The stock market closed with gains on October 18, marking a significant rebound after three consecutive days of decline. The Nifty index surged by 104 points, closing above 24,850. Experts have indicated that the immediate resistance level for the Nifty is at 25,000. In this article, we will outline vital data points and insights to ...
In the financial landscape, companies often experience fluctuations in revenue and expenditure due to various market factors. Dalmia Bharat, a prominent player in the cement industry, has recently reported its financial results for the second quarter of the fiscal year. Understanding these results provides insights not only into the company’s performance but also into the ...
The recent Initial Public Offering (IPO) of SMPP has created a significant buzz in the investment community. This IPO involves a fresh issue of shares, and the proceeds will be channelled towards establishing an ammunition manufacturing facility for its subsidiary, SMPP Ammunition Private Limited. The robust demand for defense-related products and the need for self-reliance ...
Baiju Raveendran, the founder of Byju’s, has addressed ongoing discussions regarding his stay in Dubai. In recent years, Byju’s, a prominent edtech brand, faced numerous challenges that impacted its operations. In his first virtual press conference in four years, Raveendran clarified the misconceptions surrounding his move to Dubai, emphasizing the personal nature of his stay. ...
The United Arab Emirates (UAE) has introduced a new ‘Visa on Arrival’ provision that will significantly benefit Indian travelers. This development is particularly useful for those looking to visit the UAE for tourism, business, or family reunions. The new regulations aim to streamline the entry process, making it more convenient and efficient for travelers from ...
As of today, gold prices have reached unprecedented levels in Delhi, reflecting an increasing demand ahead of festive occasions such as Karva Chauth. With the precious metal often regarded as a safe-haven asset, many investors are keenly observing market trends. This surge in gold prices has sparked interest among both consumers and investors alike, making ...
KEI Industries has showcased remarkable growth in its financial performance for the July-September 2024 quarter. The company’s consolidated net profit saw an increase to ₹154.8 crore, compared to ₹140.2 crore in the same quarter of the previous year. This growth reflects the company’s robust operational performance and effective strategic initiatives aimed at expanding its market ...
Investors often look up to successful market players to guide their own investment decisions. One such prominent investor is Vijay Kedia, whose investment moves draw considerable attention, especially among retail investors. In recent developments, Kedia has made significant changes to his portfolio, showcasing his strategic approach to navigating the dynamic stock market. This article will ...
The State Bank of India (SBI), the largest bank in the government sector, is planning to raise ₹5,000 crores through the issuance of Additional Tier-1 Bonds (AT-1 Bonds) next week. This move is part of the bank’s broader strategy to enhance its capital base and support its lending activities, thereby ensuring sufficient liquidity to meet ...
Avenue Supermarts, the parent company of the popular hypermarket chain D-Mart, has recently experienced significant selling pressure in its share price. Today, the shares plummeted by over 9%, marking the largest single-day decline since January 2019. While there has been some buying interest at these lower levels, the stock remains under substantial pressure, raising concerns ...