WhatsApp Financial News
07.05 / 15:31
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CreditAccess Grameen Q4 Results: Net profit soars 34% YoY to Rs 397 crore on business expansion
NBFC-MFI) CreditAccess Grameen has reported a 34% year-on-year rise in net profit for the March quarter at Rs 397 crore, supported by expansion of business and higher earnings. The net profit was Rs 297 crore in the year-ago period.
07.05 / 13:57
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US stocks open slightly higher on rate cut optimism
indexes opened slightly higher on Tuesday, with the S&P 500 and Nasdaq extending gains for a fourth straight session, buoyed by expectations that the Federal Reserve will ease monetary policy this year. The Dow Jones Industrial Average rose 6.7 points, or 0.02%, at the open to 38858.94. The S&P 500 rose 6.5 points, or 0.12%, at the open to 5187.2, while the Nasdaq Composite rose 9.1 points, or 0.06%, to 16358.343 at the opening bell.
07.05 / 13:49
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Leak of Hassan video clippings: HD Kumaraswamy demands CBI probe, asks CM to fire his deputy Shivakumar
JDS State President HD Kumaraswamy on Tuesday sought a CBI probe into the alleged crime on women in Hassan including the leak and widespread circulation of explicit videos ahead of the April 26 polls even as the special investigation team (SIT) awaited arrival of Hassan MP Prajwal Revanna in connection with the case.
07.05 / 13:49
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Patna most vulnerable to floods in India, finds new research
Patna experiences the worst floods in India, followed by West Bengal's Murshidabad and Maharashtra's Thane, according to a district-level flood severity index (DFSI) developed by researchers at IIT-Delhi and IIT-Roorkee. The index takes into account the historical severity of floods based on the number of affected people, the spread and duration of floods.
07.05 / 13:15
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JSW Energy Q4 Results: Cons PAT jumps 22% YoY to Rs 345 crore
JSW Energy on Tuesday reported a net profit of Rs 345 crore for the quarter ended March 31, 2024, which was a 22% year-on-year jump over Rs 282 crore reported by the company in the corresponding quarter of the last financial year. The company recommended a dividend of Rs 2 per equity share for the financial year 2023-24.
07.05 / 13:15
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3 Independent MLAs withdraw support to Nayab Saini govt in Haryana
BJP in Haryana amid the Lok Sabha elections, three Independent MLAs on Tuesday announced that they have withdrawn their support to the Nayab Singh Saini-led government in the state. The three MLAs — Sombir Sangwan, Randhir Gollen and Dharampal Gonder — also said that they have decided to extend support to the Congress during the elections.
07.05 / 12:33
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Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
Net household savings declined sharply by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23, according to the latest National Account Statistics 2024 of the Ministry of Statistics and Programme Implementation. The net household savings peaked at Rs 23.29 lakh crore in 2020-21. These have been on the decline since then, the data showed.
07.05 / 12:33
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Pharmaceuticals
Stock market update: Nifty Pharma index falls 1.86%
Shares of Gland Pharma Ltd.(up 0.43 per cent) ended the day as top gainers in the pack.
07.05 / 12:33
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Lalu's Muslim reservation remarks: INDIA bloc wants to scrap SC, ST quotas for vote bank, says Modi
Narendra Modi on Tuesday hit out at RJD president Lalu Prasad Yadav over his remarks favouring reservation benefits to Muslims and said the INDI alliance wants to snatch all quotas of SC, ST and OBCs and give them to their "vote bank" as part of a deeper conspiracy. Yadav's statement that he was in favour of extending reservation benefits to Muslims has triggered a political slugfest.
07.05 / 12:33
07.05 / 10:05
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IDBI Bank gets Rs 2.97 crore GST demand order
IDBI Bank on Tuesday said it has received a GST demand order of Rs 2.97 crore along with interest and penalty for alleged excess availment of input tax credit (ITC). In a regulatory filing, the private sector bank said the Dehradoon state tax department has issued an order under the GST rules pertaining to 2018-19 fiscal for alleged excess availment and utilisation of ITC.
07.05 / 10:05
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Move aside WagonR & Swift, India’s newest favourite is Tata Motors' Punch
Indian automotive sector, Tata's 'mini SUV' Punch has taken the lead as the best-selling model in the nation, surpassing some of Maruti's well-known models such as WagonR, Swift, and Brezza, TOI said in a report on Tuesday.
07.05 / 09:47
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Excise 'scam' case: Delhi court extends K Kavitha's judicial custody till May 14
Delhi court on Tuesday extended the judicial custody of BRS leader K Kavitha till May 14 in a money laundering case related to the alleged excise scam.
07.05 / 07:05
07.05 / 07:05
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Pidilite Ind shares 0.0% as Nifty drops
Pidilite Industries Ltd. traded 0.0 per cent in Tuesday's trade at 12:12PM (IST). Around 3,002 shares changed hands on the counter. The stock opened at Rs 2950.3 and touched an intraday high and low of Rs 2964.95 and Rs 2932.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 3116.0 and a 52-week low of Rs 2293.1.
07.05 / 06:35
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Ambuja Cements shares drop 1.47% as Sensex falls
Ambuja Cements Ltd. traded at Rs 597.0 on BSE at 11:47AM (IST) on Tuesday, down 1.47 per cent. The stock quoted a 52-week low price of Rs 395.95 and a high of Rs 649.0. Earlier in the day, the stock saw a gap up opening.
07.05 / 06:35
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County Group to deliver 4 million sq ft in 2024
Noida based real estate developer County Group plans to deliver over 4 million sq ft across three housing projects in 2024, overcoming the challenges faced during Covid. The region where majority of the projects are stuck and buyers are waiting for delivery for over a decade, has seen very few delivered projects since Covid.
07.05 / 04:09
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Financial
Buy Mahindra & Mahindra Financial Services, target price Rs 325: Motilal Oswal
Mahindra Financial Services Ltd. is Rs 255.05. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 32105.24 Crore) operating in NBFC sector.
07.05 / 04:09
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Buy Birla Corporation, target price Rs 1800: Motilal Oswal
Birla Corporation Ltd. with a target price of Rs 1800. The current market price of Birla Corporation Ltd. is Rs 1516.1. Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 11898.87 Crore) operating in Cement sector.
07.05 / 04:09
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Sell Mangalore Refinery And Petrochemicals, target price Rs 175: Motilal Oswal
Mangalore Refinery And Petrochemicals with a target price of Rs 175. The current market price of Mangalore Refinery And Petrochemicals Ltd. is Rs 231.05. Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 40204.62 Crore) operating in Gas & Petroleum sector.
07.05 / 04:09
markets
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Buy Raymond, target price Rs 2585: Motilal Oswal
Raymond with a target price of Rs 2585. The current market price of Raymond Ltd. is Rs 2192.85. Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 14604.61 Crore) operating in Textiles sector.
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