Adani Airports may be listed after achieving certain triggers: Jeet Adani
Result today | TCS likely to report single-digit growth in revenue, net profit in Q3
ALERT :: Allied Digital gets selected as Master System Integrator for Ayodhya Smart City Project
>> The capital expenditure (CAPEX) and implementation phase is anticipated to last three months, followed by a five-year operational and maintenance (O&M) phase.
Kalyani Steels zooms 20% on winning bid for Kamineni Steel & Power assets
ALERT :: Unichem Labs receives ANDA approval for its Doxazosin Tablets USP
>> The product will be commercialized from Unichem’s Goa Plant.
Institutional investments in Indian real estate fell to 5-year low in 2023
ALERT :: Indian banking system remains resilient and robust, says RBI Governor, Shaktikanta Das
>> However, we observed two or three notable points, including the evident exuberance that was building up
>> Exploring model-based lending
>> Have provided a list to the govt regarding illegal lending apps
>> RBI’s position on cryptocurrency remains unchanged. Travelling down that path will create huge risks.
>> Expanding wholesale CBDC and exploring the potential for programmable features in retail CBDC
Source: Das is speaking at Mint BFSI Summit
ALERT :: Ajmera Realty reports 98% YoY surge in Q3 sales
>> Sales Value stood at Rs 253 crore, up 98% YoY
>> Collections stood at Rs 151 crore, up 30% YoY
Source: Exchange filing
Result today | Infosys Q3 profit seen falling 7% YoY; wage hikes to erode margins
Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%
Shares of mid and small-sized jewellery companies were on a roll Thursday as they rallied up to 20 per cent on the BSE in the intraday trade amid heavy volumes on strong demand.
Bitcoin at 21-month-high as US SEC approves Bitcoin ETF from heavyweights
View: Bouts of FII, DII selling and buying keeping market range-bound
The market needs triggers to break out or breakdown from this range. A probable negative trigger can be a slightly hawkish statement from the Fed postponing the rate cuts, which the market expects to begin by March 2023.
The US CPI inflation data due tonight will provide cues regarding this.
The Q3 results season starting today with the results of TCS and Infy will provide indications of the Nifty earnings for FY24. Financials, capital goods, telecom, automobiles and hotels will post good numbers. IT results will be tepid and FMCG will be a mixed bag.
Views by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Bank of India gains 2% post Q3 update
Its total business rose 9.9 per cent YoY globally to Rs 12.76 trillion. Total deposits grew 8.66 per cent to Rs 7.10 trillion. In the domestic market, total deposits rose 7.62 per cent to Rs 6 trillion.
Aster DM Health in red as IiAS votes against resolution to sell Gulf business
IiAS has recommended an ‘against’ vote on the resolution to sell the Gulf business, saying there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues.
Phoenix Mills falls nearly 3% after Q3 business update
The company has reported 30 per cent YoY growth in gross retail collections at Rs 700 crore for the December quarter. Its total consumption jumped 24 per cent YoY to Rs 3,287 crore.
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