Posts tagged All News
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.
Deal wins help Wipro, no revival in demand soon (20-07-2024)
Wipro's June growth met forecasts but missed analysts' expectations. IT services revenue fell 1.2% to $2,625.9M. Despite declines in energy, utilities, technology, and communications, margins and new deal wins were resilient. BFSI grew; September guidance is optimistic, excluding currency fluctuations. Attrition fell, headcount rose first in six quarters; consumer vertical grew.
India’s forex reserves hit record $666.85 Billion, driven by surging gold and foreign currency assets (20-07-2024)
The RBI data reveals that India's foreign currency assets (FCA), the largest component of forex reserves, rose by $8.3 billion to $585.47 billion
Nirmalaji’s Huge Rural Sector Challenge (20-07-2024)
Alloting more funds for MNREGA and PM-KISAN could wipe out the entire additional money that the Centre may have for FY25.
‘Small-cap and mid-cap froth spreading into large caps’ (20-07-2024)
Ajit Dayal of Quantum Advisors cautions investors about the overflow of froth from small and mid-cap stocks into large caps. Despite optimism about the Indian economy, high share valuations raise concerns. Warning against potential crisis in illiquid and small-cap stocks.