Markets climbing wall of worry
New Delhi, Oct 31 (SocialNews.XYZ) Buy on dips is the strategy that has worked well in this highly volatile market. In spite of multiple crises, risks and uncertainties, the market has been bouncing back smartly…
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El Al to stop flying over Saudi Arabia, Oman on flights to Asia
Tel Aviv, Oct 30 (SocialNews.XYZ) According to several Hebrew media reports, Israeli flag carrier El Al has decided to stop flying over Saudi Arabia and Oman on its flights to Southeast Asia, significantly lengthening their…
Petronet LNG board gives go-ahead for petrochemical plant in Gujarat
New Delhi, Oct 30 (SocialNews.XYZ) The Petronet LNG board on Monday gave the go-ahead for a Rs 20,685 crore investment plan to set up a petrochemical plant at Dahej in Gujarat, where the company has…
DLF clocks 31% jump in q2 net profit at Rs 623 crore
New Delhi, Oct 30 (SocialNews.XYZ) Real estate major DLF Ltd on Monday reported a 31 per cent jump in consolidated net profit to Rs 623 crore in the July-September quarter of the current financial year…
Oil prices fall again as Israel-Hamas conflict deepens
London, Oct 30 (SocialNews.XYZ) Oil prices on Monday fell again as there are fears that Israel’s move to expand its military operations in Gaza can lead to a regional conflict which can adversely affect the…
Nifty ends higher for second consecutive day
Mumbai, Oct 30 (SocialNews.XYZ) Nifty ended higher for the second consecutive session on Monday. At close, Nifty was up 0.49 per cent or 93.7 points at 19140.9. Volumes on the NSE were the lowest since…
Short term support, but stability still some time away
New Delhi, Oct 29 (SocialNews.XYZ) Markets have a mind of their own and they do give advance indication and warning if they plan to do the unexpected. Last week we saw markets take a severe…
Market sentiment remains cautious amid West Asia crisis
New Delhi, Oct 29 (SocialNews.XYZ) In the short-term, market sentiment remains cautious with investors closely monitoring developments in West Asia, upcoming corporate earnings, and key economic data, including domestic PMI figures to be announced, says…
Reliance Retail delivers strong performance with Rs 77,148 cr gross revenue for Q2 FY24
Mumbai, Oct 27 (SocialNews.XYZ) Reliance Retail delivered strong performance with gross revenue recorded at Rs 77,148 crore for Q2 FY24, a growth of 18.8 per cent Y-o-Y led by well-rounded growth across consumption baskets. Grocery…
RIL posts consolidated revenue of Rs 2.55L cr for Q2 FY24
Mumbai, Oct 27 (SocialNews.XYZ) Reliance Industries Limited’s (RIL) gross revenue for Q2 FY24 stood at Rs 2.55 lakh crore ($30.8 billion), up 1.2 per cent Y-o-Y, supported by continuing growth momentum in consumer businesses. Revenue…
BPCL bounces back with Rs 8,501cr profit in July-Sep quarter (Ld)
New Delhi, Oct 27 (SocialNews.XYZ) Bharat Petroleum Corporation Ltd (BPCL) on Friday reported a consolidated net profit for Q2 FY 23-24 at Rs 8,244 crore as compared to the loss of Rs 338 crore in…
Priya Nair elevated to Unilever’s leadership team
New Delhi, Oct 27 (SocialNews.XYZ) Unilever has announced changes to its Unilever Leadership Executive (ULE). India born executive Priya Nair, currently Chief Marketing Officer, Beauty & Wellbeing, has been appointed President, Beauty & Wellbeing, replacing…
Nifty snaps six-day losing streak
Mumbai, Oct 27 (SocialNews.XYZ) Nifty snapped a six-day losing streak on Friday and ended higher aided by positive global cues, said Deepak Jasani, Head of Retail Research at HDFC Securities. At close, Nifty was up…
Sentiment in Bank Nifty remains predominantly bearish, say analysts
Mumbai, Oct 27 (SocialNews.XYZ) After a consolidation breakdown on the daily chart, Bank Nifty experienced a 2,000-point correction in a short span of time, said Rupak De, Senior Technical Analyst at LKP Securities. The index…
Indian Overseas Bank posts Rs 624.34 cr PAT for Q2
Chennai, Oct 27 (SocialNews.XYZ) Public sector mortgage lender Indian Overseas Bank (IOB) on Friday said it closed the second quarter of FY24 with a 24.75 per cent growth in net profit. In a regulatory filing…
Maruti Suzuki Q2 profit vrooms to Rs 3,716.5 cr
Chennai, Oct 27 (SocialNews.XYZ) India’s largest car maker Maruti Suzuki India Ltd on Friday said it had closed the second quarter of FY24 with an after tax profit of Rs 3,716.5 crore. In a regulatory…
Bajaj Finserv Q2 PAT at Rs 754 cr
Chennai, Oct 27 (SocialNews.XYZ) Bajaj Finserv Ltd — the holding company for the Bajaj group’s financial services companies — on Friday said it had logged an after tax profit of Rs 754.34 crore for the…
After six days of losses, market appears to be oversold, say analysts
New Delhi, Oct 27 (SocialNews.XYZ) After six continuous days of losses triggered by the elevated bond yields in the US and tensions in West Asia, the market appears to be oversold, says V.K. Vijayakumar, Chief…
DHFL fraud: ED attaches assets worth Rs 70 cr of Wadhawan brothers
New Delhi, Oct 26 (SocialNews.XYZ) The Enforcement Directorate (ED) has attached assets worth Rs 70.39 crore belonging to Kapil Wadhawan and Dheeraj Wadhawan in connection with the DHFL fraud case. The ED said in a…
Reliance Foundation has reached out to 70 mn people in India: Nita Ambani
New Delhi, Oct 26 (SocialNews.XYZ) Reliance Foundation has reached out to 70 million people in India and it is present in all the states of the country, Nita Mukesh Ambani said in an interview. “For…