Billionaire Anil Agarwal’s Vedanta Ltd has reported a 36.5 percent increase in consolidated net profit for the quarter ending June 30, 2024. The company’s net profit surged to Rs 3,606 crore from Rs 2,640 crore in the same period last year, largely driven by elevated prices of zinc, lead, copper, and nickel. Revenue and EBITDA […]
Vedanta Q1 Profit Jumps 36.5% to Rs 3,606 Crore on Strong Commodity Prices Read More »
Recent global market sell-off can be attributed mainly to the sharp fluctuations in the Japanese Yen. The yen was at 165 Yen per USD two weeks ago. For over more than 30 years now, Japan has maintained zero interest rates on even loans, thereby encouraging many financial institutions around the world to borrow heavily from
Global Market Sell-Off Driven by Japanese Yen Fluctuations Read More »
Jio Financial Services Ltd. has introduced the JioFinance app in Paris, allowing Indian travelers to make digital payments at selected tourist attractions in the city. This launch coincides with the Paris Olympics, making Paris a prime destination for global sports enthusiasts. Visitors from India to France can now buy tickets to the Eiffel Tower from
Indians Can Use JioFinance App for Payments at Some Tourist Attractions in Paris Read More »
The shares of V-Mart Retail surged over 14% to touch the level of 52 weeks high at ₹ 3,299 on August 6, after the company delivered a strong performance in the quarter ended June, ahead of the market expectations. At 10 am, V-Mart Retail was trading its shares in the NSE at the rate of
V-Mart Retail Shares Surge 14% on Strong Q1 Earnings Read More »
Tokyo stocks surged more than 10 percent on Tuesday, rebounding from a record selling the previous day, prompted by concerns over the US economy and the stronger yen. The benchmark Nikkei 225 index gained 10.33 percent to 34,707.78, adding 3,249.36 points in the process. The broader Topix gained 228.49 points to 2,455.64, up by 10.26
Tokyo Stocks Rebound Over 10% After Historic Drop Read More »
Foreign portfolio investors from Japan account for a substantial presence, with their investments amounting to Rs 2.06 lakh crore or close to 3% of the total FPI exposure in Indian equities. NSDL data showed that, as of June, total AUC of Japanese FPIs stood at Rs2.17 lakh crore, of which equities accounted for Rs 2.06
Japanese Investors Hold Rs 2.06 Lakh Crore in Indian Stocks Read More »
Japan’s benchmark Nikkei 225 stock index plummeted nearly 13% on Monday, continuing the dramatic sell-offs that shook global markets last week as worries about the U.S. economy intensified. Not far from the close in Tokyo, the Nikkei fell over 4,500 points to 31,341.29. The broader TOPIX also plunged sharply, down 11.5 percent as the selling
Japan’s Nikkei 225 Falls Nearly 13% Amid U.S. Economic Worries Read More »
Shares of Tamilnad Mercantile Bank (TMB) have jumped over 5 percent today, August 5, as investors got continued to cheer the bank’s stellar earnings posted for the fiscal first quarter. Net profit increased by 10 percent at Rs 287.29 crore, which was led by an increase in net interest income. This is its highest-ever net
Tamilnad Mercantile Bank Stock Surges Following Strong Q1 Results Read More »
The 62-year-old Adani Group Chairman, Gautam Adani, plans to step down at 70 and pass on control of his sprawling business empire to his sons in the early 2030s. In an August 5 interview with Bloomberg News, Adani spoke for the first time about his strategy for succession, outlining how important business sustainability is through
Gautam Adani to Transition Leadership to Sons by Early 2030s Read More »
Ashish Chauhan, MD & CEO of NSE, revealed on Friday that only 30 pin codes in India have no investors. He noted, “There is a theory that countries with low per capita income cannot have good capital markets. But today, there are only around 30 pin codes, most of them airports, where people do not
Only 30 Indian Pin Codes Without Investors: NSE MD, CEO Ashish Chauhan Read More »
