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Business / Business Today

Minority shareholders file lawsuit against ICICI Securities on delisting concerns: Report

According to the minority shareholders, the current valuation is based on a report fromJune 29, 2023.They allege that it is does not factor in the bull market run during the period and improved position of ICICI Securities.

28 Apr 2024 9:56 am
PSU stocks, defence or railways: How should one play the markets in an election year

With headline indices marching northwards in the last few months, one should remain cautious while picking buzzing sectors. Be selective in PSU stocks; defence sector poised for solid growth, says Ajay Garg, CEO of from SMC Global Securities.

28 Apr 2024 9:00 am
IREDA stock in focus after company gets Navratna status. Here's what that means

Navratna status is accorded to PSUs who are authorised to take up investments of up to 1,000 crore without Central nod.

27 Apr 2024 5:25 pm
IDFC First Bank's net profit dips to Rs 724.35 cr, asset quality improves marginally

IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter, which was higher than Rs 6,424.35 crore reported in the year ago period.

27 Apr 2024 5:19 pm
Pakistan internet disruption: Consumers face difficulties in accessing Internet as sea fibre cables damaged

Further, reports have revealed that five breaks in the underwater cable significantly affected internet connectivity, especially from eastern routes. The restoration efforts are estimated to take around a month to fully repair the damaged sections of the fibre optic cable.

27 Apr 2024 4:56 pm
ICICI Bank Q4 results: Profit jumps 17% to Rs 10,708 cr, dividend of Rs 10 a share recommended

Gross NPA stood at 2.16 percent, down from 2.81 percent in the same quarter last year. The net NPA for the quarter stood at 0.42 percent compared to 0.48 percent last year.

27 Apr 2024 4:27 pm
Yes Bank recorded 5 mn UPI transactions per month after Paytm tie-up: CEO Prashant Kumar

Yes Bank MD and CEO Prashant Kumar said it recorded 3.3 million before the partnership.

27 Apr 2024 4:17 pm
'Hardik Pandya can't pick & choose games': Irfan Pathan questions all-rounder's form

The Mumbai Indians all-rounder is battling poor form this IPL season, raising questions about his inclusion in India's T20 World Cup squad, which is to be announced soon.

27 Apr 2024 3:52 pm
D-street ended with moderate gains amid global market fluctuations. What lies ahead?

The BSE Sensex surged 642 points, or 0.88%, at 73730.16 during the week ended on April 26, 2024. While the Nifty50 index gained 273 points, or 1.23%, to 22419.95.

27 Apr 2024 3:36 pm
Alphabet, Microsoft lead technology stocks surge with AI-driven earnings

The stellar earnings reports from both tech giants assuaged concerns regarding the profitability of their significant AI investments, following Meta's tepid forecast.

27 Apr 2024 1:46 pm
RBL Bank's net profit grows at 30% in Q4 FY24, Rs 1.50 dividend declared

RBL Bank's net profit was at Rs 353 crore for the quarter as against Rs 271 crore reported in the year ago period. The total revenue for the reporting quarter was Rs 2,475 crore, which is 7% growth QoQ

27 Apr 2024 1:40 pm
Yes Bank Q4 results: Net profit jumps 123% to Rs 452 crore, asset quality robust

The lender earned an interest income of Rs 7,447.17 crore up from Rs 6,216.24 crore reported in the corresponding quarter of the last financial year.

27 Apr 2024 1:32 pm
Beware of Vampire Facials: 3 women tested positive for HIV after getting microneedling facial in US

The case, involving a woman and two others, who likely contracted HIV at an unlicensed spa in New Mexico, has prompted widespread concern over the safety of such beauty businesses.

27 Apr 2024 12:51 pm
Beware from Vampire Facials: 3 women tested positive for HIV after getting microneedling facial in US

The case, involving a woman and two others, who likely contracted HIV at an unlicensed spa in New Mexico, has prompted widespread concern over the safety of such beauty businesses.

27 Apr 2024 12:51 pm
Nico Hulkenberg to join Stake F1 Team KICK Sauber, later Audi, from 2025

Having returned to the sport after a three-year hiatus, Hulkenberg's stint with Haas commenced last year, where he currently holds the 13th position in the driver's standings.

27 Apr 2024 12:49 pm
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.

27 Apr 2024 11:28 am
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

27 Apr 2024 10:31 am
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.

27 Apr 2024 10:27 am
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.

27 Apr 2024 10:24 am
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.

27 Apr 2024 9:44 am
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.

27 Apr 2024 8:58 am
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.

27 Apr 2024 8:43 am
'These are his Bhindi bazaar tactics': Nawaz Modi says Gautam Singhania using Raymond as 'personal fiefdom'

Though Raymond, the listed entity, has yet to propose her removal from the board, Modi alleges that Singhania is attempting to exert influence over the decision.

27 Apr 2024 7:35 am
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.

26 Apr 2024 8:53 pm
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.

26 Apr 2024 8:25 pm
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.

26 Apr 2024 6:28 pm
Welspun Living shares: Here's why Axis Securities is bullish on the stock

Axis Securities has maintained a 'Buy' rating on the stock with a target price of Rs 210.

26 Apr 2024 6:17 pm
'This number is wildly off...': Comedian Tanmay Bhat debunks rumors on his estimated net worth of Rs 665 cr

Bhat, a founding member and former CEO of the widely acclaimed comedy group AIB, rejected reports of his Rs 665 crore net worth.

26 Apr 2024 5:58 pm
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.

26 Apr 2024 5:58 pm
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.

26 Apr 2024 5:29 pm
Kotak Mahindra Bank faces setback in credit card growth, profitability due to RBIs curbs: S&P Global

The global ratings agency said the curb will not materially affect Kotak Banks ratings (BBB-/Stable/A-3) as credit cards make up a small (4 per cent of total loans) portion of the portfolio.

26 Apr 2024 4:59 pm
Navrattan Group to launch 'Green cement' in India soon

Thisproduct promises to be a game-changer, addressing the growing demand for sustainable building materials while not compromising on performance or durability.

26 Apr 2024 4:51 pm
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.

26 Apr 2024 4:27 pm
IRFC shares surged 12% this week; what's next for this rail PSU stock?

IRFC share price: The stock today settled 5.19 per cent higher at Rs 158.05. At this price, it has gained nearly 12 per cent during this week.

26 Apr 2024 4:22 pm
Delhi HC directs DGCA to process deregistration of leased aircraft to GoFirst

The court has granted access tolessors to their aircraft. The Airports Authority of India (AAI) will communicate with the lessors regarding export of aircraft and airworthiness

26 Apr 2024 4:18 pm
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.

26 Apr 2024 4:09 pm
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.

26 Apr 2024 4:05 pm
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.

26 Apr 2024 3:39 pm
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.

26 Apr 2024 3:23 pm
GMR Airports Infra shares jump 9% today; here's what technical charts hint at

GMR Airports Infra share price: The stock surged 8.50 per cent to trade at a high value of Rs 92.34 in Friday's deals. It saw heavy trading volume on BSE today.

26 Apr 2024 3:16 pm
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.

26 Apr 2024 3:15 pm
With eye on roll out, Centre reviews Labour Code preparations

New government to take a call on implementation; senior official says preparatory work is underway for several provisions in the codes such as the social security fund for informal workers

26 Apr 2024 3:07 pm
Lok Sabha elections 2024: Petition in Delhi Court to permit virtual campaigning for arrested leaders

The plea, filed by a law student, came in the wake of Delhi Chief Minister Arvind Kejriwal's arrest in connection with the alleged irregularities related to the liquor policy case.

26 Apr 2024 3:04 pm
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.

26 Apr 2024 2:54 pm
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.

26 Apr 2024 2:15 pm
Aavas Financiers share rise post Q4 results; brokerages see up to 30% upside in stock

Shares of Aavas Financiers rose about 5 per cent during the trading session on Friday to Rs 1,687, commanding a total market capitalization of more than Rs 13,000 crore.

26 Apr 2024 1:49 pm
1 in 4 weddings globally are in India: Nikhil Kamath says traditionally uncool industries are where opportunities hide

In his latest post, Zerodha co-founder Nikhil Kamath, talking about weddings in India, said that traditionally uncool industries appear to hide the biggest opportunities.

26 Apr 2024 1:35 pm
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.

26 Apr 2024 1:07 pm
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.

26 Apr 2024 1:03 pm
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

26 Apr 2024 12:59 pm