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 …
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 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 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 …
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, 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 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 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 …
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’ …
IIFL Finance Ltd, a diversified non-banking financial company (NBFC) in India, provides a range of financial services through its subsidiaries. It offers various products including gold loans, business loans, home loans, microfinance, capital market finance, construction finance, etc. It is a listed company with a market cap of Rs.17,539 Cr. Additionally, it is among the …
