Founded in 2002, ARC is engaged in the business of acquiring stressed assets from banks and financial institutions and implementing resolution strategies. The company was the second largest ARC in India in terms of assets under management (AUM) with ₹…
The ₹1503.6 crore rail construction project from Gurugram Metro Rail is to be executed within 30 months, that is in two and a half years. Dilip Buildcon recently reported a 93.6% year-on-year jump in consolidated net profit to ₹271 crore…
Axis Securities’ Top Picks Basket has outperformed the Nifty 50, delivering a 6% return over six months and a stellar 325% gain since May 2020. Despite a volatile July, the basket beat the benchmark, supported by stock-specific strength. For August,…
US employers added just 73,000 jobs last month, the Labour Department reported Friday (August 1), well short of the 115,000 expected. Worse, revisions shaved a stunning 258,000 jobs off May and June payrolls.
In a five-page order issued on Thursday (August 1), the Securities and Exchange Board of India (Sebi) said that in terms of the settlement regulations, “it is hereby ordered that any proceedings that may be initiated for the violations… are…
Barry Eichengreen, Professor of Economics at Berkeley University, believes stablecoins could threaten monetary sovereignty in countries like India, as 99.5% of their circulation is in US dollars, potentially leading to dollarisation.
The company’s net profit rose to ₹96.8 crore for the quarter ended June 30, from ₹92.6 crore a year earlier.
LIC Housing Finance reported a 4.4% YoY rise in Q1 profit to ₹1,364 crore, with disbursements steady and asset quality improving. Provisions declined and Stage 3 exposure fell to 2.62%.
The company’s revenue from operations dipped 2.1% to ₹1,988 crore as against ₹2,030 crore in the corresponding period of the preceding fiscal. Shares of G R Infraprojects Ltd ended at ₹1,212.30, down by ₹5.30 or 0.44% on the BSE.
The company reported an 80.8% YoY rise in revenue and a modest 4.5% growth in net profit. Shares of PC Jeweller ended lower on Friday (August 1) by 3.58% at ₹15.09 on the NSE.