Nisus Finance, based in Mumbai, has invested INR 24.5 crore in a residential group housing project in Greater Noida, using its Real Estate Special Opportunities Fund-1 (RESO-1) fund. The investment comes as the project, Skytech Colours Avenue, has completed about 30% of its construction, and comprises a total saleable area of around 6,80,000 square feet across five towers.

The Central Bureau of Investigation has conducted searches at seven locations, including the offices of Jet Airways and its founder Naresh Goyal, in connection with an alleged bank fraud case worth Rs 538 crore. The search operation covered the residences and offices of Goyal, his wife, and a former director of the airline. The CBI has registered a new case based on a complaint from Canara Bank.

The Pepe memecoin has surpassed a market cap of $1 billion, making it one of the top 50 most valuable crypto tokens. Despite warnings from Binance that it was created by an anonymous team and has no utility, the token was listed on the exchange. The Pepe crypto token is designed based on the popular Pepe the Frog cartoon meme.

Ashirwad Capital Ltd., a small-cap firm in the financial services sector, announced its Q4 results and a 1:2 bonus share for eligible shareholders. The Board of Directors recommended the bonus issue, which is subject to shareholder approval. The company's market valuation at today's close was Rs. 24.04 Cr.

Britannia Industries, the FMCG major, exceeded analyst expectations by posting a 47.06% YoY increase in consolidated net profit at Rs. 558.66 crore for the quarter ending March 2023. The company also reported a total revenue from operations of Rs. 4,023.18 crore, a 13.31% growth compared to the same quarter in the previous year.

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Federal Bank's consolidated net profit for Q4FY23 increased by 62.4% to ₹953.91 crore compared to the same quarter last year, while total revenue rose by 38.6% to ₹5,780.78 crore. On a standalone basis, the net profit increased by 67% to ₹902.61 crore and total income surged by 38.2% to ₹5,454.60 crore.

The share price of AurionPro Solutions increased by 6% on May 5 after its subsidiary Aurionpro Payment Solutions was granted permission to operate as a payment aggregator by the Reserve Bank of India. The stock closed at Rs 454.10, extending the climb for the fifth day. Payment aggregators are entities that enable e-commerce sites and retailers to accept multiple payment methods from consumers.

Wednesday, Havells India Ltd reported an increase of 1.57% in its consolidated net profit to 358.04 crores for the fourth quarter ending March 31, 2023. The consumer electronics manufacturer reported a Q4FY22 consolidated net profit of 352.48 crores. Analysts report that the price has surpassed a key resistance level of 1,250, with robust volumes confirming a bullish breakout.

Check out the gainers and losers of today: 📌TVS Motor Company: Gained 4% 📌Manappuram Finance: Slumped 10% 📌Hero Motocorp: Surged 1% 📌AGI Greenpac: Soared 20% 📌Dabur India: Shed 4% 📌One97 Communications: Jumped 3% 📌Bharat Heavy Electricals Ltd: Declined 5% 📌HDFC Bank: Plunged 5% 📌Fertilizers & Chemicals Travancore: Nosedived 10% 📌CEAT: Hiked 3.5%

Gold prices fell Rs 160 to Rs 62,040 per 10 grammes on Friday due to a decline in international precious metal prices. The previous close for the yellow metal per 10 grammes was Rs 62,200. However, silver increased by Rs 650 to Rs 77,950 per kilogramme. On the international market, gold quotes were lower at USD 2,040 per ounce, while silver quotes were higher at USD 25,88 per ounce.

On May 5, Marico reported an 18.6% increase in total net profit to Rs 305 crore for the Jan-March 2023 quarter from Rs 257 crore. Other income, including a Rs 28 crore gain from selling land overseas, was included in the bottom line. Operations revenue rose 3.6% to Rs 2,240 crore. EBITDA rose 13.6% to Rs 393 crore. Margins rose to 17.5% from 16% a year earlier.

Oil prices rose on May 5, but markets fell on fears of a faltering US economy and slowing Chinese demand, putting them on track for a third straight week of losses. The slowdown has caused investors to abandon risk, resulting in market declines. Brent crude oil futures increased $1.22, or 1.7%, to $73.72 per barrel, while US West Texas Intermediate rose $1.11, or 1.6%, to $69.67 per barrel.

DCB Bank announced its Q4 earnings and dividend declaration. At its meeting convened today, the Bank's Board also recommended a dividend of Re.1.25/- per equity share with a par value of Rs.10/-, subject to the necessary approvals. Profit After Tax (PAT) for the fourth quarter of fiscal year 2023 was 142 billion rupees. The net income for the fourth quarter of 2022 was 113 Cr.

Piramal Enterprises reported a net loss of ₹196 Cr for the March 2023 quarter. This compares to a net profit of ₹150.53 Cr for the same period last year. The company stated that the MTM loss of ₹375 Cr on Shriram investments led to the net loss. The board has proposed a dividend of ₹31 per share, subject to shareholder approval. The total dividend payout would amount to ₹740 Cr.