Zomato, Reliance Infrastructure, CSB Bank, REC among 148 stocks that hit 52-week highs; 15 touch 52-week lows
Benchmark indices NSE Nifty 50 and BSE Sensex were trading in the green zone on Monday. The NSE Nifty 50 rose 39.45 points or 0.20% to 19,556.45 and BSE Sensex gained 135.39 points or 0.21% to 65,856.64. In sectoral indices, Bank Nifty rose 51.40 points or 0.11% to 44,930.90, Nifty Auto gained 0.27%, Nifty IT jumped 0.69% while Nifty FMCG fell 0.15%. Zomato, HDFC Bank, Mahindra & Mahindra, State Bank of India, Indian Railway Finance Corporation, ICICI Bank, Paytm, Adani Green Energy, Rural Electrification Corporation, Yatharth, Adani Enterprises, and Dixon Technologies were among the most active stocks on the NSE.
India Cements posts Q1 loss at Rs 73.58 crore on higher raw material costs, revenue down 5.1%
India Cements on Monday posted its fiscal quarter earnings wherein it clocked a loss of Rs 73.58 crore from the profit of Rs 83.83 crore during the corresponding quarter of FY23. It posted?revenue?from operations at Rs 1436.74 crore, down 5.1 per cent as against Rs 1514.35 crore during the first quarter of FY23. The company EBITDA decreased 83.7 per cent on-year to Rs 5 crore. According to CNBC TV18 estimates, India Cements was expected to post a loss of Rs 79 crore and revenue of Rs 1452 crore during the Q1FY23.
India Shelter Finance files draft papers for Rs 1,800 crore IPO with Sebi
India Shelter Finance, a company specializing in affordable housing finance, has initiated the process of going public by submitting preliminary documents to Sebi, the capital markets regulator. The proposed initial public offering (IPO) aims to raise a total of Rs 1,800 crore. The IPO structure includes a fresh issuance of equity shares valued at Rs 1,000 crore, along with a Rs 800 crore offer for sale (OFS) by existing investor shareholders. This information was outlined in the draft red herring prospectus (DRHP) that was officially lodged on Friday.
Q1 Results Today: Godrej Consumer Products, Max Healthcare, Gland Pharma, Emami, Medplus Health Services, others
Q1 Results 2023:?India Inc has majorly posted a healthy quarter results with majority of them meeting analysts’ expectations. While many IT services companies showed a modest growth with remarkably low attrition rates that is leading to a number of senior-level executives resigning this year, pharma and?banking sector?companies are leading the way. The quarter earnings of leading large cap and?mid cap companies?are more crucial currently amid weak global market sentiments after downgrading of US credit rating. Some of the major and awaited company results earlier this week included Adani Total Gas, Thyrocare Technologies, Titan Company, Ambuja Cements
Salaried employees are getting income tax notices. Here’s how to respond
If you have claimed a fake deduction or exemption in your Income Tax Return (ITR), you may land in trouble. Several reports recently said that the Income Tax Department has been sending notices to salaried taxpayers, seeking proof of tax exemptions and deductions claimed by them in ITR.
The tax rules allow individuals to claim several tax exemptions and deductions under the Old Regime. However, experts say that taxpayers claiming fake or bogus deductions in their return of income may catch the Income-tax department’s attention and end up receiving a notice.
Why highway development outpaces Railway line construction speed in India? Explained
The National Highway Authority of India (NHAI) has consistently demonstrated faster execution speed in building highways compared to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) in constructing railway lines. Several factors contribute to this discrepancy. Firstly, the acquisition of land for railway projects often involves complex procedures and bureaucratic hurdles, leading to delays. On the other hand, NHAI can acquire land more swiftly for highways.
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Mahindra to launch 5 electric SUVs in India by 2026: Details
Mahindra & Mahindra, one of India’s leading SUV manufacturers, unveiled its new EV brands (XUV and BE) in the United Kingdom last year. The company has now announced that it is on track to launch 5 born electric SUVs in India by 2026. These upcoming products will be based on Mahindra’s state-of-the-art INGLO EV platform.
Royal Enfield Himalayan 450 spied with touring accessories: Launch this year
Royal Enfield is gearing up to launch multiple motorcycles in the coming months and a higher displacement version of the Himalayan is one of them. The much-awaited Royal Enfield Himalayan 450 ADV will be launched in India by the end of this year. Ahead of its official debut, we have captured some exclusive images of this motorcycle with some optional touring accessories that will be offered with it.?
From Radhika Gupta to Deepak Shenoy, SIP strategy Money Gurus suggest for higher corpus
If you are investing in mutual funds through SIP, you must have come across the suggestion to remain invested for the long term for maximum returns. The primary reason behind this suggestion is that the power of compounding takes time to deliver awesome returns.
For instance, an?analysis?by FundsIndia shows that it takes eight years to reach Rs 50 lakh if you are investing Rs 30,000 per month and the annualised return is 12%. However, it takes just four more years to add another Rs 50 lakh to the corpus even as the SIP amount and return are the same. For another Rs 50 lakh, it takes just three more years. What this suggests is that an investor’s corpus grows faster in the later years of the SIP compared to the initial years.
New Covid variant ‘Eris’ is spreading rapidly in UK; Know all about its signs and symptoms
New Covid variant in the UK:?A new?COVID-19?variant is spreading rapidly across the United Kingdom. The variant, Eris, has become a cause of concern among all the nearby countries.
According to a report by PTI, the variant EG.5.1 which has descended from the rapidly spreading Omicron, was first flagged last month in the UK.