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DLF Ltd on Wednesday reported a 27% increase in consolidated net profit to ₹655.71 crore in the December quarter on higher income and less expenses. Its net profit stood at ₹517.94 crore in the year-ago period.

MAI Capital Management has added another RIA firm to its growing network after announcing its third acquisition so far in 2024.

Bank on Wednesday reported a mere 2.4% year-on-year rise in net profit at Rs 300 crore for the quarter to December 30, 2023 on account of higher provisions while the bank's operating profit rose 17.5% at Rs 457 crore supported by a steady expansion of core income.

₹27,000 crore in Indian equities so far in January 2024. This extensive sell-off has exerted downward pressure on the benchmark equity indices, Sensex and Nifty 50, leading to a decline of over one percent in both indices during the current month. The disappointing corporate earnings reported by select major Indian banks in the December quarter, coupled with concerns over elevated valuations of domestic equities and increasing US Treasury yields, have prompted FIIs to dump Indian equities.

By Dawn Chmielewski

The recent investment marks the third investment from Nisus Finance’s real estate special opportunities fund-1 (RESO-1), managed by Nisus BCD Advisors LLP, with a corpus of Rs 700 crore. “The recent investment aligns with our strategy for the RESO-1 Fund, aiming to generate significant alpha through a strongly risk-mitigated structure with high asset and cash flow cover. The fund infusion will help to expedite the project,” said Amit Goenka, MD & CEO of Nisus Finance. The recent investment marks the third investment from Nisus Finance’s real estate special opportunities fund-1 (RESO-1), managed by Nisus BCD Advisors LLP, with a corpus of Rs 700 crore. The Project is located at Bellandur, a key micro market of Bengaluru with prominent tech parks and excellent connectivity.

Budget 2024 expectations: Nirmal Bang highlights 6 major themes that could dominate the Interim Budget 2024 Mint gathered insights from five experts on the trading strategy for Budget Day. Here's their advice: Traders would be aware of the trend in the markets around Budget time. The near-term move before the Budget will also influence the trader's strategy.

Want to take exposure to a sector which grows much faster than GDP

Buy or sell stock: Birlasoft shares witnessed strong buying interest during ealy morning deals at the Indian stock market. The multibagger IT stock opened upside and went on to touch an intraday high of ₹814.90 apiece on NSE within a few minutes of stock market's opening bell. However, Birlasoft share price missed by a whisker to breach its lifetime high of ₹817.90 per share.

Stock market today: RailTel shares have been in an uptrend since early morning deals. RailTel share price today opened flat at ₹387.25 apiece on NSE and went on to touch an intraday high of ₹406.50 per share level within a few minutes of the stock market's opening bell.

eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. «While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,» eBay CEO Jamie Iannone said in a letter shared with employees.

Rario, a cricket-focused non-fungible tokens (NFTs) platform, said in a statement on Wednesday that it is winding down its current product, effective January 29, as it navigates management failure and headwinds in the Web3 and NFT industry. The first test match between India and England will be the last game that the company will host. Users can withdraw their wallet cash balances till March 31.

eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. «While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,» eBay CEO Jamie Iannone said in a letter shared with employees.

Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.

In another pro-tech initiative, the United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan has announced the creation of an Artificial Intelligence and Advanced Technology Council (AIATC).

Quiver Quantitative — United Airlines (UAL) skepticism over Boeing's (NYSE:BA) 737 MAX 10 jets has intensified industry scrutiny on Boeing. With United planning to exclude the troubled MAX 10 from its new fleet, concerns over Boeing's ability to regain market share and stabilize its financial position are mounting. The grounding of Boeing's MAX 9 jets, due to technical issues, has further dampened confidence in the MAX series. United's CEO, Scott Kirby (NYSE:KEX), emphasized the MAX 9 grounding as a critical factor in reassessing their MAX 10 orders.

NEW DELHI : A handful of top OTT stars, who are now seen across premium web originals, have gained so much popularity over the past few years that streaming projects are being mounted on their names. Actors like Manoj Bajpayee, Shefali Shah, and Pankaj Tripathi not only make ₹3-4 crore per title, they are also seen as so bankable in the plateauing OTT ecosystem that platforms are willing to wait until they can come on board. However, industry experts warn a certain fatigue could set in, given that the same faces are seen across shows.

The delegate had a point. India's G20 presidency was, indeed, a Goldilocks moment on the global stage.

Procter & Gamble's (NYSE:PG) second-quarter results revealed mixed performance, with organic revenue growth at 4%, slightly below the average analyst estimate of 4.6%.

Legislation that would renew expired small-business tax breaks and bolster the child tax credit faces a difficult legislative path, even with initial support on both sides of the aisle.

Also read- Interim Budget 2024: 5 key things to watch out for Major public capex is unlikely as per Vijayakumar since the FM has to achieve the fiscal deficit target of 5.9 percent for FY24 targeted in the 2023 budget, . Also the massive public expenditure done through the budget provision last year has helped in triggering growth in the Indian economy. Therefore, the government’s priority would be to achieve fiscal discipline, added Vijayakumar.