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Source: Live Mint State-owned hydro power giant NHPC on Friday reported a 47 per cent decline in consolidated net profit to ₹330.13 crore in the December quarter primarily due to higher expenses. The company had posted a profit of ₹623.28 crore in the year-ago period, a BSE filing showed. Total expenses rose to ₹2,217.51 crore…
Source: Live Mint The Monetary Policy Committee (MPC) of the Reserve Bank of India, led by Governor Sanjay Malhotra, has proposed a new repo rate of 6.25%. The new rate is likely to spur demand for retail loans, which should further boost liquidity in the economy, and therefore encourage consumption and boost economic growth. The…
Source: Live Mint The US Federal Reserve and the Office of the Comptroller of the Currency – the nation’s top banking regulators — will soon loosen their tough stance when it comes to digital assets now that President Trump has fully embraced the industry, On The Money has learned. Officials at the nation’s top banks,…
Source: Live Mint Oil India Dividend: State-owned energy giant Oil India Limited, on Friday, February 7, declared its second interim dividend issue of ₹7 per equity share for the financial year ended 2024-25, according to the exchange filing. The company declared a “Second lnterim Dividend of Rs. 7 per share (70% of paid-up capital) for…
Source: Live Mint LIC Q3 Results: Life Insurance Corporation of India (LIC) announced its October to December quarter results on February 7. The company recorded a rise in net profit of 17% YoY to ₹11,056 crore in the third quarter, compared to ₹9.444.42 crore in the same quarter a year ago. Read Full Article
Source: Live Mint By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK, – A fresh look at the pace of inflation will test the U.S. stock market in the coming week, as investors worry that President Donald Trump’s tariff plans are endangering Wall Street’s hopes for interest rate cuts this year. The benchmark S&P 500…
Source: Live Mint MUMBAI (Reuters) – The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a trade war and foreign portfolio outflows persisted, pushing the rupee to its lifetime low past the 87 handle. The Reserve Bank of India cut its key interest…
Source: Live Mint MUMBAI : The Securities and Exchange Board of India (Sebi) has impounded an amount of ₹53.6 crore as illegal investment advisory fees under the garb of providing educational courses from Asmita Patel Global School Of Trading and other entities connected with financial influencer Asmita Patel, who is known as “options queen” and…
Source: Live Mint M&M Q3 result: Mahindra & Mahindra (M&M) on Friday, February 7, reported a decent rise in its consolidated net profit and revenue for the December quarter of the current financial year (Q3FY25). The automaker reported a consolidated profit of ₹3,180.58 crore, up 19.64 per cent year-on-year (YoY) from ₹2,658.40 crore reported in…
Source: Live Mint Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, ended lower on Thursday, with the Sensex dropping by 213.12 points to close at 78,058.16, while the Nifty 50 fell 92.95 points to finish at 23,603.35. Market sentiment remained wary as investors awaited the Reserve Bank of India’s (RBI) policy announcement,…
