MFI Interest rates
Domestic markets expected to open flat (21-10-2024)
Market focus shifts to corporate results amidst heavy selling by foreign portfolio investors
JSW Energy arm inks pact to acquire 3 SPVs from Hetero Group (21-10-2024)
JSW Energy said that its wholly owned subsidiary, JSW Neo Energy has signed definitive agreement to acquire 3 special purpose vehicles (3 SPVs) holding a portfolio of 125 MW of wind energy generation capacity from Hetero Group.
India’s forex reserves fall by $10.75 billion to $690.43 billion (21-10-2024)
In the previous reporting week, the reserves had dropped by USD 3.709 billion to USD 701.176 billion.
Buy IT stocks on every dip; avoid NBFCs for now: Nischal Maheshwari (21-10-2024)
Market expert Nischal Maheshwari provides insights on IT, BFSI, NBFCs, and FMEG sectors. He emphasizes that IT stocks are a good buy during dips, BFSI growth is positive, but suggests caution with NBFCs due to RBI guidelines. He also mentions temporary issues with margins in FMEG due to raw material costs.
Kotak Bank shares in focus after Q2 profit rises 5% YoY (21-10-2024)
Kotak Mahindra Bank Share Price: The bank’s net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.
Bajaj Housing Finance shares in focus ahead of Q2 results today (21-10-2024)
Continuing a trend seen in the previous two quarters, the AUM grew by Rs 5,480 crore during the September quarter. The company’s loan assets stood at nearly Rs 89,860 crore at the end of the September quarter, up from Rs 70,954 crore the previous year.
Reliance Infra shares in spotlight as Rs 6,000 crore fundraising plan gets shareholders’ nod (21-10-2024)
Reliance Infrastructure’s plan to raise Rs 6,000 crore by preferential share issue and QIP receives 98% shareholder approval. The fundraising includes Rs 3,014 crore from preferential allotment and Rs 3,000 crore via QIP, aiming to expand operations, invest in subsidiaries, and reduce debt.
Tech Mahindra shares likely in focus after reporting 153% YoY jump in Q2 PAT (21-10-2024)
While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.