New Swan Multitech IPO Listing: On Thursday, the company’s shares had an incredible debut on the stock market when they were listed at a premium of 90% over the IPO price. The opening price of New Swan Multitech shares was ₹125.40, while the issue price on the BSE SME was ₹66. Shares of New Swan…
Thursday saw Sensex and Nifty open lower than usual once more, with the markets falling more than 400 points today. On January 18, Sensex and Nifty opened negatively once more. Sensex fell more than 400 points to 71,023, and Nifty fell below 21,500 during the opening bell. Not too many days after the benchmark index…
Asian Paints Q3 Results: Asian Paints reported October–December quarter fiscal 2023–24 (Q3FY24) results, indicating a 34.5% increase in consolidated net profit to ₹1,475 crore from ₹1,097 crore in the same period last year. The income generated by the operations of the largest paint manufacturing firm in the country increased by 5.4% to ₹9,104 crore during…
Sensex: Financials and banks pulled the domestic indices down. With 30 shares, the BSE Sensex fell 1,045 points, or 1.43%, to trade at 72,084, while the NSE Nifty fell 313 points, or 1.42%, to trade at 21,719. Summary In early trade on Wednesday, benchmarks for Indian equities fell precipitously on the back of negative global…
Zerodha Fund House: The ETF replicates the Nifty 1D Rate Index, which tracks the returns generated by overnight lending market players. The Zerodha Fund House unveiled a new plan and the Zerodha Nifty 1D Rate Liquid ETF, India’s first growth liquid exchange-traded fund (ETF), on Wednesday. By January 24, the fund should be listed on…
India: In the first two months of the oil year 2023-24 (November to October), India’s edible oil imports fell by 20.38 percent. According to figures from the Solvent Extractors’ Association of India (SEA), India imported 24.55 lakh tons (lt) of edible oil in the first two months of the oil year 2023-24, compared to 30.84…
Avenue Supermarts Q3 Preview: Brokers estimate that even though the festival season fell into Q3FY24 rather than Q2, discretionary consumption remained poor from October to December. Avenue Supermarts is expected to see reduced revenue growth in the third quarter of its fiscal year due to a decline in input prices and weak festive demand. Based…
Wipro projects that the IT Services business sector will generate between $2,615 million and $2,669 million in sales. In constant currency terms, this amounts to sequential guidance of minus 1.5% to 0.5%. Wipro Ltd. posted a consolidated net profit of Rs 2,700 crore on Friday, down 11.90 percent year over year (YoY) from Rs 3,065…
HCLTech: The entire income of the Noida-based IT firm increased to Rs 28,816 crore in the third quarter of FY24. HCL Technologies Ltd reported a 6.23 percent increase in third-quarter net profit to Rs 4,351 crore, up from Rs 4,096 crore in the previous year. The overall income of the Noida-based IT firm increased to…
Mukesh Ambani: India and Asia’s wealthiest individual witnessed a $2.8 billion increase in wealth on Thursday, reaching $101.8 billion. This surge is attributed to a 2.6% rise in the shares of his flagship company, Reliance Industries Ltd., closing at a record high. Notably, this marks his return to the $100-billion club for the first time…
