European stocks slip as mixed earnings offset M&A cheer
Thu, Apr 25, 2024 3:58 PM

European stocks slip as mixed earnings offset M&A cheer

European stocks slipped on Thursday following mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh highs. The pan-European STOXX 600 index dipped 0.24% by 0745 GMT, hurt by losses in food and beverage and industrial good sectors. Tech stocks came under pressure after an underwhelming revenue outlook.

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European stocks slip as mixed earnings offset M&A cheer
Thu, Apr 25, 2024 3:50 PM

European stocks slip as mixed earnings offset M&A cheer

European stocks slipped on Thursday following mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh highs. The pan-European STOXX 600 index dipped 0.24% by 0745 GMT, hurt by losses in food and beverage and industrial good sectors.

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Anant Raj's net profit up 73.43% in Q4 FY24
Thu, Apr 25, 2024 3:49 PM

Anant Raj's net profit up 73.43% in Q4 FY24

Anant Raj has reported a growth of 73.43 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 84.01 crore in Q4 FY24 as against Rs 48.44 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 453.12 crore.

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✅Sensex surges 465 points at the close; Nifty near 74,300
Thu, Apr 25, 2024 3:35 PM

✅Sensex surges 465 points at the close; Nifty near 74,300

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 486.50 points or 0.66% at 74,339.74, and the Nifty was up 167.95 points or 0.75% at 22,570.35. 📊Among sectoral, Nifty PSU Bank(⬆️3.77%) turned out to be the best performer while Nifty IT (⬇️0.33%) saw considerable selling.

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Building your FY 2025 portfolio? Here are 5 real estate investment options
Thu, Apr 25, 2024 3:23 PM

Building your FY 2025 portfolio? Here are 5 real estate investment options

In 2023, the real estate sector showed resilience amid changing trends. Global economic recovery drove up demand for residential properties in India, thanks to low interest rates and a preference for smart living and luxurious ownerships. With India's status as one of the world's fastest-growing economies propelled by private spending and capital buildup, the real estate sector.

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Three people booked for duping developer over sale of land in Thane
Thu, Apr 25, 2024 3:21 PM

Three people booked for duping developer over sale of land in Thane

The police in Maharashtra's Thane district have registered a case against a couple and their son for allegedly cheating a builder of nearly Rs 42 lakh over the sale of land, an official said on Thursday. In his complaint, the 27-year-old builder, who lives in the Bhiwandi area, said the accused and he had signed an agreement a few months ago towards the sale of more.

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Sumadhura Group acquires 40 acres land for about Rs 800 crore in Bengaluru
Thu, Apr 25, 2024 3:19 PM

Sumadhura Group acquires 40 acres land for about Rs 800 crore in Bengaluru

Sumadhura Group has acquired 40 acres land in Bengaluru for approximately Rs 800 crore to develop residential projects with revenue potential of up to Rs 6,000 crore.The properties, acquired as four land parcels, are a combination of both solely-owned and joint-development projects.The company plans to develop four residential projects on these sites.

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ACC Q4 results: Net profit jumps 216% to  ₹748.54 crore
Thu, Apr 25, 2024 3:17 PM

ACC Q4 results: Net profit jumps 216% to ₹748.54 crore

ACC, the Adani Group cement manufacturer, reported a net profit of ₹748.54 crore for the fourth quarter of FY24, registering a sharp jump of 216% from ₹236.57 crore in the same period last year.The company’s revenue from operations rose 12.67% to ₹5,398.11 crore from ₹4,790.77 crore, year-on-year (YoY). The company’s consolidated sales volume during the quarter rose to 10.4 million tonnes.

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Peloton Stock Is Beaten Down Now, but It Could 10X
Thu, Apr 25, 2024 3:14 PM

Peloton Stock Is Beaten Down Now, but It Could 10X

Peloton Interactive (NASDAQ: PTON) was one of the market's favorite growth stocks during the pandemic. The maker of connected exercise bikes and treadmills flourished as brick-and-mortar gyms closed down, and that growth spurt coincided with the buying frenzy in growth and meme stocks throughout 2020 and 2021.As a result, Peloton's stock hit a record high of $167.42 on Jan. 13, 2021.

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Can charitable trusts invest in mutual funds and stocks?
Thu, Apr 25, 2024 3:08 PM

Can charitable trusts invest in mutual funds and stocks?

Ever since the covid pandemic, mutual fund investments and direct stock trading have become popular avenues for Indian investors seeking better returns to meet their financial goals ahead of time. However, large non-profit organizations are yet to realize the potential of these financial instruments. This article examines whether trusts (public or private), Section 8 companies.

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This Artificial Intelligence (AI) Stock Could Soar 70%
Thu, Apr 25, 2024 3:06 PM

This Artificial Intelligence (AI) Stock Could Soar 70%

Artificial intelligence (AI) stocks have skyrocketed in recent months, thanks to their potential to transform so many industries. There could be a lot of winners, including companies selling AI tools or using these tools to make their businesses more efficient. Investors who buy shares of these players could score a win, too.Even though many of these AI players have increased.

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Mutual Funds, Stock Market to Public Provident Fund: Top five investment
Thu, Apr 25, 2024 3:04 PM

Mutual Funds, Stock Market to Public Provident Fund: Top five investment

Top 5 investments that can make you rich: Becoming wealthy often requires a combination of financial discipline, smart investing, and patience. Investing in the stock market, either directly or through mutual funds or ETFs, can yield significant returns over time. Real estate, whether through rental properties or REITs, provides rental income and long-term appreciation.

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SBI share price climbs to a new peak as stock market pares morning losses
Thu, Apr 25, 2024 3:02 PM

SBI share price climbs to a new peak as stock market pares morning losses

After the gapdown opening in the early morning session on Thursday, the Indian stock market witnessed a strong rebound after intensified buying in the PSU segment. Shares of State Bank of India (SBI) also witnessed buying interest among Dalal Street bulls. SBI share price today opened downside at ₹770.65 apiece on NSE, but the Indian banking major bounced back strongly.

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Sensex surges 700 points: Key factors behind the bull run on Dalal Street
Thu, Apr 25, 2024 3:00 PM

Sensex surges 700 points: Key factors behind the bull run on Dalal Street

Indian headline indices took-off from the day's lows amid strong buying in banking stocks. The S&P BSE Sensex shot-up by nearly 700 points to top 74,500 mark while the broader Nifty50 hit a double ton to scale 22,600 level. Here's what led to the sharp upward move in the benchmark indices today: Buying in banksAxis Bank was the top contributor in today's market surge as it jumped over 6%.

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Analysts reboot Amazon stock price target ahead of earnings
Thu, Apr 25, 2024 3:00 PM

Analysts reboot Amazon stock price target ahead of earnings

Andy Jassy ain't no Isaac Newton, but he knows how gravity works. Responding to what he called a "provocative question," the Amazon chief executive explained the secret to the e-commerce giant's resilience in his annual letter to shareholders. Amazon is scheduled to report first-quarter results on April 30. A year earlier, Amazon earned 31 cents a share on $127.4 billion.

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