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Source: Live Mint Alembic Pharmaceuticals posted its results for the quarter ended December 2024 (Q3FY25). Its consolidated net profit tumbled 23.29 percent to ₹138.42 crore in Q3 FY25, compared with ₹180.45 crore posted in Q3 FY24. However, revenue from operations was at ₹1,692.74 crore in the third quarter of FY25, up 3.81 percent year on…
Source: Live Mint Top News SEBI Mandates Evaluations for Market Infrastructure Institutions to Ensure Transparency and Efficiency The Securities and Exchange Board of India has mandated external and internal evaluations for Market Infrastructure Institutions and their statutory committees. This move aims to enhance transparency, governance, and performance efficiency in financial markets. The evaluations will help…
Source: Live Mint Foreign portfolio investors (FPIs) gave a thumbs-down to the budget at Saturday’s special session, selling a provisional ₹1327.09 crore worth of shares, even as domestic institutional investors net purchased equities worth ₹824.38 crore. The Nifty ended down 0.11% at 23482.15 while the Sensex ended up a mere 0.01% higher at 77505.96. The…
Source: Live Mint PNB Q3 Results: Punjab National Bank (PNB) on Friday, January 31 posted strong results for the quarter ended December 2024 (Q3FY25). It reported a standalone net profit of ₹4,508.21 crore in the quarter ended December 2024, recording a substantial growth of 103 percent from ₹2,222.8 crore, in the year-ago quarter. Sequentially, it…
Source: Live Mint Kirloskar Pneumatic Company Limited has announced an interim dividend of ₹3.50 per share (175 percent) for the financial year 2024-25 (FY25). The record date to determine shareholders’ eligibility for the dividend is set for February 7, 2025, with the payment scheduled on or before February 25, 2025. In an official regulatory filing,…
Source: Live Mint Transferring money from India to a foreign account can be cumbersome. Additionally, if the payment exceeds ₹7 lakh, tax collected at source (TCS) would be deducted, which could be claimed later. Ram felt that the whole process was too complicated for his retired parents to handle. Fortunately, a solution came from a…
Source: Live Mint State-owned oil PSU Oil India Ltd (OIL), known for its consistent dividend payouts, announced that it will release its December quarter (Q3FY25) financial results on February 7, 2025. The company has scheduled a board meeting to discuss and approve the unaudited financial results for both the quarter and nine-month periods ending December…
Source: Live Mint Top News 1/ SEBI mandates daily disclosure of the Information Ratio (IR) for equity-oriented mutual fund schemes on AMC and AMFI websites. IR measures risk-adjusted returns by comparing portfolio returns to benchmark returns, accounting for volatility. This aims to enhance transparency, aid investor decision-making, and improve scheme performance evaluation. AMFI must ensure…
Source: Live Mint Nifty 50 on 22 January: Recap The Nifty and the Sensex experienced a rise, driven by HDFC Bank’s solid third-quarter results, which uplifted market sentiment. However, the overall optimism was curbed by declines in energy, metal, and state-run bank stocks. The IT index stood out as a top performer for the day,…
Source: Live Mint I am 28 years old and have a portfolio worth ₹47.4 lakh, comprising ₹36.5 lakh in equities and the rest in mutual funds. I regularly invest ₹25,000 per month via SIPs, with a 10% annual increment in these contributions. With no liabilities, I am considering investing an additional ₹10 lakh, either in…
