Stock Market
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HDFC Bank first quarter profit rises 19 per cent to Rs 9,196 crore
Mumbai: HDFC Bank on Saturday said its net profit rose by 19 per cent year-on-year to Rs 9,196 crore for the quarter ended June 30, 2022. The bank’s core net revenue (excluding…
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Rupee slips 14 paise to fresh low of 79.59 per US dollar
Mumbai: The rupee weakened by 14 paise to close at a new lifetime low of 79.59 against the US dollar on Tuesday as a strong greenback overseas and persistent foreign fund outflows…
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Small-cap indices witness sharp correction from the highs of Oct’21
New Delhi: Small-cap indices have corrected sharply from the highs of October 2021. While the Nifty-50 declined 15 percent from its October 2021 peak against a 20 percent decline in midcaps and…
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Tesla plans 3-way stock split to make its shares affordable
San Francisco: Elon Musk-run Tesla has asked its shareholders to approve a three-way stock split which will make its share more affordable. Tesla stock has jumped 43.5 per cent since the company’s…
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Indices slump sharply on global cues, Sensex tumbles over 1,000 pts
New Delhi: Domestic equity benchmark indices declined further as the session progressed and settled sharply lower on Friday, triggered by strong sell-off in global equities. With Friday’s slump, the indices have declined…
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Indices extend losses; Sensex, Nifty shed over 1% each
New Delhi: Domestic indices on Tuesday extended their losses from the previous session as the overall sentiments still remain cautious amongst investors as they are worried about inflation and benchmark interest rates,…
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Rupee slips 6 paise to 77.61 against US dollar
Mumbai: The rupee declined 6 paise to close at 77.61 against the US dollar on Thursday, as firm crude prices and relentless foreign capital outflows dented investor sentiment. However, a rally in…
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Indices settle low, weighed down by metal, IT, FMCG, media stocks
New Delhi: Indian equity benchmark indices traded in a narrow range on Tuesday and settled marginally in the red. The Sensex closed at 54,052.61 points, down 236 points, or 0.43 per cent,…
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Bharti Airtel’s revenues up 22% YoY, net profit 165% in Q4FY22
New Delhi: Telecom service provider Bharti Airtel posted quarterly revenues of Rs 31,500 crore in Q4FY22, up 22.3 percent year on year. The sharp rise in revenues was backed by strong and…
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Equity indices up in opening deals
New Delhi: Indian equity benchmark indices climbed in opening deals on Friday led by gains across all sectoral indices after a steep fall in the previous session and a consistent decline in…
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Opinion: The what and why of stock market crimes
By Prabhakar Kaza Fraud is never accidental. Much as most fraudsters have tried to convince the Press and the Judiciary, it is invariably pre-meditated. Above all, fraudsters know that it is their…
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Rupee slumps 38 paise to 76.73 against US dollar in early trade
Mumbai: The rupee depreciated 38 paise to 76.73 against the US dollar in the opening trade on Friday, weighed down by unabated foreign fund outflows and firm crude oil prices. At the…
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Equity market awaits US Fed meet for fresh cues: Swastika Investmart
New Delhi: The equity market is likely to kick off next week on a sombre note after a sharp fall in the US market overnight and the focus will shift to the…
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Wipro’s net income rises 4% to Rs 30.9 bn in Q4
Bengaluru, April 29 (IANS) IT major Wipro announced its financial results for the fourth quarter of FY22 ended March 31 on Saturday. According to an official statement issued by the company, its gross…