The forex market too bore the brunt of heightened risk aversion, with the rupee plunging to a fresh lifetime low of 77.63 per US dollar intra-day amid foreign capital outflows.
At the interbank foreign exchange market, the Indian currency opened at 77.56 against a dollar and slipped to a low of 77.59 in the morning trade against its previous day’s close of 77.23.
The recent volatility has led to a sharp drop in the grey market premium of LIC shares.
CoinDCX CEO and Co-Founder Sumit Gupta said 30 per cent tax on income from cryptocurrencies is on the higher side and should be reduced.
BharatPe said it has registered the strongest quarter in its history (Q4 FY22) with 4x growth in overall revenue.
Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs’ flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head – Equity Research (Retail), Kotak Securities, said.
Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output, relying on organic growth at its existing sites.
The 30-share BSE benchmark dived 866.65 points or 1.56 per cent to settle at 54,835.58. During the day, it tumbled 1,115.48 points or 2 per cent to 54,586.75.
The bank had posted a net profit of Rs 478 crore in the same quarter previous fiscal.
The initial share sale will be open for public subscription on May 11 and conclude on May 13. The bidding for anchor investors will open on May 10, according to the company.
Shares of air conditioning and engineering services company Voltas Ltd tumbled nearly 10 per cent in early trade on Friday after the firm reported a 23.46 per cent decline in its consolidated net profit in the fourth quarter ended March 2022. The stock tanked 9.77 per cent to Rs 1,045[Read More…]
With the technological advancements, numerous introductions have been introduced which has amazed all.
US-based IT services company Cognizant, which has 70 per cent of its workforce in India, on Thursday posted an 11.48 per cent increase in net income at USD 563 million for the first quarter ended March 2022 on account of growth in digital revenue. The company had registered net income[Read More…]
Of the total, the policyholder portion was subscribed nearly three times while the reserved employees’ segment was subscribed 1.8 times, as per the data on stock exchanges.
The 30-share BSE benchmark was trading 650.9 points higher at 56,319.93. The NSE Nifty also jumped 185.65 points to 16,863.25.
The country’s largest two-wheeler maker had reported a PAT of Rs 885 crore in the January-March quarter of the 2020-21 fiscal.
Key Metrics: Fourth Quarter -Revenue increased by 32 per cent year-over-year to Rs 8,531 million.
The revenue from operations of Sterlite Technologies (STL) grew by 7.2 per cent to Rs 1,581.97 crore during the reported quarter from Rs 1,475.01 crore in the year-ago period.
Bank’s provisioning for bad loans and contingencies for Q4FY22 came down to Rs 365.38 crore, from Rs 1,341.26 crore parked aside in the year-ago period.
Megamus has seen enormous success in his professional career, which he has built through years of hard work and staying focussed on his goals
The percentage of shareholding or control acquired is nearly 7 per cent, Bharti Airtel said in a regulatory filing to the stock exchanges.
Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin[Read More…]
The 30 stock S&P BSE Sensex slumped 537.22 points or 0.94 per cent to 56,819.39 points against its previous day’s close at 57,356.61 points.
The market heavyweight stock jumped 1.85 per cent to its record high of Rs 2,827.10 on the BSE.
Customers can now book fixed deposits starting from Rs 500 up to Rs 190,000 within minutes through a seamless digital journey on the Airtel Thanks app, Airtel Payments Bank said in a statement.