9:31am
Vodafone Idea is out of the high price range.The board will meet on April 6 to raise funds.
>> After the close of market hours on Wednesday, VIL announced that the telecom service provider will hold a board meeting on Saturday, April 6, and will issue shares or conversions worth Rs 2,075 crore to one or more promoter group entities. The company announced that it would consider issuing corporate bonds on a priority basis.
9:29am
KEC International advances by nearly 9% with orders worth Rs 816 million
>> KEC International has bagged new orders worth Rs 816 million across various businesses including civil, mining, power transmission and distribution, and cables.
9:28am
Avenue Supermart soars 4% as Q4 revenue increases 20% year over year
>> The company’s standalone operating revenue rose 19.9% ​​YoY to Rs 12,393 crore in Q4FY24.
9:26am
Fastest Growing Stocks:: Suryoday SFB expands 13% with solid 4th quarter growth
>> As at end-March 2024, the bank’s total advances reached Rs 8,650 crore, up 41% year-on-year. Meanwhile, total deposits increased by 50 per cent year-on-year to Rs 7,775 million. Loan disbursements in the reported quarter increased by 39% year-on-year to Rs 2,340 crore.
9:24am
RBL Bank breaks out of high territory, still up 2% after Q4 update
>> Deposits of financial institutions grew 22% year-on-year (y-o-y) to Rs 1.3 trillion in Q4 FY24. Meanwhile, loan advances increased by 19% year-on-year to Rs 85,640 crore.
9:02am
The brokerage firm expects Sun TV’s advertising revenue to gradually recover.
Sun Television Network’s stock price has fallen 17% from its January high due to weaker-than-expected December quarter results, a slow recovery in advertising revenue and lower profit forecasts. Brokers are positive on the stock considering its attractive valuation and expect a re-rating if the value of the IPL franchise is unlocked. read more
8:58am
Blackstone invests $2 billion annually in India, mainly focused on infrastructure
US-based private equity (PE) giant Blackstone Group, which has already invested $50 billion in India, is focusing primarily on infrastructure, data centers and logistics to help drive the country’s economy in the coming years. The plan is to inject an additional $25 billion into the read more
8:55am
Government raises windfall tax on crude oil to Rs 6,800 for fifth time since February
The Indian government announced in a notification on Wednesday that it had increased windfall taxes on petroleum crude oil from 4,900 rupees to 6,800 rupees ($81.43) per tonne starting April 4, for the fifth time since February. read more
8:52am
Alert :: HDFC Bank Posts Q4 Business Update
>> bank’s total progress As of March 31, 2024, the total amount was approximately 25.8 trillion rupees, an increase of 55.4% YoY/1.6% QoQ.
>> Domestic personal loans increased by approximately 108.9% compared to the previous year/approximately 3.7% compared to the previous year
>> Corporate and other wholesale loans (excluding non-personal loans of former HDFC Limited) increased approximately 4.1% YoY / decreased approximately 2.2% QoQ
>> bank’s deposit Cumulative total of approximately 23.8 trillion rupees as of March 31, 2024 — 26.4% YoY / 7.5% QoQ
>> Personal deposits increased by approximately 27.8% YoY/6.9% QoQ
>> bank’s CASA deposit Cumulative total of approximately 9.9 trillion rupees as of March 31, 2024 — 8.7% increase from previous year/approximately 8.8% increase from previous quarter
