Canara Bank’s performance for the March quarter met market expectations, with its net interest margin (NIM) showing a slight expansion despite a rise in the cost of funds. This was attributed to the bank’s strategic approach of gradually restructuring its exposure to older, low-yielding corporate assets. By either renewing these assets at current market rates…
Titan share price: Titan shares fell more than 7% in morning session on the BSE on Monday, May 6, after the business disclosed weaker-than-expected March quarter earnings. Titan share price began at ₹3,481.10 versus its previous close of ₹3,535.40 and declined almost 7% to ₹3,287. Titan’s share price fell 5.75 percent to ₹3,332 at 10:15…
Adani Enterprises, the flagship firm of the Adani Group, recently released its financial results for the fourth quarter of the fiscal year 2023-24. The report highlighted significant changes in net profit, revenue, operating costs, and other key metrics, shedding light on the company’s performance during this period. Net Profit Decline and Revenue Growth In Q4…
ICICI Bank Ltd, India’s second-largest private lender, witnessed a significant surge in its market capitalization, crossing the Rs 8 lakh crore milestone on Monday. This milestone was propelled by a remarkable rally in its shares, which soared over 4 percent to reach a new 52-week high of Rs 1,155.65 on the NSE. The stock’s upward…
Vedanta shares embarked on a journey marked by a steady ascent, albeit interspersed with moments of consolidation. From the onset of the year until the middle of March, the trajectory of Vedanta’s stock price was characterized by a phase of base-building, indicating a period of stability and preparation for potential upward movement. However, the narrative…
Global financial markets experienced important fluctuation on Monday due to the sudden an increase of geopolitical tensions resulting from Iran’s drone missile attack on Israel. Two generals and seven other members of the Iranian Revolutionary Guard Corps perished in the attack, which was purportedly carried out in retaliation for an earlier incident involving an Israeli…
Tesla’s Entry into India: Elon Musk, the CEO of Tesla, has made an important declaration by confirming that he will visit India later this month to meet with Prime Minister Narendra Modi. The possibility of Tesla entering the Indian market, which could drastically alter the country’s electric vehicle (EV) market, makes this visit extremely significant….
The largest IT company, Tata Consultancy Services Ltd. (TCS), is the center of attention as the IT industry prepares for the Q4 earnings season. TCS is expected to demonstrate a strong performance that is supported by multiple important factors. Notable deals closed, insights into important verticals, pricing scenarios, attrition rates, hiring strategies, and overall quarterly…
The Nifty shot to a new record high and the Sensex pushed closer to its all-time high as the Indian stock markets closed higher on April 10 amid a week of optimism and bullish momentum. A number of things contributed to the positive attitude, such as sectoral gains, stability in international markets, and the approach…
The BSE Sensex closed over the 75,000 barrier for the first time, a huge accomplishment for the Indian stock market and a turning point in the financial landscape of the nation. At 22,754, up 111 points or 0.49%, the larger NSE Nifty also finished strongly. These benchmarks are a reflection of the market’s overall bullishness,…
