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6th Aug 2024
Vedanta Ltd reported a 36.5 increase in consolidated net profit, amounting to ₹3,606 crore for the quarter ending June 30, 2024. Their revenue from operations grew by 5.6, reaching ₹35,239 crore. Additionally, the first quarter's EBITDA experie
About Firstcry IPO (Brainbees Solutions) The anchor allocation was made at the upper end of the price band of ₹465 per share. This includes the face value of ₹2 per share plus a share premium of ₹463 per share, taking the anchor al
On August 6, Rajputana Industries Limited's Initial Public Offering (IPO) made a significant entry on the NSE SME platform, opening at ₹72.20 per share, a 90 increase from the issue price of ₹38. Early trading saw the stock rise further to ₹75
India's gold industry, backed by the World Gold Council (WGC), has initiated the formation of a self-regulatory organization to enhance consumer trust and confidence, the WGC announced on Tuesday. The Indian Association for Gold Excellence a
Bulkcorp International's shares had an impressive debut on the NSE SME, listing at ₹130 per share, which is 24 above the IPO's upper price band of ₹105 per share. The IPO was highly successful, being subscribed 176.35 times, with strong interest
Shares of Sathlokhar Synergys E&C Global had an impressive debut on the SME exchange today, August 6, starting at ₹260 per share on the NSE Emerge platform. This opening price reflects an 85.7 increase from its issue price of ₹140. The co
On August 6, the Indian equity markets saw a notable rebound, following a global market meltdown the previous day. This drop was triggered by concerns over a potential US recession and the unwinding of the yen carry trade, spurred by an interest rate
The Securities and Exchange Board of India (SEBI) has introduced new regulations for mutual funds, mandating asset management companies (AMCs) to establish an institutional mechanism to prevent violations like fraudulent transactions and front-runnin
TVS Motor Company Ltd. posted a net profit of ₹577 crore for the April-June quarter. The company's revenue for the period grew by 16 compared to the previous year, totaling ₹8,376 crore. The EBITDA margin increased by 50 basis points to 11.5, m
Asian stocks surged as bargain hunters stepped in after fears of a US economic downturn caused a significant regional benchmark drop, the worst single-day decline since 2008. The MSCI Asia Pacific Index soared by up to 3.9, marking its best perfo
Foreign investors acquired over $1 billion in IT stocks in the latter half of July, influenced by robust June quarter earnings that met expectations, fostering optimism about a sector recovery. In contrast, they divested nearly $1 billion from fin
Gold prices dropped more than 2 in a turbulent trading session on Monday as investors sold off positions amid a broader equity market selloff. By 1139 GMT (0400 IST), spot gold had decreased 2 to $2,393.66 per ounce, while U.S. gold futures decline
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