Posts tagged All News
Berkshire sells close to $1.5 billion shares of Bank of America (20-07-2024)
Berkshire still owns more than 998 million shares, valued at over $42 billion, making the conglomerate one of the bank’s largest shareholders, according to Bloomberg data. Bank of America stock has risen 7.9% in the month to date.
SpiceJet board to consider fund raise via QIP on July 23 (20-07-2024)
SpiceJet's board meeting on Tuesday, July 23, aims to raise funds via a qualified institutional placement. Shares initially rose 5%, closing at ₹56.38 on the BSE. Ajay Singh prioritizes funding due to defaults on aircraft lease rentals, statutory dues, and salary payments amid increasing Indian aviation market demand. Sebi regulations guide targeting qualified institutional buyers.
RIL’s consumer shine keeps operating profit on track; O2C slip may just be a blip (20-07-2024)
Reliance Industries faced profit constraints in the June quarter due to declining refining margins. Analysts anticipate ongoing uncertainty in refining margins. Stock rose 14% driven by telecom earnings growth. Telecom sector saw subscriber addition and expects revenue increase from recent tariff hike. Retail segment reported 10.5% operating profit growth.
Dolly Khanna has invested in 1.63% of Emkay Global. Investment is worth ₹6.65 Cr (20-07-2024)
Dolly Khanna has invested in 1.63% of Emkay Global. Investment is worth ₹6.65 Cr. Co is a play on broking, investment banking & wealth management. Promoters hold 75%. In FY 24, PMS+AIF AUMs increased by 38% YoY to ₹9,023 mn. Wealth AUMs increased by 42% YoY to ₹31,772 mn.
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Dolly Khanna has invested in 1.63% of Emkay Global. Investment is worth ₹6.65 Cr
Dolly Khanna has invested in 1.63% of Emkay Global. Investment is worth ₹6.65 Cr
What should investors do with cement stocks? Sandip Sabharwal answers (20-07-2024)
On the consumer non-durable side, the recovery cycle is still starting off and there is anticipation with inflation being under control, a normal monsoon and possible tax breaks coming through, there could be a revival.
Rural boost, capital gains, capex? What is the best tactical trade around Budget? Samir Arora answers (20-07-2024)
The Indian market is now the fourth-largest market in the world. It is the fifth biggest economy in the world. Unless it deeply disappoints, it would not correct a lot but neither can we expect that from here on, you should make 20% at the index level over the next one or two years, says Samir Arora.
HDFC Asset Management Company (20-07-2024)
Parent bank’s contribution to SBI MF AUM is 21%, whereas it’s in single digit for HDFC & ICICI. I really hope they ramp up the business from the HDFC bank channel while also growing other avenues
Sterling & Wilson Solar Ltd. – Will the Sun Keep Shining? (20-07-2024)
Due to deferred tax liabilities. I think from next quarter it will be not there.
Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 74,340 (20-07-2024)
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 68,140
Union Bank of India consolidated net profit rises 11.31% in the June 2024 quarter (20-07-2024)
Total Operating Income rise 12.34% to Rs 26526.92 crore