Image used for representative purpose only | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (November 13, 2024) amid retail inflation soaring to a 14-month high of 6.21% in October and unabated foreign fund outflows. Muted quarterly earnings and weak trends in global markets were also the spoilsport for the markets,…
Image used for representative purpose only | Photo Credit: C. Venkatachalapathy The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday (November 13, 2024), as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit. Forex traders said the…
ICICI Bank announced several updates to its credit card fees, set to begin on November 15, 2024. The changes cover finance charges, late payment fees, and additional transaction fees for education, utilities, and fuel. These adjustments come as ICICI Bank aims to streamline its charges in line with industry trends and to align with rising…
Indian markets are set for a lukewarm opening, as Nifty futures trade flat and most Asian peers decline. The silver lining is that the disappointing earnings season is drawing to a close, with beauty retailer Nykaa and Natco Pharma set to report results today. Technology stocks will be key in supporting the market, which remains…
Target: ₹325 CMP: ₹256.20 ONGC’s Q2-FY25 standalone EBITDA, at ₹18,200 crore, was slightly lower than JM Financial’s expectation of ₹18,800 crore (but in line with consensus of ₹18,200 crore) due to crude sales volume being 3 per cent below JMFe, but that was partly offset by net crude realisation being $1/bbl above JMFe at $…
What followed was nothing short of a nightmare. Within an hour, the octogenarian received calls from people posing as Central Bureau of Investigation (CBI) officers from Mumbai. They alleged that his Canara bank account had been used to launder money. Oswal did not have an account with Canara Bank, but the scamsters had details of…
Target: ₹3,100 CMP: ₹2,677.90 Doms Industries has reported another strong quarter amid a slowdown in the broader consumption space. Its Q2-FY25 revenue/EBITDA/PAT growth at 20/32/43 per cent y-o-y were ahead of BNP Paribas expectation. We raise our FY25-27E EPS by 3-5 per cent and expect Doms to double its earnings over FY24-27. Doms completed the…
Representational file image. | Photo Credit: ANI A sharp fall in the equity market made investors poorer by ₹5.29 lakh crore on Tuesday when the BSE benchmark Sensex tumbled over 800 points. A host of negative triggers — muted quarterly earnings, continuous foreign fund outflows and weak trends in Asian and European markets — dragged…
Hindalco, ONGC, Ramco Cements & Ambuja Cements Share Price Highlights; Sagility IPO Listing Today November 12, 2024: Shares of Ramco Cements closed nearly 5% higher on Tuesday as its Q2 results beat street estimates. Hindalco and ONGC shares close flat following strong Q2 performance. Sagility India stock closed 6.31% lower on the NSE at ₹29.10…
Imagine that you have planned a trip to Switzerland months ago, keeping in mind your finances, the weather of the destination, your work schedule, etc. You have booked everything for the trip, from flight tickets to hotel stays. Just before a week of the journey, you are diagnosed with dengue, and now you are forced…
