Latest Updates Around The World
The rupid traded in a tight reach and dropped 5 Paise to 87.63 against the US dollar with depreciation pressure that is still hanging in the midst of persistent commercial uncertainty and a solid background of the US. Forex traders said the rupid acts in a narrow range, because the reserve Bank of India protects […]
Prashant khemkaFounder, White Oak Capital ManagementSays that market uncertainty is a constant, with major events that overshadow the frequent fluctuations. The advice is to remain fully invested and to prevent frequent portfolios based on news, because this is primarily benefited to brokers. A balanced portfolio with a mix of domestic and export -oriented names in […]
Ahmedabad-Founded Medistep Healthcare will open its RS 16.10 Crore IPO for subscription on 8 August, so that access to the capital markets are marked via the NSE SME platform. The public issue, priced at a fixed speed of RS 43 per share, will be closed on 12 August, with the allocation expected the next day. […]
Mumbai: Both regular banks and non-banking lenders could move to the direct allocation route on Co-Lent Assets, anticipating a delay in such deals after the central bank decided to sharpen the rules, said industry experts. The co-loan industry is estimated at more than £ 1 lakh crore. Credit providers said that the new reserve Bank […]
Biocon achieved a decrease of 95% on an annual basis in reported net profit in the first quarter of June. However, the company claims to have booked an increase of 65% profit after tax on a similar basis, after adjusting the one-off disinvestment profits that it achieved a year ago in the same quarter through […]
Pune-based Emcure Pharmaceuticals On Thursday, an increase of 41% reported on an annual basis of the net profit of the first quarter at RS 215 Crore. Turnover from the activities increased by 16% to RS 2,101 Crore, powered by robust performance in domestic and international companies. The EBITDA margins of the company for April-June was […]
The Grasim Industries is expected to report a larger net loss in Q1 despite the robust revenue growth of more than 30% on an annual basis. Brokers expect weak profitability due to continuous losses in New-Age Verticals such as paint and B2B-E-Commerce, as well as soft margins in the core-viscose fiber activities. While the chemical […]
TV broadcaster Sun TV Network reported a marginal decline of his consolidated turnover and profit for the quarter ending on 30 June, because the advertisement links remained under pressure in the midst of cautious expenses by advertisers. The profit before interest, taxes, depreciation and amortization (EBITDA) was £ 617 crore, a decrease of 13% of […]
The Indian market ended marginal higher on Thursday, with early losses when buying picked up in the last hour of trade on the weekly expiry date of Nifty derivatives. Sentiment recovered after brokers said that the impact of the abrupt step of US President Donald Trump to double rates on Indian export would be limited, […]
