Emerging-market stocks on cusp of reaching highest level since 2018
by The MSCI Emerging Markets Index has gained more than 50 per cent since reaching this year’s low in March
Bajaj Finance Q2 profit down 36% to Rs 877 crore on increased provisioning
The Pune-headquartered company said new loans booked during the second quarter dropped 44 per cent to 3.61 million
Purdue Pharma to plead guilty and pay $8.3 billion over opioids
The settlement is likely to boost Purdue’s effort to move past claims it helped spark a public-health crisis over opioids with its marketing of OxyContin.
Mutual fund distributors may need to rename firms after Amfi order
The move follows the decision taken by markets regulator Securities and Exchange Board of India (Sebi) to separate distribution and advisory functions in the MF …
Hospitality major Hilton expands presence in Jaipur by opening Double Tree
Hospitality major Hilton on Wednesday expanded its presence in Jaipur by opening of Double Tree by Hilton, Amer.
BPCL Trust for Investment in Shares sells scrips worth Rs 1,489 cr in BPCL
The BPCL Trust for Investment in Shares on Wednesday offloaded shares worth over Rs 1,489 crore in Bharat Petroleum Corporation Ltd (BPCL) through an open …
Great Eastern Shipping to raise up to Rs 150 cr through NCDs
A meeting of its Debenture Issue Committee is scheduled on October 26 in this regard, the company said in a regulatory filing to the BSE.
Post strong Q2 show, LTI confident of meeting margin, revenue goals: CEO
The company feels the demand environment has changed for the better as companies adjust to the new realities, and hence it is confident of maintaining …
Sasken Q2 results: Net profit up 2.4% at Rs 23.27 cr
Its revenue from operations declined by 14.7 per cent to Rs 107.2 crore in the reported quarter from Rs 125.7 crore in the second quarter …
NSE-BSE bulk deals: Jwalamukhi Invt, Westbridge Crossover sell stake in Greenply
Plutus Wealth Management bought a total of 92,50,000 shares of Greenply Industries, while HSBC Bank Mauritius Ltd A/c Jwalamukhi Investment Holdings and Westbridge Crossover Fund …
Zee Group in restructuring mode; Rahul Johri to head content, revenue
The other key changes include re-designating Punit Misra as president, content and international markets
India-Germany flights recommence under bilateral air bubble agreement: Puri
Flights between India & Germany recommence under air bubble arrangement. Lufthansa and Air India will operate 10 and seven flights, respectively, per week, said Hardeep …
Potential owners of Jet Airways are looking at a 90% plus stake, offer remnants to lenders
Neither public shareholders nor Jet’s employees, except those retained by the new owners, stand to gain anything out of the deal, experts said.
Our debt reduction plan will continue, says UltraTech Cement CFO Atul Daga
‘We expect demand from real estate to remain sluggish this fiscal due to non-availability of credit’
Cabinet clears waiver of compound interest on certain loans
The Cabinet Committee on Economic Affairs (CCEA) is believed to have approved waiver of interest on interest for the Covid-stress moratorium period f
Q2 preview: Asian Paints likely to post YoY decline in profits; quarterly earnings could improve significantly
Most brokerages expect the company’s profits to dip between 3-14 per cent from a year ago, while net sales may rise between 1.9-6 per cent.
Mid-single digit growth in India market in July-Sept quarter: Nestle
Demand for its instant noodles and coffee continued to surge
Q2 preview: Volume decline to weigh on Bajaj Auto’s profits
The key moniterables to watch out for are the company’s outlook on exports, particularly to the African continent, and the recovery trends in the Indian …