India Financial News

Stock split 2024: In a significant move, the board of directors of Rushil Decor Ltd has declared a stock split in a 1:10 ratio. This means that the company shares, currently valued at ₹10 per share, will be subdivided into ten equity shares of face value of Re 1 per share. The decision was made during a discussion on the unaudited Q4 results for 2024.

Ashok Leyland Ltd has clocked a double-digit Ebitda, (earnings before interest, taxes, depreciation, and amortization) margin – a key striking feature of the commercial vehicle maker’s FY24 results. Standalone margin expanded as much as 390 basis points (bps) year-on-year to 12% (one basis point is 0.01%). The last time Ashok Leyland’s margin for the full year was in double-digit was in FY19.

MUMBAI, 22nd May, 2024: Birla Estates Pvt. Ltd. a 100% wholly owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, announces record sales of its signature tower Silas at Birla Niyaara clocking an extraordinary INR 2500 Cr at launch.

Hindustan Aeronautics (HAL) revenues are linked to service income to past product sales and recurring. Product business should rise faster as the government is encouraging domestic aircraft manufacturing. GE's tie-up shows the potential of moving up in the OEM status among global defence companies.

Amit Shah slammed the INDIA alliance and said that Congress leader Rahul Gandhi will not cross 40 seats and Samajwadi Party chief Akhilesh will not get even four seats on June 4.As reported by PTI, Shah was addressing a political rally in Uttar Pradesh's Kushinagar. He said that in 5 phases of Lok Sabha polls, Modi has crossed 310 seats.

Over the past four years, we have been amazed by the notable increase in the number of demat accounts, SIP investment flows, mutual fund (MF) investor count and similar data. The number of unique investors in Indian equity markets has nearly tripled since 2020 to 90 million.

Info Edge (India) Ltd. traded at Rs 6275.0 on BSE at 01:59PM (IST) on Monday, down 1.03 per cent. The stock quoted a 52-week low price of Rs 3741.2 and a high of Rs 6545.95. Earlier in the day, the stock saw a gap up opening.

Mohnish Pabrai, an Indian-American businessman and investor, attributes his remarkable success to replicating the strategies of legendary investor Warren Buffett. Through disciplined value investing, Pabrai has achieved impressive returns, establishing himself as a significant figure in the investment world. In a recent post on X, Andrew Wilkinson, co-founder of Tiny Capital, shared his journey into investing, highlighting «The Dhando Investor» by Mohnish Pabrai as a pivotal influence. Wilkinson said, «Ten years ago, I knew nothing about investing. Sure, I’d read a few books on Warren Buffett, but I didn’t know how to do it. Then I read 'The Dhando Investor' by (my now friend) Mohnish Pabrai, and it became my bible.» During the course of the interview, Mohnish Pabrai referenced a number of his own investing strategies, as well as what

players who left for the United States ahead of the T20 World Cup 2024 have reached New York to take part in the upcoming ICC event. Earlier on Saturday, the Indian cricketers including skipper Rohit Sharma, pace spearhead Jasprit Bumrah and number one-ranked T20I batter Suryakumar Yadav left for the United States. The Board of Control for Cricket in India (BCCI) took to their official social media handle and shared a clip of the players reaching the US for the upcoming T20 World Cup. In the video, the Indian cricketers were captured leaving the airport in New York and boarding the team bus.

GAIL (India) Ltd. traded at Rs 203.2 on BSE at 01:54PM (IST) on Monday, down 0.58 per cent from previous close. The scrip quoted a 52-week low price of Rs 103.2 and a high of Rs 213.7.

dividend announced by the Reserve Bank of India (RBI) may help the newly-elected Indian government meet the 5.1 per cent of GDP deficit target for the fiscal year ending March 2025 (FY25), said Fitch Ratings in its latest report on Monday. It further stated that the dividend income could be used to lower the deficit beyond the current target. The RBI on May 22 announced a record-high dividend transfer to the government, equivalent to 0.6 per cent of GDP (Rs 2.1 lakh) from its operations in FY24. The figure has surpassed the 0.3 per cent of GDP expected in the FY25 budget from February. Hence, the rating agency said that it will aid the authorities in meeting near-term deficit reduction goals.

Indian government's capital spending, recovery in private consumption and investment are expected to help carry forward the economic momentum post-elections, S&P Global Market Intelligence said Monday. The global research firm further noted that policy focus will likely remain on strategic sectors, like renewables, electronics, textiles, digital infrastructure, logistics, food production and services. “These sectors drive Indian macroeconomic stability and growth, are of relevance to climate policy and energy transition, and support domestic employment. The parties also widely consider further development of these sectors to be beneficial for India’s foreign policy objectives,” it said.

Goldman Sachs raised its global oil demand forecast for 2030 on Monday and expects consumption to peak by 2034 on a potential slowdown in electric vehicle (EV) adoption, keeping refineries running at higher-than-average rates till the end of this decade. The research division of the bank raised its 2030 crude oil demand forecast to 108.5 million barrels per day (bpd) from 106 million bpd, and expects demand to peak at 110 million bpd in 2034, followed by a long plateau till 2040, analysts led by Nikhil Bhandari said in a report.

The poor placement record of India’s top engineering schools this year has received much attention. What went unnoticed are dismal placements at top economics schools. One reason is the growing caution among employers that face multiple global uncertainties.

Adani Enterprises has become a dominant forcein the nation's infrastructure and energy sectors. It’s a diversified powerhouse with a strategic industrial ecosystem. Headquartered in Ahmedabad, this Adani group leader boasts a multifaceted portfolio.

General Elections 2024: How different poll outcome scenarios will impact equity, forex and bond marketsThe Indian stock market may see some volatility in the near term as the election outcome day draws closer. Market experts suggest picking stocks with strong technical indicators. Based on the recommendations of several experts, here are 10 stocks that may rise 8-16 per cent in the next 3-4 weeks.

Astra Microwave Products zoomed 14.25% in today's early morning trade to record a new lifetime high of ₹914 apiece following the company's announcement of its best performance on both a quarterly and full-year basis in terms of revenue and profitability.For Q4FY24, the company reported a revenue of ₹354 crore as compared to ₹258 crore in Q4FY23, with 76% of the total revenue attributed to India and the remaining 24% to exports. PAT for Q4FY24 stood at ₹54 crore, a 315% YoY increase from ₹13 crore in Q4FY23.

₹104 to ₹110 per share, while the IPO lot size is 1,200 shares. The minimum investment amount required by retail investors is ₹132,000.

₹5,270.05 apiece on BSE; the stock touched an intraday low of ₹5,199.50 and an intraday high of ₹5,280.For the current calendar year (2024), the Bayer CropScience stock price has slumped 5.43%. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, this has been an underperformer, and last week it was under tremendous pressure.

Kolkata Knight Riders (KKR) as they clinched their third Indian Premier League title.However, stealing the spotlight in this euphoric moment is the heartwarming embrace between Shah Rukh Khan and his daughter Suhana Khan. Watch the video here:Suhana Khan was captured mouthing the words, “Are you happy? I'm so happy," exuding sheer joy and emotion.

economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low.The country's gross domestic product (GDP) unexpectedly grew by 8.4% in October-December compared to a year earlier, thanks to a sharp drop in subsidies which provided an artificial boost to net indirect taxes. But economic activity, as measured by gross value added (GVA), showed a more modest 6.5% expansion.Economists in the poll said that situation was unlikely to have been repeated in the last quarter.Growth in Asia's third-largest economy likely slowed to an annual 6.7% in January-March, more in line with the long-term GDP growth rate, according to a Reuters poll of 54 economists.