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Bajaj Finserv Ltd., one of India’s major NBFC has inked an MoU with the State Government of Maharashtra to establish a Rs. 5000 crore project in Pune. The project is expected to feature cutting-edge infrastructure and services for commercial enterprises. It is expected to begin in 2023. Bajaj Finserv Group, with headquarters in Pune, is an […]
As on July 7, 2023, the National Stock Exchange will no longer offer its Bank Nifty Options contract to expire on a Thursday. Starting from the week of July 9, NSE will have a F&O expiry on Friday. As at the close of business on Thursday, July 6, 2023, all outstanding contracts having a Thursday
Bank Nifty F&O to expire on Friday instead of Thursday Read More »
“Is share market open today?” This question appears to many. Look no further now as we bring you holiday list of stock market for CY23. Starting with April, National Stock Exchange(NSE) and Bombay Stock Exchange(BSE) to remain closed on four days in April, out of which one would be Saturday (April 22). Markets will be
Is share market open today? Stock Market to remain close on these days in CY23 Read More »
ICICI Bank, the second largest private lender in the country has hiked FD rates. The bank is now offering interest rates between 4.75 percent to 6.75 percent. The new FD rates would be in effect from 22 March 2023. ICICI Bank had hiked the interest rates on bulk FDs in February. Bank has increased rates
Good News for FD Holders as ICICI Bank hikes FD rates Read More »
Nirmala Sitharaman, the finance minister, stated that the privatization of public-sector financial institutions especially banks will proceed as planned. Regarding bank privatizations, they will proceed as planned. Sitharaman reaffirmed this position in Mumbai, Maharashtra yesterday. Sitharaman stated in the 2021 Budget address that the government would seek to privatize two banks in the public sector
PSU Banks privatization to take place as planned says FM Nirmala Sitharaman Read More »
Sun Pharmaceuticals reported an overall net profit of 1,984 crore for Q4FY23 on May 26. This is an improvement from the 2,277 crore net loss reported for the same period in FY22. EBITDA for the firm for the Q4 was Rs.2,803 crore while operating revenue stood at Rs. 10,930.6 crore. For Q4FY23, sales of US
Sun Pharma Results – Q4 Operating Revenue saw 15.7% increase. Read More »
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 »
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 »
