The board of Indraprastha Gas Ltd. (IGL), a distributor of natural gas, authorised the declaration of the second interim dividend of 10 rupees per share for the fiscal year 2022–2023 on Thursday (FY23). In the afternoon dealings on the BSE, shares of IGL were trading slightly higher after hitting an intraday low of $439 per […]
IGL declares 2nd interim dividend of ₹10 per share, record date next week Read More »
Flipkart and a retailer have been ordered to pay Rs 25,000 for causing mental agony and physical harassment to a consumer who was delivered a bar of detergent soap instead of an iPhone. In order to complain about receiving a little keypad phone and a “Nirma” soap instead of the Apple iPhone he had ordered
In order to counteract the impact of rising production costs brought on by the impending implementation of tighter pollution standards starting next month, Honda Motors India plans to boost pricing of its entry-level compact sedan Amaze by up to Rs 12,000 per unit. The price increase will differ based on the model’s various trims. According
Honda to increase prices to offset high input cost due to new emission norms Read More »
The US Securities and Exchange Commission warned investors in a Thursday investor advisory that companies selling securities backed by cryptoassets could not be abiding by US legal requirements. The SEC warned that unregistered offerings of these securities might not include critical information, such as audited financial statements, needed for wise decision-making. The crypto industry is
US SEC warns of risks of buying crypto asset securities Read More »
Despite systematic investment plans (SIPs) receiving more than 13,000 crore for the sixth straight month in February, cash market turnover decreased by 20% in FY23. While this was happening, the notional value of derivatives more than doubled as a result of regulatory limits and prolonged volatility, which likely resulted in lower delivery volumes. In FY23
In FY23, cash market volumes fell by 20%. Read More »
financier for gold loans The increased emphasis on diversification by Manappuram Finance Ltd. appears to be connecting with its investors. The company’s management stated at a recent analyst meeting that the company’s focus is still on being a diversified NBFC with a 50% asset under management (AUM) contribution from its non-gold lending division. Systematix Shares
Manappuram Finance rides high on diversification strategy Read More »
After a choppy day of trading on Thursday, US stocks ended higher as US Treasury Secretary Janet Yellen gave investors assurances that efforts will be done to safeguard bank accounts. At 3,948.09, the S&P 500 increased by 0.28%. At 32,096.19, the Dow Jones Industrial Average rose 0.21%. At 11,786.81, the Nasdaq Composite increased by 1.00%.
After Janet Yellen’s assurances regarding bank deposits, US stocks end higher Read More »
On Thursday, Vedanta Ltd. called any rumours of a sale in the oil-to-metals conglomerate “untrue and false.” This follows a news story that claimed mining magnate Anil Agarwal was considering selling a share in Vedanta as a last-ditch option and was looking into the prospect of doing so for less than 5% of the business.
Vedanta Says Talks Of Stake Sale ‘Untrue’, ‘Baseless’ Read More »
IT services firm Accenture announced on Thursday that it would lower its annual revenue and profit predictions and lay off around 2.5% of its staff, or about 19,000 employees, as massive layoffs at top tech businesses continue to occur around the world. Accenture is the most recent significant company to announce job cuts in light
Accenture To Cut 19,000 Jobs, Trim Forecast Read More »
Hindenburg Claims Against Block Inc. :Block Inc., originally known as Square Inc., has a $44 billion market cap, according to Hindenburg, and claims to have created a “magical” and “frictionless” financial system with a goal of empowering the “unbanked” and the “underbanked.” “Our 2-year investigation has concluded that Block has systematically taken advantage of the
A Brief Overview: The Hindenburg Claims Against Block Inc. Read More »
