Route Mobile’s share price dropped by 5% following a 9% decrease in Q4 profits, while revenue maintained stability. However, FY24 net profit saw a 17% increase. Q4 performance aligned with …
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HPCL will deliberate on issuing bonus shares on Thursday, contemplating such an issuance for the first time in nearly 8 years.
by smtfinby smtfinOn Monday, Hindustan Petroleum Corporation Limited (HPCL), a government-owned entity, announced that its board of directors might discuss a proposal to recommend bonus equity shares and set a record date …
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The CEO of NSE has announced that there are no immediate plans to extend the trading hours of the stock market.
by smtfinby smtfinDuring an analyst call, Ashishkumar Chauhan, the MD & CEO of NSE, expressed these views. Ashishkumar Chauhan, the MD & CEO of the National Stock Exchange, stated that the Securities …
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Enforcement Directorate recovers cash pile from home of Jharkhand minister’s aide in Virendra Ram case, ongoing counting.
by smtfinby smtfinCash amounting to an estimated Rs 20 to 30 crore was found at the residence of Sanjiv Lal, the aide to Jharkhand Rural Development minister Alamgir Alam. The ongoing counting …
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Bhavesh Gupta, Paytm’s third-ranking senior executive, resigns; others may follow suit.
by smtfinby smtfinGupta’s resignation coincides with the upcoming announcement of Paytm’s annual and fourth quarterly results. Citing personal reasons, Gupta stepped down from his role at the company. With Bhavesh Gupta, Paytm’s …
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Kotak Bank shares surge 4% despite RBI criticism, buoyed by Q4 outperformance, prompting investor interest in stock upgrade.
by smtfinby smtfinKotak Bank recorded an 18.22% year-on-year (YoY) rise in standalone profit for the quarter ending March 2024, reaching Rs 4,133.30 crore, with net interest income (NII) increasing by 13% YoY …
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Swiggy is expected to file its draft IPO documents this week and could raise over $1 billion through the offering.
Swiggy Gears Up for $1 Billion IPO, Filing Expected Soon Bengaluru-based food delivery giant Swiggy is set to make waves in the stock market with …
Samvardhana Motherson International is set to acquire an 11% stake in Israel-based REE Automotive for $15 million.
Samvardhana Motherson International Ltd (SAMIL) has announced a strategic investment in Israel’s REE Automotive Ltd, marking a significant move in the electric vehicle (EV) technology …
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Major stakeholders in Think and Learn Pvt. Ltd., the parent company of edtech startup Byju’s, demand a management shakeup, seeking the removal of co-founder and …
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Business
Paytm shares experience a 20% decline, losing $2 billion in just two days
by adminby adminPaytm shares plummet, $2 billion Paytm stated that its marketing and financial services remain unaffected by the directions towards its associate company PPBL, but operational …
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Business
Actor Ranveer Singh has made an investment in Aman Gupta’s boAt and has been appointed as the brand ambassador
by adminby adminBoAt, the consumer electronics brand, has secured an undisclosed investment from Bollywood actor Ranveer Singh and formed a strategic partnership. Ranveer Singh becomes part of …
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Company
Suzlon Energy’s Q3 FY24 performance shows a 160% YoY increase in net profit, reaching ₹203 crore
by adminby adminRenewable energy solutions provider Suzlon Energy reported its Q3FY24 results, revealing a consolidated net profit of ₹203.04 crore. This marks a notable 160% improvement from …
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Budget
Key Highlights of Budget 2024: Fiscal deficit target set at 5.1% of GDP for 2024-25; no adjustments to income tax slabs
by adminby adminFinance Minister Nirmala Sitharaman has introduced the Interim Budget 2024, emphasizing a focus on Social Inclusivity and Geographical Inclusivity to extend the humane and inclusive …
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Business
RBI Imposed Restrictions on Paytm Payments Bank  and ordered to wrap up  all operations by March 15 due to continuous non-compliance
by adminby adminThe Reserve Bank of India (RBI) instructed Paytm Payments Bank to cease accepting new deposits in its accounts or popular wallets after February 29, 2024. …
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Financials
Swiggy’s revenue surged by 45% to reach Rs 8,625 crore in FY23, but the loss expanded to Rs 4,179 crore
by adminby adminSwiggy, the food and grocery delivery company, witnessed a 45% rise in operating revenue to Rs 8,265 crore in the fiscal year ending March 2023. …
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Market News
Tata Motors overtakes Maruti Suzuki as the most valuable automaker in India
by adminby adminTata Motors has become the top-valued automobile company in India, considering both the parent company’s market capitalization and its DVR shares. As of Tuesday’s closing, …
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Business
Bharat Electronics secures an order worth Rs 847 crore from the Finance Ministry
by adminby adminBharat Electronics Ltd. has clinched orders totaling Rs 847 crore from the Finance Ministry, with a significant Rs 665.84-crore order specifically from the Central Board …
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Financials
Deloitte Faces Scrutiny for Overlooking Alleged $462 Million Fraud at Tingo
by adminby adminUS short seller Hindenburg Research uncovered a $470 million corporate scam in Nigerian firm Tingo, certified by the global arm of auditing firm Deloitte. As …