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Showing posts with the label Stocks-Markets-Economic Times

Sebi slaps Rs 7.4-crore fine on 5 Zee Business guest experts, 10 others

The fine was slapped for unlawful trades done by some of them based on the recommendations given by the experts when they appeared on Zee Business news channel between February and December 2022. from Stocks-Markets-Economic Times https://ift.tt/cXUMoWg

Sebi mulls relaxation in timelines for FPIs' material change disclosures

In its consultation paper, Sebi proposed categorising material changes notified by FPIs into two groups to set timelines for reporting such changes. Type I includes changes that require FPIs to seek fresh registration, or which affect any privileges or exemption available to such foreign investors and Type II includes all other material changes. from Stocks-Markets-Economic Times https://ift.tt/aRgHPVe

JB Pharma Q3 Results: Net profit jumps 26% to Rs 134 crore

The drug maker had reported a net profit of Rs 106 crore in the year-ago period. Revenue for the quarter rose 7% YoY to Rs 845 crore The Mumbai-based company reported operating earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 235 crore, up from Rs 193 crore in the year-ago period. from Stocks-Markets-Economic Times https://ift.tt/ZBmCHMR

China tightens trading restrictions for domestic and offshore investors

In a statement Monday, the China Securities Regulatory Commission said it recently discovered multiple cases of stock market manipulation and “malicious short selling.” The regulator vowed to act quickly to stop illegal behavior that hinders stable stock market operations and hurts investors. from Stocks-Markets-Economic Times https://ift.tt/7ScMn4f

UPL Q3 Results: Co posts loss of Rs 1,217 crore against profit a year ago

The company's net profit stood at Rs 1,087 crore during the corresponding quarter of the previous financial year, the company said in a regulatory filing. Its revenue from operations declined 27.72% to Rs 9,887 crore in the quarter under review from Rs 13,679 crore a year ago. from Stocks-Markets-Economic Times https://ift.tt/MdN03Vr

LIC Housing Finance Q3 Results: Net profit jumps over two-fold YoY to Rs 1,163 crore

Net profit margin, which is a ratio of net profit to total revenue, improved to 18.1% from 10.52% over the same period. The gross non-performing assets ratio fell to 4.26% at the end of December from 4.76% a year back. Net NPA stood at 2.24% against 2.4%. from Stocks-Markets-Economic Times https://ift.tt/JvMwARZ

London stocks slip after BoE stands pat on rates

The blue-chip FTSE 100 was down 0.1%, but was up as much as 0.6% before the central bank's decision. British government bond yields rose and the pound cut some of its earlier losses. from Stocks-Markets-Economic Times https://ift.tt/2TAkq9W

Dixon Technologies Q3 Results: Net profit soars 86% YoY to Rs 97 crore

The company’s revenue from mobile phone manufacturing grew a sharp 251% on-year to Rs 3214 crore in the quarter ended December 2023, from Rs 915 crore a year before. Operating profit in this segment surged 215% on-year to Rs 104 crore, with an operating profit margin of 3.2%. from Stocks-Markets-Economic Times https://ift.tt/d27nXLJ

Mahindra Finance Q3 Results: Net profit declines 12% YoY to Rs 553 crore

On a consolidated basis, the company's net income declined 6% to Rs 623 crore from Rs 664 crore and the total income rose 23% to Rs 4,137 crore. Last year, the write-back provision was higher, and given the improving asset quality, there wasn't much benefit this time. from Stocks-Markets-Economic Times https://ift.tt/0QtirjC

Vodafone Idea Q3 Results: Net loss narrows to Rs 6,989 crore on lower finance and operational costs

Operating income stood at an 11-quarter high, backed by growth in its 4G user base for the 10th straight three-month period, with average revenue per user (ARPU) – a key operational metric - rising 2.1% sequentially to Rs145. Arpu was mainly helped by “change in entry level plan and subscriber upgrades", Vi said in its earnings statement Monday. from Stocks-Markets-Economic Times https://ift.tt/wQgd6Ca

Brokers divided over Sebi proposal to extend trading hours

The chief of the Securities and Exchange Board of India(Sebi) on Monday said there are many divergent and diverse views right now, even among the broking community. Last year in September, the National Stock Exchange had submitted a proposal to Sebi to allow an evening session, between 6 pm and 9pm, when market participants can continue trading futures and options contracts after the regular session, between 9.15 am and 3.30 pm, is over. from Stocks-Markets-Economic Times https://ift.tt/5Zr6UEi

Shriram Finance Q3 Results: Net profit rises 4% YoY to Rs 1,874 crore

The company’s assets under management increased 21% to Rs 2.14 lakh crore due to over 30% growth in loans in the passenger vehicle, MSME and gold loan segments which helped increased the net interest income (NII) by 17% to Rs 5,275 crore in December 2023. from Stocks-Markets-Economic Times https://ift.tt/U7q0P14

Sebi extends deadline for listed cos to confirm or deny market rumours

The regulators stated that the decision to extend the timeline for implementing LODR rules has been taken due to ongoing industry-standard finalisation and required amendments to market norms. The rule is aimed at strengthening the corporate governance of listed entities. from Stocks-Markets-Economic Times https://ift.tt/H1b52k3

Birlasoft Q3 Results: Co back in black, posts Rs 161 crore profit

The revenue from operations of Birlasoft grew by about 10% to Rs 1,342.5 crore in the December 2023 quarter from Rs 1,221.89 crore in the December 2022 quarter. The headcount of the company slightly increased to 12,356 during the December 2023 quarter from 12,322 in the previous quarter, with the attrition rate falling to 12.6 per cent during the reported quarter. from Stocks-Markets-Economic Times https://ift.tt/QymJ6Ai

ET Market Watch: 6 reasons why Sensex crashed over 1,000 pts today

from Stocks-Markets-Economic Times https://ift.tt/r6iRlMf

CESC Q3 Results: Net profit falls 10% to Rs 301 cr; Rs 4.5/share dividend declared

The total expenses rose to Rs 3,497 crore in the quarter under review from Rs 3,141 crore in the year-ago period. The company's total income rose to Rs 3,301 crore in the quarter against Rs 3,224 crore a year ago. from Stocks-Markets-Economic Times https://ift.tt/7zgOUj2

Sebi looking into against inflating IPO subscriptions: Buch

A mule account is basically a trading account maintained with a stock broker or a dematerialized account or bank account linked with such trading account in the name of a person, where the account is effectively controlled by another person, whether or not the consideration for transactions in the account are paid by such other person. from Stocks-Markets-Economic Times https://ift.tt/bpwzL0i

Tata Communications Q3 Results: Company posts fastest quarterly revenue growth in 9 years

Shares of the company closed 4.3% higher after the results. They fell 8.4% in the December-quarter after rising for two straight quarters. from Stocks-Markets-Economic Times https://ift.tt/Hp3dwMG

ET Explainer: How to avoid falling into a credit card debt trap

Credit cards can be used to pay bills and for shopping both online and offline provided the total payment is within the credit limit provided by the issuer. Credit card issuers offer interest-free credit periods ranging from 20 to 50 days. It is typically the period between the date of your purchase and the next payment due date. from Stocks-Markets-Economic Times https://ift.tt/NWonyYH

TV18 Broadcast Q3 Results: Company reports loss of Rs 55.8 cr, revenue drops 5.2% to Rs 1,676.2 cr

TV18 Broadcast had posted a net profit of Rs 37.81 crore in the October-December period of the preceding fiscal, the company said in a regulatory filing. TV18 Broadcast's total expenses were up 5.2% to Rs 1,907.28 crore in the December quarter. from Stocks-Markets-Economic Times https://ift.tt/P3FgB8G