Maruti Suzuki Q2 profit vrooms to Rs 3,716.5 cr
Chennai, Oct 27 (SocialNews.XYZ) India’s largest car maker Maruti Suzuki India Ltd on Friday said it had closed the second quarter of FY24 with an after tax profit of Rs 3,716.5 crore. In a regulatory…
Market
Bajaj Finserv Q2 PAT at Rs 754 cr
Chennai, Oct 27 (SocialNews.XYZ) Bajaj Finserv Ltd — the holding company for the Bajaj group’s financial services companies — on Friday said it had logged an after tax profit of Rs 754.34 crore for the…
After six days of losses, market appears to be oversold, say analysts
New Delhi, Oct 27 (SocialNews.XYZ) After six continuous days of losses triggered by the elevated bond yields in the US and tensions in West Asia, the market appears to be oversold, says V.K. Vijayakumar, Chief…
DHFL fraud: ED attaches assets worth Rs 70 cr of Wadhawan brothers
New Delhi, Oct 26 (SocialNews.XYZ) The Enforcement Directorate (ED) has attached assets worth Rs 70.39 crore belonging to Kapil Wadhawan and Dheeraj Wadhawan in connection with the DHFL fraud case. The ED said in a…
Reliance Foundation has reached out to 70 mn people in India: Nita Ambani
New Delhi, Oct 26 (SocialNews.XYZ) Reliance Foundation has reached out to 70 million people in India and it is present in all the states of the country, Nita Mukesh Ambani said in an interview. “For…
US economy grew at a robust 4.9% in third quarter despite highest interest rates in 22 years
Washington, Oct 26 (SocialNews.XYZ) The US economy expanded at an even stronger pace in the third quarter, despite interest rates at their highest level in 22 years, a media report said. Gross domestic product, a…
Short-term trend of Nifty continues to be negative, say analysts
Mumbai, Oct 26 (SocialNews.XYZ) Bears remain at the helm as Nifty on Thursday slipped below the 19,000-mark for the first time in four months, indicating a rising bearish condition, said Rupak De, Senior Technical Analyst…
‘Baap of Chart’ operator who promised reckless returns made huge loss in his trades
New Delhi, Oct 25 (SocialNews.XYZ) SEBI has found that a social media platform in the name of ‘Baap of Chart’ (BoC) being operated by Mohammad Nasiruddin Ansari acted as investment advisors without any registration. The…
Mukesh Ambani, son seek blessings at Gujarat’s Dwarkadhish temple
Devbhoomi Dwarka, Oct 25 (SocialNews.XYZ) Mukesh Ambani, the CMD of Reliance Industries, along with his son Anant Ambani offered prayers at the Dwarkadhish temple here on Wednesday. The father-son duo was warmly received with traditional…
Nifty tanks for fifth day on Israel-Hamas conflict
Mumbai, Oct 25 (SocialNews.XYZ) Nifty declined for the fifth day on Wednesday as the uncertainties associated with the Israel-Hamas conflict continued to weigh on the markets, said Deepak Jasani, Head of Retail Research at HDFC…
Loughborough University rebrands its biz school, says India a big focus mkt
New Delhi, Oct 25 (SocialNews.XYZ) The UK-based Loughborough University has announced rebranding of its business school as it aims to become the first-choice business school for purpose-led people and organisations. As part of a major…
Nifty will have its expiry this week which can add to further volatility
New Delhi, Oct 25 (SocialNews.XYZ) Nifty had the much awaited correction giving up almost 3 per cent for the week, says Jaykrishna Gandhi, Head – Business Development, Institutional Equities, Emkay Global Financial Services. The sell-off…
Sensex plunges more than 600 points to below 64K mark
New Delhi, Oct 25 (SocialNews.XYZ) BSE Sensex plunged more than 600 points to breach the 64,000 points mark on Wednesday. Sensex is down 610 points at 63,961 points. Heavy selling in Sensex heavyweights with Infosys…
Garuda Aerospace raises Rs 25 cr for working capital to execute order book
Chennai, Oct 25 (SocialNews.XYZ) With a confirmed order for 400 drones from Indian Farmers Fertiliser Cooperative Limited (IFFCO) and about 10,000 pre-bookings from various dealers, drone maker Garuda Aerospace has raised Rs 25 crore from…
Diversion of flows expected from small and mid-cap stocks to large-caps
New Delhi, Oct 25 (ANS) Diversion of funds is expected from small and mid-caps to large-caps, leading to a sharp reaction in mid and small-cap category where valuations are stretched, Hitesh Suvarna of JM Financial…
Weakness in small and mid-caps likely to persist
New Delhi, Oct 25 (SocialNews.XYZ) The uncertainties associated with the Israel-Hamas conflict will continue to weigh on markets in the near-term, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Positive news like decline…
Microsoft’s net income surges 27%, revenue up 13% amid AI push
San Francisco, Oct 25 (SocialNews.XYZ) Riding on the AI wave, Microsoft reported $56.5 billion in revenue (up 13 per cent) and a net income of $22.3 billion, an increase of 27 per cent, during its…
Business leaders call to accelerate net-zero actions
Geneva, Oct 24 (SocialNews.XYZ) More than 100 senior executives from the Alliance of CEO Climate Leaders, the world’s largest CEO-led community committed to net zero emissions, signed an open letter on Tuesday ahead of the…
US oil giant Chevron seals deal to buy Hess for $53 billion
New Delhi, Oct 23 (SocialNews.XYZ) American oil giant Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an…
Tata Steel, Maruti, Tata Motors top losers as Sensex trades down
New Delhi, Oct 23 (SocialNews.XYZ) With last week registering successively lower lows, the ongoing slide appears to gain momentum, setting up environment for a dive into the 19,350-230 region, says Anand James, Chief Market Strategist…