The circular does not restrict investments from land bordering countries in AIFs, but only asks for added due diligence and disclosures
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.
Zomato, Swiggy hike platform fee in certain cities (24-10-2024)
Online food delivery platforms Zomato and Swiggy have hiked platform fee in certain cities in the midst of festive season. The two rivals are now charging Rs 10 as platform fee in the national capital.
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.
Tube Investments Ltd ~ Diversified Engineering Company (24-10-2024)
The way I move is by keeping a cap of 5% on all equity exposure in Muruguappa as a group and with a further cap of 2.5% on any one company within the group that I have chosen without a bias on any one. All stocks selected moves in different patterns and with certain spikes and troughs. All I do is ploughing some from the out performers and feed them to under performers.Collective return being the objective, I don’t hesitate exiting fully from any one and remain open to re enter same later.
Working well so far and will continue to move on these lines knowing well the maximum downside on stock level as well as Murugappa as a group level.
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.