Gold demand up 8% to 136 tonnes despite high prices

[ad_1] Notwithstanding volatile prices, gold demand increased by eight per cent in the March quarter to 136 tonnes, against 126 tonnes a year ago, largely led by investments and a sudden fall in prices in February. In value terms it...

Broker’s call: L&T Technologies (Overweight)

[ad_1] Target: ₹5,600CMP: ₹4,714.85L&T Technology Services (LTTS) is the second ER&D company after PSYS to do a growth margin tradeoff in order to drive MT to LT growth by making investments currently where demand has moved sideways in order to...

Stocks research firm MarketsMojo plans to raise $20-50 mn

[ad_1] MarketsMojo, a stocks research and analysis firm, is planning to raise $20-50 million in Series A funding, with 10-15 per cent equity dilution as it ramps up its business, in the 21 countries where it provides its services, in...

Broker’s call: Tata Communications (Hold)

[ad_1] Target: ₹1,870CMP: ₹1,754.95Tata Communications’ (TCom) Q4FY24 print missed our estimate with organic digital revenue growth of just 5 per cent y-o-y; acquisition margin dipped 10 percentage points q-o-q to 2 per cent. Company anticipates near-term challenges to revenue growth,...

LIC sees 59% jump in value of investments in Adani stocks

[ad_1] LIC, the State-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani Group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short...

Pre-IPO investment sees 3x surge in FY24  

[ad_1] Companies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations could hit IPO prospects of internet companiesThis is three times the amount collected through...

Visakhapatnam Port Authority draws up action plan to achieve 90 mt cargo traffic in FY25

[ad_1] Visakhapatnam Port Authority (VPA) has set a cargo traffic target of 90 million tonnes (mt) for the financial year 2024-25, according to Madhaiyan Angamuthu, Chairperson, Visakhapatnam Port Authority (VPA).Also read:Gopalpur port buy will give Adani group bigger hold over east coast logisticsThe...

FPIs net debt investments soar to 7-year high, touches ₹ 1.2-lakh crore so far this fiscal

[ad_1] Foreign Portfolio Investors (FPIs) net investments in the debt market have hit a seven-year high so far this fiscal (till March 22) to touch ₹1.20 lakh crore. This was higher than the earlier record net inflows of ₹1.19 lakh...

Centre approves EV policy to attract foreign companies and promote manufacturing

[ad_1] In a major move to attract investments from reputed global companies, the Centre has approved an EV policy that will allow companies that invest a minimum of ₹4,150 crore in the country, meeting domestic value-added conditions, to import a...

Canada-based Fairfax notches up 20% plus returns on investments in 6 Indian cos

[ad_1] Investments in Digit, IIFL Finance, CSB Bank, NSE, Fairchem Organics and 5paisa have fetched handsome returns for Canada-based Fairfax Financial Holdings (FFH), generating a compounded annualised return of over 20 per cent.Digit gave a whopping (compounded annualised) return of...
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