JM Financial on Monday reported a 166 per cent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income rose to Rs 1,121 crore during the June quarter 2025-26, from Rs 1,093 … Read more
Mumbai: A change in the methodology to calculate the Price to Book (PB) ratio has led to this key valuation measure shrinking for the benchmark Nifty. The PB ratio of the Nifty on Friday dropped by nearly 20%from 4.31 on September 28 to 3.45 on September 29. Essentially, this has made Nifty’s valuations cheaper on … Read more
Raamdeo Agrawal, Chairman, Motilal Oswal Financial Services Ltd (MOFSL), in conversation with Nikunj Dalmia of ET Now. Agrawal says “if the market remains flat, obviously my return will be coming only from the operation side. But aaisa hua nahi kabhi (that has never happened). In the last eight years, my net worth has compounded at … Read more
Nusli Wadia, the chairman of the Wadia Group, a conglomerate that owns several prominent companies in India ranging from real estate, FMCG, aviation to textiles. He comes from a prominent Parsi family that has been involved in business for generations. Under his leadership, the Wadia Group has expanded its operations and grown into a major … Read more
Rafique Malik is the chairman of Metro Brands. The company has a market capitalisation of Rs 23,000 crore. Metro Brands is known for its brands such as Mochi, Walkway, Metro Shoes, Da Vinchi, and, FitFlop. Rafique Malik’s career In 1955, Metro was started as a single shoe store in Mumbai by Rafique Malik’s father Malik … Read more
The government has extended the deadline for privatisation till January 7. The government had invited bids for its sale in October. The government and together are looking to sell 60.72 per cent of IDBI Bank. The bidders were asked to submit prelimnary bids by December 16. Following that transaction advisors received requests for an extension … Read more
While the world’s democratic superpower was maintaining armslength from Narendra Modi (then Gujarat Chief Minister in 2012-13), Europe led by an European Union delegation in India was quietly engaging with the BJP leader nearly two years before the Lok Sabha elections. In fact, Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various … Read more
The central government has complete power with a clear mandate, but directives from the Centre have to be executed well at the state level. So, there are many things that are still not in Modi’s hands, says Raamdeo Agrawal, Joint Managing Director, Motilal Oswal Financial Services in an interview with Narendra Nathan and Sanket Dhanorkar. … Read more
Anand Mahindra can’t wait to get back home from the US because all the action is happening in India with a new, stable government led by Narendra Modi in place. Hours after chairing a board meeting of Mahindra & Mahindra at midnight US time, the company’s chairman and MD spoke on Saturday to Satish John … Read more
Minister of state (independent charge) for information and broadcasting, environment and climate change Prakash Javadekar has been busy sorting out the various hats he’s expected to wear in this government. He spoke to ET on the Bharatiya Janata Party government’s approach towards media, social media, media controls and much more. Edited excerpts… In terms of … Read more