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Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.

Mint analysis of the last seven years of data for PMAY-G (2017-18 to 2023-24), spanning both terms of the government, indicates the scheme was starkly back-loaded. Of the sanctioned 25.3 million houses in this period, 22 million have been built. Striking, nearly 68% of them were built in just three years —2019-20 to 2021-22 – and the pace has been slow in the past two fiscal years.

dividend announced by the Reserve Bank of India (RBI) may help the newly-elected Indian government meet the 5.1 per cent of GDP deficit target for the fiscal year ending March 2025 (FY25), said Fitch Ratings in its latest report on Monday. It further stated that the dividend income could be used to lower the deficit beyond the current target. The RBI on May 22 announced a record-high dividend transfer to the government, equivalent to 0.6 per cent of GDP (Rs 2.1 lakh) from its operations in FY24. The figure has surpassed the 0.3 per cent of GDP expected in the FY25 budget from February. Hence, the rating agency said that it will aid the authorities in meeting near-term deficit reduction goals.

Rafah on Sunday night, killed two senior Hamas commanders after targeting a Hamas compound, reported The Times of Israel. The Israeli attack followed Hamas's first rocket attack on the Israeli city of Tel Aviv in months, reported Al Jazeera. The Israeli airstrikes claimed the lives of 35 people and two senior Hamas commanders, injuring a dozen others in a blaze caused in a camp housing displaced civilians, according to The Times of Israel, citing Hamas health authorities.

General Elections 2024: How different poll outcome scenarios will impact equity, forex and bond marketsThe Indian stock market may see some volatility in the near term as the election outcome day draws closer. Market experts suggest picking stocks with strong technical indicators. Based on the recommendations of several experts, here are 10 stocks that may rise 8-16 per cent in the next 3-4 weeks.

₹5,270.05 apiece on BSE; the stock touched an intraday low of ₹5,199.50 and an intraday high of ₹5,280.For the current calendar year (2024), the Bayer CropScience stock price has slumped 5.43%. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, this has been an underperformer, and last week it was under tremendous pressure.

Manappuram Finance with a target price of Rs 225. The current market price of Manappuram Finance is Rs 177.85. Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 15269.68 Crore) operating in NBFC sector.

Sun TV Network Ltd. with a target price of Rs 790. The current market price of Sun TV Network Ltd. is Rs 665.05. Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 26218.45 Crore) operating in Media & Entertainment sector.

Even though risk reward is quickly appearing out of favour, a collapse is less likely this week, says Anand James, Chief Market Strategist, Geojit Financial Services. “Downside marker may be placed at 22983, for an aggressive positioning, with further support seen at 22800,” he says. Edited excerpts from a chat: How have Nifty charts changed after recording two back-to-back weekly gains? What are the odds of a correction now in the pre-election week and the monthly expiry? Anand James: About a week to go for the big day. In 2019, Nifty had fallen over 6% from the recent peak as it was about to enter the last week before elections results were announced. And with that fall, VIX which had been steadily rising from 15 would reach a peak of 28.65, before starting to ease in the week before results. In stark contrast, we are already at record peak, with chart patterns continuing to point further north, towards 23200-23350. And, VIX at 22, while not as high as what was prevailing in the similar period of 2019, is at its highest this year. But, what is more striking this time is that volatility has been persistent and VIX has been holding steady in the vicinity of or above 20 for nine days.

Israeli airstrike on Sunday hit a refugee camp for displaced people in Gaza killing at least 35 people, mostly women and children, and injuring dozens more, CNN reported citing Palestinian Ministry of Health. The Ministry said that there is no hospital in Rafah with enough capacity to take this number of killed and injured, causing confusion among ambulance teams on where to transfer them.Videos that were posted on social media showed that the area that had been targeted included a large container used as a shelter for dozens of families, surrounded by hundreds of tents.

Stock market today: After making fresh highs in early morning trade, the Indian stock market settled flat on Friday last week. The Nifty 50 index settled at 22,957 after climbing to a new peak of 23,026. The BSE Sensex went off 7 points and ended at 75,410, while the Bank Nifty index finished 203 points higher at 48,971.

traded sideways throughout the session to close with a loss of 17 points at 22951 levels on Friday. «We expect the market to witness a gradual up-move and see some volatility next week as both election and earning season are nearing the end,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Stage 1 Growth stage

Q. How much will I get back and when? Viable business model: The bottom line for any investor is return on investment. So he wants to know how soon and how much profit you can earn, and if you have a clear path and plan of achieving it. He wants a sharply focused business model, with realistic projections and estimates for revenue generation and profitability. Q. Can you grow in a sustained manner? Scalability & traction: No one wants to invest in a business that loses steam after the initial burst of profit and proof of viability. Investors want to see growth projection plans, and ability to continue and increase the momentum over the long term.

Federal Reserve's first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers' prudence about the timing of interest-rate cuts. Economists expect the personal consumption expenditures price index minus food and energy — due on Friday — to rise 0.2% in April. That would mark the smallest advance so far this year for the measure, which provides a better snapshot of underlying inflation.

Sauce VC, which has backed new-age luggage brand Mokobara, healthy foods startup The Whole Truth and petcare firm Supertails, has launched its third fund with a target to raise Rs 250 crore, founder and managing partner Manu Chandra told ET. The New Delhi-based investment firm received clearance from the Securities and Exchange Board of India (Sebi) a few weeks ago for the new fund, Chandra said, adding that it aims to back 15-16 consumer brands in their early stages.

The rising cost of education is a big worry for today’s young  parents. The best option thus is to plan and accumulate an adequate corpus to meet this expense. Here is a step-by-step guide for creating your child’s higher education corpus.

Boston Consulting Group (BCG) will prepare a three-year roadmap to transform state-owned Bharat Sanchar Nigam (BSNL) so that it can effectively compete with private telecom operators.

Stressed Assets Stabilisation Fund (SASF) of IDBI Bank, which is targeting a recovery of 11.59% by selling non-performing loans worth ₹6,151 crore, has received 18 expressions of interest (EoIs) from asset reconstruction companies (ARCs). The reserve price for the auction is set at ₹713 crore and the sale has drawn interest from large ARCs including Arcil, JC Flowers ARC, Edelweiss ARC, JM Financial ARC and ACRE. Others include Kotak-backed Phoenix ARC, UV ARC, Prudent ARC, Omkara ARC and CFM ARC. The last day for submitting EOIs was May 22. The auction date will be announced after the entities that submitted EoIs complete due diligence on the accounts. The sale will be 100% cash-based, with EY as the process advisor. The portfolio up for assignment and sale comprises 239 cases, with 81 backed by tangible securities and guarantees, having a gross principal outstanding of ₹2,179.51 crore. The remaining 158 cases are supported by guarantees and claims, with an outstanding of ₹3,971.65 crore.

India has the potential to generate around 750 GW of power from solar sources, according to government data. While the country has doubled its solar power installed capacity rapidly to 81.8GW from 40.1GW in FY21, it has only utilised 11% of its potential. However, new schemes targeted at rooftop solar can help ramp up faster. ET takes a look 1)India has a solar power potential of nearly 750 GW

CG Foods, which makes India's third-largest instant noodles brand Wai Wai, is for the first time, reducing salt in its noodles by anywhere between 10% and 25% starting next quarter with select variants, Manvendra Amber Shukla, global chief executive officer of CG Foods, owned by Nepal-based diversified CG Corp Global, said in an interview. The move comes amid tighter regulation and heightened scrutiny on packaged foods. «What the government is doing (in terms of regulation) is definitely welcome; it is positive for consumers, and positive for the ecosystem and a responsibility of all organisations towards consumers,» he said. The salt reduction process will start with the spicier packs of Wai Wai, according to Shukla. «In India, starting next quarter, we will start the first phase of reduction of salt by 10% starting with spicy noodles. As we move forward, we will reduce salt up to 25% in other variants of our portfolio,» he said. Additionally, the group is working on plans to introduce healthier variants such as millet noodles and renewing focus on atta noodles.