Breaking news: ITC shares fell 4% after hotel demerger news. Jefferies and other leading financial firms have weighed in to explain why. Read our blog post for more information!
The decision to demerge the hotels division into a wholly-owned subsidiary is indeed a significant move for ITC. It can potentially unlock value for the company and its shareholders by creating a separate entity dedicated to the hotel business, which may attract specific investors and strategic partnerships. Such a move can also lead to a […]
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Canara Bank’s Q1 results are in and we’re thrilled to announce a 75% surge in profit to Rs 3,535 crore! Our Net Interest Margin (NIM) also stands strong at 3.05%.
The financial results reported by Canara Bank for the June quarter indicate a robust performance with significant growth in net profit and net interest income. Here are the key highlights: The positive financial results demonstrate Canara Bank’s improved performance during the June quarter, contributing to higher profitability and a positive outlook.
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TVS Motor’s Q1 FY24 results are in and we’re thrilled to announce a 46% increase in net profit to Rs 468 crore, with revenue up 20%!Our commitment to innovation and customer satisfaction continues to drive our success.
The 46% year-on-year rise in net profit for the June 2023 quarter (Q1 FY24) reflects strong financial performance and profitability. Here are the key highlights: This growth in net profit indicates that the company has been able to improve its operational efficiency, increase sales and revenue, or implement cost-cutting measures effectively. TVS Motor said posted […]
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Breaking news! IDBI Bank’s Q1 net profit has surged by 62%, leading to a significant boost in its stock value.Our commitment to delivering exceptional financial services continues to yield positive results.
The 2% rise in shares indicates a positive market response to the 62% increase in consolidated profit for the quarter ended June 2023. The reported net profit of Rs 1224 crore in Q1 is a substantial improvement compared to the Rs 756 crore profit in the same period of the previous fiscal year. This growth […]
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JFS demerger sends shockwaves through the market as RIL shares witness a staggering loss of Rs 1 lakh crore in market capitalization within just 2 days. A significant corporate action that has left investors and analysts alike reeling.
Shares of Reliance Industries Limited (RIL) have witnessed a significant decline in market capitalization (m-cap) since the demerger of its financial services business into Reliance Strategic Investments (to be renamed as Jio Financial Services or JFS). The decline in m-cap reflects a decrease in the overall market value of the company’s outstanding shares. As of […]
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Despite being one of India’s most valuable companies, Reliance Industries saw a dip in its shares by over 2% in early trade. But why? We’ve got the explanation. Stay informed and stay ahead.
Reliance Industries Limited (RIL) experienced a sharp decline in early trade, falling over 2 per cent. The company’s shares were trading at Rs 2,486.90 per share. This decline in RIL’s shares has cast a shadow on the broader market sentiment, as the stock is considered a heavyweight in the Indian market and has a significant […]
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The Sensex and Nifty have opened flat today, with Reliance shares falling over 2%. Stay tuned for more updates on the market trends.
As of the market opening on Monday, benchmark stock market indices in India opened flat with a slight negative bias. The cautious sentiment was influenced by a decline of over 2 per cent in the shares of heavyweight company Reliance Industries Limited (RIL) in early trade. The previous trading session had seen a sharp fall […]
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Reliance Jio’s Q1 results are in and the numbers are impressive! The net profit has jumped over 12% to Rs 4,863 crore.
Reliance Jio Infocomm, the telecom arm of Reliance Industries Limited (RIL), reported a robust performance in the first quarter, with a significant rise in net profit. The company’s net profit increased by 12.2% to reach Rs 4,863 crore. The rise in net profit can be attributed to the addition of more subscribers to Jio’s network. […]
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Attention Investors: Take a look at the Q1 results of Tata Steel and get insights into Europe’s weight on the performance, analyst views, share price targets & more.
Tata Steel, a major steel producer, is expected to report a significant year-on-year (YoY) drop in its profit for the June quarter. Analysts estimate that the profit could decline by up to 95% compared to the same period the previous year. This decline is likely to be driven by several factors: The steel industry, like […]
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