Shares of ICICI Bank are expected to remain in focus today after the lender reported a 14.5% increase in its standalone net profit for the September quarter, reaching Rs 11,746 crore compared to Rs 10,261 crore in the same period last year. Key Highlights of Q2FY25 The bank’s net interest income (NII) saw a year-on-year
As the festive season unfolds with Diwali, Dhanteras, and Govatsa Dwadashi, gold and silver prices are scaling new heights. The price of 24-carat gold is approaching the Rs 80,000 per 10 grams mark, largely driven by the traditional increase in demand during this period. Purchasing gold around the festivities is common, serving both as an
Concerns over risks to earnings growth, weak consumption, global conflicts and foreign funds moving money to China have left money managers and market mavens cautious. Returns in Samvat 2081, they believe, will be modest. Andrew Holland, CEO of Avendus Capital Alternate Strategies, for instance, has tempered his expectations. Returns from the benchmark indices, Holland estimates
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended down by 61 points or 0.25% at 24,149 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex
Interview: Nilesh Shah, managing director, Kotak Mahindra AMC. After a dream run, the benchmark indices have started moving downwards from September due to earnings disappointment and geopolitical uncertainties. However, Nilesh Shah, managing director, Kotak Mahindra AMC, believes that this is a healthy consolidation. He tells Joydeep Ghosh that foreign portfolio investors (FPI) will make a
After a sharp correction from recent highs, the Nifty 50 index may have one more bounce left before it might head towards 23,350 points, according to technical charts. The over 2,000-point fall from its peak has pushed the index into the oversold territory, calling for a short recovery as soon as this week. The Nifty
Go to Live UpdatesWaaree Energies IPO Listing 2024 Live: The Waaree Energies IPO is showing a robust gray market premium (GMP) ahead of its listing on October 28. The IPO has been oversubscribed nearly 80 times, with investors able to check their allotment status on the registrar’s website. Waaree Energies aimed to raise Rs 4,321.44
With gold priced at Rs 78,490/10 gm, and GenZs preferring lightweight jewellery, demand for low-carat gold is booming. No wonder, the government recently notified that 9-carat gold jewellery will also be hallmarked by end of the year. Major players like Malabar Gold and Diamonds, Kalyan Jewellers, Mia by Tanishq and others are betting on lightweight
The real fear isn’t about ghosts. It’s about lost years, ruined credit, and regret. Is there something scarier than a haunted house? Yes, it’s a Rs 50,000 investment gone because of a tip you didn’t question. A dream home loan is cancelled because your EMIs ate your savings. Or five years gone, just waiting for
The Institute of Chartered Accountants of India (ICAI) is set to suggest names of the chartered accountant (CA) firms to National Bank for Agriculture and Rural Development (NABARD) for appointment/re-appointment as statutory auditors of State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs) for FY26. A senior official told FE that the applications of the
America’s gold holdings at Fort Knox are back in the news, as calls for a complete audit gain traction. Members of Congress have introduced a bill to initiate the first comprehensive audit of America’s gold reserves in decades. Representative Thomas Massie introduced the Gold Reserve Transparency Act of 2025, which requires the Comptroller General to
The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly. What is the new update? The Central Board
The Reserve Bank governor, Sanjay Malhotra, gave a positive outlook on the IndusInd Bank, speaking to the media at a press conference after the MPC meeting on Friday. In the post-meeting conference, the RBI Governor pointed out that the bank’s accounting condition has improved. “I think the bank has taken enough steps to improve their
