The consumer tech company Nykaa or FSN E-Commerce Ventures Limited recently released a quarterly update for the quarter ended March 31, 2024. During the quarter, the company witnessed strong GMV growth of the early thirties at a consolidated level on a YoY basis. The company continues to generate long-term beauty consumption growth in India. During …
In recent developments, the Reserve Bank of India (RBI) has flexed its regulatory muscles, imposing penalties on LIC Housing Finance Limited and IDFC First Bank Limited for failing to adhere to specific directives laid out by the central bank. LIC Housing Finance Penalized for Non-Compliance LIC Housing Finance Limited finds itself on the receiving end …
On Friday, the Sensex and Nifty ended the day with minimal changes following the Reserve Bank of India’s decision to maintain the status quo on policy. The Sensex edged up slightly by 0.03%, closing at 74,248.22 points, while the Nifty closed flat at 22,513.70 points. Among sectors, Nifty Realty, Nifty Bank, Nifty Financial Services, and …
Buybacks involve companies using their own cash to repurchase shares from existing shareholders. This can be a signal of management’s confidence in the company’s future prospects, as it reduces the number of shares outstanding and potentially increases earnings per share. The table below presents an overview of the buyback activities conducted by IT firms over …
On April 4, 2024, Sula Vineyards Limited informed the stock exchanges that the company is executing a Share Purchase Agreement (SPA) with the shareholders of N D Wines Private Limited. Sula Vineyards Limited is set to acquire a 100% stake in N D Wines Private Limited. Details of the Acquisition On Thursday, Sula Vineyards Limited’s …
The Financial Year 2024 has concluded, and the new financial year commenced at the beginning of this month. Therefore, it would indeed be a wise decision to analyze past performance. Doing so provides insight into how various indices have performed and which ones have outperformed others. This analysis can guide us on where to focus …
These three equities’ volume gained significantly during Friday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. GMR Airports Infrastructure Ltd The stock of GMR Airports Infrastructure saw a significant increase in price and volume, indicating heightened trading activity. The bounce back showed stock price started to rise again with higher volume on up …
On April 5, 2024, TVS Motor Company Limited informed in a stock exchange filing that the company’s first premium lifestyle motorcycle was launched today in Colombia. Details of the New Launch On Friday, TVS Motor Company announced that it entered into the premium lifestyle motorcycle segment with the launch of TVS RONIN for its customers …
On April 4, 2024, United Spirits Limited informed the stock exchanges that the company’s board had approved the investment in Inspired Hospitality Private Limited (Pistola). Details of the Investment On Thursday, United Spirits Limited’s board approved the investment in Inspired Hospitality Private Limited, Pistola, by subscribing to 3,494 Compulsory Convertible Preference Shares (CCPS) and 10 …
Macrotech Developers Limited, a prominent player in India’s real estate sector, has capped off a remarkable financial year with impressive results for Q4 FY2024. Their operational updates, released on April 05, 2024, reveal significant growth across key metrics, solidifying their position as a leader in the industry. Pre-Sales Surge Macrotech witnessed a phenomenal 40% year-on-year …
