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 »
The country’s largest lender, State Bank of India, announced on August 3 that it had hiked its net profit by about 1 percent at Rs 17,035.16 crore for the first quarter of the current financial year, which saw a marginal rise from last year’s Q1 when its net profit stood at Rs 16,884 crore. Sequential
State Bank of India Q1 Results: Net Profit Rises 1% to Rs 17,035 Crore Read More »
DEE Development Engineers announced on August 2 that it has secured two international orders totaling Rs 14 crore from Mitsubishi Heavy Industries, Japan, and GE Vernova International. These contracts involve the supply of pre-fabricated carbon and stainless-steel piping components, according to a regulatory filing by the company. The order from Mitsubishi Heavy Industries is valued
DEE Development Engineers Secures Rs 14 Crore in International Orders Read More »
On August 2, Britannia Industries reported a significant increase in its consolidated net profit for the June quarter, reaching Rs 524 crore. This marks a 14.5 percent rise from Rs 458 crore in the same quarter of the previous financial year. The company’s revenue from operations also saw a growth of 4 percent, coming in
Britannia Industries Sees Q1 Net Profit Surge by 14.5% to Rs 524 Crore Read More »
The Securities and Exchange Board of India (Sebi) is set to introduce a Performance Validation Agency (PVA) to verify claims of market outperformance made by various investment intermediaries, Chairperson Madhabi Puri Buch announced on August 2. Speaking at a FICCI capital market conference in Mumbai, she praised the National Stock Exchange (NSE) for its pioneering
Sebi to Launch Performance Validation Agency for Verifying Investment Return Claims Read More »
