FINANCIAL YEAR 2024
FPIs inject Rs 7,900cr in equities in first week of Jul; investment surpasses Rs 1 lakh cr in 2024 FPIs infused Rs 7,900 crore into Indian equities, raising the total to Rs 1.16 lakh crore in 2023. June saw a Rs 26,565 crore inflow with political stability. Milind Muchhala noted US bond yields' impact. Geojit's Vijayakumar cited buying in telecom...
07 Jul, 2024, 11.41 AM ISTSpotify India narrows net loss in FY23 Spotify India LLP's net loss declined 26% to ₹344 crore in FY23. Revenue rose 86% to ₹167 crore while expenses fell 9% to ₹504 crore. Subscriptions increased 66%, ad revenue 91%. Entered India 2019, contends with JioSaavn, Amazon Prime Music, and Ap...
06 Jul, 2024, 01.21 PM ISTBudget: Chandrababu Naidu meets FM Nirmala Sitharaman, seeks financial aid for debt-ridden Andhra Pradesh Budget 2024: According to the state government data, the public debt of Andhra Pradesh has increased from 31.02 per cent of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32 per cent in 2023-24 fiscal, indicating deterioration in the fisca...
05 Jul, 2024, 02.33 PM IST- ADVERTISEMENT
Is a big boost to power financiers likely in Budget? Deven Choksey answers Reliance Jio's strategic timing aligns with 5G advancements and tariff adjustments, poised to boost revenue and shareholder value. The company's emphasis on EBITDA margin growth and potential IPO plans suggest a positive outlook for unlocking shareh...
02 Jul, 2024, 11.45 AM ISTIncome tax Budget 2024 expectations: 10 ways the finance minister can ease income tax and financial burden of senior citizens Income tax Budget 2024 expectations: A notable percentage of taxpayers in India are senior citizens since they receive income, frequently through passive means. ET Wealth Online interviewed three specialists to discuss senior citizens' expectations ...
29 Jun, 2024, 10.29 AM ISTShah Rukh Khan’s Red Chillies posts net profit of Rs 85 crore in FY23 Revenue rose 2.3 times to Rs 300 crore from Rs 130 crore in FY22, the filings with the Ministry of Corporate Affairs showed. The privately held company has yet to report results for the fiscal year through March 2024.
28 Jun, 2024, 09.55 AM ISTStock Radar: D-Mart hits fresh multi-year high in June 2024; time to buy the dip or book profits? Traders are advised to consider a retest target of Rs 5100 for Avenue Supermarts (D-Mart) with a stop loss below 4770 on a closing basis. Recommendations in the article do not reflect the views of the Economic Times.
24 Jun, 2024, 01.03 PM ISTHow is the Budget prepared: Insights and expectations for this year The Indian Union Budget preparation is a meticulous process overseen by the Ministry of Finance (MoF), involving NITI Aayog and other ministries. It begins around August-September, culminating in the February 1 presentation, in a non-General Electio...
22 Jun, 2024, 10.22 AM ISTRoad construction down by 12.1% to 1288 km in the current financial year up to May 2024 As per the monthly update, released the ministry of road transport and highways (MoRTH) on Wednesday, the capital expenditure incurred during the period stood at Rs 57,925 crore till May 2024, which is 42.5% of the capital outlay under the vote on a...
19 Jun, 2024, 08.35 PM IST3 undervalued cryptos for financial freedom in 2024 Investors are hoarding emerging crypto coins like PlayDoge, 99Bitcoins, and Sealana, which offer unique features and potential for growth in the crypto market.
05 Jun, 2024, 04.16 PM ISTRoyal Orchid Hotels reports PAT of Rs 50.82 cr for FY24 Royal Orchid Hotels Limited reported a total income of Rs 312.70 crore for FY 2024, up from Rs 279.69 crore in FY 2023. In Q4 FY 2024, the chain's total income was Rs 82.30 crore, up from Rs 76.54 crore in Q4 FY 2023.
31 May, 2024, 04.40 PM ISTNepal to legalise marijuana cultivation for medicinal purposes Nepal will legalise marijuana cultivation and consumption for medicinal purposes, Finance Minister Barsha Man Pun announced on Tuesday while presenting the government's budget estimates for the 2024-35 fiscal year. Addressing the joint session of Pa...
28 May, 2024, 08.50 PM ISTNDR InvIT reported a net profit of Rs 18.4 crore for FY2024 NDR InvIT Trust, India's first perpetual warehousing and industrial Parks InvIT, reports a net profit of Rs 18.4 crore for FY 2024, with net revenue reaching Rs 42.7 crore. Plans to add three million sq ft while maintaining healthy metrics and AAA r...
27 May, 2024, 04.01 PM ISTFPIs dump financial services stocks worth $6.6 billion in 2024 as sector looks less rosy National Securities Depository Ltd (NSDL) data showed foreign portfolio investors (FPIs) sold financial services stocks worth $6.6 billion (₹55,000 crore) since the start of this calendar year, nearly two-and-a-half times total outflows during the s...
27 May, 2024, 12.56 PM ISTVolatility has risen as Lok Sabha Elections 2024 fever grips the stock market; will polls halt the rally? Volatility has risen in recent weeks as election fever grips the market. The heightened volatility stems from concerns over lower voter turnout in the ongoing general elections, potentially indicating an unfavourable verdict for the ruling party. Is...
21 May, 2024, 10.12 AM ISTThomas Cook India Group reports net profit of Rs 271 cr for FY24 On a quarterly basis, Thomas Cook India Group reported a total income of Rs 1693 crore for the quarter ended March 31, up from Rs 1324 crore. The company reported a net profit of Rs 58 crore for the quarter ended March 31, 2024, up from Rs 10.2 cror...
16 May, 2024, 08.14 PM ISTVodafone Idea Q4 Results: Cons loss widens to Rs 7,675 crore YoY; ARPU rises to Rs 146 from Rs 135 Vodafone Idea Q4 Results: Revenue from operations stood at Rs 10,607 crore against Rs 10,532 crore reported in the corresponding quarter of the last financial year. Its EBITDA for the quarter was reported at Rs 4,336 crore and there was an increase...
16 May, 2024, 07.41 PM ISTM&M announces final dividend of Rs 21 for financial year 2024 M&M announced a dividend of Rs 21.10 per share for FY24 with a 32% YoY spike in profit to Rs 2,038 crore. The revenue rose 11% YoY to Rs 25,109 crore. The company reported solid operating performance across multiple businesses in FY24. TechM showed ...
16 May, 2024, 04.04 PM ISTABB India Q1 Results: Net profit jumps 87% to Rs 460 crore During the quarter, consolidated revenues came in at Rs 3,080 crore, up 28% from Rs 2,411 crore in the year-ago period.
11 May, 2024, 01.27 PM ISTNavigating economic horizons: RBI's role in FY 2024-2025 RBI's nuanced approach in FY 2024-2025 balances growth, inflation, and stability. Expect cautious yet proactive policy rates. Strategic reserves, global index inclusion, and fiscal discipline shape India's economic landscape.
06 May, 2024, 03.34 PM IST