Jio Platforms sees 23% profit growth driven by tariff hikes and data demand, despite losing subscribers. Source and citation: Nikita Periwal, “Jio Platforms Q2 Net Rises 23% on Tariff Hikes, Strong Data Demand,” The Economic Times, October 15, 2024. TLDR For This Article: Jio Platforms reported a 23.4% increase in net profit for Q2 FY2024 […]
Jio Platforms Q2 Net Rises 23% on Tariff Hikes, Strong Data Demand Read More »
Adani promoters increased stakes in three firms during the September quarter, while rebalancing Ambuja Cements holdings. Source and citation: Nikita Periwal, “Adani Promoters Hike Stakes in 3 Cos in Sept Quarter,” The Economic Times, October 15, 2024. TLDR For This Article: Adani promoters increased their stakes in Adani Enterprises, Adani Power, and Adani Green Energy
Adani Promoters Hike Stakes in 3 Cos in Sept Quarter Read More »
SBI plans to raise ₹5,000 crore via AT-1 bonds to boost capital amid strong credit demand. Source and citation: Bhaskar Dutta, “SBI May Raise up to ₹5k crore Via AT-1 Bond Issue,” The Economic Times, October 15, 2024. TLDR For This Article: SBI plans to raise ₹5,000 crore through AT-1 bonds to strengthen its capital
SBI May Raise up to ₹5k crore Via AT-1 Bond Issue Read More »
Real estate equity investments soar to $8.9 billion in 2024, marking a 6-year high for India. Source and citation: ET Bureau, “Equity Investments in Realty to Hit 6-Year High,” The Economic Times, October 15, 2024. TLDR For This Article: Real estate equity investments in India reached $8.9 billion by September 2024, a 46% year-on-year increase.
September’s retail inflation hits 5.5%, driven by food costs. Interest rate cuts look unlikely this year. Source and citation: ET Bureau, “Food on Boil, Retail Inflation Hits 9-month High of 5.5%,” The Economic Times, October 15, 2024. TLDR For This Article: India’s retail inflation surged to 5.5% in September, primarily due to rising food prices,
Food on Boil, Retail Inflation Hits 9-month High of 5.5% Read More »
RIL’s Q2 results show a 3.6% profit dip driven by weak O2C, retail, and energy sectors. Source and citation: ET Bureau, “RIL Profit Slips 3.6% on Weak O2C Show,” The Economic Times, October 15, 2024. TLDR For This Article: Reliance Industries’ Q2 net profit dropped 3.6% due to weak oil-to-chemicals performance, offset by growth in
With Noel, Mistrys May See Path to Tata Stake Monetisation TLDR Of the Article: Noel Tata’s appointment as chairman of Tata Trusts could ease tensions with the Shapoorji Pallonji Group. The Shapoorji Pallonji Group may explore options to monetise its 18.4% stake in Tata Sons. The monetisation process would likely be on mutually agreeable terms.
15 October 2024 : Important Financial News in India Read More »
A look at oversold stocks offering potential 20-50% returns based on analyst projections and opportunities. Source and citation: The Economic Times, Oct 14, 2024. TLDR For This Article: Several stocks have dropped between 15% and 25% in the past three months, but analysts expect them to deliver strong returns, potentially up to 50%, in the
Sitting On Cash? Beaten Down Stocks You Could Buy to Book Big Upsides Read More »
DMart’s subdued first-half growth raises concerns, but should investors wait for a festive season rebound? Source and citation: The Economic Times, Oct 14, 2024. TLDR For This Article: DMart’s September quarter growth has been slower than expected, with pressure on margins and competition rising. Investors may need to wait for the traditionally stronger second half
Investors may Wait for DMart to Catch Up on Growth in H2 Read More »
Nifty poised for a pullback, technical indicators signal opportunity in banking, pharma, auto, and metal sectors. Source and citation: The Economic Times, Oct 14, 2024. TLDR For This Article: Nifty’s technical charts indicate it is oversold, suggesting a potential pullback toward 25,500. Key sectors like pharma, banking, and auto are showing favourable setups, presenting buying