The WatchDog of the Indian Stock Market, Securities and Exchange Board of India(SEBI) has found a Dozen offshore investors that had their funds invested in the Adani Group Companies violated disclosure rules and adding to this were also in breach of the investment limits as reported. What are Offshore Investments Offshore investment is the type …
On April 22, 2024, Patanjali Foods Limited, a leading name in India’s natural and organic food sector, announced a significant expansion. The company established two new wholly-owned subsidiaries: Contemporary Agro Private Limited and Rishikrishi Farming Private Limited. This strategic move signifies Patanjali’s commitment to not only producing high-quality food products but also fostering sustainable farming …
The Indian Conglomerate with a market capitalisation of more than Rs.20 Lakh Crore reported its Q4 results on Monday, The most valued firm on the street registered a Consolidated Net profit of Rs.18,951 crores. Breakdown of Results Reliance Industries Ltd. reported a fall of about 1.8% in its consolidated net profit which was reported as …
The benchmark index S&P BSE 500 opened today at 32,669.61 and touched an intraday high of 32,671.16 and a low of 32,556.57, while currently trading at around 32,605.99 up by 0.36%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Tejas …
The Indian headline indices maintained their upward momentum, driven largely by telecommunications stocks which led the gains. The BSE Telecommunication Index, representing the telecommunication sector, saw a significant surge of approximately 4% today. The broader indices demonstrated strong performance, outpacing the main indices, with Vodafone Idea Ltd and Tejas Networks Ltd leading the gains in …
On April 22, 2024, Nifty 50 and Sensex rose 0.86% and 0.77% to 22,336 and 73,648, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹2,915 crore, while domestic investors bought shares worth ₹3,542 crore. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Consumer Durables, Nifty Pharma and Nifty Healthcare closed …
The Indian subsidiary of Japanese automaker Suzuki Motor Corporation, Maruti Suzuki India Ltd. has reported a net profit of Rs.3,877.8 crores in Q4 FY 2023-24 which is up 47% from Q4 FY 2022-23 but has still missed the expectations of analysts. The company has also declared a dividend of Rs.125 per share. The company with …
The Indian benchmark indices opened the final trading session of the week in the red. Both the Nifty and Sensex are down by 0.29% each, indicating a cautious end to the trading week. However, there’s a silver lining in the broader market performance as the Nifty Midcap and Nifty Small-Cap are trading higher by 0.77% …
The Indian Hotels Company Limited, an Indian hospitality company under the umbrella of the Tata Group, oversees a diverse portfolio of properties including hotels, resorts, jungle safaris, in-flight catering services etc. Following its Q4 results, Indian Hotels witnessed a nearly 5% decline in its share price, settling at Rs.581. The company posted a notable 27% …
On April 25, 2024, CRISIL ESG Ratings & Analytics Ltd (CRISIL ESG Ratings), a wholly owned subsidiary of CRISIL Ratings Ltd (CRL), received approval from the market regulator Securities and Exchange Board of India (SEBI) to act as a Category 1 provider of environmental, social and governance (ESG) ratings. The approval comes after SEBI notifications …
