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National / Business Today

NSE becomes $1 bn company, contributes Rs 43,514 cr to state exchequer in FY24

For the full FY24, NSE's profit rose 51% to Rs 8,306 crore and the total revenue came in at Rs 16,352 crore, showing a 28% YoY jump

4 May 2024 4:09 pm
Fixed deposits: SBI Multi Option Deposit Scheme vs HDFC Bank senior citizen special FD vs Punjab Bank FD

As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers.

4 May 2024 3:29 pm
'Karma has a way of biting back': Spam calls remind Zerodha's Nithin Kamath of days as call centre worker

Kamath was barely 17 when he began stock trading in the late 1990s with a few thousand rupees, supporting it with side gigs such as call centre jobs to standing at a stall to earn 200 a day.

4 May 2024 3:28 pm
Weekly Market Wrap: Despite selloff, D-street closes with marginal gains. What lies ahead?

The BSE Sensex rose 148 points, or 0.20%, at 73,878.15 during the week ended on May 03, 2024. While the Nifty gained 56 points, or 0.25%, to 22,475.85.

4 May 2024 2:12 pm
Crorepati goals: SIPs in small caps, flexi caps can help you reach Rs 2 crore at retirement. Here's how

Experts suggest to build a corpus for retirement, it is important to increase the amount invested in the SIP as per growth in income.

4 May 2024 1:38 pm
Kotak Mahindra Bank Q4 Results: PAT surges 18% YoY to Rs 4,133 crore, NII at Rs 6,909 cr

Its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore, while itsnet interest margin (NIM) in Q4 rose to 5.28% vs 5.22% in Q3 of FY24.

4 May 2024 12:58 pm
Google Doodle celebrates Hamida Banu, India's first professional female wrestler

Hamida Banu received worldwide recognition for her win in a wrestling match on May 4, 1954, which lasted only 1 minute and 34 seconds. She defeated the famous wrestler Baba Pahalwan. Following the loss, he retired from professional wrestling.

4 May 2024 12:05 pm
Old Tax Regime vs New Tax Regime: Here's guide on which tax system to choose if your salary is Rs 80,000

The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis.

4 May 2024 12:01 pm
NSE board okays 4:1 bonus issue, dividend of Rs 90 per share. More details here

The NSE reported a 20 per cent year-on-year increase in consolidated net profit at Rs 2,488 crore for three months ended March 2024.

4 May 2024 11:27 am
Good news for pensioners! Centre launches Integrated Pensioners Portal. Check details here

In a statement, the Department of Pension and Pensioners Welfare (DoPPW) said Integrated Pensioners Portal has been launched to digitalise pension services and enhance the welfare of pensioners.

4 May 2024 10:51 am
Kotak Mahindra Bank Q4 FY24 preview: Profit may slip, asset quality to remain stable

Top brokerages expect Kotak Mahindra Bank's net profit for the Q4 to fall around 3% year-on-year. Meanwhile, net interest income for the period is expected to grow 10% year-on-year.

4 May 2024 10:17 am
IPO alert: 3issues open next week, to raise Rs 6,390 cr; check details and latest GMPs

Aadhar Housing Finance, TBO Tek and Ingedene are looking to raise the amount, with an average issue size of Rs 2,130.85 crore via the primary route

4 May 2024 9:36 am
Cards this week: YES launches Pi, Phi credit cards, cashback update on RuPay-JCB cards

YES Bank has launched two Pi and Phi co-branded cards that have unique features and benefits.

4 May 2024 9:36 am
From Chaos to Celebration: Expert Tips to Transform Event Strategy

To succeed, event managers need to blend creativity, planning, and strategic skills.

3 May 2024 6:40 pm
World-Class Infrastructure Boosting Indias Trade Fairs

India is witnessing sectoral expansion, with diverse sectors such as automotive, healthcare, IT, pharma, manufacturing, and FMCG actively participating in exhibitions.

3 May 2024 6:30 pm
Titan Company Q4 earnings: Net profit rises 7%, dividend announced

Titan Company Q4 earnings: Net profit climbed to Rs 786 crore in Q4 from Rs 734 crore in the year-ago period

3 May 2024 5:56 pm
Mutual Fund KYC: Here's how to verify your status online and fix gaps

Sebi, it is directive, said that from April 1, investors with an 'on hold' KYC status will not be able to carry out any transactions in mutual funds. This includes investing in new mutual funds or redeeming units from existing mutual funds.

3 May 2024 4:41 pm
Sensex, Nifty: Bears make stock market comeback! Why are investors jittery?

Share market: Friday's market fall came ahead of the release of the US non-farm payroll data. Investors booked profit and there was a degree of caution, said Vinod Nair, Head of Research, Geojit Financial Services.

3 May 2024 4:17 pm
Adani Green Energy Q4 earnings: Net profit falls 39%, revenue at Rs 2,806 crore

Adani Green Energy Q4 earnings: Net profit slipped to Rs 310 crore in the last quarter against Rs 507 crore in the March 2023 quarter.

3 May 2024 4:09 pm
Tax implications: Here's what you can do when transferring money to your spouse goes beyond basic expenses

Transferring money to your spouse for groceries and other bills typically flies under the tax radar. But anything beyond that may land you in the tax net

3 May 2024 3:57 pm
Suzlon Energy shares are down 91% from record high; here are fresh price targets

Multibagger stock: Suzlon Energy stock was trading at Rs 41.50 in the current session, losing 90.97% from its all-time high on BSE. However, Suzlon Energy stock has delivered multibagger returns in a period of one year and beyond.

3 May 2024 3:36 pm
Adani Groups profit drops 11% in March quarter; heres what analysts say on Adani stocks

Dip in performance of Adani Enterprises, Adani Green Energy, Adani Power and Adani Energy Solutions weighed on the overall numbers

3 May 2024 3:21 pm
Reliance, TCS, HDFC Bank: Investors lose Rs 1.10 lk cr mcap amid Sensex, Nifty selloff

BSE Sensex tumbled more than 1,625 points from its day's high at 75,095.18 to 73,467.73, while NSE's Nifty50 crashed nearly 450 points to 22,348.05, from its day's high at 22,794.70.

3 May 2024 3:19 pm
Sensex, Nifty see sudden sell-off: Factors that led to market crash today

Sensex, Nifty crash today: Sensex tumbled 1,130 pts to 73,481 and Nifty plunged 296 pts to 22,351. All 19 BSE sectoral indices were trading in the red.

3 May 2024 2:29 pm
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?

Before you take the decision to repay the home loan you need to take into account the future needs for funds for known reasons as well as for any emergency.

3 May 2024 2:08 pm
ITR-4 Form (Sugam): What is ITR-4, who should file and how to File ITR-4 for AY2024-25

From April 1, 2024, the Income Tax Department enabled the online income tax return forms, ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25) on the e-filing portal. That means those who have all the details can file their ITRs.

3 May 2024 2:00 pm
Titan Q4 results today. Can Rekha Jhunjhunwala's biggest stock bet deliver?

Titan Company share price today: The stock was down 0.72 per cent at Rs 3,543.85. Rekha Jhunjhunwala held 5.37 per cent stake in Titan Company, which was worth Rs 16,864 crore in Friday's trade.

3 May 2024 1:16 pm
Physical gold vs gold mutual funds vs SGBs: What should you be going for?

In the case of physical gold, the expected returns would depend on the current gold price. For gold ETF, the value would depend on the price of the ETF.

3 May 2024 12:55 pm
India Today Group and NKN Media honour 16 Indian entrepreneurs with Icons of the UAE awards

The event coincided with Aaj Tak and India Today channels' exclusive launch for the UAE market.

3 May 2024 12:06 pm
Ferrari unveils $423,000 sports car for traditional v12 lovers ahead of Miami Grand Prix

The12Cilindri,also sold as a 435,000 Spider convertible version, is inspired by Ferraris touring cars from the 1960s and represents a fresh option amid several sold-outs. The unveiling marks Ferrari's first launches of this year, after five modelsin 2023, as it presses ahead with a rapid roll-out of new models to keep the attention of its wealthy customers.

3 May 2024 11:58 am
Sensex cracks 1,460 pts from day's high. Should you sell in May and go away?

Sensex Nifty Today: Sensex fell from day's high of 75,095.18 to a low of 73,637.38, down 1,457.80 points. Nifty, which hit a fresh record high of 22,794.70 today, was last quoting at 22,416.50, down 1,02 per cent.

3 May 2024 11:57 am
KEI Industries shares gain post Q4 results. Here's why

Net sales for the quarter rose 18.75 per cent YoY to Rs 2,319.28 crore compared with Rs 1,952.93 crore in the year-ago quarter.

3 May 2024 11:24 am
Droneacharya Aerial shares gain on work order from Alter Dynamics, check details

DroneAcharya Aerial shares gained 3.53% to Rs 156.75 against the previous close of Rs 151.35 on BSE. Total 0.91 lakh shares of DroneAcharya Aerial changed hands amounting to a turnover of Rs 1.40 crore.

3 May 2024 11:17 am
Ajanta Pharma shares up 13% today on buyback plan, Q4 results. Stock still a buy?

The Ajanta Pharma stock jumped 13.38 per cent to hit a high of Rs 2,531.95 on BSE. A few target prices on the stock are in the range of Rs 2,560-2,613, suggesting limited upside ahead.

3 May 2024 11:11 am
Coforge shares tumble 10% after Q4 results, Cigniti acquisition; brokerages cut target prices

The IT player also stated that it had signed a definitive agreement to take over Cigniti Technologies, an AI & IP-led digital assurance and engineering services company.

3 May 2024 11:09 am
6 Adani group firms get SEBI notice over related party transactions, listing regulations

Adani Enterprises, the flagship of Gautam Adani's business empire, disclosed the receipt of two show-cause notices during the quarter ending on March 31. Adani Ports & Special Economic Zone, Adani Power, Adani Energy Solutions, Adani Wilmar and Adani Total Gas also informed the bourses about SEBI's recent inquiries.

3 May 2024 10:49 am
BHEL shares hit 14-year high, up 9% intraday; is the upside capped?

Multibagger stock: BHEL stock also touched its 52-week high for the sixth straight session today , signaling strong investor interest in the multibagger stock.

3 May 2024 10:47 am
South Indian Bank shares slip post Q4 earnings, FY24 dividend

South Indian Bank stock fell 1.78% to Rs 28.68 on Friday against the previous close of Rs 29.20 on BSE. The banking stock hit a record high of Rs 36.91 on February 2, 2024 and fell to a 52 week low of Rs 14.64 on May 10, 2023.

3 May 2024 10:03 am
YES Bank shares rebound 5% amid reported block deal by Carlyle Group

Shares of YES Bank dropped about 3.5 per cent at the opening tick to Rs 24.55 on Friday, but the stock staged a swift rebound of 5.17 per cent to Rs 25.82.

3 May 2024 10:00 am
RBI ban lifted! Bajaj Finance shares hit Rs 7,400 level, m-cap tops Rs 4.5 lakh crore

Bajaj Finance surged 7.54 per cent to hit a high of 7,400 on BSE. The NBFC added Rs 32,000 crore in market capitalisation (m-cap) intraday. It was later commanding a market value of Rs 4,51,932.31 crore.

3 May 2024 9:57 am
Federal Bank shares: Q4 results better than feared; hunt for next CEO intensifies; here are target prices

Federal Bank board has set up a search committee for evaluating internal or external candidates for the position and the names will be sent to the RBI in the next 2-3 weeks.

3 May 2024 9:28 am
Adani Ports shares see revisions in stock price targets post Q4 results; should you buy, hold or sell?

APSEZ expects volumes of 460480 mmt in FY25 with Mundra volumes to surpass 200 mmt. It expects consolidated revenues to be in the range of Rs 29,00031,000 crore with net debt to Ebitda seen in the 2.22.5 times range.

3 May 2024 9:00 am
Coal India shares in news today post Q4 earnings, dividend announcement

Coal India shares ended 0.23% lower at Rs 453.25 in the same session. Market cap of the firm stood at Rs 2.79 lakh crore.

3 May 2024 8:44 am
Adani Green Energy shares in news today as firm secures $400 million financing for solar projects

Adani Green Energy shares ended 0.58% lower at Rs 1787.20 in the previous session amid a marginal rally on Dalal Street. Market cap of Adani Green Energy fell to Rs 2.83 lakh crore.

3 May 2024 8:41 am
Stocks in the news: YES Bank, Adani Green, Titan, IEX, Coforge, Coal India, Wipro and more

Titan Company, Adani Green Energy, Britannia Industries, Godrej Properties, MRF, JSW Infra, MRPL and Tata Technologies are among the companies which will announce their March quarter results later today.

3 May 2024 8:38 am
25% upside? Why Sharekhan is bullish on Mahindra Lifespace Developers shares

Mahindra Lifespace Developers reported a fall in net profit at Rs 97.89 crore for the March quarter from Rs 101.43 crore in the same quarter last year. Its total income fell to Rs 279.12 crore from Rs 659.56 crore.

3 May 2024 8:34 am
Bajaj Finance shares in focus today as RBI lifts ban on Insta EMI Card, eCOM

Bajaj Finance: Analysts were expecting the regulatory ban on two of Bajaj Finance products to be lifted soon after the NBFC made required changes and formally requested the RBI for review and removal of the restrictions.

3 May 2024 8:33 am
APSEZ expands footprint to Philippines, looking to develop port in Bataan

APSEZ is looking at Bataan for its port development plan, Karan Adani, MD of APSEZ, said, adding it could be a good opportunity for the company. The company plans to develop a 25-meter-deep port that can accommodate Panamax vessels.

3 May 2024 8:33 am
Heeramandi review: Some of what glitters is gold in Manisha, Sonakshi and Aditi's show

Heeramandi review: If Devdas was about two star-crossed lovers and Gangubai was the rise of a young woman in the power corridors, the focus has now shifted entirely on the lives of the women in this story of Heeramandi.

3 May 2024 8:20 am
Federal Bank Share Price LIVE: Stock up 6.73% in last one month; What you should know

Federal Bank Ltd Stock Price Live: The Federal Bank Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Federal Bank Ltd shares settled the previous traded session at 168.00, up 3.32%. The stock has traded in a wide range of 170.30 and 121.00 in the last one year. At last count, the Federal Bank Ltd sector company commanded a market capitalisation of 40.93 Thousand Crore. Heres a deep dive Federal Bank Ltd stock performance, peer returns, historical

3 May 2024 8:00 am