Good rains this year and the increase in acreage might help Gujarat achieve a record groundnut production of 42.19 lakh tonnes this year, surpassing the previous record of 38.55 lakh tonnes set in 2021-22
Jio Financial Q2 PAT rises 3% YoY to Rs 690 cr in Q2 FY25 (19-10-2024)
Jio Financial Services’ consolidated net profit increased 3.13% to Rs 689.07 crore in Q2 FY25 as compared with Rs 668.18 crore in Q2 FY24.
Tata Communications: Empowering Global Digital Transformation (19-10-2024)
Disc – Not invested but came across this. Not sure how big of their revenue can this be, but still feel something like E2E and Yotta would be better due to AI cloud being their sole focus
Gold prices hit record highs, affecting demand during festival season (19-10-2024)
Gold jewellery demand this Dhanteras is expected to be subdued due to a 5% surge in bullion prices, now at ₹77,410 per 10 grams
Tata Communications: Empowering Global Digital Transformation (19-10-2024)
Q2 result net profit 2.3b rupees vs 2.2b yoy revenue 58b rupees vs 48.72b yoy ebitda at 11.1b v 10.15b yoy margin at 19.39 percent v 20.83 percent yoy
HDFC Bank Q2 PAT rises 5% YoY to Rs 16,821 cr (19-10-2024)
HDFC Bank reported 5.29% increase in standalone net profit to Rs 16,820.97 crore in Q2 FY25 as compared with Rs 15,976.11 crore in Q2 FY24.
Congress’ Manish Tewari calls for parliamentary oversight of intelligence agencies (19-10-2024)
Congress leader Manish Tewari advocates for parliamentary oversight of Indian intelligence agencies and proposes a National Intelligence Tribunal to probe related complaints. His private member’s bill seeks to regulate agency activities and create an effective oversight mechanism, aiming to balance security demands with privacy safeguards.
Shapoorji Pallonji’s Afcons Infra to float Rs 5,430 cr IPO on Oct 25 (19-10-2024)
Shapoorji Pallonji Group’s infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25.
The initial share sale will conclude on October 29 and the bidding for anchor investors will open for a day on October 24, according to the red herring prospectus (RHP).
The company will announce the price band for the IPO next week. The infrastructure firm’s Rs 5,430-crore IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Private Limited.
The offer size has been reduced following a pre-IPO fundraising. In the March draft papers, the company had initially planned to raise Rs 7,000 crore through the initial share sale.
Currently, promoter and promoter group entities own a 99 per cent stake in Maharashtra-based Afcons Infrastructure. The company will utilise Rs 80 crore from the fresh issu
Is China investible? (19-10-2024)
Please be aware that Edelweiss and Axis funds have about 30% exposure to Taiwan. If you want pure China exposure it will have to be through the Hangseng ETF or MAHKTECH. Another option is buying China ETFs listed in US if you have signed up for Global Investing however TCS will come into play.