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November 7, 2023 New Delhi, India Upcoming Q2 Results The market gears up for a wave of Q2 earnings releases from a variety of significant companies across different sectors. Market Expectations Anticipation looms as Power Grid Corporation of India, Shree Cement, and others prepare to unveil their Q2 earnings. The market opens with a modest…
Synopsis: Zurich Insurance has finalized its acquisition of a 51% stake in Kotak General Insurance, investing Rs 4,051 crore. This marks a substantial step in India’s non-life insurance sector, promising innovative changes and improved customer experiences. November 2, 2023 New Delhi, India Introduction Zurich Insurance has successfully acquired a 51% majority stake in Kotak General…
November 1, 2023 New Delhi, India Blue Jet IPO Listing Today Blue Jet Healthcare, a Maharashtra-based pharma company, made a successful debut on Dalal Street, showcasing a promising performance in its stock market launch. IPO Overview Blue Jet Healthcare’s Initial Public Offering (IPO) began on October 25, closing on October 27. The company offered 24,285,160…
October 27, 2023 New Delhi, India USDINR The trading range for USDINR was between 83.03 and 83.27 today. The Indian Rupee remained stable as global recession risks and Middle East geopolitical tensions were assessed. The macroeconomic outlook for India’s 2023-24 fiscal year remains positive, supported by strong domestic fundamentals. Investors are closely monitoring developments in…
October 25, 2023 New Delhi, India Colgate-Palmolive India’s Q2 Success: A 22% Profit Boost Revenue Growth and Operational Efficiency Drive Strong Performance In a recent financial update, Colgate-Palmolive India has revealed impressive results for the second quarter of the fiscal year, reporting a 22% surge in net profit compared to the same period in the…
October 26, 2023 New Delhi, India Indian Stock Market Slumps as Tech Earnings Disappoint and Global Factors Weigh Indian equity indices faced a significant downturn on October 26, 2023, as a combination of factors sent shockwaves through the stock market. Tech Earnings Disappointment The sixth consecutive session of losses for the Indian stock market was…
October 26, 2023 New Delhi, India Axis Bank Q2 Results Axis Bank, one of India’s prominent private sector lenders, has reported a noteworthy 10% growth in net profit for the second quarter of the current fiscal year. Here’s a breakdown of the key highlights from the earnings report: Positive Net Profit Growth Axis Bank’s net…
October 25, 2023 New Delhi, India Indian Stock Market Falling Today Nifty and Sensex Decline The Indian stock market commenced the day with a promising gap-up opening, only to experience a significant downturn as trading progressed. All major indices witnessed pronounced sell-offs. The BSE Sensex initially displayed a positive trend, opening at 64,619, but later…
October 25, 2023 New Delhi, India S&P Global Manufacturing and Services PMI In a promising development for the U.S. economy, both the manufacturing and services sectors showed signs of growth in October. According to the latest data from the S&P Global Manufacturing and Services PMI, economic activity in the private sector improved, offering hope for…
Stock Market Update In a day of mixed trading on the Indian stock market, Jupiter Lifeline Hospitals Limited (JLHL) stole the spotlight with a remarkable debut. Meanwhile, various sectors showed diverse performance, reflecting the market’s dynamic nature. JLHL’s Impressive Debut: JLHL, a renowned multi-specialty healthcare provider in western India, made its much-anticipated stock market debut…
