ITC’s share price fell over 2% in intra-day trade on Friday on concerns about earnings moderating going forward. For Q2, the company reported a 6.11% growth in consolidated net profit to Rs 4,955.90 crore Vs Rs 4,670.32 in Q2FY23. The company’s revenue from operations in the Q2FY24 rose 3.55% to Rs 19,270.02 crore, compared to Rs 18,608 crore last year. The share price of ITC fell 1.2…
Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap up opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 72 points or 0.30% at 24,458 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty…
Read moreShares of companies Adani Group experienced a decline of up to 2-4% on Monday following a report by Bloomberg that indicated that the US government may have expanded scope of investigation.
Adani Enterprises, the flagship firm of the group, witnessed a nearly 4% drop to an intra-day low of Rs 2,976.05 during early trading, while Adani Ports and Special Economic Zone saw …
Read moreIn a regulatory filing to the stock exchanges on Friday, Kotak Mahindra Bank confirmed that Zurich Insurance Company is set to acquire a 70% stake in Kotak General Insurance Company Limited for Rs 5,560 crore in a single tranche.
This development follows Zurich Insurance’s prior announcement of an initial acquisition of 51%, with the remaining 19% planned over the next three …
Read moreIn early trading session on Monday, Titan Company’s stock plunged by over 7%, following the company reported weaker-than-expected March quarter results. Shares of Titan Company dropped by 7.57% to reach intra day low of Rs 3,285 apiece on the NSE.
After market hours on Friday, May 3, Titan reported a 5% year-on-year (YoY) increase in consolidated net profit, reaching Rs …
Read moreThe Securities and Exchange Board of India (Sebi) is expected to soon come out with a series of proposals that will provide significant regulatory relaxations to registered investment advisors (RIAs), said sources close to the development. The consultation paper, which is expected in July, is likely to eliminate the triennial certification mandate, increase the 150-client cap and do away …
Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 39.50 points or 0.18% at 22,097 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by…
Read moreHere’s some good news if your wages haven’t kept pace with inflation: you’ll save more money on your taxes in 2023. Every year the IRS re-evaluates its tax brackets and makes changes to reflect the country’s cost of living. On Tuesday, the IRS announced major changes to combat inflation, even more than usual.
The federal agency updated more than 60 tax provisions,…
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Macy’s Chief Executive Jeff Gennette sees…
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