State Bank of India (SBI) share price dropped 2.8% on Monday morning as investors reacted to the lender’s April-June quarter earnings. SBI had reported a 6.7% on-year drop in net profit to Rs 6,068 crore on Saturday, missing street estimates owing to lower NIMs. Analysts further highlighted that SBI’s other income was impacted significantly due …
Rakesh Jhunjhunwala, also known as the Warren Buffett of India, passed away this morning at Breach Candy Hospital in Mumbai at the age of 62. Jhunjhunwala began trading in financial markets with Rs 5,000 which he invested in 1985 when the Bombay Stock Exchange’s benchmark index Sensex was at 150; it now trades at over …
Zerodha Fund House on Wednesday (October 25)announced the launch of itsmaiden funds – Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, open-ended, passive, index equity mutual fund schemes. The NFO opened on 20th October 2023 and will remain open till 3rd November 2023. Zerodha Fund House is …
Even as Indian share market benchmarks BSE Sensex and Nifty 50 are over 30 per cent up from their March lows, volatility is likely to persist owing to various factors, says Naveen Kulkarni, Chief Investment Officer, Axis Securities. He further elaborates that despite a catch rally in the last week of May, its sustainability remains …
Aashirvaad Organic has introduced its new brand proposition called Sach Much Organic. As per the company, the new proposition resonates with Aashirvaad’s dedication to delivering purity, transparency and organic products to consumers. Complementing this proposition, Aashirvaad has also launched two new organic offerings: Organic Rajma and Organic Kabuli Chana. Additionally, the range from Aashirvaad Organic …
Merger of HDFC Bank with Housing Development Finance Corporation (HDFC) could turn out to be a major event for the benchmark NSE Nifty 50 index, which currently consists of both the stocks. According to analysts at ICICI Securities, the proposed merger, once in place, will likely result in an unprecedented ~14% of the Nifty 50 …
By Prathamesh Mallya Indians’ love affair with gold goes beyond the usual perception of the yellow metal in other parts of the world, where it is seen widely as an investment option. For millennia, gold has held a special place in Indian families, as an auspicious and ornamental asset. This sentiment continues to dominate the buyers’ …
By Shrikant Chouhan The benchmark indices witnessed a pullback rally on Tuesday, as the NSE Nifty 50 ended 86 points higher while the BSE Sensex was up by 257 points. Among sectors, PSU Banks outperformed, rallying nearly 2.5 per cent while sharp selloff was seen in IT stocks. As a result, the IT index was …
Billionaire Rakesh Jhunjhunwala Passes Away (Highlights): The stock market was in shock when the news of veteran investor Rakesh Jhunjhunwala’s passing made the headlines on Sunday morning. The billionaire whose net worth was USD 5.8 billion according to Forbes, died at the age of 62 in Mumbai. According to a PTI report, he passed away …
Investors’ wealth rose by over Rs 7.41 lakh crore in four trading days amid the stock market rally and the benchmark BSE Sensex reclaiming the 60,000-level on Wednesday. In the four days, the 30-share benchmark index has jumped 1,442.84 points or 2.45 per cent. Mirroring the rally in equities, the market capitalisation of BSE-listed firms …