FPIs pressed massive equity sale of Rs 24,000 cr in last 3 days

New Delhi (IANS) There is a sudden change in the strategy of the FPIs starting January 17 and they turned massive sellers in the cash market having sold equity worth Rs 24,147 crore in three days from January 17-19, says V.K. Vijayakumar, Chief Investment…

Paytm registers bumper operating revenue uptick of 38% YoY, PAT improves by Rs 170cr YoY

New Delhi (IANS) India’s leading payments and financial services company Paytm has shown yet another impressive quarterly growth, registering a bumper operating revenue uptick of 38 per cent YoY, taking the revenue to Rs 2,850 crore in Q3FY24.

UltraTech Cement logs Rs 1,777 cr Q3 PAT

Chennai (IANS) Aditya Birla Group’s UltraTech Cement Limited on Friday said it closed the third quarter of FY24 with a consolidated net sales of Rs16,487 crore as against Rs 15,299 crore over the corresponding period of the previous year.

Profit…

FPIs sold equity massively for Rs 20,480 cr in last 2 days

New Delhi (IANS) An important trend in the market which has implications for retail investors is the revival of the tug of war between FIIs and DIIs, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

FPIs have sold…

DMI Group acquires troubled fintech startup ZestMoney

New Delhi (IANS) The DMI Group has acquired the homegrown digital EMI financing platform ZestMoney (Zest) for an undisclosed sum, the company announced on Thursday.

This development comes after the startup's new leadership informed the…

Sensex plunges more than 1,600 points led by HDFC Bank

New Delhi (IANS) Markets have slumped further with the BSE Sensex now plunging more than 1,600 points in afternoon trade on Wednesday.

Sensex is down 2.2 per cent or 1,611 points at 71,516 points.

Private sector banks, metals are leading…

Sensex sinks more than 1,000 points

New Delhi (IANS) BSE Sensex plunged more than 1,000 points on Wednesday led by losses in HDFC Bank.

Sensex is down 1,044 points at 72,084 points.

HDFC Bank plunged 6 per cent after its results and several bank stocks are also down. Kotak…

HDFC Bank records 33% jump in net profit for Oct-Dec quarter

Mumbai (IANS) HDFC Bank on Tuesday reported a 33.5 percent increase in net profit at Rs 16,372 crore for the October-December quarter of the current financial year, against a net profit of Rs 12,259 crore in the same quarter last year.

The…

Wow! Momo raises Rs 410 cr in latest round led by Khazanah, OAKS

New Delhi (IANS) Quick service restaurant (QSR) chain, Wow! Momo, said on Tuesday that it has raised Rs 410 crore (around $49 million) in its Series D round led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, and OAKS Asset Management.

Nifty now up three times from Covid low of 7,511 in March 2020

New Delhi (IANS) Nifty is now up three times from the Covid low of 7,511 in March 2020, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

This is an indication of a strong bull market and it has a long way to go.…