Reported Consolidated quarterly numbers for Zodiac Clothing Company are: Net Sales at Rs 36.51 crore in December 2023 down 20.75% from Rs. 46.07 crore in December 2022. Quarterly Net Loss at Rs. 2.72 crore in December 2023 up 61.58% from Rs. 7.07 crore in December 2022. EBITDA stands at Rs. 3.83 crore in December 2023 up 822.64% from Rs. 0.53 crore in December 2022.
Open FlipThe National Pension System (NPS) allows individuals to plan and build a retirement corpus. Under this scheme, subscribers must select a Pension Fund Manager (PFM) and choose between active or auto investment options. The NPS has seven PFMs, each with a different investment strategy and asset allocation. Subscribers to the NPS can choose to have their investments actively managed.
Open FlipA recent report by Stride Ventures revealed that India's venture debt market surpassed the billion-dollar mark in 2023, with a 50% increase from the previous year. This marks a CAGR of 34% and highlights the growing importance of venture debt as an asset class in India. In contrast, VC investment in Indian startups saw a significant decline last year, with a 60% drop.
Open FlipKumar Mangalam Birla launches Birla Opus, Aditya Birla Group's entry into the paints market in India. Birla is optimistic about Indian economy and construction sector's potential to drive growth. Birla Opus uniquely positioned to capitalize on rising paint consumption and government's push for infrastructure and housing development. India expected to reach $10 trillion economy by 2034.
Open FlipA F Enterprises reported its quarterly financial results with an increase in net sales by 5.13% and a decrease in net loss by 369.11% compared to the same quarter last year. The company's EBITDA also decreased by 32%. The stock price closed at 7.04 on February 21, 2024 and has had negative returns of -1.81% over the last 6 months and -61.63% over the last 12 months.
Open FlipPaytm Payments Bank's (PPBL) exit from the Fastag market due to regulatory issues has opened up opportunities for its rivals. Airtel Payments Bank expects to gain 1 million new customers in the next four months, taking advantage of PPBL's troubles. This also means that other banks, such as HDFC and ICICI, will see an increase in Fastag users as PPBL customers are forced to switch to other banks.
Open FlipExperts predict that the market will consolidate before reaching its record high of 22,249. Support levels are at 22,000 and 21,750, while resistance levels are at 22,300 and 22,500. The market saw a bearish trend reversal but still maintained higher-high, higher-low formation. DLF, State Bank of India, and Raymond outperformed the market and are expected to continue their bullish trends
Open FlipICRA forecasts that the issuance of Securitised Debt Instruments (SDIs) by corporate entities will reach Rs 100 crore in FY2023-24. SDIs are backed by assets such as lease rentals, trade receivables, or debenture receivables. In the current FY2020, nine transactions worth Rs 75 crore have been executed, with increasing participation from retail investors.
Open FlipRBI Floating Rate Savings Bonds are a secure investment option for Indian residents with an interest rate tied to the National Saving Certificate rate, plus 35 basis points. These non-tradeable bonds are guaranteed by the government and have a maturity period of seven years. Senior citizens can redeem them early, and there is no maximum limit for investment. Interest income is taxable.
Open FlipReported Consolidated quarterly numbers for Starteck Finance Limited are: Net Sales at Rs 7.39 crore in December 2023 up 9.26% from Rs. 6.76 crore in December 2022. Quarterly Net Profit at Rs. 2.75 crore in December 2023 up 22.55% from Rs. 2.24 crore in December 2022. EBITDA stands at Rs. 6.37 crore in December 2023 up 6.34% from Rs. 5.99 crore in December 2022.
Open FlipReported Standalone quarterly numbers for ACE Integrated Solutions are: Net Sales at Rs 2.37 crore in December 2023 up 89.6% from Rs. 1.25 crore in December 2022. Quarterly Net Loss at Rs. 0.16 crore in December 2023 down 420% from Rs. 0.05 crore in December 2022. EBITDA stands negative at Rs. 0.11 crore in December 2023 down 210% from Rs. 0.10 crore in December 2022.
Open FlipBy 2047, India aims to become an exporter of green energy to attract capital. The G20 sherpa Amitabh Kant highlights the importance of addressing climate change and encourages countries to go green in order to attract investments. He suggests that by 2050, 90% of the country's energy requirements should come from renewable sources. Kant also emphasizes the need for a strong policy.
Open FlipReported Standalone quarterly numbers for Arshiya are: Net Sales at Rs 3.44 crore in December 2023 down 66.6% from Rs. 10.30 crore in December 2022. Quarterly Net Loss at Rs. 39.08 crore in December 2023 down 31.59% from Rs. 29.70 crore in December 2022. EBITDA stands negative at Rs. 0.58 crore in December 2023 up 90.84% from Rs. 6.33 crore in December 2022.
Open FlipLast week, drones projected the Bitcoin symbol above a major ETF gathering in Miami. Inside, industry insiders were discussing the potential impact of regulatory approval for new share-class structures, which would bring tax efficiency to mutual funds. This could lead to thousands more ETFs and significant growth for the industry. The SEC has yet to make a decision.
Open FlipIndian exporters have seen a 3.1% rise in outbound shipments in January, indicating some resilience to the recent Red Sea crisis. However, a survey by FIEO shows that $64 billion worth of Indian exports across sectors such as plastic, rice, and garments could be impacted. The crisis has led to disruptions in global trade via the Suez Canal and is affecting countries like the UK, USA, and Europe.
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