Mahindra Lifespace FY24 profit falls marginally to Rs 98 crore

According to a regulatory filing on Friday, the company's total income fell to Rs 279.12 crore last fiscal from Rs 659.56 crore in 2022-23.

Event-Driven Investing: Making the most of corporate actions and news events

The persistence of mispricing opportunities in the stock markets challenges the notion that they are entirely rational and efficiently priced in all material information.

How to build a global business empire in the 21st century

Disney, Ford, Microsoft and the age of the quasi-merger

Gold ends its five week winning streak as inflation concerns resurface

The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up nearly 1% to finish the week higher, whereas the 2-year US yields at 4.99% were up nearly one bps on the week, but down nearly one bps Friday.

Swiggy takes confidential route for $1.25-billion public listing. Here's what that means

As per a Bernstein note from January, Zomato held a roughly 54% share in the food delivery from a gross merchandise value perspective as of the first half of calendar year 2023, while Swiggy held the rest.

Mastering Investment Success: Carl Icahn's 9 Key Principles

Icahn adopts a patient outlook on investing, adhering to the value-investing methodology.

How to stay protected from pig butchering financial scams? Here are 7 key steps

Pig butchering, a form of smishing, is on the rise in India's cyber fraud landscape. Scammers build trust through social media, offering fake job roles and investments to drain victims' finances. Here's how to avoid them

YES Bank Q4 results preview: Here are the expectations from five brokerages

Brokerage firms tracking YES Bank said the lender may report a strong performance in the terms of bottomline, but the net interest income and asset quality may remain under pressure

These stocks will trade ex-dividend next week. Do you own any?

Here is a look at stocks that will trade ex-dividend next week between April 29 and May 3.

Apollo 24/7 secures Rs 2,475 cr investment and 12.1% Advent stake in mega merger with Keimed

The combined entity is valued at Rs 22,481 crore, positioning it as a leading retail health company in India. The merger aims to deliver substantial industry benefits and a pan-India presence, enhancing access to genuine medicines for 1.4 billion Indians within 24 hours.

YES ahead of Q4 results preview: Here are the expectations from five brokerages

YES Bank Ltd is set to announce its earnings for the quarter and financial year ending on March 31, 2024 on Saturday, April 27.

Beyond bull runs: How to pinpoint mean levels in markets

Following each bull run, the index retraces back to its moving average line before initiating another upward trend. This observation underscores the significance of moving averages in determining market trends and mean levels.

Tortured Poets Department: 5 valuable money lessons from Taylor Swifts new album

Taylor Swift's new album Tortured Poets Department is a hit among fans. Smart investors can learn from her songs about heartbreak and resilience. Having a backup plan is crucial in the financial world, just like knowing when to move on from bad investments.

ICICI Bank Q4 results preview: Analysts expect net profit to go up, NII growth to dip

The net profit for the March quarter is expected to surge up to 18% year-on-year (YoY), most brokerages predicted. The Profit After Tax (PAT) is expected to reach Rs 10,323.3 crore.

Wall Street Week Ahead: Lofty US stocks leave investors punishing earnings disappointments

Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.

IPO calendar: 3 issues, 4 listings to grab investors' attention next week

However, 3 SME issues and 4 listings are still going to grab investors' attention. The public offer of JNK India, which received a healthy subscription of over 28 times, will also see its shares listed at the bourses.

Apollo Health to open 70 new diagnostic labs, to double down on clinic network

Apollo Health offers a comprehensive range of diagnostic services, from basic tests to specialised and super-specialised genetic testing. With over 100 labs currently, Apollo Health plans to add approximately 70 more labs in the next 12 to 18 months.

RBI shares guidelines norms for voluntary conversion of SFBs into universal banks

The central bank has said the SFBs aspiring to become a universal bank need to have scheduled status with a satisfactory track record of performance for a minimum period of five years.

Missing Link Trust raises 1.2 crore on NSEs Social Stock Exchange

Missing Link Trust is a non-profit organisation working to prevent child abuse and exploitation

Bank holiday today: Are banks open this Saturday, April 27?

Bank holiday on April 27: Essential banking services such as ATMs and Internet banking will continue to operate as normal. This closure aligns with the banks' usual operational schedule.

IREDA granted 'Navratna' status

These companies have the autonomy to invest up to 1,000 crore. IREDA is a Non-Banking Financial Institution engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.

Bajaj Finance's margin pressures make brokerages bearish

The average analyst price targets on Bajaj Finance after the fourth quarter results stood at 8,477 implying an upside of 20.6% over Friday's closing.

ATC Telecom Infra sells 2.8% stake in Voda Idea for Rs 1,840 crore

ATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth 1,840 crore, in an open market transaction. Citigroup Global bought shares worth 611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canada's Brookfield acquired ATC's India unit in a $2.5 billion deal. Vi recently raised 18,000 crore through a follow-on public offer, priced at 10-11 per share.

NDTV earning jumps 59%, digital traffic up 39%

News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Consolidated net loss of Rs 8.74 crore in January-March compared with loss of Rs 1.35 crore profit in the same period a year back, according to a stock exchange filing by the company. Loss, however, narrowed from Rs 10.13 crore in the December quarter as its digital footprint expanded and gained traction.

HCL Tech Q4 net profit flat at Rs 3,986 cr

India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as decent in view of the global macroeconomic conditions.

Porsche AG Q1 Results: Operating profit drops 30% to $1.37 billion on ramp-up costs

Porsche finance chief Lutz Meschke said that while demand in China remained challenged the company would not compromise on margins by steering clear of a price war that has gripped the local market.

Swiggy gets one step closer to $1.25 bn IPO

Food delivery major Swiggy has received approval from its shareholders for a $1.25 billion initial public offering (IPO), according to filings made with the Registrar of Companies sourced by Tofler. The Bengaluru-based firm plans to raise as much as Rs 3,750 crore (around $450 million) via a fresh issue and up to Rs 6,664 crore (around $800 million) through an offer-for-sale (OFS) component, the filings stated.

ET Market Watch: Sensex drops over 600 points, Nifty at 22,419

India's forex kitty drops $2.28 bn to $640.33 bn

India's forex reserves decreased $2.282 billion to $640.33 billion for the seven days ended April 19 in the second consecutive week of drop in the kitty, the Reserve Bank of India (RBI) said on Friday. The reserves had dropped $5.40 billion to $643.16 billion in the previous reporting week, ending a multi-week trend of an increase, which also saw the overall reserves touching a new all-time high of $$648.56 billion for the week ended April 5.

These 6 capital goods stocks hit fresh 52-week highs; rallied up to 21% in a month

The significance of the 52-week high lies in marking a stock's peak value over the preceding year, which holds importance for traders and investors.

RBI sets eligibility rules for SFBs seeking universal banking licence

RBI said that listed and profitable small finance banks with gross non-performing assets ratio less than 3% for last two fiscals can apply for universal banking license. Additionally, they need to have a net non-performing assets ratio less than 1% for the last two financial years. They also need to be profitable for the last two fiscals.

NFRA bans Brightcom, CMIL auditors, imposes penalties for lapses

The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22.

SBI Card Q4 results: Profit surges 11% to Rs 662 cr, total revenue rises 14%

The SBI credit card arm said that its interest income surged by 28% to Rs 2,139 crore in the January-March quarter and its fees and commission income grew by 6% to Rs 2,209 crore in the fourth quarter.

Aditya Birla Sun Life MF Q4 net up 53 per cent

The fund house has announced a dividend of 13.50 a share

Reading the markets through volatility index

Time to have VIX based on Bank Nifty too

Eveready Q4 Results: Company back in black with Rs 8 crore net profit

Eveready Industries India announced a fourth-quarter profit of Rs 8 crore for the period ended March 2024, compared to a loss of Rs 14.39 crore in the corresponding quarter of FY'23, amidst a marginal dip in operational revenue to Rs 281 crore.

CSB Bank Q4 Results: Net profit drops marginally to Rs 152 crore on higher provisions

Fairfax-backed CSB Bank on Friday reported a marginal fall in net profit for the March quarter at Rs 152 crore, owing to higher provisions to cover credit losses.

Patanjali Foods gets proposal to acquire non-food business from Patanjali Ayurved

Earlier this week, Patanjali Foods incorporated two wholly owned subsidiaries, Contemporary Agro and Rishikrishi Farming in India.

Intel shares slump over 12% as AI competition hurts forecast

Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.

Adani Enterprises, Nestle India among 5 stocks with top long unwinding

Indian housing market outlook bullish, consumer sentiments positive: Report

Indian housing market outlook bullish, consumer sentiments positive: Report

Sebi asks BSE to pay regulatory fee on options contract

BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay differential regulatory fee for the past periods with applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.

India cenbank lays out roadmap for small lenders to achieve universal bank status

The criteria include a five-year track record of satisfactory performance, a net worth of 10 billion rupees, meeting capital requirements, recent profitability and limited non-performing assets, the Reserve Bank of India (RBI) said. Existing promoters can continue without new additions and approved shareholding plans will remain unchanged, while diversified loan portfolios are favoured, the central bank said.

Demat Account: 10 crucial things you should keep in mind as a beginner

When opening a demat account, consider factors like broker reputation, account opening charges, and AMC. Choose brokers with intuitive trading platforms and research tools. Evaluate brokerage fees, customer support, account features, and security measures.

Home Loans: Top 5 banks including HDFC, SBI with lowest rates of interest check full list

HDFC Bank charges interest rate on its home loan in the range of 9.4 to 9.95 percent per annum. SBI charges a rate that hovers between 9.15 percent and 9.75 percent based on the borrowers CIBIL score.

RBI releases draft regulation for web aggregation of loan products in digital lending

The RBI said banks and NBFCs should ensure that their LSPs provide a so-called digital view of all the loan offers available to the borrower from all the willing lenders that the LSP has arrangements with.

Demat Account: What is loan against securities and what are its benefits?

A loan against your demat shares allows you to obtain credit by using your shares as collateral. This enables you to leverage your investments without having to sell your shares to access the capital. The loan requires no additional collateral beyond the shares already held in your demat account.

Apollo Health Co signs pact to raise Rs 2,475 crore from Advent

Apollo 24/7 is valued at an enterprise value of Rs 14,478 crores. Keimed is valued at an enterprise value of Rs 8,003 crores. Following merger, Keimed shareholders would hold a maximum of 25.7% stake in the combined entity, while AHEL would continue to remain the largest controlling shareholder with at least 59.2% stake.

HCL Technologies Q4 earnings: Net profit rises to Rs 3,995 crore, board announces dividend

HCL Technologies Q4 earnings: The board declared an interim dividend of Rs 18 per shareequity share of Rs2/- each of the company for the financial year 2024-25. The payment date of the said interim dividend shall be May 15, 2024.

HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates

HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.

Union Bank, PNB among 5 stocks that saw highest FPI additions in Q4

Let's look at the stocks that saw the highest additions of FPIs in Q4.

Delhi HC asks DGCA to deregister aircraft of Go First airline lessors in 5 working days

The court ordered that all maintenance tasks in respect of the aircraft shall be undertaken by the lessors and all of their authorized representatives up to and until the time the aircraft are de-registered and exported, in pursuance of Rule 32A of the Aircraft Rules.

4 fixed income sources every Gen Z needs for stability

Gen Z faces financial uncertainty due to global crises, student debt, and rising costs. A fixed income helps in budgeting, credit building, and planning for the future, empowering them to pursue long-term goals.

Demat Account: What is futures trading and how does it work? MintGenie explains

To trade futures, ensure your demat account is enabled, understand futures contracts and margin requirements, choose a brokerage platform, fund your trading account, place orders according to your strategy, monitor positions closely, and be aware of the risk of capital loss.

Axis Bank, Indus Towers among 5 stocks with top short covering

Short covering signals a shift in sentiment on a security from extreme bearishness to bullishness.

Maruti Suzuki Q4 net rises 48% to Rs 3,877.8 cr

The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices.

Stock market update: Nifty Pharma index advances 0.62%

The Nifty Pharma index closed 0.62 per cent up at 18994.65.

Gainers & losers: Tech Mahindra, LTTS among 6 stocks that hogged limelight today

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Markets snap 5-day rally; Sensex tumbles over 600 pts

Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets. Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said.

Centre to allocate higher sales quota to sugar mills in May to tame prices

The government fears that rising prices at the mill level may lead to a spike in retail prices if not curbed immediately by releasing higher stocks of sugar.

Motilal Oswal announces issue of bonus shares in 1:3 ratio; shares zoom 4%

Motilal Oswal shares jumped 5% to Rs 2,566 on BSE in Friday's trade after the company board recommended the issuance of bonus shares to the eligible shareholders of the company in the 1:3 ratio. Subject to the shareholders' approval, the bonus shares will be credited to the eligible shareholders on or before June 25, 2024.

Maruti Suzuki Q4 results: Net profit rises to Rs 3,878 crore, board recommends highest ever dividend

Maruti Suzuki Q4 results: Net profit rose to Rs 3,877.8 crore in the March 2024 quarter. The board of the firm recommended a final dividend of Rs 125 per share, its highest ever.

Sensex, Nifty close lower after five sessions: Key factors behind the market crash today

Sensex closed 609 points lower at 73,730 and Nifty lost 150 points to end at 22,419 today. Market cap of BSE-listed firms fell to Rs 404.46 lakh crore.

Shriram Finance shares rebound 7% from day's low post Q4 results, dividend

The consolidated net interest income (NII) for the fourth quarter rose 22.27 per cent to Rs 5,543.47 crore compared with Rs 4,533.63 crore in the same period last year, Shriram Finance said.

How to consolidate multiple demat accounts? Here's a step-by-step guide

Consolidating your demat accounts involves a straightforward process, provided your shares are unencumbered and you have settled any outstanding payments to your broker.

Attractive risk-reward? Emkay upgrades Hero MotoCorp stock to 'Buy'; details here

Emkay Global has upgraded the stock to 'Buy' from 'Reduce' earlier with a revised target price of Rs 5,100 from Rs 4,800.

Nifty April rollovers lower at 65%. Check how FIIs are positioned for May

April rollover for the Nifty Index futures were lower at 65.12%, significantly lower compared to the previous month's 69.77% and the three-month average of 71.40%, states a report by SBI Securities.

PAN-Aadhaar linking: Tax Department defers penalty on TDS till May 31. Here is how to link both

Providing relief to those taxpayers who failed to link their PAN and Aadhaar by the June 30, 2023 deadline, the Tax Department has relaxed the deadline for imposing penalties and no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31

ICICI Bank Q4 Result Preview: PAT likely to rise nearly 18% YoY, NII growth seen at 4-8%

ICICI Bank Q4 Result Preview: The net profit for the March quarter is expected to surge by up to 18% year-on-year (YoY), based on the average estimate of four brokerages. Various brokerages estimate NII growth to range between 4% to 8%, reflecting the disparity in projections.

CSB Bank shares crash 8% on Q4 results. Here's why

CSB Bank shares fell 8.3 per cent to hit a low of Rs 371.05 on BSE. The bank said its net interest income (NII) rose 11 per cent YoY to Rs 386.03 crore from Rs 348.45 crore. Gross NPA percentage was up sequentially.

ACC shares fall 2% post stellar Q4 earnings, check details

ACC stock slipped 2.53%to Rs 2514 against the previous close of Rs 2579.70 on BSE. Market cap of the firm fell to Rs 47,604 crore.

Nearly 2,000% rally in 1 year! This multibagger reports over 1,000% growth in net profit in FY24

Shares of Jai Balaji Industries jumped to Rs 1086.95 on April 25, 2024, from Rs 53.03 on the same day a year ago.

Shriram Finance Q4 Results: PAT jumps 49% YoY to Rs 1,946 crore, NII rises 20%

The NBFC announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28.

CIBIL: Applying for an unsecured loan? These are the credit score requirements

While your CIBIL score is a key factor in determining your eligibility for an unsecured loan, banks consider other aspects of your financial profile as well such as your income, employment stability, existing debt obligations, and overall credit history.

Financials, auto, pharma, and healthcare to drive Q4 earnings: Rahul Bhuskute

We have been seeing a really strong earnings narrative in this financial year. Going forward, definitely there will be a base effect that will pose a bit of a headwind.

Rs 198 to Rs 1,455 in three years: Multibagger IT stock falls 24% from record high; whats next?

Multibagger stock: KPIT Technologies shares rose to an intraday high of Rs 1,455 today, up 5.89% against the previous close of Rs 1374.05 on BSE. Market cap of the firm stood at Rs 39,142 crore.

Kotak Bank's loan, deposit growth may be hit

Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts. The bank's share price fell 10.85 per cent on Thursday to close the day at Rs 1,643 on the BSE. The RBI's action came after market hours on Wednesday.

Tata Steel, SBI among 5 Nifty50 stocks that hit new 52-week highs on Friday

In today's trading session, five Nifty50 stocks touched new 52-week highs

SBI Card shares down 2.01% as Nifty drops

A total of 77,912 shares changed hands on the counter till 01:43PM (IST).

Trent shares drop 0.17% as Sensex falls

A total of 18,160 shares changed hands on the counter till 01:38PM (IST)

Adani Power shares drop 0.4% as Sensex falls

A total of 215,762 shares changed hands on the counter till 01:33PM (IST)

F&O stocks: Bajaj Finserv, Bajaj Finance among 5 stocks with short buildup

When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up.

Cryptocurrency Price on April 26: Bitcoin rises marginally above $64.3K; Solana, Toncoin shed over 2%

The global cryptocurrency m-cap rose marginally by 0.08% to around $2.37 trillion in the last 24 hours. Bitcoin was up 0.2% at $64,331 as of noon, while Ethereum was below the $3,150 level.

7 smallcap bets of retail investors soar 250-1500% in a year

The data indicates around 140 smallcaps where retail investors (individuals with nominal share capital up to Rs 2 lakhs) have consistently increased their holdings throughout all four quarters of FY24.

YES Bank shares rise ahead of Q4 results; here's what Kotak, other brokerages expect

YES Bank shares rose about 1.89 per cent to Rs 26.44, during the trading session on Friday, commanding a total market capitalization of around Rs 76,000 crore.

Down 26% from 52-week high! Where is Dalmia Bharat stock headed?

The company reported a 47.5 per cent decline in its net profit to Rs 320 crore, compared to Rs 609 crore in the year-ago period.

Top 10 equity mutual funds with highest portfolio turnover ratio in March

Streaming showdown: Films and series stand strong against Jio's free IPL broadcast

Audiences stay tuned, proving diverse content continues to thrive alongside sports

HUDCO shares soar 15% to hit record high; multibagger PSU stock now up 369% in 1 year

HUDCO share price: The stock rose 15.28 per cent to hit a high of Rs 234.20 on BSE. ICRA on April 24 suggested a stable outlook for HUDCO, as it feels the PSU will remain strategically important to the government

Bajaj Finance, Bajaj Finserv shares tumble up to 8% today; here's why

Bajaj Finance share price: The non-banking financial company forecast its assets under management to grow between 26 per cent and 28 per cent in the fiscal year that started April 1, 2024, compared with 34 per cent growth in the previous year.