A more than 225-year-old corporation will distribute its second interim dividend for the fiscal year 2022–2023 in April 2023. The Murugappa Group Company has informed the Indian Stock Exchanges that the Board of Directors will review and approve the second interim dividend at the Board meeting planned for today, April 10, 2023. EID Parry is…
Q1) What is Currency ? Currency is a medium of exchange that is accepted in transactions for goods and services. It serves as a unit of account, a store of value, and a medium for facilitating economic transactions. Throughout history, currency has taken various forms and has evolved over time in response to the needs…
For the final quarter of FY23, the largest private lender, HDFC Bank, had a roughly 17% increase in gross advances year over year. On Monday, the bank disclosed the results of its balance sheets for the relevant quarter. The bank reported double-digit growth in all areas of lending. Deposits of aggregate increased dramatically, by almost…
For the majority of B2C e-commerce businesses, the third quarter (October to December) of FY23 was challenging, and investors anticipated a turnaround in Q4 of FY23. ICICI Securities, a domestic brokerage and research firm, cautioned that B2C growth would fall short of projections. The brokerage observes evidence of consumer fatigue in both BPC e-commerce and…
After the company’s announcement of a share buyback programme totaling 200 crores in February 2023, shares of are now trading ex-buyback as of this Wednesday. The Symphony Ltd. board of directors set March 29, 2023, as the record date for the share buyback. At the start of the trading session, the stock was down more…
Due to rising raw material costs and a market inventory build-up, the Indian agrochemicals sector has had a challenging FY23 thus far. These variables had a negative impact on margins and sales growth, especially in the December quarter (Q3FY23). For the majority of businesses, volume growth remained subdued while revenue growth was mostly driven by…
In the first hour of trading on Tuesday, shares of Kalyan Jewellers India fell more than 10% to 105 rupees a share amid block deals rumours of a sizable trade involving 2.74% of the company’s stock. In the previous five trading sessions, the stock has dropped more than 8%. According to a report from CNBC-TV18,…
Nestlé India is a large-cap company and a giant in the FMCG industry, with a market value of 182,138 Cr. The largest and leading corporation in the world is Nestlé. Now, the company employs over 275,000 people, has over 2,000 brands, and operates in 188 different countries. “This is to inform you that declaration of…
On Monday, big deals on NSE caused Trident, a leading textile fabric maker, to drop in price quickly. Through a block deal, Trident Limited Employees Welfare Trust sold more than 1.23 million equity shares in Trident, which added up to about 31.89 crore. These shares were bought on the open market by the promoter, the…
Venkatachari Srikanth, 56, was named the new Chief Financial Officer (CFO) of Reliance Industries on Friday, effective as of the first day of June 2023. Alok Agarwal, the current CFO, will begin serving as Senior Adviser to the Chairman and Managing Director of Reliance Industries on June 1, 2023, the firm announced. Alok Agarwal, the…
