Have you run into huge credit card debt and don’t know what to do ? Well, paying off credit card debt should be a top priority due to its high-interest rates that can quickly accumulate and make repayment more challenging. Here are a few steps that may help:- Establish a Budget Begin by creating a […]
Raymod has struck a deal with Godrej Consumer Products on Thursday selling its brands like KS, Kamasutra and Park Avenue deodorants in a Rs 2825-crore deal. “I have managed to kill three birds with one stone,” said Gautam Singhania after the deal. The deal transfers brands such as KS, Kamasutra, and Park Avenue deodorants from […]
IDFC First Bank reported on April 29, a 134% increase in its standalone net profit for the quarter ending March (Q4 FY23), which was Rs 343 crores in the previous quarter. Net profit jumped 32.7% on a quarter-on-quarter basis. The bank’s net interest income grew by 35% YoY to Rs 3,597 crore, up from Rs […]
RBL Bank, a private sector lender, registered a YoY increase of 37% in its net profit for the quarter ended March 31, 2023. The PAT grew 30% quarter-on-quarter. The bank’s interest income grew by a single digit, but its provisions dropped sharply. The bank’s asset quality has continued to improve. Net interest income (NII), which […]
Hindustan Unilever Limited announced a standalone net profit of Rs 2,552 crores for the March quarter in FY23 – representing an increase of 9.66% year over year from Rs 2,327 billions during this same quarter in FY22. FMCG giant Unilever reported its total revenue was Rs 15,053 Crore in Q3 2017-18, representing an increase of […]
Zomato shares have seen consistent gains for three days following an unprecedented block deal which saw 1.5 crore shares or 0.2 percent of equity worth Rs 88.2 cr exchange hands at an average share price of Rs.59.1. Zomato stock closed at Rs 64.50 each for an increase of 6.26 percent; monthly gains stood at 25.85 […]
LTIMindtree, an IT service provider, experienced revenue increase of 22% YoY to Rs 7,128 Crore and 12 percent year-on-year increase to Rs 8,586 Crore while their consolidated profit remained consistent at Rs 1,114 crore versus Q4FY22 at Rs 1,108 crore. Due to delays in decision-making and an increase in pass-through revenues, we anticipate flat revenue […]
Indian renewable energy sector has become an attractive investment option due to rising environmental concerns, government support and substantial investments. Major industry players are working toward meeting India’s goal of 500 GW installed capacity by 2030 by expanding assets and capacities, according to the Union Budget for 2023-2024 which allocated Rs 10,222 cr for this […]
RVNL shares experienced a 20% surge, hitting an intraday trading high of Rs 105 on Tuesday at the National Stock Exchange (NSE), after state ownership transferees transferred 12% of equity holdings in this state-owned firm. RVNL stock has seen a 37% surge since April 21, 2023 – when its share price stood at Rs 76.90 […]
According to economists polled by Reuters, the United States Federal Reserve (Fed) will increase interest rates by a total of 25 basis points (bps) in May and then leave them unchanged for the rest of 2023. The survey also indicated that a brief and weak recession this year was expected. Markets have been supported by […]
