Markets regulator Sebi on Thursday announced the launch of an investors’ awareness campaign on All India Radio (AIR) specifically on frauds related to the securities market taking place through social media platforms. Also, Sebi in collaboration with the Ministry of Panchayati Raj has launched a nationwide training initiative for block-level panchayat representatives to promote financial […]
Nuvama Wealth Q1 Results: Profit grows 19% to Rs 264 crore
Nuvama Wealth Management on Thursday said its consolidated profit after tax (PAT) rose 19 per cent to Rs 264 crore in the April-June period of the current fiscal. Revenues during the first quarter of FY26 grew 15 per cent to Rs 770 crore, Nuvama said in a statement. Revenues from the Wealth Management vertical increased […]
ET Market Watch: Markets snap 6-week losing streak; IT & Pharma lead gains
Hi, you’re listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch — where we bring you the latest news from the world of stock markets every single day. Let’s get to it: Indian markets broke a six-week losing streak on Thursday, closing slightly […]
Tech is key, but people are the strongest defence against cyber frauds in financial markets: Sebi Chairman
Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Thursday said that people are the real custodians of financial markets notwithstanding that technology is essential to prevent cyber frauds. “Technology is essential, but people remain the most critical defence. Various studies show that a large number of breaches happen because of human […]
Hindustan Copper consolidated net profit rises 18% to Rs 134.28 crore in Q1
Hindustan Copper Limited (HCL) has reported an 18% y-o-y rise in consolidated net profit to Rs 134.28 crore for the first quarter of the current financial year. Consolidated total income rose 5% to Rs 526.65 crore. The higher profit is on account of expenses remaining flat at Rs 347.29 crore. A company statement said the […]
JSW Cement debuts on exchanges, aims to be among top 2 players
JSW Cement, which debuted on exchanges on Thursday, aims to be among the top two cement producers in the country, managing director Parth Jindal said. “To be a part of the JSW Group, we are not allowed to be in the top five or the top 10. If I have to have a bed in […]
Indian Oil’s Q1 profit more than doubles to Rs 5,689 crore
Indian Oil reported doubling of net profit to Rs 5,689 crore in the June quarter from Rs 2,643 crore a year earlier buoyed by robust marketing margins. Revenue from operations grew 1% to Rs 218,608 crore in the three months ended June. “Improvement in net profit is mainly on account of higher refining and marketing […]
Spandana Sphoorty posts Rs 360 crore Q1 loss on bad loan impact
Microfinance company Spandana Sphoorty Financial suffered a consolidated net loss of Rs 360 crore in the first quarter of the fiscal, making it the fourth consecutive quarterly loss, on account of high asset quality stress and drop in business volume as well as income. The lender had earned a consolidated net profit of Rs 56 […]
Eternal among 10 consumer discretionary stocks that hit 52-week high; rally up to 55% in a month – Performance tracker
On Thursday, the benchmark Sensex rose by 57 points, closing at 80,597. While the broader market saw a modest rally, 10 stocks from the BSE Consumer Discretionary Index reached their 52-week highs, marking their highest levels in the past year. Such breakouts are typically viewed by traders and investors as bullish signals, indicating strong upward […]
S&P 500, Nasdaq retreat from record rally after hot producer inflation data
Wall Street’s main indexes declined on Thursday, after a hotter-than-expected producer prices report dampened investor expectations of potential interest-rate cuts by the Federal Reserve this year. A Labor Department report showed the Producer Price Index rose 3.3% on an annual basis in July, higher than the 2.5% gain expected by economists polled by Reuters. On […]