Foreign direct equity investments in India hit a five-year low in the financial year ending March 31, 2024 (FY24), totalling $44.42 billion. This decline is attributed to external factors such as high interest rates in advanced economies and a limited absorptive capacity in various sectors in India. According to data released by the Department for […]
Travel distribution platform TBO Tek has announced impressive financial results for the fiscal year 2024, reporting revenues of Rs 1,393 crore, marking a 31% increase year-on-year. The company also recorded a net profit of Rs 201 crore for FY24, up 35% from the previous year. Gaurav Bhatnagar, Co-Founder and Joint Managing Director of TBO Tek […]
NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE), has unveiled the country's first thematic index dedicated to the electric vehicle (EV) sector – the Nifty EV & New Age Automotive index. This groundbreaking initiative aims to track the performance of companies that are integral to the EV ecosystem or involved in developing […]
Realty firm Shriram Properties announced a 32% increase in consolidated net profit for the March quarter, reaching Rs 20.18 crore compared to Rs 15.25 crore in the same period last year. This growth is attributed to a significant rise in total income, which doubled to Rs 358.37 crore in Q4 FY24 from Rs 170.98 crore […]
The Reserve Bank of India (RBI) has imposed significant business restrictions on ECL Finance and Edelweiss Asset Reconstruction Company Limited (EARCL), both part of the Edelweiss Group, citing "material supervisory concerns." These concerns are primarily related to governance and compliance issues that the RBI uncovered during its recent supervisory assessments. The restrictions prohibit these entities […]
Aadhar Housing Finance, which was listed just a fortnight ago, announced a significant 43% year-on-year increase in net profit for the March quarter, reaching Rs 202 crore compared to Rs 141 crore in the same period last year. This impressive performance highlights the company’s strong financial health and effective growth strategies. The total income for […]
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a comprehensive master circular on health insurance, bringing significant changes aimed at empowering policyholders and enhancing service standards across the sector. Key Highlights of the Master Circular Objective of the Health Insurance Circular The master circular, dated May 29, consolidates and replaces 55 previous […]
The stock market's reaction to election results is well-documented, reflecting the broader economic and political shifts investors anticipate. With the 2024 Lok Sabha elections in India capturing global attention, understanding the interplay between political outcomes and market behaviour is crucial for investors, policymakers, and analysts alike. Historical Trends Historically, election periods are marked by heightened […]
Prestige Estates Projects reported a substantial 70% decline in its consolidated net profit for the quarter ended March 2024, registering Rs 140 crore compared to Rs 468.4 crore in the same period last year. This sharp decrease in profit is primarily attributed to lower quarterly income, as detailed in a regulatory filing late Tuesday. The […]
IFB Industries Ltd reported a consolidated net profit of Rs 12 crore for the fourth quarter ended March 31, 2024, a significant improvement from the net loss of Rs 9.94 crore in the same period last year. According to a regulatory filing on Tuesday, this positive turnaround is attributed to robust performances in both the […]
