Utkarsh SFB Stock Settles 18% Higher On Share Allotment To Madhusudan Kela’s Fund House The shares of Utkarsh Small Finance Bank ended the session on Friday with 18% gains after it rose nearly 20% after the lender announced that it has allotted over 5.71 crore shares to investor Madhusudan Kela’s fund house Cohesion MK Best […]
Dr Reddy’s Q2 Results: A Detailed Analysis Dr Reddy’s Laboratories Ltd.’s profit in the second quarter of this financial year rose 7.3% to Rs 1,347 crore in the quarter ended September. This is in comparison to a profit of Rs 1,256 crore in the same quarter of the previous fiscal, according to its stock exchange
DMart’s Radhakishan Damani Invests Rs 90 Crore in Lenskart Ahead of IPO Billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), has invested around Rs 90 crore in eyewear retailer Lenskart Solutions in a pre-IPO (initial public offering) funding round, people familiar with the development said on Friday. About the Investment The investment comes ahead
Shipping Corp Privatisation Plan: A Shift in Government’s Strategy The government’s plan to privatise Shipping Corporation of India (SCI) may be put on hold amid the evolving global geopolitical situation, with an increasing focus on strengthening the state-run carrier to safeguard India’s trade and energy security, official sources told NDTV Profit. The Ministry of Ports,
Reliance Industries Confident In Diversified Crude Strategy Amid Russian Oil Sanctions Reliance Industries Ltd., India’s top private refiner, has expressed confidence in its ‘crude sourcing strategy’ amid the cloud over Russian oil imports due to the sanctions announced by the United States. Background Of The Sanctions The US implemented sanctions on two of Russia’s largest
FPIs Turn Net Buyers in Indian Markets: A Positive Signal for Investors The foreign portfolio investors on Friday turned net buyers of Indian shares after a day of selling, buying stocks worth approximately Rs 621.51 crore, according to provisional data from the National Stock Exchange. This development has sparked optimism among investors, as it indicates
Piyush Pandey: A Legendary Figure in Indian Advertising India recently lost one of its most prominent voices in the advertising space, Piyush Pandey, who was not only the mastermind behind some of the most iconic advertisements produced in the sub-continent but also a passionate advocate for social causes. Apart from his commercial interests, Pandey contributed
SEBI Stops Mutual Funds From Investing In Pre-IPO Placements: Sources The Securities and Exchange Board of India (SEBI) has stopped mutual funds from investing in pre-IPO placements, sources told NDTV Profit. This move is expected to have a significant impact on the IPO market in India, which has been buzzing with activity in recent times.
Silver’s Paradox: A Deep Dive into the Recent Price Movement Silver seems to be losing its shimmer after touching a record high at Rs 1.70 lakh per kg on Oct. 17. The week has been chipping away at the white metal, tarnishing its glory with nearly 6% weekly plunge in silver rates at India’s Multi
Gold Prices in India: A Post-Festive Season Analysis Gold prices in India today were marginally lower at Rs 123,550, after the festive season. This compares to the Rs 1,24,530 levels on Friday. The dip in gold prices can be attributed to a combination of factors, including the end of the seasonal buying spree and a