Mazagon Dock Shipbuilders announced impressive March quarter results. Net profit surged by nearly 42 percent year-on-year. This growth was driven by increased execution in shipbuilding and submarine projects. Revenue from operations also saw a healthy 16 percent rise. The company’s board recommended a final dividend of Rs 4.62 per share for the financial year ended March 2026.Read More
Hindustan Laboratories has received Sebi’s observations, a crucial step towards its IPO, which includes a fresh issue and an offer for sale. The company plans to use the proceeds for working capital and general corporate needs. RK Steel Manufacturing also received regulatory approval for its issue.Read More
The Indian stock market saw a dip on Thursday with the Sensex falling. However, this did not stop four stocks from the BSE 200 index from reaching their highest levels in a year. These companies, including Lloyds Metals & Energy and Hitachi Energy India, showed strong upward movement.Read More
New Fed Chair Kevin Warsh inherits a divided Federal Reserve. Four voters dissented on the latest policy, the largest split since 1992. Rising oil prices and inflation create a complex economic landscape. Warsh aims for more open debate at the Fed. His leadership begins amidst significant monetary policy challenges.Read More
Sebi has introduced a fast-track mechanism for Alternative Investment Funds (AIFs), allowing non-LVF schemes to launch in just 30 days after application. This streamlines fund launches and accelerates capital deployment. Earlier, Sebi also simplified the accredited investor framework, easing operational bottlenecks for AIFs while maintaining prudential safeguards.Read More
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