ITC Q1 Results: Leaf tobacco inflation may impact margins; volume growth in focus
Analysts believe that ITC’s cigarette business is likely to see volume growth between 3% to 4%, which is lower than the growth seen over the last two quarters.
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India-US may negotiate tariff relief; RBI could cut rates if growth slows: JPMorgan’s Aziz
Based on current monthly trends, Jahangir Aziz, Head of Emerging Market Economics Research at JPMorgan estimated that the US could collect around $350 billion in tariffs annually, effectively acting as a consumption tax.
Stock Split: Adani Power board to divide one equity share into five; details here
A stock split divides a company’s stock into more shares, lowering the price and increasing the number of shares available to trade.
Jane Street not cooperating with I-T investigation, say sources
Jane Street’s servers are located outside India, and investigators are being denied access, sources told CNBC-TV18. Moreover, Jane Street’s books of accounts are also reportedly maintained overseas, despite Indian company law mandating that such records be kept within the country.
‘Quick 10-15% correction would be healthy for the market’: Macquarie’s Sandeep Bhatia
In the pharma sector, Sandeep Bhatia, Managing Director and Head of Equity – India at Macquarie Capital flagged uncertainties related to US pricing pressures. Referring to Sun Pharma, he noted that the company, which gets about 20% of its revenue…
Laxmi India Finance IPO allotment: Steps to check status, listing date and other key details
Laxmi India Finance shares are scheduled to be listed on the NSE and BSE on Tuesday, August 5.
Rupee rises 40 paise against dollar in early trade: Key factors to watch
Traders noted that the central bank likely intervened in the forex market on Thursday (July 31) to prevent a sharper slide in the rupee.
Lotus Developers’ ₹792 crore IPO subscribed 14 times on Day 3 so far, GMP up 29%
Lotus Developers IPO: The surge in subscription demand for the IPO was largely driven by non-institutional investors (NIIs), who booked their allotted quota 27.19 times. Retail investors followed with a 12.03 times subscription, while qualified institutional buyers (QIBs) subscribed 8.74…
PNB MD: No concerns at PNB Housing, CEO quit for personal reasons
Ashok Chandra, Managing Director and CEO of Punjab National Bank, said the bank holds over 28% stake in PNB Housing Finance and has remained invested for many years. “I have firm belief that this company is growing fast, and this…
Shanti Gold IPO Listing: Shares debut at 15% premium on Dalal Street
Shanti Gold International IPO Listing: The 22kt CZ casting gold jewellery maker will spend ₹46.3 crore of IPO proceeds for setting up of the proposed Jaipur facility, and ₹200 crore for working capital requirements. Further, ₹17 crore will be used…