The percentage of promoters’ pledged stake declined from 1.17% in the October-December 2023 quarter to 1.1% in the March 2024 quarter, a report by Kotak Institutional Securities said. In the last quarter of FY24, promoters of 73 companies in the BSE-500 index have pledged part of their stake and the value of pledged promoter holdings…
India’s industrial output growth slowed marginally to 4.9% in March 2024 mainly due to poor performance by the mining sector, according to official data released on Friday.Factory output growth, measured in terms of the Index of Industrial Production (IIP), stood at 5.6% in February 2024. However, in March 2023 it was 1.9%.For fiscal year 2023-24,…
On Friday State-owned Bank of Baroda reported: a marginal 2.3% grow in net profit to Rs 4,886 Crore for the Q4 ending March 2024.A year before, the bank had earned a net profit of Rs 4,775 Crore in the January-March quarter. Total income during the quarter under review increased to Rs 33,775 Crore from Rs…
New Delhi: Tata Power on Wednesday reported 11% rise in its consolidated net profit in the March quarter to Rs 1,046 Crore compared to last year mainly due to higher profits. BSE filings showed consolidated profit stood at Rs 939 Crore for the quarter ending March 31, 2023. The company’s total income in the quarter…
Gold Price Today: Gold futures for June expiry on MCX closed 0.09 per cent or Rs 137 lower at Rs 71,083.00 per 10 gram on Wednesday (May 8), while silver futures for July expiry on MCX closed 0.11 per cent lower. Together it came to 82,783.00.According to PTI, analysts have attributed the fall in gold…
Fahadh Faasil is impressed by Ranbir Kapoor’s acting. In a new interview with Film Companion, Fahadh called Ranbir ‘the best actor in the country’. Fahadh also shared his views on being labeled as a pan-India star and said that he is just an actor who is interested in doing films. What did Fahadh say?During the…
Shares of Paytm’s parent company One97 Communications fell 5% on May 6, Monday. After Bhavesh Gupta, President and Chief Operating Officer of Paytm, resigned from the company. The stock of fintech businesses fell4.99 per cent to Rs351.70 to reach the lower circuit limit on BSE. It fell 5 percent to Rs351.40 on NSE. As a…
Loss-making Air India has reduced the free cabin baggage allowance for the lowest economy fare segment on domestic flights from 20 kg to 15 kg. The changes have been made to fare families, a menu-based pricing model introduced by Tata Group-owned Air India last August. The airline has said that a one-size-fits-all approach is no…
The government on Friday imposed 40 percent duty on onion export. It also exempted duty on import of desi chana till March 31, 2025. Additionally, it has extended duty exemption on imports of yellow peas covered by bills of entry issued on or before October 31, 2024.The Finance Ministry said in a notification that the…
Russia increased its share of Indian crude imports from 30% in March to nearly 40% in April, closing at its all-time peak of 42% last July, as higher global oil prices forced Indian refiners to seek concessional Russian oil, inspired to increase barrel intake to reduce their average crude oil purchasing cost. Indian refiners imported…
