Bharat Forge has received board approval to raise up to Rs 2,000 crore through the issuance of shares and debt, as the company reports mixed results for the first quarter of FY25. In Q1, Bharat Forge experienced a 13.5% decline in net profit, dropping to Rs 269.4 crore from Rs 312 crore in the same […]
Bharat Forge Board Approves Rs 2,000 Crore Fundraising Amid Mixed Q1 Results Read More »
During the latest Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das announced that the Reserve Bank of India (RBI) will maintain the repo rate at 6.5%. This decision continues a trend seen over the last eight reviews since February 2023, indicating a cautious approach in light of rising inflation, particularly within the volatile food
RBI Keeps Repo Rate Unchanged at 6.5% Amid Inflation Concerns Read More »
On August 8, shares worth ₹236 crore of Protean eGov Tech were sold in a block deal, with Standard Chartered Bank likely being the seller. Approximately 12 lakh shares, representing a 3.2 percent stake in the IT solutions provider, changed hands at a floor price of ₹1,805 per share, which is a 3 percent discount
Standard Chartered Likely Exits Protean eGov Tech with ₹236 Crore Block Deal Read More »
Symphony Ltd announced its buyback programme of up to Rs 71.40 crore and an interim dividend of Rs 1 per share for all eligible shareholders. The buyback price is fixed at ₹2,500 per share, about 71 per cent higher than Tuesday’s closing price. “The Board of Directors has considered and approved the following in their
Symphony Announces Rs 71.4 Crore Buyback and Interim Dividend; Sets Record Date Read More »
The deepest area of the political crisis in Bangladesh is blowing its shockwaves toward the global textile industry. Violent protests and the stepping down of the Prime Minister make many people fear for the future of Bangladesh’s garment sector. This uncertainty has sent Indian textile stocks surging. Stocks of Gokaldas Exports, Century Enka, and SP
Bangladesh Crisis Sparks 20% Rally in Indian Textile Stocks 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 »
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 »
