Fri, Jan 5, 2024 5:45 PM
GIFT City gives first nod to Premji’s family office to invest abroad
A Flip by Shubhangi Gupta
Anand Rathi, founder and chairman of Anand Rathi group shares his views on the outlook for the Indian stock market, broking. As retail investors join the equity bandwagon amid buoyant markets, ANAND RATHI, founder & chairman, Anand Rathi Group, said in an email interview with Puneet Wadhwa that the sector's growth offers opportunities for all stock broking firms focused on client needs.
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Indraprastha Gas Ltd (IGL) on May 7 reported an increase of nine percent in its consolidated net profit at Rs 433.29 crore for the fourth quarter of fiscal year 2023-24.The city gas distribution company had posted a consolidated net profit of Rs 397.51 crore a year ago, while it decreased almost nine percent on a quarterly basis from Rs 475.45 crore in the quarter ending December 31.
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Announcing the fifth quarterly profit decline in a row, chemicals maker SRF Ltd on May 7 reported that its specialty chemicals division has faced challenges due to both dumping and intense competition from Chinese manufacturers.Specifically, the fluorochemicals sector saw a downturn due to Chinese companies dumping the Indian and global markets with refrigerants.
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