🛑RBI puts PTC Financial Services under the scanner
Fri, Jan 13, 2023 9:13 PM

🛑RBI puts PTC Financial Services under the scanner

🛑The Reserve Bank of India (RBI) has tightened its grip on PTC India Financial Services. This came after almost a year when three independent directors highlighted issues of corporate governance while resigning from the board, the company’s management and its parent. 👉The RBI has asked the NBFC to answer some of the questions raised in the recently-conducted forensic audit.

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HDFC Bank's net profit expected to grow 14% in Q3
Fri, Jan 13, 2023 9:05 PM

HDFC Bank's net profit expected to grow 14% in Q3

HDFC Bank is likely to log a 14% growth in PAT in Q3FY23 on the back of a 22% hike in net interest income (NII) and steady margins. A poll by six brokerages indicate that the private sector lender is likely to post a net profit of Rs 11,754 crore in Q3, and an NII of Rs 22,427 cr. The robust NII growth is expected thanks to a healthy 19.5 per cent loan growth.

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Garuda Aerospace eyeing to debut on exchanges by 2024 end
Fri, Jan 13, 2023 8:57 PM

Garuda Aerospace eyeing to debut on exchanges by 2024 end

Garuda Aerospace is eyeing to debut on the stock exchanges by the end of 2024. Founded in 2015 by Agnishwar Jayaprakash, Garuda Aerospace produces and sells drones along with offering drone-as-a-service (DaaS). The startup, valued at $250 Mn presently, is planning to close the FY23 with a revenue of INR 100 Cr. Garuda Aerospace targets to sell 25,000 drones in upcoming 18 months.

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📢 Here's what you can expect from the US Markets on Friday the 13th👉
Fri, Jan 13, 2023 8:34 PM

📢 Here's what you can expect from the US Markets on Friday the 13th👉

📊It's Friday the 13th, and already markets are looking rather scary during the morning session. Markets pushed through 3900 on the close yesterday, analysts have cautioned about whether that level holds through earnings season. The VIX plunged yesterday, tanking over 10%. That's a red flag, and combined with the overbought market and oscillator readings there could indicate a negative blow.

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This SME stock to announce bonus shares and stock split
Fri, Jan 13, 2023 8:18 PM

This SME stock to announce bonus shares and stock split

Small-cap firm Captain Pipes' e Board of Directors will meet on Friday, 27th January 2023, at the Registered Office of the company to discuss the sub-division / split of the company's equity shares having a face value of Rs. 10/- each. The company's board will also consider the issuance of Bonus Shares to the shareholders of the Company.

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Build Long Term Wealth With Crypto The Right (&The Simplest) Way
Fri, Jan 13, 2023 8:00 PM

Build Long Term Wealth With Crypto The Right (&The Simplest) Way

Diversifying your portfolio into multiple asset classes is one of the best & trusted ways to build long-term wealth. Often highly rewarding investments come with associated market risks. Mudrex thus enters the picture & lets you minimize risks to further grow your wealth with its expert-managed crypto baskets called Coin Sets.

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Dr Reddy's buys trademark rights for Pfizer's breast cancer medication
Fri, Jan 13, 2023 7:54 PM

Dr Reddy's buys trademark rights for Pfizer's breast cancer medication

Dr Reddy’s Lab bought the trademark rights for the breast cancer medication PRIMCYV from Pfizer Products India for use in the Indian market. The move will bring in affordable breast cancer treatment as the nation witnesses an increase in the disease. Breast cancer is now the most common cancer among women. Almost four out of ten women diagnosed with breast cancer succumbed to the illness.

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🛑 Wall Sheading towards a negative start after bank results; Tesla slumps
Fri, Jan 13, 2023 7:43 PM

🛑 Wall Sheading towards a negative start after bank results; Tesla slumps

🛑Wall Street's primary indices are likely to open lower today amid remarks from major U.S. bank executives deepened concerns about the Fed's monetary tightening impacting economic growth. 📊Additionally, Tesla Inc fell 6% after reducing EV prices in the US and Europe by as much as 20%. 👉At 8:11 a.m. ET, Dow e-minis tabked 0.78%, S&P 500 e-minis plunged 0.93% and Nasdaq 100 e-minis fell 1.10%.

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Reliance Industries to declare its Q3FY23 earnings update on January 20
Fri, Jan 13, 2023 7:33 PM

Reliance Industries to declare its Q3FY23 earnings update on January 20

Reliance Industries Ltd (RIL) today announced that it would declare its standalone and consolidated financial results for Q3FY23 on January 20 (Friday). The blue-chip giant further stated that it will go ahead with a presentation regarding the financial results of the company to analysts and media on the same day after the meeting. Today, RIL stock closed 0.19% lower at Rs 2,467.35 apiece.

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India’s first CoE for Online Gaming to come up in Shillong
Fri, Jan 13, 2023 7:24 PM

India’s first CoE for Online Gaming to come up in Shillong

The Union Government today announced that the country’s first Centre of Excellence (CoE) for online gaming would come up in Meghalaya’s Shillong by March, 2023. The Minister of State (MoS) for Electronics and Information Technology (MeitY) Rajeev Chandrasekhar made this announcement during a public event in the northeast city of India. 

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D-Mart's consolidated net profit likely to grow 17% YoY
Fri, Jan 13, 2023 7:18 PM

D-Mart's consolidated net profit likely to grow 17% YoY

Avenue Supermarts will announce its Q3 results tomorrow. The operator of retail chain D-Mart's consolidated revenue from operations is likely to stand at Rs 11,504 crore, higher by 25 percent YoY and 8.1 per cent sequentially. Its EBITDA (Earnings before interest, tax, depreciation and amortisation) may increase 16.6 per cent YoY and 13.4 per cent QoQ to Rs 1,010 crore.

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BitBoy crypto says that BTC may run up to $25,000-$30,000 within 15 weeks
Fri, Jan 13, 2023 7:05 PM

BitBoy crypto says that BTC may run up to $25,000-$30,000 within 15 weeks

Ben Armstrong, also known as "BitBoy," predicts that Bitcoin will have "a couple of nice rallies" and may reach $25,000 to $30,000 within the next 10 to 15 weeks. Armstrong also mentioned that he sees bullish sentiment rising in the crypto community now that Bitcoin has risen above the $18,000 and $19,000 levels.

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Fri, Jan 13, 2023 7:00 PM

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Citi: Solana blockchain activity remains high
Fri, Jan 13, 2023 6:55 PM

Citi: Solana blockchain activity remains high

Despite the estimated 50 million solana (SOL) tokens being locked in crypto exchange FTX's Chapter 11 proceedings, activity on the Solana blockchain remains high, according to a research report by Citi. The report noted that key metrics such as active addresses and daily non-fungible-token (NFT) volume have returned to pre-FTX-collapse level.

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Drug companies prefer biotech meds over pills
Fri, Jan 13, 2023 6:50 PM

Drug companies prefer biotech meds over pills

Drug manufacturers are focusing on developing complex biotech medicines over traditional pill-based treatments. This is due to recent legislation in the United States that grants biologics longer protection from government price limits. The Inflation Reduction Act (IRA) passed by Democrats in August allows the Medicare program to negotiate prices for certain medications.

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