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fiscal year 2025, announced an interim dividend of Rs 2.75 per share for the company’s shareholders. It has fixed November 8 as the record date for the purpose. “Pursuant to Regulations 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs. 2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2024-25. Pursuant to Regulation 42 of the Listing Regulations, the Company has vide its letter dated October 16, 2024 already informed to Stock Exchanges regarding the Record Date of November 08, 2024,” said the company in an exchange filing.

Dabur India on Wednesday reported a 17% decline in its consolidated net profit, totaling Rs 425 crore for the quarter ended September 2024, down from Rs 515 crore in the same quarter last year. Revenue from operations fell 5% year-on-year to Rs 3,029 crore in the July-September 2024 period, compared with Rs 3,204 crore in the corresponding period of the previous year.

SM REIT as a Small & Medium Real Estate Investment Trust. The SM REIT will be eligible to make an initial offer for units of its first scheme for an amount of up to Rs 500 crore. As an investment manager of SM REIT, EFC REIT Private Limited will oversee investments raised through the initial offer and manage the acquisition and operation of commercial real estate assets in terms of the REIT Regulations.

gold demand in 2024 is likely to fall to its lowest in four years as a rally in prices to a record high is seen denting purchases during the peak festival season in the December quarter, the World Gold Council (WGC) said on Wednesday. Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters. Demand for the precious metal usually spikes towards the end of the year in India, as buying gold for weddings and major festivals such as Diwali and Dussehra is considered auspicious.

An electrical system malfunctioned, the autopilot quit and some radio communications were disrupted aboard a Frontier Airlines plane before the pilots made a fiery but safe emergency landing in Las Vegas earlier this month

Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates

Elcid Investments has gone down in the annals of Dalal Street as a rare exception, with a mind-boggling 66,92,535% jump in share prices, leaving both old and young investors dumbfounded. The little-known stock, which was traded only once in 2024, saw just 500 shares change hands at Rs 3.53 apiece on June 21. On Tuesday, its share price suddenly jumped to Rs 2,36,250, with a small trading volume of 241 shares.

Asian stocks eked out gains following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision. Shares gained in Japan, but slipped in Australia and South Korea. US contracts advanced in Asia after the S&P 500 closed up 0.2% and the Nasdaq Composite rose to a record. In late US trading, Alphabet Inc. climbed more than 5% as the Google parent’s earnings beat estimates, while Advanced Micro Devices Inc. sank 7% amid a lackluster revenue forecast.

Indian markets have had a stellar run in the past year with the Nifty returning 25% since last Diwali — the second-best performance in these 12 months in the past 10 years. The broader Nifty 500 index surged 31% during this period, while the Nifty Midcap 100 and Nifty Smallcap 100 indices gained 37% and 35%, respectively. Strong corporate earnings growth and increased retail investor participation helped local equities post strong returns despite concerns over rich valuations.

Dalal Street presented a study in sharp contrasts — and lofty records. First, foreign investors pulled Rs 1 lakh crore out of Indian equities in October, beating the record in the Covid-ravaged March of 2020 with consummate ease. Yet, the fall in equity gauges was nowhere as devastating as in that month, with domestic funds more than matching the sales momentum through record purchases. In the bargain, domestic institutional investors (DII) may have, for the first time this millennium, pulled ahead of overseas funds in owning locally listed firms — another record that points to the shifting centre of gravity in the ownership of Indian risk assets. To be sure, detailed ownership data for October-December will be published in January. Yet, by September end itself, the ownership gap between foreign institutional investors (FII) and DIIs had narrowed to a record low of 109 bps, underscoring the growing influence of domestic capital in Indian equities. “There has been a dramatic shift in ownership in Indian capital markets over past few quarters, with local investors taking the lead and FIIs losing influence,” said Pranav Haldea, MD, Prime Database Group.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India has asked private equity firm Warburg Pincus to bring down its stake in mortgage lender Home First Finance to 20% or lower before completing the proposed acquisition of Shriram Housing Finance, according to two people involved in the transaction. “Warburg has to divest 3% of their stake in Home First; they currently have around 23%.

judicial decisions in India has surged, particularly with Supreme Court cases being aired live. Unfortunately, India lacks a dedicated podcast that explores significant judicial rulings and delves into the minds of judges to understand why they took a particular decision. A valuable reference point is the Radio Lab podcast, More Perfect. Even if you're not American, it offers fascinating insights into key US Supreme Court cases that have shaped American society for decades. This podcast illuminates intricacies of American history and hints at future developments. One standout episode is Off the Record, On the Stand. It delves into the ethical complexities surrounding journalists testifying in court. Micah Loewinger from On the Media found himself in this situation when his reporting on militia groups involved in the January 6 Capitol attack was cited as evidence in a case against them.

smallcap stock called Elcid Investments has just re-written Dalal Street's history with its share price skyrocketing from just Rs 3.53 to Rs 236,250, an impossible-looking jump of 66,92,535% in one day. Elcid is now India's most highly-priced stock as it has surpassed MRF's share price of Rs 1.2 lakh. Such a sharp jump is unheard of in India's history and reminds investors of the crypto mania of 2021 when prices of several cryptocurrencies just went through the roof in a matter of days.

In a trading statement published today (29 October), the UK's largest DIY investment platform reported assets under administration of £157.3bn as of 30 September, up from £155.3bn at the start of the quarter.   The increase was fuelled by £1.5bn in positive market movements and £500m in net new business, a slowdown from £600m in the same period last year and £1.6bn in the previous quarter. Net inflows into the firm's Active Savings business rose to £800m. However, the platform recorded £300m in net outflows, a shift from £100m in the same period last year and £900m in net inflows over...

This comes as Shop Price index recorded 0.8% deflation in the first week of October, a slowdown from deflation of 0.6% in the previous month. This was below the three-month average rate of -0.6%, and meant shop price annual growth dropped to its lowest rate since August 2021. «October saw shop prices fall marginally further into deflation for the third consecutive month,» said Helen Dickinson, CEO of the BRC. What to expect at the upcoming Autumn Budget Dickinson added that this was something households would «welcome the continued easing of price inflation». However, she war...

Devendra Fadnavis on Tuesday accompanied Bharatiya Janta Party (BJP) state president Chandrashekhar Bawankule as he filed his nomination for the upcoming Maharashtra assembly elections. Speaking to the media reporters, Maharashtra Deputy CM Fadnavis said that a lot of people have come to witness the nomination filing of BJP state president Chandrashekhar Bawankule from the Kamthi Assembly constituency for the Maharashtra assembly polls. «Today our state (BJP) president is filing his nomination from the Kamthi Assembly constituency, a large number of people have come here. He will win with a record number of votes and the Mahayuti government will be formed again in the state,» he said.

In its 75 years in operation, United Record Pressing in Nashville has survived 8-tracks, cassettes, CDs, Napster, iPods and streaming services

Retail investors in the Indian stock markets are surging, a recent report by National Stock Exchange (NSE), highlighted that around 37 lakh new retail investors joined NSE in September taking the total investor base to 10.37 crore. This increase comes as the Nifty index also rose by nearly 3 per cent during the same period, highlighting a continued interest and confidence among investors in the stock markets.

Mazagon Dock Shipbuilders and CRISIL among 4 companies are likely to remain in focus today as they had announced October 30 as the record date for the purpose of determining eligibility for their announced dividends. This means today is the last day to buy the shares of these companies in order to be eligible for the dividends announced.

Jash Engineering, Kck Industries and Master Trust will likely remain in focus in today’s session as these companies have fixed October 30 as the record date for the purpose of their respective stock splits. This means today is the last day to buy the shares of these companies in order to be eligible for the stock splits.