“We are early in the stages of the business cycle of this country. Our corporate PAT to GDP bottomed at around 1% and it has bounced back to about 4.2%,” says Ravi Dharamshi, CIO, ValueQuest Investment.What are we starting with, the market, your investment in VARI, how banks have done well, or the fact that … Read more
Shares of Titan Company fell 3% to the day’s low of Rs 2,886 on the NSE in Thursday’s early trade after the jewellery maker reported a 2% year-on-year (YoY) decline in the June quarter net profit on Wednesday. Tata Group‘s fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 … Read more
MUMBAI – IDFC First Bank Ltd reported a 61.3% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 765 crore. Total income from operations grew 43.3% on year to Rs 8,282 crore. Net interest income, the difference between interest earned and interest expended, rose 36% YoY to Rs 3,745 crore. Operating … Read more
Union boss says issues over safe staffing is part of the ongoing debate with government, as well as fair pay. Source link
Union boss Pat Cullen urges ministers to reopen pay talks in England after her members rejected a 5% offer. Source link
NEW DELHI: After recording 31% revenue growth in FY23, Anand Rathi Wealth has given revenue guidance of Rs 661 crore, an 18% increase, and PAT guidance of Rs 205 crore, a 22% increase. “Our research says the coming year will be better for Indian equities than the year that has gone by, and therefore we … Read more
“There is a lot of value of acquiring business from Policy Bazaar and your brand also gets built. So we are able to give good volume business to somebody with brand accretion,” says Yashish Dahiya, PB Fintech.The minute I say Policy Bazaar the recall is insurance and protection but you also have a credit business … Read more
The general secretary of the nursing union has led the first nationwide strikes in the profession’s history. Source link
has downgraded ACC stock to ‘add’ for a target price of Rs 2,580 per share, after the company took a knock on its September quarter profitability by a steep 98% year on year (YoY) to almost 20-year low. This is a potential upside of 15% from the current price level. The brokerage mentioned that the … Read more
The preview analysis of the just started Q2FY23 results is subdued, both on a YoY & QoQ basis. The signs point to a potential further downgrading in India‘s corporate earnings growth outlook for FY23 & FY24. This is because the Q2 forecast reveals a flat PAT trend on a YoY basis for the Nifty50 index … Read more