Maharashtra leads in private equity investments in FY24, while overall investment drops

[ad_1] Maharashtra has emerged as the top state, surpassing Karnataka in total money flow for the fiscal year 2023-24 in terms of private equity investments (PE funds) in India. In 2022-23, Karnataka has topped the list for maximum PE investments...

Reliance Retail profit up 11.7 per cent in Q4

[ad_1] Reliance Retail reported a 11.7 per cent growth in net profits for the fourth quarter ended March 31, 2024, to ₹2,698 crore compared with ₹2,415 crore in the same period last year. The profit is lower than the third...

At ₹7,969 crore, Infosys records flat net profit in Q4, guides modestly for FY25

[ad_1] Bengaluru-based IT major Infosys registered flat revenue growth in the fourth quarter, missing market expectations. Its guidance for FY25 too remained conservative, amid a continued downturn for the sector. Revenue from operations stood at ₹37,923 crore, flat on a quarter-on-quarter...

Most PMS schemes beat Nifty in FY24

[ad_1] The majority of portfolio management services (PMS) schemes outperformed the benchmark Nifty 50 and BSE 500 in financial year 2024 amid a rally in mid and small-cap stocks. As much as 80 per cent, or 264 of the 324...

NH works pause as netas hit campaign trail

[ad_1] Despite a brisk pace of road construction during fiscal year 2023-24, the Ministry of Road Transport and Highways is likely to miss its target. It may end FY24 with constructing only 94 per cent of the targeted 13,814 km...

GeM doubles procurement to ₹4-lakh crore in FY24

[ad_1] The government’s online public procurement platform, Government e Marketplace (GeM), has doubled its Gross Merchandise Value (GMV) to ₹4-lakh crore in fiscal year 2023-24, compared with the previous fiscal and a “small pilot” is now being planned to see...

Banks’ overall profit in Q4FY24 could be buoyed by treasury gains

[ad_1] FY24 has ended on a positive note for Bank treasuries, with Government Securities’ (G-Secs) yields softening on a year-on-year (y-o-y) as well as quarter-on-quarter (q-o-q) basis.What this means is that treasury profits could buoy Banks’ overall profitability in the...