Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets. Take for instance, the banking index. In the past one year ended April 22, 2024, the Nifty Bank index has given only 12.41% returns compared to 25.89% rise
Open FlipMinority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses.Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with its promoter ICICI Bank.
Open FlipShakti Pumps India Q4 Results Live : Shakti Pumps India declared their Q4 results on 26 Apr, 2024. The topline increased by 233.56% & the profit increased by 3888.17% YoY.Compared to the previous quarter, the revenue grew by 22.93% and the profit increased by 98.39%.The Selling, general & administrative expenses rose by 14.19% q-o-q & increased by 65.56% Y-o-Y.
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