Power Grid's Q1 FY24 net profit fell 4% to Rs 3,412 crore from Rs 3,542 crore last year. Revenue decreased by 2% to Rs 10,068 crore from Rs 10,245 crore ..read more

According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market in any capacity. The former liquor baron is also barred from any association with listed or proposed-to-be-listed companies. As part of the ban, Mallya's existing holdings of securities, including mutual fund units, will be frozen, the regulator stated ..read more

Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period ..read more

Gautam Adani’s power transmission unit, Adani Energy Solutions, prepared a share sale of at least 50 billion rupees, with banks ICICI Securities, Jefferies Financial, and SBI Capital as advisers. The sale could conclude by mid-August ..read more

Domestic gold prices recovered on Friday gaining by over Rs 500 per 10 gram in intraday trade, taking cues from international prices. The prices were up ahead of the crucial inflation data in the US which could give more clarity on the timing of the interest rate cuts by the Federal Reserve ..read more

Mutual fund investors were shocked when Sebi raided Quant Mutual Fund's offices for alleged front-running. The raid impacted various funds' performance, with some underperforming their benchmarks, while others like Quant Focused Fund outperformed. Despite this, the fund house's assets under management hit all-time highs, reflecting an increase in their total AUM and growth in several key funds ..read more

Thousands of athletes sailed through Paris's city center during the high-risk, unprecedented opening ceremony of the Olympics. French President Macron promised an incredible event. Security was tight with 45,000 police on duty. Notable performers included Lady Gaga and Aya Nakamura. The ceremony aimed to showcase diversity, gender equality, and French history ..read more

US Vice President and Democratic party nominee for Presidential elections, Kamala Harris held discussions with Israel Prime Minister Benjamin Netanyahu and told him that it is time to get a ceasefire "deal done," adding that she "will not be silent" about the suffering in Gaza, reported CNN ..read more

Shell companies at that address have acquired millions of restricted chips and sensors for military technology companies in Russia, many of which have been placed under sanctions by the U.S. government, according to an examination by The New York Times ..read more

Investors' faith fueled Dalal Street’s high valuation multiples, but Nomura cautioned on potential headwinds if domestic equity flows drop due to tax hikes. Nomura's 2024 Nifty target sees little upside. Key stock picks include SBI, ICICI Bank, and others. Sectors like housing, cement, and solar energy may benefit from budgetary changes ..read more