On Thursday, all eyes were on the newest listed stock on the bourses i.e., Mankind Pharma as it continues to make headlines. The unpredictability of its movements had investors both thrilled and nervous, as they eagerly await the next twist in its story. It was a rollercoaster of a day for investors of Mankind …
Balu Forge Ltd has recently announced its quarterly and annual results for the year ended March 31, 2023. In terms of the quarterly results (Q4FY23), the company witnessed significant growth across various metrics. The revenue from operations amounted to Rs 123.78 crore, indicating a substantial increase of 50.42% quarter-on-quarter (QoQ). The Profit Before Depreciation and …
The Issue of HDFC Weightage HDFC and HDFC Bank have been in the news for some time now in relation to their merger into HDFC Bank which is slated to take place in June-July. However, the deal that was expected to bring about financial prosperity seems to be having a hiccup this week. The Morgan …
What can be viewed as a 21st century ‘gold rush’, multiple dips in the stock market in the last few years have caused investors to run towards gold as a safe investment avenue again and again. Be it the 2020 covid crash, the Russian invasion of Ukraine or the recent collapse of the Silicon Valley …
MCX has launched natural gas mini futures contracts. These will be available for trading from March 14, 2023. Initially, contracts expiring in April and May will be available for trading. Going forward, contracts for the subsequent months with 3 months expiry will become available on the exchange. The minis will be available for 250 MMBtu …
The Multi-Commodity Exchange (MCX) of India has introduced Crude Oil Minis from March 3, 2023. These are small-size contracts with smaller minimum lot sizes (in the case of crude mini, 10 barrels/lot) to encourage smaller traders and dealers to trade in these goods or hedge against market volatilities more effectively. Crude Oil Minis were discontinued …
The Multi-Commodity Exchange of India has introduced the Aluminium Mini, Lead Mini and Zinc Mini futures contracts. These futures contracts will basically have a much smaller minimum lot size value in order to enable smaller traders and industries to either trade these goods or hedge their supplies of these goods respectively. Launch dates of the …
Uttar Pradesh is the most populous state of India – if UP lags behind in any socio-economic indicator, India cannot fare too well in that indicator either. Therefore, it is imperative that there is adequate capital coming in to both give assistance to the UP economy as well as to enable establishment of enterprises and …
Live Update: During the live updates of the Reserve Bank of India’s monetary policy for 2023, the governor, Shaktikanta Das, gave a speech in which he stated that although inflation is predicted to decrease in the next fiscal year, it may still exceed the target of 4%. He also indicated that additional monetary policy measures …
Hindenburg report led to a sharp decline in Adani shares The Hindenburg report – the rippling effects it caused led Adani Enterprises to call off ₹20,000 crores FPO. Adani Enterprises stocks suffered a massive loss of 28.45% on February 1, 2023, closing at ₹2,128.70. Following the event, Adani Group announced to call off their ₹20,000 …
