Category: Uncategorized

[ad_1] Market regulator SEBI has mandated all foreign portfolio investors (FPIs) to disclose their Legal Entity Identifier (LEI) code. This code is a unique global 20-character code to identify legally distinct entities that engage in financial transactions. LEI is conceived as a key measure to improve the quality and accuracy of financial data systems for […]

[ad_1] Tech Mahindra’s shares went down by 4.37 per cent as the company’s Q1FY24 performance raised concerns among investors. The company reported a significant decline in its consolidated net profit for the April–June quarter of fiscal year 2023–24. The net profit stood at ₹692.5 crore, marking a sharp 38 per cent decrease compared to ₹1,131 […]

[ad_1] Aditya Birla Sun Life Asset Management Company has reported that net profit increased 80 per cent in June quarter to ₹185 crore against ₹103 crore logged in the same period last year. Income was up 42 per cent at ₹389 crore (₹274 crore) as the asset under management (AUM) increased. Expenses increased 12 per […]

[ad_1] The short-term outlook is bullish for Zee Entertainment Enterprises Ltd (ZEEL). The stock surged 6 per cent on Tuesday. This sharp rise has happened from around the 200-Day Moving Average (MA) support. The 200-Day MA currently at ₹222 will now act as a good support and limit the downside. The cross over between the […]

[ad_1] MapmyIndia’s indigenous mapping and navigation app, Mappls, has secured the top spot on the Apple iOS App Store, leading in all categories, including Navigation. Surpassing Google Maps, which ranks 7th on the App Store, Mappls has also dominated the Maps & Navigation category on the Android Google Play Store, ranking among the Top 15 […]

[ad_1] Diversified conglomerate ITC Ltd.’s decision to demerge the hotel business into a wholly owned subsidiary sent the company’s stock price crashing by nearly four per cent on Monday. According to Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities, the hotel division had been a capital guzzler while contributing less than five per […]

[ad_1] Deccan Gold Mines Ltd has announced that Jonnagiri Gold Mining Project of Geomysore Services (India) Private Limited at Andhra Pradesh, that key shareholders of Geomysore – Thriveni Earth Movers Pvt Ltd and Deccan Gold Mines Limited – have agreed to infuse ₹60 crore of Equity Capital into Geomysore by the end of August. Stock under […]

[ad_1] Indian equity markets continue to draw foreign portfolio investments as foreign investors put in ₹43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth, and challenges faced by the Chinese economy. With this, inflow in the equity market reached ₹1.2 lakh crore so far this year, data with the depositories showed. […]

[ad_1] Zinc prices are expected to firm up towards the end of the year to around $2,800 – 3,000 per tonne levels if the current green shoots witnessed in the US and China sustain while Europe maintains an economic status quo, said Arun Misra, MD and CEO, Hindustan Zinc Ltd. Zinc demand in India is […]

[ad_1] Global index provider MSCI Inc. cited incorrect pricing caused by a technical issue as the reason for a sudden plunge in an India gauge on Friday. “Due to a technical issue, the opening price of a security in the MSCI India Index was incorrect,” Melanie Blanco, head of external communications, Americas, wrote in an […]