Delhi wakes up to a blanket of smog today, AQI ‘very poor,’ NCR to get relief from pollution in a few days
Delhi's air quality fell into the 'very poor' category with an AQI of 389. Surrounding areas including Noida, Greater Noida, Ghaziabad, and Faridabad also registered high AQI levels. Key Points
mintIDFC First Bank Q4 net profit up 134% y-o-y to Rs 803 crore in Q4
As on March end, the bank’s gross non-performing asset ratio stood at 2.51%, lower than 3.70% a year ago. Key Points
FinancialexpressLIC stock up nearly 3% post strong Q4 results
LIC consolidated PAT for the quarter ended March 2023 stood at ₹13,190.79 crore, rising by whooping 447.47 per cent Key Points
mintJSW Steel Q1 Results: PAT surges 189% YoY to Rs 2,428 crore; revenue up 11%
JSW Steel's Q1 operating EBITDA for the said quarter stood at Rs 7,046 crore while EBITDA margin came in at 16.7%, the company said in a filing to the exchanges. Key Points
Economic TimesIndian Railways earns Rs 1.25 lakh crore freight revenue till December 2023
The official data has revealed that freight loading by the Indian Railways touched 1154.67 million tonnes (MT) in first nine months of the current fiscal. Coal loading in December 2023 stood at 69 MT while Iron Ore freight stood at 16.54 MT. Key Points
Economic TimesBank of Baroda Q4 Results: Profit zooms 168% YoY to Rs 4,775 crore, dividend declared at Rs 5.5/ share
Its net interest income (NII) for the lender grew 33.8% at Rs 11,525 crore. Meanwhile, NII registered a growth of 26.8% YoY for FY23 and stood at Rs 41,355 crore. Key Points
Economic TimesYES Bank Q3 Results: PAT soars 4x YoY to Rs 231 crore, NII rises 2.4%
YES Bank Q3 Results: Provisions for the quarter dropped sharply, which aided growth in the bottom line. Provisions and contingencies for the reported period stood at Rs 555 crore, compared with Rs 845 crore a year ago. Despite this, the pre-provision operating profit declined 5.4% YoY to Rs 864 crore. Key Points
Economic TimesMax Healthcare Institute Q2 PAT rises 27 percent to Rs 338 crore
India Business News: Max Healthcare Institute Ltd reported a 26.59% increase in profit after tax to Rs 338 crore in Q2 2023. The company's network gross revenue also rose Key Points
Times Of India106 pc rise in foreign tourist arrivals in India in 2023 for Jan-Jun period
The number of foreign tourists visiting India in the first half of this year has increased by 106% compared to the same period in 2022, according to official sources. India has been making efforts to boost tourism, both domestic and international, after the impact of the COVID-19 pandemic. Key Points
Economic TimesYES Bank Q1 Results: Profit rises 10% YoY to Rs 343 crore; NII up 8%
Its net interest income was up 7.8% from a year ago and stood at Rs 1,999.6 crore. Key Points
Economic TimesUtkarsh Small Finance Bank lists at 60% premium over IPO price
Utkarsh Small Finance Bank's IPO received a large response from investors, with the issue being subscribed nearly 102 times at close. The stock was listed at Rs 40 on NSE and Rs 39.95 on BSE, 60% higher than its IPO price of Rs 25. The bank's net NPAs stood at 1.33%, 2.31%, and 0.39% for FY21, FY22, and FY23, respectively. ICICI Securities and Kotak Mahindra Capital Company acted as the book-running lead managers to the issue. Key Points
Economic TimesSensex, Nifty end in green as bank stocks rally; heavyweight Reliance jumps 3%
At the closing bell, the S&P BSE Sensex settled 445.73 points higher at 58,074.68, while the NSE Nifty 50 stood at 17,107.50 after gaining 119.10 points. Key Points
India TodayHDFC AMC Q3 Results: Cons PAT jumps 32% YoY to Rs 488 crore
HDFC AMC Q3 Results: The consolidated revenue from operations stood at Rs 671 crore, up 20% from Rs 560 crore reported in the year-ago period. On a sequential basis, the profit after tax was nearly 12% higher compared to Rs 436 crore in Q2FY24. Key Points
Economic TimesWB facing financial mismanagement, high debt leaving no fiscal room to implement any scheme: FM Sitharaman
FM said that the state government has not taken any step to reverse the downfall in capital formation, industrialization. Bengal played such a wonderful role for the country, all through history.. your thought leaders, your industry leaders, you stood out in culture, you stood out in music, you stood out in knowledge. Now one parameter you are standing out -- tolabaazi, she said, referring to the extortion racket that has allegedly flourished in the state. Key Points
Economic TimesSitharaman asks CBIC to introduce automated GST scrutiny system by next week
The total Indirect Tax collections for the 2022-23 fiscal stood at Rs 13.82 lakh crore, up from Rs 12.89 lakh crore in 2021-22. Key Points
FinancialexpressGovernment to meet its tax collection target for FY24: SBICaps
The Centre's net direct tax collection between 1 April and 16 September stood at ₹8.65 trillion, up 23.5% on an annual basis Key Points
mintIndia's Wholesale Inflation Eases To 29-Month Low In March
Inflation, as measured by the Wholesale Price Index, stood at 1.34% in March 2023, compared to 3.85% in February. Key Points
BQ PrimeSIP inflows hit new record, cross Rs 18,000 crore for first time in January
The asset base for SIP rose 3.12% in January to Rs 10.26 lakh crore. The SIP AUM was Rs 9.95 lakh crore in December. The number of SIP accounts stood at the highest ever of 791.71 lakh in January, compared to 763.65 lakh in December. The number of new SIPs registered in January also attained a new milestone, with 51.84 lakh new registrations as against 40.32 lakh in December. Key Points
Economic TimesVodafone Idea Q2 Results: Net loss widens to Rs 8,738 crore, revenue growth flat
ARPU (average revenue per user) for the reporting quarter stood at Rs 142, compared with Rs 139 in the previous quarter, showing a sequential growth of 2.1%. ARPU (average revenue per user) for the reporting quarter stood at Rs 142, compared with Rs 139 in the previous quarter, showing a sequential growth of 2.1%. Key Points
Economic TimesDelhi: MCD registers revenue jump of 22.77 pc in FY 23, LG VK Saxena congratulates employees
New Delhi [India], May 2 (ANI): Municipal Corporation of Delhi (MCD) has registered an increase in revenue of Rs 1,650 crores in 2022-23 as compared to financial year 2021-2022, an official statement issued by the office of Lieutenant Governor Delhi said on Tuesday. “MCD has registered record revenue receipts in 2022-23. This jump of 22.77 […] Key Points
ThePrintAdani Group’s debt-to-EBITDA down to 2.5x; cash balance at Rs 44,572 crore
The groups gross assets to net debt stood at 2.5 times as on September 30. The group saw record quarterly operating profit growth of 64% YoY, while the operating profit as of December-end stood at Rs 78,823 crore ($9.5 billion). Key Points
Economic TimesActive Covid cases in India fall to 4,709
The national COVID-19 recovery rate was recorded at 98.80 per cent, the ministry said. The latest case fatality rate stood at at 1.18 per cent. Key Points
Economic TimesHCC reports net profit of ₹189.84 crore in Q4FY23, revenue up by 6%
HCC Q4FY23 Results: The company's consolidated net profit (profit for the period attributable to owners of the parent) for the fiscal's fourth quarter ended March (Q4FY23) stood at ₹189.84 crore. Key Points
mintStocks in news: IndiGo, SBI, ITC, Vedant Fashions, HDFC Bank
M M Forgings posted multifold growth in net profit at Rs 30 crore for the quarter ended March. Revenue for the quarter stood at Rs 387 crore. Key Points
Economic TimesPVR Inox shares plunge 4% to 52-week low on weak Q4 show. Should you buy this stock?
Multiplex chain operators PVR Inox saw their shares drop by over 4% following the announcement that the company recorded a loss of Rs 333 crore for the quarter ended March 31, 2023. Despite the loss, domestic brokerages Nuvama and Prabhudas Lilladher have retained their 'Buy' calls for the company. Nuvama has a positive view on the stock for the medium and long term, citing optimism that is backed by an improving line-up of Hindi movies and a strong pipeline for the overall cinema industry, across languages, in FY24. Key Points
Economic TimesAjanta Pharma Q4 earnings: Net profit down 19% in Q4, R&D expenses up 7%
Ajanta Pharma, a mid-size firm, closed today's trading session with a market worth of ₹16,201.44 Cr. Key Points
mintHDFC Q4 Results: Profit Rises 20% On Higher Core Income
Gross non-performing asset ratio for the lender fell by 31 basis points sequentially from 1.49% to 1.18%. Key Points
BQ PrimeCognizant net profit up 3% YoY in Q1 FY23
Cognizant reported a nominal 3% YoY rise in its net profit in the March quarter of FY 23. However, the company reported a 0.3% decline in its revenue $4.8 billion in the quarter under review Key Points
mintRetail inflation for industrial workers falls to 5.79% in March: Govt
in March, food inflation stood at 5.02% against 6.13% in the previous month and 6.27% during the corresponding month a year ago. Key Points
mintPoonawalla Fincorp Q4 result: Net profit jumps to Rs 181 crore, dividend of Rs 2 per share announced
In Q4, the company’s net profit jumped to Rs 181 crore, up 103 per cent year-on-year and 11 per cent quarter-on-quarter. For the entire year, its profit stood at Rs 585 crore, up 100 per cent year-on-year. Key Points
India TodayWeekly Covid wrap: Cases, positivity rate and Centre's advisory
A total of 92.54 cr Coronavirus tests were conducted so far. The weekly positivity rate stood around 5.43%. | Latest News India Key Points
Hindustan TimesInfosys Q4 numbers disappoint Street. 5 key takeaways
The company has also declared a final dividend of Rs 17.50 per equity share for the financial year ended March and fixed June 2 as the record date for the same. Key Points
Economic TimesInvestors' wealth rises over ₹12.56 lakh cr in 7 days rally; Sensex up 2,544 pts, Nifty gains 771 pts
BSE-listed equities m-cap stood at over ₹264.51 lakh crore by end of April 11th. But markets are in green since March 29th. There has been a total of seven trading sessions till April 11th, and markets have gained on all of these days. Key Points
mintTCS, Infosys, HDFC Bank are 3 major Q4 results to watch out this week
Since these three firms are the top heavyweights in their respective segments, Buy and Sell can be seen accordingly in other related stocks. Other companies will follow suit in announcing their Q4 results. Key Points
mintIndia's tiger population was 3,167 in 2022, highlights census data released by PM
India's tiger population in 2022 stood at 3,167, highlighted the latest tiger census data released by Prime Minister Narendra Modi on Sunday. The tiger population stood at 1,411 in 2006, 1,706 in 2010, 2,226 in 2014, 2,967 in 2018 and 3,167 in 2022, the data shared by the PM showed. Key Points
Economic TimesBandhan Bank's total deposits rise 12.2 pc in Q4 FY23
The Kolkata-based bank said its current account, savings account (CASA) in the quarter to March stood at Rs 42,471 crore, representing a growth of six per cent over the corresponding period a year ago. Bulk deposits were at Rs 31,125 crore compared with Rs 21,890 crore in the fourth quarter of 2021-22, registering a growth of 42.2 per cent. Key Points
Economic TimesBajaj Finance new loan bookings up 20% YoY in Q4, core AUM grows 29%
The companys core assets under management or AUM as of March 31 stood at Rs 2.47 lakh crore, 29% higher from the year-ago period. In the quarter ended March, the AUM grew by approximately Rs 16,500 crore. Key Points
Economic TimesRain lashes Delhi-NCR, air quality improves
According to the Central Pollution Control Board (CPCB), the 24-hour average AQI at 6.30 pm on Friday stood at 151, which falls in the moderate category. Key Points
The Indian Express