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Jindal Stainless on Wednesday reported a net profit of Rs 501 crore for the quarter ended March 31, 2024, 30% lower than the profit after tax (PAT) of Rs 716.29 crore reported by the company in the corresponding period of the last financial year. The consolidated revenue from operations stood at Rs 9,454 crore for the quarter under review down from Rs 9,765 crore reported in the year-ago period. This translates into a 3.2% YoY decline.

Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY. The company’s EBITDA stood at Rs 199 crore for Q4FY24, up by 26% from the same period last year, while the EBITDA for the full financial year stood at Rs 720 crore, up by 39% from FY23.

Resort 24, she drew a whole itinerary of a traveller while researching, and what all stages does a traveller go through, including the air travel, the stay and the outings like shopping, brunches and sightseeing. “When I'm on vacation I’d like to feel free, so any bag which is handheld would be a second choice. I would pick a bag that has a somewhat elevated strap so my hands remain free," she says.

Canara Bank shares surged 4.6% to the day’s high of Rs 118.40 on BSE in Wednesday’s trade as the board’s decision to split the stock in 1:5 ratio came into effect today. For each share equivalent to a face value of Rs 10, the investors were to receive 5 shares of face value of Rs 2 per share.

Shares of Oberoi Realty jumped 7% to hit a 52-week high of Rs 1,629 in Wednesday's trade on BSE after the realty developer reported a 64% year-on year (YoY) rise in net profit at Rs 788 crore for the quarter ended March. In the corresponding quarter, the company posted a net profit of Rs 480.3 crore. Its revenue from operations increased by 36.8% to Rs 1,314.8 crore compared to Rs 961.4 crore in the corresponding period of the preceding fiscal.

₹1,176.59 crore from anchor investors on Tuesday, May 14. The company issued 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share, as per the exchange filing.

MSCI May 2024 rejig: In its May 2024 review, MSCI has added 13 stocks, including Canara Bank, JSW Energy, NHPC, Indus Towers, and Phoenix Mills, to its Global Standard Index, according to data provided by Nuvama Alternative and Quantitative Research. PB Fintech, Sundaram Finance, Bosch, Jindal Stainless, Solar Industries, Torrent Power, Mankind Pharma and Thermax were the other stocks that were included in the index. This inclusion signals healthy capital inflow into their shares.

₹108 crore. Total income for the quarter stood at ₹397 crore, and net interest income was 11% higher at ₹172 crore. The company's gross non-performing assets ratio fell to 4.1% at the end of the reporting cycle from 5.8% as of March 31, 2023.

Buy or sell stocks for today: Despite mixed global market sentiments, the Indian stock market ended higher for the third straight session on Tuesday. The Nifty 50 index finished 113 points higher at 22,217, while the BSE Sensex gained 328 points and closed at 73,104. The Bank Nifty index gained 105 points and closed at 47,859.

mutual funds to the extent of money required, financial planners suggest borrowing against your funds for such short-term needs. HOW CAN YOU GET A LOAN AGAINST YOUR MUTUAL FUND UNITS? WHAT DOES IT COST? A loan against your equity or hybrid mutual fund units can be taken from a bank or a non-banking finance company (NBFC). The interest rate could be in the range of 9-11% based on the loan amount and tenure. Once you pledge your MF units, they are marked as under lien, which means you cannot sell or switch the units. Financial planners recommend borrowing against equity-oriented mutual funds and not against liquid or debt-oriented funds. WHAT IS THE ADVANTAGE OF BORROWING AGAINST MF UNITS? Loan against MFs gives you the option of receiving immediate liquidity against the fund units that you own. It is like an overdraft facility for shortterm monetary requirements, with a relatively shorter tenure compared to other loans. It can be used judiciously by people looking to leverage their otherwise idle mutual fund investments, and also raise capital quickly for short-term financing needs. You need not sell your mutual fund units, hence your financial plan remains intact and neither is your ownership of fund units divested after pledging them for a loan. However, do not use this money to buy stocks or equity mutual funds. This is because in the near term volatility can be high and you could end up making a mark-to-market loss while also paying the interest on the loan.

Indian stock market: The Indian stock market indices, Sensex and the Nifty 50, closed higher for the third consecutive session, despite varying signals from global markets, on Tuesday, May 14. Following a nearly 2 percent decline last week, market benchmarks rebounded this week, buoyed by improved valuations. The medium- to long-term prospects for the Indian stock market remain optimistic, supported by the nation's promising economic growth outlook.

₹4.01, marking a 78.32% increase year-on-year. Despite the positive financial results, Chalet Hotels saw a -5.81% return in the last 1 week.

₹27.66 for Q4 which increased by 85.56% Y-o-Y. J.K.

₹1.41 for Q4 which decreased by 86.98% Y-o-Y. UPL has delivered 10.49% return in the last 1 week, -3.37% return in the last 6 months and -9.05% YTD return.

₹10.02 for Q4 which increased by 18.9% Y-o-Y. Tube Investments Of India has delivered -1.95% return in the last 1 week, 24.36% return in last 6 months and 11.11% YTD return.

go to the United Kingdomthis year, the Migration Advisory Committee (MAC) recommended the continuation of the graduate route work visa, also known as PSW or post-study work visa, to continue in its current form. This visa enables international students to work for two years in the UK after graduating from a British university. For the unversed, the committee was entrusted with the task by Home Secretary James Cleverly to review the graduate route visa and submit the report on May 14.

Shree Cement on Tuesday reported a 28% year-on-year (YoY) jump in its consolidated net profit to Rs 675 crore for the quarter ended March 31, 2024, from Rs 526 crore reported by the company in the corresponding quarter of the last financial year. The revenue from operations stood at Rs 5,433 crore in the quarter under review which was up by 6.5% from Rs 5,100 crore reported in the year-ago period.

Telecom major Bharti Airtel on Tuesday reported a 31% fall in its consolidated net profit at Rs 2,072 crore for the quarter ended March 2024. This compares with Rs 3,006 crore profit in the previous year's quarter. The profit missed the Street estimates by a wide margin, which saw the figure around Rs 3,274 crore.

Shares of Apar Industries surged 8% on the BSE on Tuesday to hit a new 52-week high of Rs 8,398.95 after the company posted its revenue at Rs 4,455 crore, up 9% YoY. Its PAT declined 3% YoY to Rs 236 crore. The board of directors also announced a dividend of Rs 51 per share for FY24. “Board of Directors of the company at its meeting held on 14th May, 2024, recommended final dividend for the financial year ended 31st March, 2024, at Rs. 51/- per share (face value Rs.10/- per share) on 4,01,68,315 Equity shares aggregating to Rs 204.86 crore. This will be paid after approval by members at the ensuing Annual General Meeting,” the filing read.

Comedian Shyam Rangeela, who announced to contest against PM Narendra Modi, has alleged that officials are not letting him file nomination papers. Rangeela said that he is facing hurdles in his attempt to file nomination papers for the upcoming 2024 Lok Sabha Elections. Rangeela, known for his mimicry and satirical acts, aimed to challenge Prime Minister Narendra Modi from the Varanasi seat by running as an Independent candidate. Despite repeated efforts since May 10, Rangeela claimed he was refused entry to the district magistrate's office on the day Prime Minister Modi filed his nomination. He also clarified that he wouldn't be assembling a team from Sriganganagar to contest the elections in Varanasi. Expressing his determination, Rangeela stated, «Winning or losing is a different matter, but I will contest the elections against the Prime Minister at any cost. I am not contesting elections to become famous, I am already very famous among the public.»

repo rate towards the year-end, thus triggering the lower interest rate cycle — it is recommended to lock your deposits at higher rates for the long term. And in case you want to make the most of the prevailing interest rates, you can explore the banks which offer the highest interest rates. Here we give a lowdown on banks offering highest rates of interest on their five-year-fixed deposits.