In today’s dynamic financial landscape, staying ahead of the curve is paramount. That’s why considering investing in an AI-based (Artificial Intelligence) mutual fund could be a game-changer for your investment portfolio. As AI continues to revolutionize industries across…
Continue reading...Reliance Infra Q2 net profit slips 16.44% to Rs 346 cr
Reliance Infrastructure ‘s second quarter standalone net profit fell 16.44 percent year-on-year to Rs 346 crore on lower revenues. Standalone total income from operations dropped 19 percent Y-o-Y to Rs 2,832 crore in three-month period ended September 2013, dented by EPC and contrac…
Continue reading...India’s Reliance Industries Q1 profit up 19%
MUMBAI, Maharashtra (AFP) – Reliance Industries, India’s largest private firm, on Friday reported a 19 percent rise in quarterly net profit, beating estimates as better margins from refining offset lower natural gas output. The energy giant, controlled by India’s wealthies…
Continue reading...Maruti in top gear with 80% surge in net profit
Despite a slowdown in the domestic automobile industry, Maruti Suzuki India Limited (MSIL) recorded its highest-ever quarterly profit of Rs 1,147.5 crore for the quarter ended March. Before this, its highest quarterly profit was Rs 688 crore, recorded in the third quarter of 2009-10. Fo…
Continue reading...Street sees Tata Steel profits doubling in FY14
Higher volumes, led by recent expansion, cost rationalisation and better realisations from domestic operations, to aid revival With metal prices low and demand sluggish, talk of a revival in the fortunes of a steel behemoth such as Tata Steel may seem far-fetched. However, the Street be…
Continue reading...Rakesh Jhunjhunwala bets big on ‘Dark Horse’ Geometric Ltd
MUMBAI: A stone’s throw from the Mumbai headquarters of India’s largest software exporter Tata Consultancy ServicesBSE -2.23 % is the office of the CEO of Geometric LtdBSE -1.65 %, on which maverick investor Rakesh Jhunjhunwala is betting big, for reasons clear only to him. …
Continue reading...United Spirits jumps 35% on Stake sale to Diageo
Uited Spirits posted its biggest single-day share gain since at least 1995 on Monday after its stake sale to Diageo spurred upgrades from several analysts, who called the deal “transformational” and a “game changer” for the Indian liquor maker. Morgan Stanley, J.P…
Continue reading...HDFC Q2 net up 19% at Rs 1,151 cr
Mortgage firm HDFC today reported 19% increase in net profit at Rs 1,151.12 crore for the second quarter ended September 30. Housing Development Finance Corporation (HDFC) had posted net profit of Rs 970.70 crore for the July-September quarter of the previous fiscal. The company’s…
Continue reading...Sun TV plunges on CBI raid reports
Sun TV Network has plunged almost 10% to Rs 235 in opening deals on reports that the Central Bureau of Investigation (CBI) filed an FIR against former telecom minister Dayanidhi Maran, his brother Kalanidhi Maran and two others in connection with the controversial Aircel-Maxis deal. Foll…
Continue reading...MOIL to replace Koutons in BSE 500
The Bombay Stock Exchange said on Monday it has added MOIL Ltd and Jubilant Lifesciences to the BSE-500 index while removing Gati Ltd and Koutons. It has removed 12 companies from the BSE Mid-Cap index and added 22 companies to it including SKS Microfinance, A2Z Maintenance and ABG Shipy…
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