Siemens records 49.8% jump in Q4 FY23 net profit at Rs 572 crore
New Delhi, Nov 28 (SocialNews.XYZ) Siemens Ltd recorded a 49.8 per cent jump in net profit to Rs 571.6 crore for Q4 of FY23, up from Rs 381.7 crore in the same quarter of the…
Market
HSBC facing a ‘hit’ of over £6.3 bn as a result of unsecured commercial property loans into China: Report
London, Nov 28 (SocialNews.XYZ) HSBC is facing a “hit” of more than £6.3 billion as a result of unsecured commercial property loans into China, a UK-based tax consultant has warned, a media report said. Payments…
PCBL to acquire Aquapharm Chemicals for Rs 3800 crore
New Delhi, Nov 28 (SocialNews.XYZ) The Board of Directors of PCBL Limited has approved the acquisition of 2,12,172 shares of Aquapharm Chemicals Private Limited (ACPL), for an aggregate consideration of Rs 3,800 crores representing 100…
Benefits of input costs that lifted earnings despite muted revenue largely over
New Delhi, Nov 28 (SocialNews.XYZ) Q2FY24 earnings season saw an overall in-line performance, with wide divergences across sectors and companies. HDFC Securities said in a note that the key theme of the quarter was the…
Domestic equities positive after S&P raises India’s forecast
Mumbai, Nov 28 (SocialNews.XYZ) Domestic equities were positive on Tuesday despite mixed global cues, after global rating agency S&P raised India’s GDP growth forecast for FY24 by 40 bps to 6.4 per cent, said Siddhartha…
World’s first 100% SAF flight powered by Rolls-Royce ‘Flight 100’ takes off from London for NYC
New Delhi, Nov 28 (SocialNews.XYZ) Rolls-Royce ‘Flight 100’ — which is world’s first 100 per cent Sustainable Aviation Fuel (SAF) flight — took off from London Heathrow airport to New York, JFK on Tuesday. The…
Govt to launch first ever auction of critical mineral blocks for mining on Nov 29
New Delhi, Nov 28 (SocialNews.XYZ) The Centre will launch the first tranche auction of critical and strategic minerals on November 29, the Ministry of Mines announced on Tuesday. “As many as 20 blocks of critical…
AMD’s largest design centre in India proves global firms’ confidence in us: IT Minister
Bengaluru, Nov 28 (SocialNews.XYZ) The unveiling of chip-maker AMD’s largest global design centre in India, that plans to host approximately 3,000 engineers in coming years, is a testament to the confidence global companies have in…
US stocks dip slightly after Black Friday sales top a record $9.8 bn (Ld)
Washington, Nov 27 (SocialNews.XYZ) Black Friday sales topped a whopping $9.8 billion across the country, edging US stocks to slide slightly lower on Monday as investors digested the retail sales results, which were mostly online….
Gold prices rise to six-month high
Mumbai, Nov 27 (SocialNews.XYZ) Gold prices rose past a six-month high in the global market on Monday, as a weaker dollar and expectations of a pause in US interest rate hikes increased demand for the…
Chinese firms suffer shrinking profits
New Delhi, Nov 27 (SocialNews.XYZ) China’s industrial enterprises continued to be hammered by shrinking profits even as Beijing reiterated that the economy is on track to reach its growth target for the year, media reports…
Mines Ministry to hold meeting on critical minerals with foreign envoys on Nov 29
New Delhi, Nov 27 (SocialNews.XYZ) Ministry of Mines is organising an outreach programme on the “Role of the Government and Industry in Driving the Global Action of Critical Minerals” on November 29 at Bharat Mandapam…
Many smallcap funds holding huge quantum of largecap stocks
New Delhi, Nov 27 (SocialNews.XYZ) Besides cash, many smallcap schemes are holding huge quantum of largecap stocks. The deployment into largecap stocks by smallcap funds began from May 2022 and continues to expand, showcasing the…
Eventful week but one where markets would remain range bound
New Delhi, Nov 26 (SocialNews.XYZ) The week gone by could be dedicated as a special IPO week as we had five issues opening and closing for subscription. They consisted of one PSU and four private…
Big market for NPOs to raise funds
New Delhi, Nov 26 (SocialNews.XYZ) Change in nomenclature from ‘social auditor’ to ‘social impact assessor’ is not just replacement of words but overall change in the way of working of NPO. It’s not just about…
Govt makes phased blending of compressed bio-gas with CNG, PNG mandatory
New Delhi, Nov 25 (SocialNews.XYZ) The National Biofuels Coordination Committee chaired by the Union Petroleum Minister has announced the introduction of phase-wise mandatory blending of Compressed Bio-Gas (CBG) in CNG (transport) and PNG (domestic cooking)…
Nifty stuck in a narrow range amid tug of war between bulls and bears
Mumbai, Nov 24 (SocialNews.XYZ) Nifty closed in a narrow 29-point closing range over the last four days (19,783-19,812), which shows a tug of war between the bulls and bears, Deepak Jasani, Head Retail Research at…
FY24 to be blockbuster year for oil marketing companies with strong dividends
New Delhi, Nov 24 (SocialNews.XYZ) FY24 is turning out to be the best year in terms of earnings for oil marketing companies despite the upcoming general elections. “We raise our earnings estimates by 8-50 per…
New India Assurance stock zooms 17%
New Delhi, Nov 24 (SocialNews.XYZ) PSU insurance companies stocks are zooming on Friday with New India Assurance up a massive 17 per cent. New India Assurance is up 17 per cent at Rs 204. General…
Banks should fortify cyber security as fraud cases rise: RBI
Mumbai, Nov 23 (SocialNews.XYZ) The RBI on Thursday said that the banks should focus on fortifying cyber security and prevention of cyber frauds to safeguard their customers from rising incidents of fraud and data breaches….