With the ongoing buzz around the Lok Sabha election results, markets are still witnessing strong volatility. India vix stood above 21 as of May 24. However, the week ended in green, with Nifty and Sensex only rising each day while closing near their all-time high zones. With a progressive movement and the indices constantly achieving…
Gold recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a…
Divi’s Laboratories on Saturday reported a consolidated net profit of Rs 538 crore for the quarter ended March 31, 2024, which was up 68% over Rs 321 crore reported by the company in the corresponding quarter of the last financial year. It was higher than the ETNow estimates of Rs 473 crore. The company also…
Workday shares dropped more than 13% on Friday, after the human resources software provider pared back its annual subscription revenue forecast as economic uncertainty and slower hiring hurt demand for its payroll services. Enterprises have slowed down hiring of new employees as they navigate pressures from higher-for-longer interest rates and sticky inflation. Workday is set…
Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward…
Britain’s National Grid plans to raise about 7 billion pounds ($8.9 billion) in the largest UK rights issue since 2009 as it gears up to invest 60 billion pounds in energy networks, it said on Thursday. Britain has a target to decarbonise its power sector by 2035, which will require many more renewable power plants…
Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd has approved Rs 3.94 per unit distribution to ordinary unitholders aggregating Rs 508 crore for Q4 FY24. The per unit distribution comprises Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paisa as treasury income, it…
Grasim, a part of the Aditya Birla Group, on Wednesday reported 39% growth in its consolidated net profit to Rs 1,908 crore for the quarter ended March 2024, excluding exceptional items. The same stood at Rs 1,369 crore in the last year quarter. Revenue from operations increased 13% year-on-year to Rs 37,727 crore in the…
“We see the highway are being built, railway is being built, a lot of manufacturing capacity are being built that will necessarily percolate the order to MSME, where the credit demand will come and that is where the opportunity lies for us,” says Rajesh Sharma, MD & CEO, Capri Global. Let us first understand the…
New Delhi, Co-working space operator Awfis Space Solutions Ltd on Tuesday said it has mobilised a little over Rs 268 crore from anchor investors a day before its initial share-sale opening for public subscription. The company has allotted 70.13 lakh equity shares to 32 funds at Rs 383 apiece, which is also the upper end…
