1,908 crore for the quarter ended March 2024.
Liquidity deficit surges to four-month high (23-05-2024)
The shortfall of funds has pushed up the weighted average call rate (WACR), which represents banks' overnight cost of borrowing and functions as a determinant of other borrowing costs in the economy too. On Wednesday, the WACR closed at 6.75%, the same rate as the RBI's Marginal Standing Facility (MSF).
Dabur’s Burmans fire fresh salvo at Religare’s Saluja (23-05-2024)
This is the second time the Burman family, the largest shareholders of Religare, has accused Saluja of insider trading violations. In September, the Burmans accused Saluja of insider trading ahead of the open offer announcement.
Grasim Q4 revenue at record Rs 37,727 crore (23-05-2024)
While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional item charge of ₹538 crore, the bottomline rose by two-fifths on year.