Experts Financial News
03.01 / 13:33
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Election
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Delhi election: Congress fields Alka Lamba from Kalkaji against CM Atishi
Alka Lamba from the Kalkaji constituency where she will take on AAP leader and Chief Minister Atishi in the upcoming assembly polls. The Congress on Friday released its third list of candidates — which has just one name — for the assembly polls due in February.
03.01 / 13:33
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Blinkit 10-minute ambulance service: Piyush Goyal advises firm to follow law of land
Piyush Goyal on Friday said quick-commerce companies like Blinkit, which is launching a 10-minute ambulance service, must make sure that they meet the law of the land. Blinkit on Thursday launched a 10-minute ambulance service in select areas of Gurugram as a pilot project.
03.01 / 13:05
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Bank of Baroda Q3 update: Global business jumps 12% YoY to Rs 25.64 lakh crore
Bank of Baroda's (BoB’s) Q3FY25 global business grew by 11.74% year-on-year to Rs 25.64 lakh crore versus Rs 22.94 lakh crore reported by the state lender in the year-ago period. In this, the global advances surged 11.65% YoY to Rs 11.72 lakh crore in the quarter ended December 31, 2024, up from Rs 10.49 lakh crore in Q3FY24, the company informed the exchanges after market hours. Meanwhile, global deposits of the bank grew by 11.82% YoY in the said quarter to Rs 13.92 lakh crore versus Rs 12.45 lakh crore in the corresponding quarter of the previous financial year.
03.01 / 13:05
03.01 / 13:05
03.01 / 13:05
03.01 / 13:05
COST
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parachuting
India's Marico estimates higher quarterly revenue growth on cooking oil demand
Marico on Friday estimated its consolidated quarterly revenue will rise in the mid-teen percentage range, boosted by improving rural consumption and higher demand for its Parachute and Saffola brands of oils. Cooking oil has largely withstood a broader slowdown among branded consumer goods due to its essential nature, according to analysts, even as brands raised prices in recent months to make up for higher ingredient costs.
03.01 / 10:41
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information
Sensex falls! These stocks fell 5% or more in Friday's session
On the BSE, Superior Finlease(down 12.97 per cent), Parker Agrochem(down 12.73 per cent), Ascensive Educare(down 12.47 per cent), Sonalis Consumer Pro(down 10.00 per cent) and Rose Merc. Ltd.(down 9.87 per cent) stood among the top losers in today's trade.
03.01 / 10:41
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IPO
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IPO Mania: Investment bankers pocketed $1.3 billion in fees last year
Dalal Street and deal-making activity recording its busiest year ever, investment bankers are estimated to have earned $1.3 billion in fees last year. Kotak Mahindra Bank took the top position for overall investment banking fee ranking in India with a total of $92.8 million, accounting for 7.2% wallet share of India's investment banking fee pool, showed data from LSEG.
03.01 / 10:41
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Market Wrap: D-Street snaps 2-day winning streak, Sensex sheds 720 pts, Nifty below 24,100 as IT and banks drag
IT stocks, as investors remained cautious ahead of the corporate earnings season starting next week. The benchmark BSE Sensex lost 720.60 points or 0.90% to close at 79,223.11, while the broader Nifty 50 index closed at 24,004.75, lower by 183.90 points or 0.76%.
03.01 / 10:41
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track
Department
Railway Board relaxes educational criteria for Level-1 posts
Railway Board has relaxed the minimum educational qualification norms for recruitment to Level-1 (erstwhile Group D) posts. According to the new norms, a Class-10 pass candidate or the holder of an ITI diploma or equivalent or the National Apprenticeship Certificate (NAC) granted by the National Council for Vocational Training (NCVT) would be eligible to apply for the Level-1 posts.
03.01 / 10:41
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Stock market update: Nifty Bank index 1.2%
Shares of Punjab National Bank(up 0.88 per cent), IndusInd Bank Ltd.(up 0.67 per cent), IDFC First Bank Ltd.(up 0.62 per cent), Au Small Finance Bank Ltd.(up 0.45 per cent) and Canara Bank(up 0.35 per cent) ended the day as top gainers in the pack.
03.01 / 07:35
03.01 / 07:35
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show
Share price of LTIMindtree as Sensex drops 501.4 points
LTIMindtree Ltd. 0.29 per cent to Rs 5734.90 at 12:49PM (IST) in Friday's trade. The stock has hit a high of Rs 5789.55 and low of Rs 5700.50 so far during the session. The stock had closed at Rs 5752.00 in the previous session. The counter has had a total traded volume of 3703 shares so far with a value of Rs 2.12 crore on the NSE. It traded at a price-to-earnings multiple of 36.42 and a price-to-book ratio of 7.30.
03.01 / 07:35
03.01 / 05:51
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Nita Ambani highlights emotional connection of Reliance family with Jamnagar
Nita Ambani, founder and chairperson of the Reliance Foundation, spoke passionately about the deep emotional connection the Ambani family shares with Jamnagar, describing it as the «soul of Reliance.»
03.01 / 05:51
FIVE
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KPI
KPI Green Energy shares trade ex-date today for 1:2 bonus issue, stock down 2%
KPI Green Energy shares started trading on an ex-bonus basis on Friday for their 1:2 bonus share issue. The stock dropped 2.4% to its intraday low of Rs 558.60 on the BSE. “Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing.
03.01 / 05:51
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Cummins
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Share price of Cummins India as Sensex drops 545.78 points
Cummins India Ltd. 0.86 per cent to Rs 3226.40 at 11:12AM (IST) in Friday's trade. The counter has hit a high of Rs 3299.35 and low of Rs 3226.40 so far during the session. The stock had closed at Rs 3254.50 in the previous session. The counter has had a total traded volume of 1527 shares so far with a value of Rs 0.50 crore on the NSE. It traded at a price-to-earnings multiple of 46.02 and a price-to-book ratio of 12.61.
03.01 / 05:51
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ONGC shares rise 4% as Jefferies sees shares rallying up to 47%, maintains buy rating
Oil and Natural Gas Corp (ONGC) climbed as much as 3.7% on Friday to Rs 255.20 on BSE after global brokerage firm Jefferies reiterated its «buy» rating on the stock at a target price of Rs 375, reflecting significant potential upside of 47% from the current levels. Jefferies said that the recent 30% correction in ONGC's stock price over the last three months appears unwarranted, attributing it to a 10% decline in crude oil prices. However, the brokerage firm noted that the earnings impact from this correction is minimal, with a reduction of only about 2%.
03.01 / 05:51
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Stock market update: Sugar stocks up as market falls
Magadh Sugar & Energy Ltd.(up 1.73%), Simbhaoli Sugars Ltd.(up 1.60%), Rajshree Sugars & Chemicals Ltd.(up 1.35%), Kothari Sugars & Chemicals Ltd.(up 1.28%), Vishwaraj Sugar Industries Ltd.(up 1.13%), Bajaj Hindusthan Sugar Ltd.(up 1.11%), Rana Sugars Ltd.(up 0.85%), Dalmia Bharat Sugar and Industries Ltd.(up 0.80%), Shree Renuka Sugars Ltd.(up 0.80%) and Ugar Sugar Works Ltd.(up 0.77%) were among the top gainers.
03.01 / 05:51
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reports
Government bans popular painkiller to save vultures
toxicity to vultures, reported TOI. Researchers at the Indian Veterinary Research Institute (IVRI) in Izatnagar, Bareilly, conducted experiments revealing the drug's harmful effects on scavenger species.
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