Economy

Chennai : Government-owned and listed insurer, the New India Assurance Company Ltd closed FY22 with a net profit of Rs 164.27 crore, down from Rs 1,604.69 crore logged during FY21. The company's solvency margin also dropped to 1.66 times…
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New Delhi : The Supreme Court has stayed the National Green Tribunal (NGT) order, imposing Rs 15 crore penalty on a bottling unit of Coca Cola company. A bench of Justices L. Nageswara Rao, B.R. Gavai, and A.S. Bopanna said: "There shall…
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San Francisco : After a week-long mayhem in the global crypto exchanges that wiped out hundreds of billions of dollars, a senior official at the International Monetary Fund (IMF) has said that the regulators must put up guardrails to…
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New Delhi : As many as seven brokerage houses and investment firms have given a "buy" call for Aditya Birla Capital shares as the financial services provider recently reported a healthy earnings in Q4 and for the entire fiscal. They are…
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New Delhi : Indian equity benchmark indices traded in a narrow range on Tuesday and settled marginally in the red. The Sensex closed at 54,052.61 points, down 236 points, or 0.43 per cent, whereas Nifty was at 16,125.15 points, down…
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New Delhi : Intensity of spending in information technology (IT) by BFS (Banking and Financial Services) firms continues to be strong going into 2022, following a good year in 2021, said brokerage house Kotak Securities. "For example,…
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Seoul : Samsung Electronics said on Tuesday it will invest 450 trillion won ($355 billion) in semiconductor and biopharmaceuticals for the next five years, as South Korea's largest company seeks to further expand its business in future…
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This is because while the disgorgement is of gains made by the individual, the disgorged funds are deposited in the coffers of the regulator, not the unit holders of the scheme where the fund manager was managing business. It is these…
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New Delhi : Allowing mutual funds to launch passively managed Equity-Linked Savings Schemes (ELSS) is a "welcome step" to the overall growth of passive funds, said Mahavir Kaswa, Head of Research, Passive Funds at Motilal Oswal AMC.…
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New Delhi : It is not at all easy to put a right bet on any penny stocks because of the high volatility attached to it. That said, those investors who have put their money in Sadhana Nitro Chem shares have accumulated around 33,000 per…
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