Today, January 17, Jio Financial Services, the non-banking finance business (NBFC) that is owned by billionaire Mukesh Ambani, will make its Q3 results for FY25 public. Although Jio Finance’s stock has dropped more than 17% in the last month, it stayed unchanged ahead of the results report. But the stock has increased by 15% in…
Axis Bank’s share price fell more than 5% to a 52-week low during intraday trading on Friday, January 17, after the private sector lender’s third-quarter (Q3FY25) earnings fell short of Street forecasts. The bank recorded a 3.83 percent YoY growth in net profit for the December quarter at ₹6,304 crore, compared to ₹6,071 crore in…
On Wednesday, the Chinese central bank increased liquidity support in the face of a cash crunch brought on by the approaching new year holiday by pumping an almost record amount of short-term funds into the banking system. The People’s Bank of China used seven-day reverse repurchase agreements to inject a net 958.4 billion yuan (HK$1018…
The world economy is tense following Donald Trump’s reelection as the 47th President of the United States. It’s unlikely that India will be immune either. How will decision-makers respond to this most recent obstacle? According to a State Bank of India (SBI) research released on Tuesday, the Indian rupee may see some volatility in the…
Aditya Birla Fashion and Retail (ABFRL) announced that its board has authorized the offering of equity shares through qualified institutions placement (QIP) up to Rs 2,500 crore and up to Rs 2,379 crore in preferential issuance. Pilani Investment and Industries Corporation will get 4,08,72,580 equity shares from the business at a preferential issue price of…
On Thursday, January 16, Adani Group stocks jumped as much as 9% when Hindenburg Research, a US research firm notorious for its short-selling practices, was shut down. Adani Green Energy’s shares surged 8.8% to Rs 1,126.80, while Adani Power’s shares surged 9% to the day’s high of Rs 599.90 on the BSE. Adani Total Gas…
HDFC Asset Management Company’s shares rose in trade on January 15, after the AMC reported a significant 31 percent increase in profit profit for the October-December quarter (Q3) of fiscal year 2025 (FY25). HDFC AMC posted a net profit of Rs 641 crore in the third quarter, up 31%. The company’s operating revenue increased 39…
On Thursday, January 16, the National Stock Exchange (NSE) prohibited trading in nine equities in the futures and options (F&O) segment because they were over 95% of the market-wide position limit (MWPL). These equities will, nevertheless, be traded on the cash market. The list of securities in the F&O ban for trade is updated daily…
The shares of Indian Overseas Bank (IOB) fell 9% on Wednesday amid a spike in trade volumes, reaching an intraday low of Rs 49.23 on the BSE and a total traded value of Rs 38.96 crore at about 9:35 am on the NSE. Based on NSE statistics, the stock’s total market capitalization was Rs 94,455.35…
IT giant Infosys reported its fiscal third-quarter profits on Thursday, showing a profit of Rs 6806 crore, an increase of 11.46 percent year over year. In the third quarter of FY24, the company’s operating revenue was Rs 41,764 crore, up 7.58 percent from Rs 38,821 crore. A CNBC TV18 survey predicted that Infosys will report…