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'Flying licence only remaining thing of value': Plane-less GoFirst banks on a June miracle
Management consultancy Primus Partners' Managing Director Shravan Shetty said Go First seems to be headed unfortunately towards liquidation with the cost of revival increasing.
Dr Reddy's Lab, PFC among 5 stocks with long buildup
Reliance Industries, JSW Steel among 5 stocks with short buildup
Yes Bank among10 largecap & midcap block deals last week
Nuvama recapped significant block deals in companies like Yes Bank, Kotak Mahindra, Axis Bank, Zomato, Shree Cement, HCL Technologies, AIA Engineering, CONCOR, Aurobindo Pharma, and Max Healthcare, reported by Economic Times.
This week is packed with notable corporate actions. HDFC Bank, HCL Technologies, Oracle Financial Services Software, Laurus Labs, UCO Bank, and Bank of Maharashtra are set to go ex-dividend, while Ajooni Biotech and Sanginita Chemicals have their rights issue ex-date scheduled.
Q4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy's Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Heres a list:
Suzlon Energy shares in focus over merger of wholly-owned subsidiary with itself
Highlighting the need for restructuring, Suzlon Energy said that the amalgamation would result in simplified group structure to further improve transparency.
Checklist for Investment Excellence: Insights from Michael Shearn
Buffett reassures about Berkshire's future, praises Apple even as he sells it
Warren Buffett paid tribute to his late business partner Charlie Munger at Berkshire Hathaway's annual meeting on Saturday, while reassuring shareholders that the executives expected to succeed him were ready for the job.
Will Nifty make up for Fridays loss? 6 factors to track this week
Nifty ended higher last week with banking sector influence. Positive sectors, except IT. Rising VIX hints at volatility. FPI flows, US bond yields, Indian economy critical. Technical analysis, IPO calendar impact sentiment.
IDBI Banks net profit rises 44% to Rs 1,628 cr in January-March
IDBI Bank's net profit in the quarter to March increased 44% year-on-year on account of loan growth and helped by a sharp fall in provisions, even as expenses increased and other income fell. 3
Warren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever.
Technical Call: Oil and Natural Gas Corporation - BUY
ONGC share price has potential to target 480 over the next two years
How exactly do heatwave and rainfall patterns affect Indias growth prospects?
Heatwave, below-normal rainfall and reduced reservoir levels may affect cropping and sowing patterns. These can hinder our economic growth, says Devendra Kumar Pant, Chief Economist, India Ratings and Research, in this episode of State of the Economy podcast
Highest-ever advancing stocks on BSE in April
A little over 2,400 BSE-listed stocks ended with gains in April amid a sharp rebound in the broader markets from the March lows. This was the highest number of stocks that rose during a calendar month, as per data provided on BSE's website. The previous high was 2,322 gainers recorded in January.
Paytm COO Bhavesh Gupta quits; senior mgmt rejigged
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Warren Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
FPIs exercise caution amid US yield surge, await June 4 electoral results
Turn net sellers on both equities and debt in April; make modest purchases in the two trading sessions of May
Kareena Kapoor Khan appointed UNICEF India National Ambassador, says Cynthia McCaffrey
Kareena Kapoor Khan, who has been associated with UNICEF India since 2014, will support the not-for-profit organisation in furthering every childs right to early childhood development, health, education and gender equality
What will Warren Buffett do next? Billionaire sitting on mountain of cash but no big deal in sight
In the absence of deals, Berkshire has turned to buying back its own shares. It spent about $2.6 billion doing that in the first quarter, it said in its earnings statement Saturday.
Warren Buffett's Berkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway Inc's record profit driven by insurance operations included a significant Apple share sale, increasing cash to $189 billion. Buffett's move away from Apple reflects investor concerns. The company also repurchased its own stock and held its annual meeting in Omaha.
J&K Bank reports highest-ever annual profit of Rs 1,767 crore for FY24
The bank witnessed a 10% increase in its total income to Rs 6,029.17 crore from Rs 5,502.09 crore. It had posted a profit of Rs 1,197 crore last fiscal, which was the highest profit till last year.
DMart Q4 result: Net profit sees 22% jump to Rs 563 crore, revenue up 20%. Full details
Its e-commerce vertical DMart Ready has started functioning in Gurugram. DMart Ready is available in 23 cities across the country.
Short Take: OFSS F&O contracts adjustment
With respect to adjustment in futures contracts, the reference rate of the relevant contract on May 6 will be considered
F&O Strategy: Bull call spread on Coal India
Traders can sell 480-strike call and simultaneously buy the 470-strike call
Crude Check: Support ahead for futures
6,400 is the key for May contract
Bullion Cues: Stuck within a band
Traders wait for a break
F&O Tracker: Nifty futures poised for intra-range decline
Bank Nifty futures staring at a psychological barrier
The retailer reported net profit of Rs 563.3 crore on revenue of Rs 12,726.6 crore
Concurrent Gainers: Siemens among 6 stocks that rose for 5 days in a row
Amid the negative trend, ETMarkets highlighted six stocks within the BSE 100 index that consistently rose in price throughout the last 5 trading sessions.
Use any rallies to switch from IT to domestic themes: Vinit Bolinjkar
Kotak Bank is suffering from the pains of RBI strictures and until that is sorted out I do not think this stock is going anywhere. So, 1600 was a strong support level that has given way and the stock can get into a vertical fall I think for another 200 points, according to Vinit Bolinjkar, Ventura Securities.
HCL Tech among 8 stocks that will trade ex-dividend next week
Here's a look at top stocks that will trade ex-dividend next week.
NSE becomes $1 bn company, contributes Rs 43,514 cr to state exchequer in FY24
For the full FY24, NSE's profit rose 51% to Rs 8,306 crore and the total revenue came in at Rs 16,352 crore, showing a 28% YoY jump
India's fintech sector has seen significant growth driven by technology and private investment, offering diverse financial products. Intellect Design Arena focuses on global banking solutions, emphasizing long-term sustainability over short-term gains.
Titagarh Rail among top 10 smallcap block deals signed this week
Fortis among Kunal Shah's 3 stock buy ideas for the week
Nifty is showing signs of near-term bearishness as it forms a Double Top pattern on the daily chart, coupled with a bearish engulfing candle. This suggests a sell-on-rise approach in the market, says this expert.
IDBI Bank Q4 Results: PAT soars 44% YoY to 1,628 crore; NII rises 12%
Its net interest income (NII) rose 12% to Rs 3,688 crore vs Rs 3,280 crore on a YoY basis .
Weekly Market Wrap: Despite selloff, D-street closes with marginal gains. What lies ahead?
The BSE Sensex rose 148 points, or 0.20%, at 73,878.15 during the week ended on May 03, 2024. While the Nifty gained 56 points, or 0.25%, to 22,475.85.
Income tax: Home loan benefits when two houses are self-occupied
There is no restriction on the number of houses a person can own under the provisions of the Income Tax Act. Likewise, there is no restriction on the number of houses a person can avail of the tax benefits for a home loan
Is the worst of geopolitical crises over?
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED and fear'. While most investors and the media are focused on United States (US) Federal Reserve policy and the endless chatter of Fed governors, Wood believes the news flow in the financial sphere pales into complete insignificance compared with the ectonic shifts going on in geopolitics.
Trent, BSE among 6 stocks that got upgraded and downgraded this week
During the week, at least 5 stocks earned downgrades while Trent got an upgrade.
Kotak Mahindra Bank Q4 Results: PAT surges 18% YoY to Rs 4,133 crore, NII at Rs 6,909 cr
Its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore, while itsnet interest margin (NIM) in Q4 rose to 5.28% vs 5.22% in Q3 of FY24.
Kotak Mahindra Bank Q4 Results: PAT jumps 18% YoY to Rs 4,133 crore, NIM at 5.28%
Kotak Mahindra Bank Q4 Results: Net interest income in Q4 rose 13% YoY to Rs 6,909 crore.
Why are metal stocks rallying: Explained!
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year.
Investing guru Warren Buffett draws thousands, but Charlie Munger's zingers will be missed
Tens of thousands of investors are expected to once again descend on an Omaha, Nebraska, arena Saturday to vacuum up tidbits of wisdom from billionaire Warren Buffett. But a key ingredient will be missing from his annual Berkshire Hathaway shareholders' meeting: It's the first since Vice Chairman Charlie Munger died.
Indian investors should think about bond investments, say experts; here's why
SEBI's move to reduce the face value of debt securities from 1 lakh to 10,000 has made bonds more accessible to retail investors, potentially increasing their involvement in the corporate bond market and improving liquidity.
NSE board okays 4:1 bonus issue, dividend of Rs 90 per share. More details here
The NSE reported a 20 per cent year-on-year increase in consolidated net profit at Rs 2,488 crore for three months ended March 2024.
Income Tax: As ITR forms enabled to file returns, check here which form you would require
The income tax (I-T) department has released the excel utility of ITR-6 for AY 2024-25. Prior to this, the department enabled the excel utility of ITR-1, ITR-2 and ITR-4 for AY 2024-25.
Top 10 equity mutual funds which delivered highest returns in April
There were around 488 equity schemes in the market.
Bajaj Finance sinks 8% amid rising NIM pressure
Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of the financial year 2023-24 (Q4FY24). The losses accounted for a fifth of the benchmark S and P BSE Sensex's 609-point loss. Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expected the pressure on NIMs to continue in the near term.
Smallcaps offering double-digit weekly returns fall to 29 amid subdued market sentiments
Newgen Software Tech was the top gainer from the smallcap pack, offering 27% returns. It was closely followed by Max Estates and Shakti Pumps, both gaining 21% each.
Kotak Mahindra Bank Q4 FY24 preview: Profit may slip, asset quality to remain stable
Top brokerages expect Kotak Mahindra Bank's net profit for the Q4 to fall around 3% year-on-year. Meanwhile, net interest income for the period is expected to grow 10% year-on-year.
The Fall Guy: Valuable money lessons from Ryan Gosling's new film
The film The Fall Guy features non-stop action and witty repartee, paying homage to unsung heroes who perform stunts. It also highlights the importance of giving credit to those who support your financial journey.
IPO alert: 3issues open next week, to raise Rs 6,390 cr; check details and latest GMPs
Aadhar Housing Finance, TBO Tek and Ingedene are looking to raise the amount, with an average issue size of Rs 2,130.85 crore via the primary route
NSE net profit up 20% in Q4 to 2,488 crore
The cash market recorded an average daily traded volume (ADTV) of 1.11 lakh crore in the quarter ended March, up 127 per cent y-o-y
Buffett gears up to meet investors sans Munger by his side
The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November.
Regulator proposes tighter guidelines on infra funding
RBI draft guidelines pertaining to the prudential framework for financing projects in the infrastructure, non-infrastructure and commercial real estate sectors. It said the guidelines lay down the regulatory dispensations regarding the date of commencement of commercial operations (DCCO) of such projects.
PNB Housing Finance eyes over 17% growth in FY25 loan book
Managing director Girish Kousgi told ET that the lender is aiming to grow its retail book by 17% in FY25, while the overall loan growth is likely to be more when it resumes corporate lending.
Bank Holiday today: Are banks closed on Saturday, May 4? Check state-wise list
As May 4 marks the first Saturday of the month, banks will remain operational today. Banks remain open on first and third Saturdays.
7 Adani cos have received Sebi show cause notices
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports and Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.
Coforge eyes 4x growth in 4 years, as stock crashes 10% in a day
Cigniti acquisition may add $250 million in net incremental revenue, Coforge CEO Sudhir Singh said
Vi loses 680,000 subscribers in March, its fewest in seven months
The carrier had lost 16.25 million subscribers from in the first 11 months of FY24, including more than a million every month from November 2023 to February 2024, according to data from the telecom regulator.
ADB open to scaling up financing of private sector projects in India
ADB is very excited about Indias economic growth and the agency was talking to some of the sponsors of projects in solar energy, hydropower, energy transition and battery storage sectors, said vice president (Market Solutions) Bhargav Dasgupta
Britannia Industries declares a final dividend of Rs 73 per share
The profit figure was down 3.6% versus Rs 558.66 crore reported in the year-ago period.
India could be Apples third largest market in 3 years
Apple posted its eight straight quarter of quarterly revenue record for India.The company's India revenue is expected to have grown 70% to reach $10 billion in FY24
PAT stood at Rs 558.66 crore reported in the year-ago period.
Raymond Q4 Results: PAT rises 18% YoY to Rs 229 crore
Raymond Ltd on Friday reported an 18 per cent rise in consolidated profit after tax at Rs 229 crore in the fourth quarter ended March 2024. The company had posted a consolidated profit after tax of Rs 194 crore in the same quarter previous fiscal, Raymond Ltd said in a statement.
Firstsource Solutions Q4 Results: Net profit drops 6% YoY to Rs 133.5 crore
RP Sanjiv Goenka Group's business process management services company, Firstsource Solutions Limited, posted a consolidated decline of 5.6 per cent in net profit to Rs 133.5 crore for the quarter ended March 2024, compared to Rs 141.3 crore registered in the same period last year, despite higher sales.
JSW Infrastructure Q4 Results: Net profit rises 9% to Rs 329 crore
JSW Infrastructure on Friday reported 9 per cent increase in consolidated net profit to Rs 329 crore for the fourth quarter ended March 2024. The company had clocked a profit of Rs 302.26 crore in the corresponding period of the previous fiscal, it said in a BSE filing.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
8 defence stocks beat benchmark by wide margin, soar up to 267% in a year
From the pack Zen Technologies, and Mazagon Dock Shipbuilders have soared over 200%
Early filing can help taxpayers get refunds sooner. Additionally, it gives them more time to revise or correct returns without penalty, say experts.
Forex reserves drop $2.41 bn to $637.92 bn
India's forex reserves dropped $2.412 billion to $637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined $2.28 billion to $640.33 billion. For the week ended April 5, the reserves had hit an all-time high of $648.562 billion following multiple weeks of increases.
Beer battles election blues, gin toasts summer gains
The scorching summer notwithstanding, beer sales may falter this year due to election-related curbs. Gin, meanwhile, might just seize the spotlight
Titan Company Q4 earnings: Net profit rises 7%, dividend announced
Titan Company Q4 earnings: Net profit climbed to Rs 786 crore in Q4 from Rs 734 crore in the year-ago period
Sebi announces new rules for onboarding of clients by portfolio managers an explainer
Before onboarding, a portfolio manager and the client will enter into a written agreement that clearly defines the relationship and sets out their mutual rights.
Trent, Oberoi Realty among 5 stocks with top long unwinding
In Friday's trading session, five stocks witnessed a top long unwinding.
Axis Nifty Bank Index Fund opens for subscription. Key things to know
Sensex tumbles 733 points amid broad-based selloff
From the Sensex basket, Larsen and Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.
Govt plans new pricing norms for medical device industry
Specific regulations for the medical device industry will streamline the approval process, enabling manufacturers to secure clinical trial approvals and sales licences in a short period
Ashok Leyland, Lupin among 5 stocks with top short covering
Short covering signals a shift in view on a security from extreme bearishness to bullishness.
FM Sitharaman refutes reports of income tax changes after Lok Sabha election results
Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results.
Tata Technologies Q4 results: Profit tanks 27.4% to Rs 157.20 crore; here's what management says
The consolidated revenue from operations declined 7.2 per cent YoY to Rs 1,301 crore from Rs 1,402.40 crore YoY.
Renewable energy accounted for 71% of Indias power generation capacity addition in FY24: Report
Latest edition of the CEEW-CEF Market Handbook, says share of coal and lignite in Indias total installed capacity fell below 50% for the first time.
Gainers & Losers: MRF, Coforge among top 7 stocks that hogged limelight on Friday
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DMart Q4 Preview: Profit may rise 23% YoY; margins to expand
An average of four brokerages expect the net profit for the January-March period to grow 23% year-on-year. Revenue for the period may also jump 20% year-on-year.
Titan board declares dividend of Rs 11 per share
The consolidated total income for the reporting quarter stood at Rs 11,472 crore, a jump of 21.8% over Rs 9,419 crore reported in the year-ago period.
Sudeep Shah of SBI Securities analyzes Alembic Pharma and Coal India breakouts, India VIX rise, and Bank Nifty performance. He suggests trading strategies amidst market uncertainties and stock-specific trends.
Sensex sheds 733 pts, Nifty settles below 22,300 on profit taking
The benchmarks added about 0.25% each this week, their second consecutive weekly rise
