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Business / The Economic Times

Q4 results this week: Adani group to lead as 211 companies will declare earnings

With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.

28 Apr 2024 3:01 pm
Boult IPO likely next year, says co-founder Varun Gupta

Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta.

28 Apr 2024 2:22 pm
Only 8% women in initial Lok Sabha polls

Women constituted only eight per cent of the total 1,618 candidates in the first two phases of the Lok Sabha polls, with political activists saying it reflects a deeper issue of gender bias and that the talk of empowering them rings hollow. In the first phase of the Lok Sabha polls, there were 135 women candidates while in the second phase, there were 100 women candidates, bringing the combined total for the first two phases to 235 women candidates. Of the 135 women candidates in phase 1, Tamil

28 Apr 2024 1:38 pm
China aims to exert influence on Afghanistan

Ever since the Taliban seized power in Afghanistan, China has kept its aim sharp at the country's mining sector through its investment initiatives, thus ensuring an influence on it, reported Khaama Press.Beijing, has notably, focused on the country's vast mineral deposits since the Taliban gained control of Afghanistan.The Taliban ambassador to China, in a meeting with the Minister of Mines and Petroleum of the group, stated that China desires further investment in Afghanistan's mines. According

28 Apr 2024 12:27 pm
Govt says 448 infra projects hit by cost overrun of Rs 5.55 lakh cr in Oct-Dec

The Quarterly Project Implementation Status Report (QPISR) for the third quarter of 2023-24 revealed that 448 infrastructure projects, each worth Rs 150 crore or more, experienced cost overruns of over Rs 5.55 lakh crore. Out of 1,897 projects, 56 were ahead of schedule, 632 were on schedule, and 902 were delayed. The anticipated completion cost was Rs 31,74,489.91 crore.

28 Apr 2024 10:34 am
Minority shareholders of ICICI Securities file lawsuit against delisting move

Manu Rishi Guptha and minority shareholders have challenged ICICI Bank's delisting bid for ICICI Securities at NCLT. Shareholders had approved merger with ICICI Bank but Quantum MF has is also considering legal action against the bank. ICICI Securities has reported robust financials. According to the proposed delisting scheme, ICICI Securities shareholders are slated to receive 67 shares of ICICI Bank for every 100 shares held.

28 Apr 2024 10:23 am
Why Nifty Bank has underperformed Nifty50 in the past one year

Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets.

28 Apr 2024 10:19 am
IDFC First Bank Q4 profit dips 9.8%

IDFC First Bank 's net dipped 9.8% in Q4 but total deposits rose 39% to 2 lakh crore, while the share of CASA stood at 47.2% as of March 31, 2024 - probably highest among all private banks. Retail deposits stood at 1.51 lakh crore and legacy high-cost borrowing stood at 11,809 crore.

28 Apr 2024 8:34 am
ICICI Bank beats estimates to post 17% rise in Q4 profit

ICICI Bank excelled in Q4 with a 17% net profit increase, reaching 10,707.5 crore. Fiscal 2024 witnessed a 28% rise to 40,888 crore. The bank prioritizes technology, economic growth, and regulatory compliance for future success.

28 Apr 2024 8:26 am
Blinken to visit Saudi, to discuss Gaza ceasefire

US State Secretary Antony Blinken is set to embark on his visit to Saudi Arabia on April 29 to meet with regional partners. Blinken, on his two-day visit to Saudi Arabia, will discuss ongoing efforts to achieve a ceasefire in Gaza that secures the release of hostages and how it is Hamas that is standing between the Palestinian people and a ceasefire, the US State Department said in a release. Moreover, the State Secretary will also discuss the recent increase in humanitarian assistance being del

28 Apr 2024 8:23 am
US officials suggest Israel breaching Gaza law

Some senior U.S. officials have advised Secretary of State Antony Blinken that they do not find credible or reliable Israel's assurances that it is using U.S.-supplied weapons in accordance with international humanitarian law, according to an internal State Department memo reviewed by Reuters. Other officials upheld support for Israel's representation. Under a National Security Memorandum (NSM) issued by President Joe Biden in February, Blinken must report to Congress by May 8 whether he finds c

28 Apr 2024 7:23 am
Govt may review tax incentives offered to IFSC

The government may need to reconsider the tax incentives offered to units in the International Financial Services Centre (IFSC) in Gujarat due to the impact of Pillar Two of the Base Erosion Profit Sharing framework, according to a Deloitte report. Pillar Two aims to ensure that large multinational companies pay a minimum effective rate of tax of 15% on profits in all countries. Units in IFSC may not have enough employees and assets to avail of the benefits, so they will need to evaluate the ove

27 Apr 2024 11:09 pm
India becoming attractive for clinical trials

Over the past 10 years, clinical trials in India have become easier, more accessible and accelerated, experts from the pharma sector have said as top multinationals are increasingly looking at the country as their base for clinical trials. Data from 2017 to 2023 shows that phase two and phase three clinical trials are growing at about 15 per cent to 18 per cent in India. This is primarily because of the 10 modifications done to the Drugs and Cosmetics Act of 1940, according to Badhri Srinivasan,

27 Apr 2024 8:21 pm
For medium to long term investors: 4 midcap stocks with right ratio matrix and upside potential of up to 30%

It is never easy to find a good stock. Not for any other reason, but the fact of good stock is an open ended term. For some consideration of calling something a good stock is largely how the price of the stock behaves in different market conditions. Like does it fall less in bearish markets and moves up faster in bullish markets. For some a stock which is available at cheaper valuations, could be a good stock. So, each to its own. But when it comes to business and management , there is only one

27 Apr 2024 6:11 pm
IDFC First Bank Q4 Results: Standalone PAT declines 10% to Rs 724 crore

IDFC First Bank Q4 Results: IDFC First Bank announced a net profit of Rs 724.35 crore for the quarter ending on March 31, marking a decrease from Rs 802.62 crore reported in the corresponding period last year. In the January-March quarter, IDFC First Bank recorded an interest income of Rs 8,219.21 crore, showing an increase from Rs 6,424.35 crore reported in the same period a year ago. This signifies a 28% rise on a year-on-year basis.

27 Apr 2024 4:49 pm
ICICI Bank declares Rs 10/share dividend

India's second largest private lender ICICI Bank today reported a standalone net profit of Rs 10 707.53 crore for the quarter ended March 31, 2024 which was up by 17.38% from Rs 9121.87 crore reported in the year ago period.

27 Apr 2024 4:30 pm
Concurrent Gainers: UPL, DLF, Axis Bank among 6 stocks that gained for 5 days in a row

ETMarkets identified 6 stocks within the BSE largecap index that consistently rose in price throughout the last 5 trading sessions. (Data Source: ACE Equity)

27 Apr 2024 3:36 pm
4 small finance banks with upside potential of up to 24%

While they have been in work for quite some time, yesterday, RBI released the guidelines for small finance banks to turn themselves into universal banks. While most of the guidelines are not something these banks cannot follow, but one where some of them would face issues but only for short term would be the NPA, as per guidelines, the gross NPA should be less than 3 % and Net NPA should be less than 1 % for the last two years. Now some of them are already meeting this criteria. So, they would l

27 Apr 2024 3:30 pm
Sai Swami Metals & Alloys SME IPO to open on April 30, price fixed at Rs 60 per share

The Ahmedabad-based company, which manufactures stainless steel cookware and appliances under brand DOLPHIN, has fixed the price at Rs 60 per equity share.

27 Apr 2024 12:55 pm
India set to sign trade deal with Oman to expand its Middle East ties

India and Oman have annual trade of less than $13 billion, but the relationship is important for New Delhi as the Gulf nation is a gateway to the narrow Strait of Hormuz between Oman and Iran, a major transit point for global oil shipments.

27 Apr 2024 12:33 pm
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.

27 Apr 2024 12:24 pm
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.

27 Apr 2024 12:22 pm
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.

27 Apr 2024 11:35 am
9 equity mutual funds deliver up to 61% in six months. Do you own any?

Around nine equity mutual funds have offered more than 40% return in the last six months. These schemes gave returns ranging between 40.74% - 61.32% in the said period. Here are the toppers, according to ACE MF

27 Apr 2024 11:33 am
Baltimores trapped ships start leaving as new channel opens

Officials in Baltimore established a temporary channel so essential ships can traverse the harbor for the first time since the Singapore-flagged ship Dali collided with the bridge on March 26.

27 Apr 2024 10:41 am
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.

27 Apr 2024 10:30 am
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.

27 Apr 2024 10:23 am
Archery WC: India bag three gold medals

Underlining their supremacy in non-Olympic compound archery, India grabbed a hat-trick of gold medals to make a clean sweep of team events at the ongoing World Cup Stage 1 in Shanghai on Saturday. India's Jyothi Surekha Vennam, Aditi Swami and Parneet Kaur dropped just four points to trounce Italy 236-225 in the women's compound team event to open their account with a gold in the season-opening global showpiece. The men's team of Abhishek Verma, Priyansh and Prathamesh Fuge went one step better

27 Apr 2024 10:19 am
S&P 500 Q1 earnings estimated growth improves; stocks up for week

S&P 500 year-over-year earnings growth for the first quarter of 2024 is now seen at 5.6%, according to LSEG data on Friday. That is up from 4.3% the day before.

27 Apr 2024 9:43 am
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.

27 Apr 2024 9:36 am
Maruti Suzuki goes big on sales, earnings follow

The company said it expects SUVs to remain the dominant category in the Indian market, adding that it will continue to launch new vehicles in the segment to strengthen its market share. However, small car sales, once its bread and butter, are unlikely to revive in the next two years, it said.

27 Apr 2024 8:04 am
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.

27 Apr 2024 7:43 am
Bajaj Finserv Q4 net profit increases 20% to Rs 2,119 crore

Bajaj Finance on Thursday reported a 21% increase in net profit for the quarter to 3,825 crore. Net total income increased 25% to 9,714 crore, up from 7,775 crore a year ago. Assets under management expanded to 3,30,000 crore from 2,47,000 crore during this period.

27 Apr 2024 7:35 am
Pecker admits killing affair story at Trump trial

NEW YORK: Former National Enquirer publisher David Pecker testified on Friday at Donald Trump's criminal trial that he suppressed a story about an alleged affair to help Trump's 2016 presidential bid, even though it would have boosted sales of his tabloid. Testifying for a third day, Pecker, 72, agreed with a prosecutor who asked whether it would have been National Enquirer gold to publish the story of former Playboy model Karen McDougal's claim that she had an affair with Trump in 2006 and 2007

27 Apr 2024 7:29 am
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.

27 Apr 2024 12:51 am
India calls for norms to fix default maximum pesticides residue limit

In a submission to the WTO last week, India said that stringent MRLs can be trade-restrictive and act as non-tariff barriers to international trade, disproportionately affecting exporters from developing countries.

26 Apr 2024 11:29 pm