By Suhel Khan In an interesting development, PPFAS (Parag Parikh Financial Advisory Services) has just revealed in their December 2024 factsheet a significant move that’s got everyone talking about it. The fund house, known for its conservative stock selection and value-focused philosophy, has acquired a substantial 2% stake in a well-known stock, which the market
Most U.S. stocks rose Tuesday following an encouraging update on inflation, though drops for Eli Lilly and other influential stocks kept indexes in check. The S&P 500 rose 0.1% as three out of every four stocks in the index climbed. The Dow Jones Industrial Average added 221 points, or 0.5%, and the Nasdaq composite slipped
Infosys is likely to report muted earnings in the quarter ended December due to seasonal challenges. While revenue growth is expected to remain modest on a sequential basis, net profit is likely to see a slight increase. Analysts also anticipate a potential upward revision in the company’s revenue guidance for fiscal 2025. According to average
Fast-food chains in India are expected to feel the pressure of an ongoing economic slowdown in Q3FY25, as consumers continue to cut back on discretionary spending, particularly in urban areas, according to analysts. Despite the festive October-December quarter being crucial for quick-service restaurants (QSRs), Bernstein highlights hat high food inflation and low real wage growth
Wonderchef, the kitchen appliance brand backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24, reporting a net profit of Rs 1.5 crore, according to data from the Registrar of Companies (RoC). It was against a total loss of Rs 51.8 crore in FY23. Ravi Saxena, managing director of Wonderchef, told FE that the
Domestic debt fund managers have increased their exposure to state development loans (SDLs), as they fetch them higher yields compared with central government bonds and corporate bonds, said debt fund managers. In fact, some are even swapping central government securities with these bonds. SDLs are bonds issued by state governments to fund their fiscal deficit.
BrightNight, a renewable power producer, on Tuesday announced that it has commissioned the first phase of its 115 MW hybrid renewable power project, Optima Maharashtra, in Dharashiv, Southern Maharashtra. This is one of the state’s first co-located wind-solar projects. Spanning around 500 acres, Optima Maharashtra integrates advanced wind and solar technologies, powered by BrightNight’s proprietary
In a potential setback to crores of central government employees and pensioners, the Centre might not set up the 8th Pay Commission at all and possibly end the pay panel system entirely, according to a source. The Modi government implemented the 7th Pay Commission’s recommendations starting in January 2016, and the panel’s term is expected
Who doesn’t love some extra cash boost? If you are an investor looking for dividend opportunities, three companies – ADC India Communications, MSTC, and RailTel Corporation have set today, April 2, as the record date for their interim payouts. With a combined total of Rs 30.5 per share up for grabs, here is a detailed
Bharat Electronics Share Price Today Highlights: The Bharat Electronics share is in news and the counter closed trade on 01 Apr, 2025 at Rs 292.15. The shares touched intraday high of Rs 305.8 in the last trading session while the intraday low was at Rs 290. The company’s market capitalization, as on 01 Apr, 2025
Swiggy Share Price Today Highlights: The Swiggy share is in news and the counter closed trade on 01 Apr, 2025 at Rs 331.55. The shares touched intraday high of Rs 339.3 in the last trading session while the intraday low was at Rs 325.6. The company’s market capitalization, as on 01 Apr, 2025, is at
The technology companies like TCS, Infosys, Wipro, HCL Tech are in focus. The Q4 earnings season kicks off in a matter of days and the marquee tech numbers take the lead in announcing the Q4 performances of the companies. The tech results are particularly important given the uncertainty globally and the economic challenges worldwide. They
Shares of Mumbai-based real estate companies fell as much as 3.34% after the Maharashtra government increased ready reckoner rates for property transactions. The state government increased ready reckoner rate for Mumbai properties by an average of 3.39% for FY26. Ready reckoner rates are the minimum rates at which government charges stamp duty and registration for