Reliance Industries Q3 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday posted a marginal 0.56% year-on-year (YoY) growth in its consolidated net profit at Rs 18,645 crore in the third quarter. Revenue from operations in the same period rose 11% YoY to Rs 2.69 lakh crore.Read More
Veteran investor Madhu Kela has bought a stake in Emkay Global. This signals new interest in the financial services firm. Ace investor Dolly Khanna has trimmed her holding. Emkay Global is a diversified financial services company. Kela’s entry is watched closely. Khanna’s move seems like portfolio rebalancing. The company’s shares rose on the news.Read More
Federal Bank announced a strong third quarter with net profit climbing 9% to Rs 1041 crore. This growth was driven by increased business and core income. Net interest income and operating profit reached record highs. The bank saw a reduction in bad loans. Advances grew 11% year-on-year. Deposits also increased by 12%.Read More
Silver Touch Technologies has announced a 1:5 stock split and a 1:1 bonus issue, subject to shareholder approval. The move follows a strong rally, aiming to improve liquidity and affordability without altering shareholder value.Read More
The Fed doesn’t set mortgage rates, but when it cuts its short-term rate that can signal lower inflation or slower economic growth ahead, which can drive investors to buy U.S. government bondsRead More
The unexpected deferral raises the probability of one more round of liquidity injection by the Reserve Bank of India in the current quarter, said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership.Read More
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