ICICI Bank Q4 net profit falls 5% to ₹969 cr on higher provisions, expenses
Private sector lender ICICI Bank registered a five per cent drop in its net profit in the fourth quarter of 2018-19 with higher provisions and expenditure. The bank’s net profit fell 4.99 per cent to ₹969.06 crore in the January to March 2019…
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Orient Cement: Strong earnings but beware the exuberance in this stock
The Street rewarded Orient Cement Ltd’s stock for its stellar March quarter earnings. Shares surged nearly 10% intraday on the National Stock Exchange to ₹116 on 30 April. The company exceeded analysts’ estimates on most counts with net profit registering a twofold jump…
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Will these mutual funds help me to make Rs 1 crore?
I have a moderate risk appetite. I have invested a lump sum of Rs 20,000 in ICICI Prudential Bluechip Fund and Rs 40,000 in Axis Long Term Equity Fund (direct plan) and SIPs of Rs 1,500 in each of them….
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Midcaps’ poor earnings a drag on stock show
India’s stock benchmarks – Sensex and Nifty – are near their all-time highs but the euphoria is missing in the broader market. Several mid- and smallcap stocks have missed the current leg of the market rally. According to data compiled…
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Property registration under RERA picking up
Maharashtra leads with 20,718 projects and 19,699 real estate agents registered with the regulatory authority Project and real estate agent registrations under the Real Estate Regulatory Authority (RERA) across the country have been on the rise across states between November…
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Banking, IT, energy and metals are expected to outperform
Where are We? The current chart pattern indicates further upside potential for the next few sessions, but there is a possibility of emergence of selling interest from near the highs of 11,850-11,900 levels in the next 1-2 weeks. Daily 14 period…
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Ford Stock Rises After Outperforming Expected Earnings, While Tesla Falls
Ford Motor Co., the oldest U.S. automaker, surged today after beating expectations with first quarter earnings while Tesla, one of the youngest, continued to slide after reporting dismal results two days ago. Ford was up 10.74 percent, while Tesla fell 5.16…
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Managing Money With Moneycontrol │ Tax Planning Part II
In our personal finance segment, we’ll continue with our series on tax planning. Last week we talked about the various deductions you can get on expenses, today we’ll be focusing on the various tax proofs that you can collect through…
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Junk Bonds Make A Comeback In 2019, Issuance Soars: Report
Domestic issuers have also jumped into the market. HONG KONG: Sales of domestic junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish US…
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Want to donate to a political party? Try electoral bonds
What is an electoral bond? An electoral bond is a non-redeemable debt instrument. It is a bearer banking instrument to be used for funding eligible parties. An eligible political party is one which is registered under the constitution and has secured not less than 1%…
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