The billionaire has reportedly been in regular contact with the Russian president, heaping more scrutiny on the power and influence the entrepreneur wields over the U.S. government.
UTI AMC Q2 Results: Net profit jumps 31% YoY to Rs 239 crore (25-10-2024)
UTI Asset Management Company on Friday reported a 31 per cent on-year jump in profit after tax (PAT) at Rs 239 crore in the three months ended September 30, 2024. The company had posted a PAT of Rs 183 crore in the same quarter of the preceding fiscal year, UTI AMC said in a regulatory filing.
Cholamandalam Investment Q2 Results: Cons PAT at Rs 968 crore vs Rs 773 crore a year ago (25-10-2024)
Cholamandalam Investment and Finance Company Ltd has reported a consolidated profit after tax for the July-September 2024 quarter at Rs 967.80 crore, the company said on Friday.
Russia Raises Interest Rate to 21 Percent, Its Highest in Decades (25-10-2024)
Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.
Sattrix Information Security : Emerging Moat, Managed SOC as a Service Microcap (25-10-2024)
Glassdoor reviews are often biased , mostly ranging from 5 stars to 1 star. Sattrix hires fresh graduates from local Ahmedabad colleges, and trains them for L1/L2L3/L4 skills, in-return it tries to ring fence them with bonds etc which backfires, and so the understandable backlash on Glassdoor, but I hope they use better methods like esops and rention bonuses to retain their talent.
Societe Generale sells 0.5% stake in IndusInd Bank for Rs 421 crore (25-10-2024)
Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank’s shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), Paris-headquartered Societe Generale offloaded 39.30 lakh shares or 0.50 per cent stake in IndusInd Bank.
Coal India Q2 Results: Cons PAT falls 22% YoY to Rs 6,289 crore, revenue down 6%; Rs 15.75 dividend announced (25-10-2024)
Coal India Q2 Results: Government-owned miner Coal India reported a 22% fall in its September quarter consolidated net profit for the quarter ended September 30, 2024 at Rs 6,289 crore versus Rs 8,049 crore reported by the company in the year ago period.
Sattrix Information Security : Emerging Moat, Managed SOC as a Service Microcap (25-10-2024)
As I understand they have strategically put their Cybersecurity platform( NewEvol) under a different entity which is not listed but owned 100% by the same owner because they also act as implementation partners of IBM (Q Radar), Splunk (Cisco) and Sentinel (Microsoft). listing their own Cybersecurity platform would lead to direct competition against them, and thus loosing on potential revenue from their partnerships. What’s commendable is that they have built their own Cybersecurity platform that matches in features against the biggest MNC’s, and they are just a tiny 120 cr mcap company, Indian companies want cheapest with the best features and that’s what this tiny cybersecurity company is trying to offer.
Sandeep Kamath Portfolio | Momentum Investing (25-10-2024)
So finally got to experience a bigger shakeout in the portfolio. While indexes still seem a little ok, I think the pain got a little bigger in certain pockets of the market. Some of the stocks in my portfolio were a part of it and thus I finally needed to do some swaps.
Exits →
- MRPL
- UCO Bank
- SWAN ENERGY
Entries →
- ANANT RAJ
- DIXON TECH
- GLENMARK PHARMA
Given the not so encouraging quarterly results ( even last quarter was just about average ), we may see a broader correction in the days to come.
Portfolio start date → Jan 23, 2024
Total returns → 39.75%