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₹1,612 crores. With this, Axis Group will collectively hold 19.02%. Analysts from Motilal Oswal Financial Services point out that with the stake increase, a key concern for the stock was addressed and will support Max Life’s solvency ratio which stood at 188% in the June quarter (Q1FY24).

Shehbaz Sharif has said that his brother and former premier Nawaz Sharif will return to Pakistan next month to face his pending court cases and lead the party's campaign for the general election. Nawaz Sharif, 73, has been living in self-imposed exile in the UK since November 2019. He was convicted in the Al-Azizia Mills and Avenfield corruption cases in 2018.

stocks ripping higher in 2023, it may feel that you've missed out on the opportunity for easy profits. However, stocks have shown resilience by advancing despite concerns about rising interest rates, a potential economic downturn, and declining corporate earnings. And they could continue to do so.

Samvardhana Motherson International rose almost 3 per cent in the morning trade on BSE on Friday, a day after the company reported its June quarter scorecard. The stock opened at ₹98.51 against the previous close of ₹95.83 and rose 3 per cent to the intraday high of ₹98.66 on BSE in Friday's trade so far. The stock ended 2.77 per cent lower on Thursday after the auto components maker announced its June quarter scorecard.

Hindustan Times, “Last year also we did the same thing — the T20 World Cup was there, so we didn't play one-day cricket. Now also we are doing the same, the ODI World Cup is there, so we are not playing T20s." “ You can't play everything and be ready for the World Cup.

NBC News. According to WHO officials quoted by the BBC, there is no suggestion that the E.5 variant is more severe or has higher risks compared to the previous variants of interest.

Page Industries, Emkay has a buy rating on Zee Entertainment while YES Securities also recommends a buy on Happiest Minds and Oil India.We have collated a list of recommendations of top brokerage firms from ET NOW and other sources:Morgan Stanley on Page Industries: Overweight| Target Rs 44,738Morgan Stanley maintained an overweight rating on Page Industries with a target price of Rs 44,738. The company posted a Q1 FY24 beat, and margins improved sharply. Cost controls drive margin growth.

LIC: State-run Life Insurance Corp of India (LIC) recorded a 14-fold year-on-year jump in net profit at ₹9,543.7 crore for the first quarter of FY24, even though the country's largest insurer has been witnessing a shrink in its market share in terms of new business premium. The super-normal growth in net profit is primarily attributed to a base effect and a change in accounting entry, involving a transfer of funds from non-participating policies to shareholders'' account as a part of accretion on the available solvency margin, according to a regulatory filing. Reliance Industries: The shares of the demerged Jio Financial Services (JFSL) have been credited to the demat account of eligible shareholders of billionaire Mukesh Ambani-led Reliance Industries Limited (RIL), reported Economic Times on 10 August.

Cettire founder Dean Mintz has confirmed he has sold an 8.7 per cent stake in the luxury good seller pocketing a staggering $100 million.

Consider this: Bengaluru-based unicorn Mobile Premier League (MPL) has laid off 350 employees, citing the additional tax burden. Kavin Bharti Mittal’s Rush Gaming Universe also has sacked 55 staffers, representing almost a fourth of its workforce, anticipating impact from the GST move. Many smaller firms are either shutting down or looking to get consolidated with larger platforms.

Cab aggregator Ola doubled its revenue in the financial year March 2022, reflecting a recovery from the widespread disruptions caused by the pandemic to the mobility business globally. The company, led by co-founder and chief executive Bhavish Aggarwal, posted a consolidated operating revenue of Rs1,970.4 crore in FY22, rising from Rs983.2 crore in the year before, showed its latest annual filings with the Registrar of Companies. The improved financial performance came amid an easing of covid-induced lockdowns and a gradual recovery in travel demand.

PAC Capital declined to provide a ratings agency with underlying data on the returns by one of its funds, a step that could damage investor confidence.

Cipla, called all reports of stake sales by the promoters as “speculative". “I would like to inform you as the chairman of Cipla, that all the news that you are hearing is speculative and all the clarifications for this have been made to the stock exchange... And whatever information given to the stock exchange is in the public domain and is public knowledge," said the chairman during the 87th Annual General Meeting on Thursday.

Lenders are cautious on providing loans to the micro, small and medium enterprises (MSME) segment, despite high demand, availability of analytical data and lower delinquencies, a report said on Thursday. Demand for loans from MSMEs grew 33 per cent in the January-March period of the previous fiscal (Q4, FY23) compared to the year-ago period, but the supply of credit was up by only 11 per cent during the quarter, the report by credit information company Transunion Cibil, in association with Sidbi, said.

Steel Authority of India Limited (SAIL) has reported a 74% decline in consolidated net profit to Rs 212.48 crore in the first quarter of the financial year 2023-24. The company had reported Rs 804.5 crore as net profit in the comparable period of the previous fiscal.

₹1,240 crore. Sales volumes, too, reflect the same trend. The athleisure category continues to face weak demand while the men’s premium category is performing well.

capital market regulator Securities and Exchange Board of India (SEBI) on Thursday has granted approval to Helios Mutual Fund on Thursday. "I am very happy to announce that SEBI has granted approval to Helios Mutual Fund. We need your wishes and support to make this new venture a success," said Samir Arora on X platform.

Being deceptive One way to make money in the stock market is to be really good at understanding financial statements, macroeconomic factors, making financial models. You take some risk and make some money if things work out. An arguably better way to make money is to not invest your own money in the market and instead advise someone else to invest theirs, and charge them for the advice.

₹3,030 crore rose nearly 10% year-on-year (y-o-y) aided by robust volume growth in the decorative paints business. Berger outshone larger peer Asian Paints Ltd with decorative paints volume growth of about 14% versus the latter’s 10%. As such, Berger’s India operation market share rose to 20.2% among the top five listed paint companies.

Steel Authority of India Ltd (SAIL) on Thursday reported an 73.6% year-on-year fall in its consolidated net profit for the fiscal's first quarter ended June (Q1FY24) to ₹212.48 crore. The company had reported a profit of ₹804.50 crore in the year-ago period. Sequentially, consolidated net profit was down 81.7% from ₹1,159.21 crore in Q4FY23.

₹123 crore for the second quarter ended on June 30, 2023. The company reported a net profit of ₹120 crore in the April-June quarter of last year.