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DCB Bank Reports 15% Profit Increase in FY 2024, Share Price Surges 10%

DCB Bank Reports 15% Profit Increase in FY 2024, Share Price Surges 10%

24 April 2024

On April 24, 2024, DCB Bank announced its FY 2024 financial results in which the bank reported a growth of 15% in its profit after tax, touching ₹536 crore in FY 2024. DCB Bank’s total income in FY 2024 was ₹2,402 crore. DCB Bank reported a profit after tax (PAT) of ₹536 crore in FY …

RBI Bars Kotak Mahindra Bank For Digital Onboarding and Credit Card Issuance

RBI Bars Kotak Mahindra Bank For Digital Onboarding and Credit Card Issuance

24 April 2024

On April 24, 2024, the Reserve Bank of India (RBI) took corrective action against Kotak Mahindra Bank due to concerns identified during IT examinations conducted in 2022 and 2023. The bank’s failure to adequately address these concerns further amplified them. The action was taken under Section 35A of the Banking Regulation Act 1949. Reasons for …

Investors Still Confused Over IREDA: Know What Are The Market Expectations?

Investors Still Confused Over IREDA: Know What Are The Market Expectations?

24 April 2024

PSU Energy Stock, IREDA has turned out to be a multi-bagger with the issue offer coming at Rs.32 in November month last year, The stock has given multi-bagger returns of around 426.6% from the issue price and currently trades at Rs.168 a piece as on 24th April,2024. How Has The Stock Played? After its listing …

Zydus Lifesciences Falls Drastically After USFDA Observations In The Vadodara Facility

Zydus Lifesciences Falls Drastically After USFDA Observations In The Vadodara Facility

24 April 2024

Zydus Lifesciences Limited, previously named Cadila Healthcare Limited, is an Indian pharmaceutical giant based in Ahmedabad, Gujarat. It focuses predominantly on producing, marketing and selling a wide variety of generic drugs. This listed company has a market cap of around Rs.96,553.18 cr. In the third quarter of fiscal year 2024, the pharmaceutical company recorded a …

Puravankara Bags Another Flagship Project Mumbai

Puravankara Bags Another Flagship Project Mumbai

24 April 2024

Puravankara Ltd. has emerged as the developer for the redevelopment of a residential housing society in Pali Hill Locality of Mumbai, This project is going to have an estimated total development potential of 4.1 Lakh square feet of carpet area, with around 2.1 Lakh square feet of area available for sale. The company in its …

MCX Released Q4 FY24 Results: Growth of ~33.11% in Operations Revenue

MCX Released Q4 FY24 Results: Growth of ~33.11% in Operations Revenue

24 April 2024

On April 23, 2024, India’s largest Exchange in the Commodity Derivatives Market segment, The Multi Commodity Exchange of India Ltd. (MCX), released its unaudited financial results for the Q4 and year ended March 31, 2024. Quarterly Performance During Q4 FY2024, MCX recorded a 29.66% increase in total income to ₹199.45 crore on a YoY basis. …

SBI Card Launches Travel-Centric Credit Card ‘SBI Card MILES’ with Flexible Rewards

SBI Card Launches Travel-Centric Credit Card ‘SBI Card MILES’ with Flexible Rewards

24 April 2024

SBI Card, India’s leading pure-play credit card issuer, unveiled its first travel-focused credit card program, SBI Card MILES, on April 23, 2024. This has been designed to cater to all types of travellers, from those with occasional travel aspirations to frequent fliers and travel enthusiasts. SBI Card MILES offers a comprehensive suite of benefits. SBI …

Upcoming Dividends in May 2024

Upcoming Dividends in May 2024

23 April 2024

Upcoming Dividends  Several notable companies are gearing up to distribute dividends to their shareholders in the upcoming days. Swaraj Engines, HDFC Life, Bajaj Auto, Infosys, and others have announced their dividend payouts, reflecting their commitment to rewarding shareholders. Dividends serve as a form of return on investment for shareholders, providing them with additional income beyond …

Patel Engineering Launches QIP To Raise Rs.500 Cr

Patel Engineering Launches QIP To Raise Rs.500 Cr

24 April 2024

Patel Engineering Ltd. is an Indian construction company that specializes in constructing dams, bridges, tunnels, roads, and other heavy civil engineering projects, focusing on hydro, irrigation, urban infrastructure, and transportation sectors. Patel Engineering is a listed company in the Indian stock market with a market cap of Rs.5,028 Cr, The Promoter holding for the stock …

Summit Securities’ Subsidiary To Sell Stake In Sudarshan Electronics

Summit Securities’ Subsidiary To Sell Stake In Sudarshan Electronics

24 April 2024

On April 23, 2024, Summit Securities Limited informed in an exchange filing that the company’s wholly-owned subsidiary, Instant Holdings Limited, had entered into an agreement with Kojak Knits Private Limited. Details of the Agreement  Instant Holdings Limited has signed an agreement or Memorandum of Understanding (MOU) with Kojak Knits Private Limited to sell Instant Holdings’ …

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