Zydus Lifesciences reported a strong performance for the third quarter of the financial year 2024-25, with its consolidated net profit rising 30% year-on-year to ₹1,023 crore. The company had posted a net profit of ₹789 crore in the same quarter last year. Revenue from operations saw a 17% growth, reaching ₹5,269 crore in Q3 FY25, […]
Zydus Lifesciences Q3 Profit Rises 30% to ₹1,023 Crore, Revenue Jumps 17% Read More »
ITC Hotels Ltd will be delisted from 30-share BSE Sensex, and 22 other indices of BSE, with its deletion effective February 5, 2025, at trading opening, in view of its recently completed demerger with ITC Ltd., for a re-alignment in a variety of stock indices. According to an official statement, ITC Hotels’ delisting was triggered
ITC Hotels Removed from Sensex and Other BSE Indices Following Demerger Read More »
Gold prices surged to a record high on Wednesday as tensions between the United States and China escalated, triggering fears of a full-scale trade war. The rise came after Beijing imposed new tariffs on U.S. imports in retaliation to Washington’s duties on Chinese goods. As of 0253 GMT, spot gold was trading 0.2% higher at
Gold Prices Reach All-Time High Amid US-China Trade War Concerns Read More »
Shares of Power Grid Corporation of India declined over 1% in early trade on February 4 after the company reported a 4% drop in its net profit for the third quarter. At 9:45 AM, the stock was trading at ₹279.60 per share, down 1.48% from its previous close. The state-owned transmission utility disclosed its Q3
Power Grid Shares Dip Over 1% as Q3 Net Profit Falls 4% to ₹3,862 Crore Read More »
China has announced fresh tariffs on US imports and launched an anti-trust probe against Google in response to the latest trade restrictions imposed by the United States. The Chinese Finance Ministry stated that a 15% tariff will be levied on US coal and liquefied natural gas, while a 10% tariff will be imposed on crude
China Hits Back at US Tariffs, Indian Markets React with Sharp Decline Read More »
The number of individuals holding more than three demat accounts linked to a single PAN (Permanent Account Number) has surged significantly. In FY 2024, this figure reached 7.9 million, marking a 10-fold increase compared to 700,000 in FY 2017. According to a study published in SEBI’s latest bulletin, the proportion of multiple demat accounts linked
Rise in Multiple Demat Accounts per PAN, Grows 504 Times Since 2016-17 Read More »
US stock markets faced heavy selling pressure on Monday as futures linked to the S&P 500, Dow Jones, and Nasdaq 100 fell sharply in early trade. Investor sentiment weakened after President Donald Trump’s sweeping tariffs on Canada, Mexico, and China raised concerns of a global trade war, weaker corporate earnings, and an economic slowdown. At
US Stock Markets Fall as Trump’s Tariffs Worry Investors Read More »
The recent tariff imposition by US President Donald Trump towards Chinese, Mexican, and Canadian imports have generated ripples in financial markets globally, with a big impact for India. On one hand, the move can become a booster for India’s exports with its becoming a preferred source, but at a cost, in terms of fluctuations in
Trump’s Tariffs and Their Impact on the Indian Economy and Stock Markets Read More »
The Indian rupee tumbled to a record low against the US dollar on February 3, breaching the 87-mark in early trade as global financial markets reeled from US President Donald Trump’s new tariff measures. The domestic unit weakened to 87.1100 per unit of the dollar, down from its closing price of 86.6162, in a dash
Indian Rupee Falls Below 87 Against US Dollar as Trump’s Tariffs Shake Global Markets Read More »
In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman made a landmark announcement regarding income tax slabs. She confirmed that individuals earning up to ₹12 lakh per annum will not be required to pay any income tax, marking a significant shift in the taxation system. This announcement was met with applause in the House,
