HDFC Bank: Despite HDFC Bank’s shares opening positively, the lender’s Q4 profitability fell short of expectations due to increased provisioning. By 9:17 am, the stock was down 0.6% at Rs 1522.15. In Q4, the bank posted a standalone net profit of Rs 16,500 crore, compared to Rs 16,400 crore in the previous quarter. According to…
IREDA shares: During Monday’s trading session, shares of Indian Renewable Energy Development Agency Ltd (IREDA) experienced a notable surge of approximately 12 percent. This uptick followed strong performance reports from state-run financial firms for the quarter and fiscal year ending on March 31, 2024, which were released on Friday. In an exchange filing, IREDA announced…
Zomato, the food delivery giant, disclosed in a regulatory filing on April 19 that it has been issued a GST demand and penalty order amounting to A total amount of Rs 11.81 crore for July 2017 through March 2021. The order comprises a GST demand totaling Rs 5.9 crore along with an equal amount imposed…
HDFC Bank Q4 Results: HDFC Bank released its financial results for the January-March quarter of the fiscal year 2023-24 (Q4FY24), revealing a standalone net profit of ₹16,512 crore. This figure represents a slight increase from the ₹16,373 crore reported in the previous December quarter. However, it’s important to note that HDFC Bank merged with its…
Bitcoin, the foremost cryptocurrency globally, experienced a scheduled decrease in its rate of new coin generation on April 19. This occurrence, referred to as a “halving,” happens approximately every four years and is intended to decrease the overall supply of Bitcoin, as stated by CoinGecko. According to Coinmarketcap data, Bitcoin’s dominance stands at 54.14 percent,…
Wipro: In the fourth quarter of FY24, Wipro recorded a net profit of Rs 2,858.2 crore, indicating a 7.6% decline from Rs 3,093.5 crore during a similar period in the year prior. In Q4 FY24, the IT major’s revenue from operations amounted to Rs 22,208.3 crore, reflecting a 4.2% decrease from Rs 23,190.3 crore in…
The Vodafone Idea FPO will close on Monday, April 22. It began for subscriptions yesterday, Thursday, April 18. On the first day of the share offering, 26% of the Vodafone Idea FPO subscription status was made up of non-institutional investors and qualified institutional buyers (QIBs). According to BSE statistics, retail investors only bid for 6%…
Infosys shares: In the early hours of Friday morning, Infosys shares experienced considerable selling pressure following the release of the Q4 results for 2024. The price of Infosys shares begun the day on the NSE with a gap down at ₹1,385 a share, and shortly after the opening bell, the share price reached an intraday…
Just Dial shares rose more than 8% in early trading on April 18, following the company’s disclosure of its results for the January to March 2024 quarter. At 11:27 am, Just Dial’s stock price surged by 10.43% to reach Rs 984.05 on the NSE. Over the last month, the company’s shares have risen by 25%,…
Nestle: On April 18, Nestle India’s stock fell by almost 4%, marking the company’s largest decline in three years. The fall was caused by a Public Eye report that exposed the FMCG giant for adding sugar and honey to its top-selling baby milk and cereal products in developing nations like India but not in European…
