Posts tagged All News
Asia stocks slump on tech rout contagion, global uncertainty (20-07-2024)
Asian shares dropped, with the MSCI Asia-Pacific index falling 1.56% and Nikkei seeing significant declines. Tech stocks, oil prices, and gold also dipped amidst Tokyo's intervention, mixed futures for S&P 500 and Nasdaq. ECB held rates, U.S. data, weak Chinese property sector, yuan weakness, and core inflation affected markets. Brent crude at $84.72.
Tata Play FY24 results: Net loss widens to Rs 353.9 crore, revenue dips 4.3% (20-07-2024)
Tata Play, previously known as Tata Sky, reported a widened loss of Rs 353.9 crore with a 4.32% decline in revenue. Plans for an IPO were delayed due to regulatory issues. The company's financial performance in FY24 shows a challenging year.
“Reality of hatred for Indian Muslims” says Owaisi on ID card rule for shops on Kanwar Yatra route (20-07-2024)
AIMIM President Asaduddin Owaisi criticized the Uttar Pradesh government's directive for food shops on the Kanwar Yatra route to display ID cards, calling it reflective of hatred towards Muslims. Opposition leaders, including Kapil Sibal and Brinda Karat, also condemned the move, comparing it to Nazi practices. BJP leaders defended the directive, emphasizing public security and harmony.
RIL PAT slides 4% YoY to Rs 17,448 crore in Q1 FY25 (20-07-2024)
Reliance Industries' consolidated net profit declined 4.04% to Rs 17,448 crore in Q1 FY25 as against Rs 18,182 crore posted in Q1 FY24.
Catterton plans to raise Rs 4,000-Cr India fund (20-07-2024)
L Catterton, backed by LVMH, plans to raise a ₹4,000 crore rupee fund for India under Category-II AIF. In a joint venture with ex-HUL CEO Sanjiv Mehta and other executives, they've applied to SEBI. Targeting banks and high net-worth individuals, the fund aims for investments with a 3.1x realized return record in Asia.
HDFC Asset Management Company (20-07-2024)
When RBI says, it’s a Solid proof.
A big crash will decide it’s sustainability.
Annual performance of LIC for FY24 reviewed (20-07-2024)
On Friday, Financial Services Secretary Vivek Joshi conducted a review of the Life Insurance Corporation of India's (LIC) annual performance for the fiscal year 2024. The Ministry's statement highlighted that senior LIC officials attended the meeting, which centered on evaluating the life insurer's accomplishments across various financial metrics and strategizing future directions.