Posts in category Economic Times
ABB India Q1 Results: Net profit jumps 87% to Rs 460 crore (11-05-2024)
During the quarter, consolidated revenues came in at Rs 3,080 crore, up 28% from Rs 2,411 crore in the year-ago period.
Sensex can zoom to 1.5 lakh by 2029 but don’t be a speculator (11-05-2024)
While there are several reasons for this surge, peaks and troughs, booms and busts are an integral part of the stock market saga - much like the waves of the sea, which incessantly rise and fall. Hence, there could be an element of “irrational exuberance”, “froth” and “bubble”.
Embracing Bitcoin’s Volatility: Why price fluctuations shouldn’t scare investors (11-05-2024)
Bitcoin is a revolutionary asset that defies traditional financial structures. Unlike companies, Bitcoin has no CEO, management team, earnings to hit, or competitors vying for its market share. It is a physical, bearer asset that can be held without counterparty risk, similar to gold, and it has no dilution risk.
Bitcoin trades at $62,000 level amid regulatory scrutiny in the US (11-05-2024)
Despite facing these hurdles, Bitcoin has shown remarkable resilience, boasting a staggering 127% increase in value over the past year. It has firmly held above the $60,000 threshold, with immediate support pegged at $61,300 and resistance at $64,500, currently trading at $63,000.
Key lessons from Anthony Bolton: Strategies for wealth accumulation (11-05-2024)
Anthony Bolton emphasizes that successful investing involves not only identifying lucrative opportunities but also mitigating potential pitfalls. He stresses the importance of thoroughly studying balance sheets and treating associated risks with utmost seriousness.
IPO Calendar: Primary market to host Go Digit’s highly-anticipated issue, 4 SME IPOs & 12 listings next week (11-05-2024)
Amidst a busy week in the primary market, Go Digit's highly anticipated IPO is set to launch on May 15. Despite election season, three companies raised over Rs 6,000 crore with positive response. Additionally, four SME IPOs and 12 listings are scheduled for next week.
Eicher Motors Q4 results: PAT jumps 18% YoY at Rs 1,070.45 crore. Rs 51/share dividend announced (11-05-2024)
Eicher Motors recorded an 18% YoY increase in consolidated net profit to Rs 1,070.45 crore for Q4 2024, with sequential growth of 7.5%. Total revenue reached Rs 4,256.04 crore, up 12% YoY. The board declared a final dividend of Rs 51 per share, totalling Rs 1,396.41 crore.
Here’s where India stands on the list of most valuable exchanges (11-05-2024)
NSE, valued at Rs 2.73 lakh crore or about $33 billion, is currently the world's seventh-most-valuable stock exchange.
Rs 8,300 crore worth block deals take place this week; SBI, Zomato and Vodafone Idea see major action (11-05-2024)
In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore, led by Kotak Mahindra Bank with 24 block counts, totalling Rs 1,500 crore.
Crude oil prices near 2-month lows. What’s next? (11-05-2024)
The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar correction was witnessed in the Asian Brent and the domestic MCX futures as well.