There was a net inflow of 338.44 Cr into domestic stocks due to the net purchasing value of 5,522.80 Cr by (DIIs) and the net selling value of 5,184.36 Cr. Despite concerns over US sovereign debt and tightening of monetary measures, Indian shares closed Thursday’s session marginally higher. The Sensex finished up 0.16 percent at […]
FIIs buy Rs.589 crore while DIIs buy Rs.339 crore Indian equities Read More »
FSN E-Commerce Ventures, Nykaa’s parent company has announced its results for Q4 23. According to report, a net profit drop of 71.8% to 2.4 crores during the quarter ending in March 2023. Last year net profit of 9 crore in the same fiscal was recorded. The platform saw its income from operations increase by 33.7%,
Indiabulls Housing Finance has declared results for the fourth quarter of FY 23. Net profit of the company stood at 262.2 crore, down 14.4 percent from 306.8 crore in the previous year period. In comparison to the same time a year earlier, the mortgage lender’s net interest revenue (the sum of interest collected minus interest
IndiaBulls Housing Finance Q4 Results, NII up by 14% Read More »
‘How many types of company are there?’ This question arises to many. When it comes to starting a business, having a right corporate structure is essential. However not many realize the same and end up with a complex business structure. Having a complex business structure can have adverse effects on decision making, capital raising, compliance,
Types of Company with example, classification (10 Important Things to know) Read More »
The second largest IT company declared its results for the quarter. It did miss the estimates top line and bottom line. Along with quarterly profit (Y-o-Y) of Rs.6,128 crores, the consolidated revenue for the quarter was Rs.37,441 crore, up by 16% (Y-o-Y) However when coming to numbers for quarter on quarter (Q-o-Q) revenue has declined
Infosys Q4 Results, profit up by 7.8 % at Rs.6,128 cr Read More »
On April 1, IRDAI introduced new rules that could increase insurance penetration in the country. Let us look at the new rules in the article. India is an under insured country wherein insurance penetration was 4.2% in FY21. With new rules IRDAI has removed cap on commission for insurance – life insurance, general insurance and
Can new IRDAI rules increase insurance penetration in India? Read More »
Indian Premier League (IPL) was launched in the year 2008. The league has managed to grab fans not only in India but also world in a short period of time. According to Brand Finance, a brand valuation company, Indian Premier League IPL brand value was $10.9 Billion in December 2022. The report stated that IPL
Trading and Demat Account Nominee Updation The earlier deadline for appointing a nominee for trading and demat account was 31st March 2023. The eligible account holder had to either add a nominee or had to opt out by the deadline. However SEBI in a circular dated 27th March 2023 extended the deadline to 30th September
Demat Nominee Update, PAN-Aadhar Link, MF Nominee Update deadlines extended. Read More »
The 2023 union budget which was presented by Minister of Finance Nirmala Sitharaman proposed several changes from rebate limit to new income tax slabs. In this article let’s dig deep into the proposed income tax changes that would be effective from 1st April 2023. Tax Rebate The limit for tax rebate has been increased to
Starting from April 1, here are 6 important Income Tax changes you need to know Read More »
The Vedanta board had approved the proposal on Tuesday to declare fifth interim dividend of Rs.20.50. The company has fixed 7 April 2023 as the dividend record date. The total cash outgo would be Rs.7621 crore. Along with latest March dividend, The Anil Agarwal led company this year has paid along Rs.37,733 crores, Vedanta’s highest
Vedanta declares fifth interim dividend of Rs.20.50 Read More »
