Analysts believe that such high topline growth may be sustainable in the forthcoming quarter as demand continues to be strong. Q1FY27 delivered a strong earnings surprise, supported by broad-based improvement across consumption, exporters, BFSI and commodities. According to Nuvama estimates, aggregate PAT growth of BSE500 (ex-OMCs) for Q1 was very strong at 22 per…
Various countries, including the United States, enforce regulations on foreign monetary inflows, the Ministry of External Affairs (MEA) said. India on Friday responded to a remark made by a US lawmaker on the proposed Foreign Contribution (Regulation) Amendment (FCRA) Bill, stating that the matter is India’s ‘internal affair.’ Various countries including the United States, enforce…
The RBI has kept the repo rate unchanged at 5.25% while raising its FY27 growth forecast and trimming its inflation estimate. Here’s why salaried employees shouldn’t expect lower EMIs, cheaper loans or sharply lower FD rates just yet. The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25% for the…
Zepto, a quick commerce player, had received the Sebi nod for its IPO in April. Shares of Swiggy and Eternal have rallied today after reputed news channel reported on July 27 that Zepto is testing waters at an post-money IPO valuation of $3 billion from the $5 billion it was initially targeting, reinforcing investor…
During April-June this fiscal, exports increased 15.92 per cent to $129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion. India’s exports rose by 15.5 per cent to $40.41 billion in June, even as the trade deficit widened to $30.43 billion. Imports in June went up by about 31 per cent to…
Despite Wednesday’s gains, the stock continues to trade nearly 9 per cent below its IPO price, though it is about 8 per cent higher than its listing-day low on the NSE Shares of Waterways Leisure Tourism staged a sharp rebound on Wednesday, a day after a weak debut on the stock exchanges, with the…
Oman has reportedly lent its support to impose a fee on ship using the Strait of Hormuz despite the Donald Trump administration’s very public opposition to the plan, earlier proposed by Iran Oman has reportedly lent its support to impose a fee on vessels using the Strait of Hormuz despite the Donald Trump administration’s very…
An analyst said investors should remain invested instead of rushing to book profits as the Nifty has reclaimed the 24,000 mark. The benchmark indices Sensex and Nifty opened with strong gains on Monday amid optimism over a US-Iran peace deal, but gave up a part of their gains due to profit booking during the…
This comes after ICICI Pru AMC, Nippon India MF and HDFC AMC made these announcements. Moneycontrol has also exclusively reported that Kotak AMC and ABSL AMC are also in the process of announcing the same. Two more major fund houses, Axis Mutual Fund and Tata Mutual Fund, have announced temporary restrictions on fresh subscriptions in…
Tata Projects will execute construction work for three luxury residential developments by Godrej Properties along Gurugram’s Golf Course Road Godrej Properties Limited (GPL) has partnered with Tata Projects on three of its luxury projects in Gurugram, with a combined contract value of around ₹1,100 crore. Tata Projects is the engineering and construction arm…