Shares of RBL Bank slumped by 13%, hitting an intra-day low of Rs 176.50 on the NSE today following the announcement of its Q2FY25 results. The bank reported a 24% year-on-year (YoY) decline in profit after tax (PAT) to Rs 223 crore for the quarter ended September 2024. RBL Bank’s Q2FY25 Performance Despite the dip
Petrol, Diesel Price Today 21 October 2024: Oil prices were steady at the time of early morning trade on Monday just after a major drop of 7% in the last week. The reason behind the decline has been credited to fear of less demand from China and ongoing conflict in the Middle East. As per
Shares of Tech Mahindra gains over 3% to open at Rs 1,745 on NSE today after reporting a remarkable 153.1% year-on-year (YoY) jump in net profit for the second quarter of FY25, reaching Rs 1,250 crore. The company’s revenue rose by 3.5% YoY to Rs 13,313 crore during the same period. Revenue Performance In constant
Go to Live UpdatesHDFC Bank Share Price Today Live Updates, 21 Oct, 2024: HDFC Bank shares were up 3% after the company reported a 6% increase in consolidated net profit for the September quarter, reaching Rs 17,825.91 crore. The counter closed trade on 18 Oct, 2024 at Rs 1681.15. The shares touched intraday high of
Go to Live UpdatesTech Mahindra Share Price Today Live Updates, 21 Oct, 2024: Tech Mahindra shares rise 4.4% to an intra-day high of Rs 1,761.85 a day after it reported a two-fold jump in its net profit for the July-September quarter, reaching Rs 1,250 crore, driven by special income from the sale of assets. The
Go to Live UpdatesKotak Mahindra Bank Share Price Today Live Updates, 21 Oct, 2024: The Kotak Mahindra Bank share is in news and the counter closed trade on 18 Oct, 2024 at Rs 1869.8. The shares touched intraday high of Rs 1878.55 in the last trading session while the intraday low was at Rs 1848.3.
HDFC Bank’s shares jumps nearly 3% to hit intra-day high of Rs 1731.90 on NSE today after the bank’s board approved a Rs 12,500-crore IPO for its non-banking financial company (NBFC) arm, HDB Financial Services (HDBFS). The proposed initial public offering (IPO) will include a stake sale worth Rs 10,000 crore by HDFC Bank. HDB
Shares of Anil Ambani-led Reliance Infrastructure is in focus after shareholders overwhelmingly approved the company’s plan to raise Rs 6,000 crore through a Preferential Issue and Qualified Institutional Placement (QIP). The resolutions received over 98% of votes in favour during a postal ballot, signalling strong support for the move. Reliance Infrastructure’s Preferential Issue Details In
The new mechanism to make recording of export-import data more efficient led to the double counting of some of the gold that entered the country via Special Economic Zones (SEZs) resulting in hugely inflated numbers for the month of November. In fact it was a 331% year-on-year increase in gold imports to $ 14.8 billion
The Madhya Pradesh High Court on Thursday lifted the stay on Religare Enterprises annual general meeting (AGM) as well as the Reserve Bank of India (RBI)’s approval for Burmans’ open offer to acquire an additional 26% stake in the company. Also ReadCourt stays Religare AGM, RBI’s nod for open offer A division bench, comprising chief
Even though the government has just appointed 24 members to the National Company Law Tribunal (NCLT) ahead of the Union Budget, the ministry of corporate affairs has sought significantly higher allocation of resources for strengthening of NCLT and NCLAT (National Company Law Appellate Tribunal) infrastructure as part of its budget proposals. Also ReadTata Elxsi Q3
Despite the rally in the stock market fizzling out after September, equity mutual funds (MFs) closed the year with net inflows of Rs 41,156 crore in December. This led to a year-on-year rise of 144%, taking the total equity inflows to a record Rs 3.9 lakh crore for 2024. Equity MFs saw the second-best monthly
The rupee on Thursday ended flay after hitting a lifetime low of 85.94 against a dollar during intra-day trade. The rupee continued with its downward trajectory as the dollar index maintained an upward momentum as minutes of US Fed’s December 17-18 meeting showed that it is expected to dial back the pace of interest rate
