WhatsApp Financial News
12.10 / 09:37
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Singapore's RV Capital marks first close of India private credit fund
₹400 crore and a green-shoe option for a similar amount. “Performing credit" means lending to companies that are running their business on an ongoing basis, have a long track-record and are profitable at the Ebitda level. For the first close milestone, the asset manager has raised about ₹100 crore in commitments from a mix of domestic and offshore investors including high- and ultra-high-net-worth individuals, and family offices.
12.10 / 09:37
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Batla House encounter case: Delhi High Court refuses to confirm death sentence of Ariz Khan
₹11 lakh on him, making it clear that ₹10 lakh should immediately be released to the family members of Sharma. Subsequently, the high court received a reference for confirmation of Khan's death sentence. When a trial court sentences any person to death, its judgement is examined by the high court through hearing arguments for a confirmation of the sentence.
12.10 / 08:35
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PM Modi to flag off India's first, fastest urban transit system RAPIDX train in Delhi NCR next week. Details here
TOI. Moreover, the indigenously constructed platform screen corridor will be virtually launched.
12.10 / 08:35
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HDFC AMC Q2 Results: Net profit rises 20% to ₹436.5 crore; revenue grows 18% YoY
₹436.5 crore in the quarter ending September 2023, registering a growth of 20% year-on-year (YoY). The company has reported a net profit of ₹363.8 crore in the year-ago quarter.
12.10 / 08:35
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TCS announces 100% variable pay for 70% of its employees
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) On Wednesday, TCS posted a 2.4% QoQ rise in its consolidated net profit for the second quarter of FY24 to ₹11,342 crore. The IT major’s consolidated revenue from operations rose 0.5% to ₹59,692 crore in Q2FY24, from ₹59,381 crore, QoQ.
12.10 / 08:35
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Why ExxonMobil is paying $60bn for Pioneer
© 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com"Exciting news! Mint is now on WhatsApp Channels
12.10 / 08:35
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Mutual fund tweaks that small-cap investors need to do after this fall
₹14,091 crore in September due to a risk-off sentiment in the stock markets, mutual fund body AMFI said on Wednesday. Net inflows into small-cap funds were down by 37% at ₹2,678.47 crore in September and into midcaps declined by 20% to ₹2,001 crore. “We believe the decline has happened because of the high valuations in the market.
12.10 / 08:35
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NPS: What is the difference between auto and active choice?
National Pension System (NPS) is considered a feasible alternative too. Contrary to a widely-held perception, NPS contributions are open to corporate employees as well. When you invest in the NPS, you can get exposure to four different asset classes: equity, corporate bonds, government bonds and alternative investment funds (AIFs).
12.10 / 08:35
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Multibagger stock climbs to life-time high after Q2 results 2023. Do you own?
Multibagger stock: Shares of JTL Industries Ltd are one of the multibagger stocks that Indian stock market has produced in recent years. The small-cap stock traded ex-bonus recently in September 2023 for issuance of bonus share in 1:1 ratio, which means an eligible shareholder was awarded one bonus share for every one share they held on record date.
12.10 / 08:35
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Leo advance booking: Thalapathy Vijay's film in Tamil Nadu opens on THIS date
Also Read: Theatres in Tamil Nadu to hold early morning shows for Thalapathy Vijay’s ‘Leo’ Meanwhile, trade analyst, Sreedhar Pillai, wrote, “What’s your preferred time for the start of #FDFS in #TN for the 5th show allowed as per G.O - 4/6AM or 9AM?" Meanwhile, the Tamil Nadu government has granted permission for cinema halls to conduct special screenings for Thalapathy Vijay's highly anticipated film, 'Leo'.
12.10 / 06:19
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Justin Bieber takes down Instagram post with image of Gaza and ironical caption, ‘praying for Israel’; What netizens say
Associated Press depicted a devastated section of the Gaza Strip, reported The Daily Beast. Later, he removed the image and replaced it with a plain background while maintaining his 'praying for Israel' message.
12.10 / 06:19
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Q2 result preview: Strong US performance to lift the show for pharma companies
Also Read - Q2 Earnings Preview: Mixed bag performance for mining, metals sector: Nuvama Companies such as Sun Pharmaceutical Industries Ltd, Dr Reddy’s Laboratories Ltd, Lupin Ltd, Zydus Lifesciences, Cipla Ltd etc are likely to remain in focus, having significant dependance on the US market contributions in their earnings growth. As per Surya Patra, research analyst at PhillipCapital Institutional Equity research , while the US generic price pressure eased sequentially, the incremental benefits from key launches (including generics of Revlimid, Spiriva, Chantix, etc) and 4% Rupee depreciation year-on-year complements US generics growth.
12.10 / 06:19
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Uttarakhand: PM Modi to lay foundation for ₹4,200 cr investment projects today; performs puja at Parvati Kund. Watch
₹4,200 crore in investment. These projects span sectors like rural development, transportation, power, irrigation, water supply, horticulture, education, healthcare, and disaster management.
12.10 / 06:19
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Zaggle Prepaid Ocean Services Q1FY24 earnings disappoint; shares slump 6%
₹205.10 apiece on BSE on Thursday. At 10:54 IST, Zaggle share price recovered but was down over 2% at ₹209.30 per share.
12.10 / 06:19
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Grasim Industries share price hits fresh 52-week high; is the stock buy-worthy?
₹2,021.95 in morning trade on BSE, a day after the company informed the board of directors that the company will meet on Monday, October 16 to consider a fundraising. The stock opened at ₹1,994.95 against the previous close of ₹1,979.50 and rose 2.14 per cent to hit its 52-week high. "A meeting of the board of directors of Grasim Industries is scheduled to be held on Monday, 16th October 2023, to consider the proposal for raising funds by way of equity shares or other securities through a rights issue, qualified institutions placement (QIP), preferential issue or any other method as may be permitted under the applicable law, subject to such regulatory/statutory approvals as may be required," Grasim said in an exchange filing on Wednesday.
12.10 / 06:19
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How Israel's iron dome resisted against Hamas rockets| WATCH
Also Read: Israel-Hamas War LIVE Updates: Joe Biden issues warning to Iran on Gaza situation, says 'Be Careful' However, when Hamas launched its unexpected attack on Saturday, the Iron Dome system proved ineffective in dealing with the overwhelming rocket onslaught. In a span of just 20 minutes, Hamas launched a staggering 5,000 rockets from the Gaza Strip towards Israel. Also Read: Did Hamas behead citizens and children in Israel? President Biden has this to say The "Iron Dome" constitutes a ground-to-air, short-range air defence system designed to intercept and neutralize incoming missiles, rockets, and Unmanned Aerial Vehicles (UAVs) by destroying them in mid-air.
12.10 / 06:19
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Mukesh Ambani offers prayers at Badrinath Dham in Uttarakhand | See pics
₹5 crore to the temples' joint committee, the Badri-Kedar Temple Committee (BKTC). This came after Mukesh Ambani topped Forbes 100 India's Richest List 2023 and Hurun's Rich List on Wednesday.
12.10 / 03:59
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Zerodha's Nikhil Kamath unveils ‘WTF Fund’ for aspiring entrepreneurs under 22. Details here
₹80 lakh in total with each investing ₹20 lakh. “We will put out an application, have some preset filters, and we'll bring it down to say 10-15 companies.
12.10 / 03:59
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Nifty 50, Sensex today: What to expect from stock market indices in trade on October 12
BSE Sensex closed 393.69 points higher at 66,473.05, while the broader NSE Nifty 50 climbed 121.50 points to 19,811.35. Nifty 50 formed a reasonable bullish candle on the daily chart with minor upper shadow indicating an upside continuation pattern. Also Read: 5 things that changed for the stock market overnight - Gift Nifty to US Fed meeting minutes “Nifty witnessed minor upside breakout of the immediate resistance of around 19,700-19,750 levels, with gap up opening and the present upside gap could be considered as a bullish breakaway gap.
12.10 / 03:59
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Weather forecast today: Heavy rainfall expected in THESE states over next 2 days. Check IMD updates here
South India: Light to moderate rainfall is expected at some places, with isolated heavy rainfall accompanied by thunderstorms and lightning likely over Kerala from October 11 to 13, over Tamil Nadu on October 11 and 12 and over South Interior Karnataka on October 11, with a reduction thereafter. Northwest India: Light to moderate rainfall is likely over Jammu-Kashmir-Gilgit-Baltistan-Muzaffarabad from October 13 to 17 and over Himachal Pradesh and Punjab from October 14 to 17.
12.10 / 03:59
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Death
Operation Ajay Explained: First batch of Indians to fly out of Israel today, helplines issued | 5 things we know so far
Operation Ajay" on Wednesday to help Indians stuck in Israel to return home as fresh tension triggered in the region as Hamas militants made a series of brazen attacks on Israeli towns over the weekend. As per the external affairs ministry, around 18,000 Indians are currently residing in Israel.
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