These 20 passive mutual funds delivered over 50% returns since last Diwali
Approximately 20 passive mutual funds have delivered returns exceeding 50% since last Diwali, out of a total of 235 passive funds during this period. Here are the top 5 performers.
American multinational Citigroup sells HDFC Bank’s shares worth Rs 275 crore
On October 19, HDFC Bank reported a 6 per cent increase in the September quarter net profit to Rs 17,825.91 crore on a consolidated basis.
Sebi proposes allowing shared contact details for non-individual clients to simplify compliance
To enhance ease of compliance, Sebi on Monday proposed broadening its guidelines on shared contact details by allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address under exceptional circumstances. Currently, this exception applies only to individual clients within a family.
Federal Bank Q2 Results: Profit rises 11% to Rs 1,057 crore, NII up 15%
The total income increased to Rs 7,541 crore during the quarter under review against Rs 6,186 crore in the same quarter last year, Federal Bank said in a regulatory filing.
Tech view: Sustenance of upmove in Nifty crucial for buying interest, resistance at 24,567. How to trade tomorrow
Nifty closed with a meaningful gain after several days. It formed a high wave type candle, hinting at an upward correction. Support is at 24,073-24,135, and resistance at 24,567. Sustenance of this upmove is crucial. The highest OI on the call side is at 24,500 and 24,400 strike prices, while on the put side, it’s […]
We see large opportunities in India, will start manufacturing in US this financial year: Hitesh Doshi, Waaree
Hitesh Doshi, Chairman of Waaree Energies, highlights how ALMM is boosting Indian module manufacturing. He discusses the company’s global and domestic expansion strategies. Waaree plans to increase manufacturing capacities and backward integration. Aiming for energy security, the company is optimistic about future growth, driven by green energy initiatives and government support. Waaree remains confident in […]
V Vaidyanathan on how IDFC First Bank is growing@30% despite MFI business stress & infra loan account write-off
IDFC First Bank’s CEO, V Vaidyanathan, reveals stress in the microfinance sector due to multiple adverse events. Despite rising delinquencies, IDFC First fares better than peers. A significant write-off on an infrastructure loan is also highlighted. However, robust deposit growth and overall portfolio health indicate resilience and continued growth prospects.
PNB Q2 Results: Net profit zooms 145% YoY to Rs 4,303 crore
PNB Q2 Results: The lender earned interest income of Rs 29,875 crore in the reported quarter, reflecting a 13% increase from Rs 26,355 crore in the corresponding quarter of the previous financial year.
Ambuja Cements Q2 Results: Standalone profit falls 22% YoY to Rs 501 crore
Ambuja Cements reported a standalone net profit of Rs 501 crore for the second quarter ended September 2024, marking a 22% decline year-on-year from Rs 644 crore in the same quarter last year.
SpiceJet shares up 4% on launching 32 new flights to expand domestic, international connectivity
SpiceJet Shares Price: SpiceJet shares rose 4.2% after announcing 32 new flights for winter, enhancing connectivity. The airline aims to improve customer experience with increased frequencies and routes.