Finance Minister Nirmala Sitharaman has reaffirmed the Indian government’s commitment to boosting the manufacturing sector, despite skepticism from former RBI governor Raghuram Rajan. At the Confederation of Indian Industry (CII) Annual Business Summit, Sitharaman emphasized the necessity for India to enhance the sophistication of its products and provide policy support to the manufacturing sector. She…
Narendra Ostawal, the head of investment advisory activities at Warburg Pincus in India, shares insights on the recent acquisition of Shriram Housing Finance, shedding light on the rationale, valuations, and future prospects in the financial services sector. Key Highlights: Strategic Fit: The acquisition aligns with Warburg Pincus’s belief in the growth potential of retail credit,…
The upcoming week on Dalal Street is poised for consolidation amid the Lok Sabha elections and scrutiny of US and India inflation data. Investors will closely monitor corporate earnings, primary market activities, crude oil prices, and FII/DII data for market cues. Key Highlights: Corporate Earnings: Over 200 companies, including Zomato, Bharti Airtel, and Power Finance…
State Bank of India (SBI) Quarterly Results: Key Highlights SBI’s Q4 Net Profit Surges 24% to Rs 20,698 Crore In a notable financial feat, State Bank of India (SBI), the nation’s largest lender, has reported a remarkable 24% increase in net profit, reaching Rs 20,698 crore for the quarter ending March 31, 2024. This surge…
In recent years, a significant transformation has been underway in India’s societal landscape, marking the ascent of a new breed of elite individuals. This phenomenon, often overlooked or underestimated, represents a paradigm shift in traditional power structures and social hierarchies. Reference: The Underdog Ascends: The Rise of a New Indian Elite
Renowned investor Shankar Sharma has made a significant investment in Bigbloc Construction, purchasing 3.65 lakh shares, equivalent to a 0.51% stake in the company, at an average price of Rs 235 per share. This transaction amounts to a total investment of Rs 8.57 crore. Bigbloc Construction specializes in the manufacture, sale, and marketing of AAC…
Abhishek Integrations Limited (AIL) has surged to new heights, hitting an upper circuit and achieving a 52-week high at Rs 44.85 per share, driven by significant developments in its business operations. The company recently secured new orders valued at Rs 2.70 crore from the Airport Authority of India (AAI), boosting investor confidence and propelling the…
The National Stock Exchange (NSE) has achieved a significant milestone by surpassing the $1 billion profit mark, with its consolidated profit after tax reaching over Rs 8,300 crore in the fiscal year 2023-2024. This achievement is notable considering the substantial increase in total expenses, which rose by 90 percent year-on-year to Rs 5,350 crore compared…
Dabur’s Ethylene Oxide Free Masala Products Remain Unaffected by Recent Bans Dabur India, a leading FMCG company, reassured consumers that its masala products, particularly under the Badshah brand, remain free from ethylene oxide, especially in the domestic market. This affirmation comes amidst concerns raised by recent bans on Indian spice blends, notably MDH and Everest,…
Personal finance management is a critical aspect of leading a financially secure and fulfilling life. Especially in a dynamic economy like India’s, where financial stability is essential for achieving long-term goals and aspirations. To aid you in this journey, we present the Top 10 Tips for Managing Personal Finances for Indians, crafted to empower you…
