IIFL Finance Ltd, a diversified non-banking financial company (NBFC) in India, provides a range of financial services through its subsidiaries. It offers various products including gold loans, business loans, home loans, microfinance, capital market finance, construction finance, etc. It is a listed company with a market cap of Rs.17,539 Cr. Additionally, it is among the …
The Tata Group Company reported its fourth-quarter results on Tuesday, April 23 reporting a drop of about 22.5% in net profit to Rs.267.7 crores which is below estimates. Though there is a rise in revenue. Breakdown of Results Tata Consumer Products in the fourth quarter has reported a rise of 8.5% in its revenue from …
On Wednesday, the benchmark indices were trading in the green with the Sensex up around 270 points or 0.36% at 74,008, while the Nifty-50 was up around 71 points or 0.31% at 22,439. About 2,204 shares have advanced; 814 declined and 115 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Dr. Reddy’s Laboratories Ltd., a leading pharmaceutical company, announced a voluntary nationwide recall of six (6) specific lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg. This recall is due to powder discolouration observed in some packets, which could decrease the medication’s potency. Cause of the Recall The issue with powder discolouration was discovered …
Nifty Performance on Tuesday On Tuesday, the Nifty index formed an “open=high” candle, indicating that the day’s opening price was almost the same as the day’s high. Despite an initial surge, profit-taking at higher levels led to the index closing approximately 80 points below its peak. However, it ended the day with modest gains of …
On April 23, 2024, Nifty 50 and Sensex rose 0.14% and 0.12% to 22,368 and 73,738, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹3,044 crore, while domestic investors bought shares worth ₹2,918 crore. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty FMCG, Nifty Consumer Durables and Nifty Media closed in …
ArcelorMittal Nippon Steel India Ltd., a joint venture between global steel giants, is in discussions with banks to secure approximately Rs 8,336.72 crores or USD 1 billion in funding, sources familiar with the matter revealed. The proposed loan, aimed at financing the company’s expansion, would mark the largest rupee-denominated loan in India this year if …
On Tuesday, the market saw its third consecutive session of gains but closed below its peak levels. The Sensex recorded a marginal increase of 0.12%, reaching a closing level of 73,738.46, while the Nifty also saw a gain of 0.14%, closing at 22,368. The Volatility Index experienced a significant slide of 20%, marking its largest …
On Tuesday, the broader markets outperformed the frontline indices, with the Nifty Small-cap gaining 1.23% and the Nifty Mid-cap adding over 1%. The market sentiment was upbeat, as indicated by the healthy market breadth: 1,324 stocks advanced, while 779 stocks declined. Amidst this buoyancy, one stock stood out by hitting its upper circuit limit of …
On April 23, 2024, the company announced that it has secured new works of ₹23,500 crore in FY2024 on a consolidated basis and ₹18,400 crore on a standalone basis, against ₹6,700 Crore (Consolidated basis) and ₹4,225 Crore (Standalone basis) in FY2023. Secured Businesses in FY2024 NBCC secured additional FAR works in Amrapali worth ~₹10,000 crore. …
