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Investors to receive 1:4 bonus issue of Power Finance Corp shares

by Craig Fedirighi
Investors to receive 1:4 bonus issue of Power Finance Corp shares

The Board of Power Finance Corp has given approval for a bonus issue of equity shares to its investors in the ratio of 1:4. This means that for every four …

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Categories Business

Samvardhana Motherson reports a four-fold increase in YoY consolidated profit after tax for Q1, reaching Rs 601 crore.

by Craig Fedirighi
Samvardhana Motherson reports a four-fold increase in YoY consolidated profit after tax for Q1, reaching Rs 601 crore.

MUMBAI – Samvardhana Motherson International on Thursday reported robust numbers for the June quarter, as consolidated net profit surged over four-fold year-on-year (YoY) to Rs 601 crore. Consolidated revenue from …

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Categories Business

Q1 PAT of CarTrade Tech sees a remarkable 300% YoY surge, leading to a 7% jump in shares.

by Craig Fedirighi
Q1 PAT of CarTrade Tech sees a remarkable 300% YoY surge, leading to a 7% jump in shares.

CarTrade Tech shares surged more than 7% to reach a high of Rs 570 on the NSE on Thursday, following the company’s announcement of a 307% year-on-year increase in its …

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Categories Business

Why Mahindras are Investing in RBL: Insights from Vinit Bolinjkar

by Craig Fedirighi
Why Mahindras are Investing in RBL: Insights from Vinit Bolinjkar

Vinit Bolinjkar, Head-Equity Research, Ventura Securities, states that RBL Bank is a recommended stock to buy. The stock was initially recommended at Rs 130 with a target of Rs 260. …

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Categories Business

Focus shifts to US CPI ahead as gold prices experience largest weekly decline in six weeks

by Craig Fedirighi
Focus shifts to US CPI ahead as gold prices experience largest weekly decline in six weeks

COMEX Gold prices are on track for their most significant weekly decline in six weeks, driven by a sell-off in the longer end of the US treasuries and positive US …

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Categories Business

Zomato Shares: Charts Indicate Outlook for Cipla, Zomato, and InfoEdge in Monday’s Trade

by Craig Fedirighi
Zomato Shares: Charts Indicate Outlook for Cipla, Zomato, and InfoEdge in Monday’s Trade

Indian market bounced back after falling for 3 consecutive days on Friday. The S&P BSE Sensex rose nearly 500 points while the Nifty50 managed to close above 19500 levels. Sectorally, …

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Categories Business

Canara Bank’s Q1 Results: Net Profit Surges by 75% YoY to Rs 3,535 Crore; NII Increases by 28%

by Craig Fedirighi
Canara Bank’s Q1 Results: Net Profit Surges by 75% YoY to Rs 3,535 Crore; NII Increases by 28%

Canara Bank reported a 75% YoY increase in standalone net profit for the quarter ended June, reaching Rs 3,535 crore compared to Rs 2,022 crore in the same period last …

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Categories Business

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