slbm or stock lending offers at nse.
t.me/AlliesFin

Advice to investor” from RAMESHDAMANI

●Understanding the power to compounding early in the life is very important.
●It is very important to have independent thinking with integrity.
●One should have their own thought process.
●Make investment decision based on your own investment decision.
●Making money is more enjoyable than actually spending it.
●One should maintain individual frugality.
●You don’t need a 180 I.Q. in the stock market, it is fine to have I.Q. of 110-120. (Warren Buffett)
●People try to be super smart, time the market, & stumble along the way. You should approach it the right way.
●The market values Integrity, Intellectual independence, &Patience.
●Too clever by half people lose more than what they bargain for, by trying to be very smart.
●The market is graveyard, with tombstones of people who failed.
●The successful people are those who buy good business & keep them.
●It is not a place to get rich quick – one in a million might do it.
●Market is a place to create long – term wealth. Legends are told of how successful one has become so soon, but that’s not true. We all grind it out for years.

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 04-08-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +836* 😊

*INDEX FUT. : +1104*

*INDEX OPT. : -1909*

*STOCK FUT. : +1954*

*STOCK OPT. : -313*

*SEC. IN F&O BAN FOR, 07 AUG, 2023 :*

*1. IBULHSGFIN 2. PEL 3. HINDCOPPER 4. GNFC*

*ADDITION : IBULHSGFIN*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 04-AUG-2023 :*

*FIIS : SELL -556 (8,674-9,230)* 😩

*DIIS : BUY +366 (8,378-8,012)* 🙂

*BSE SENSEX : +480 (65,721)🔼*

*NSE NIFTY : +135 (19,517)*🔼

*BSE MIDCAP. : +195 (30,162)*🔼

*BSE SMLCAP. : +229 (35,070)*🔼

*B. CRUDE : $ 85.72* 🔼 😢

*GOLD: $1942=INR 58,370(10gr)* 🔽 😔

*SILVER : RS. 75,100 (kg) (5pm)* 🔽 😔

*FOREX : RS. $ 82.84* 🔽 😔

*7.26% GOI '33 : 7.1915%(100.4650)*🔽🙂

*7.41% GOI '36 : 7.2731% (101.1450)*🔽🙂

Independence Month Dhamaka
for Parents and Kids
By AAPKA SAARTHi @STOCKARTHi

Stock Market as a Source of 2nd Income

MasterClass Programs
Introduction Session
07 August to 27 August 2023,
Book your Free Slot in Advance.

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Photo from Axit D Shah Aapka Saarthi @STOCKARTHi Learn Market With Us !!

Market Updates


Dow -150.27 pts ,Nsdq -50.48 pts, S&P -23.86 pts , Bovespa -1078 pts , Ftse +35 pts , Dax +58 pts , Cac +54 pts , Crude @ $83.20 brl (+0.38), Brent @ $86.62 brl (+0.43) , Gold @ 1979.30 (+3.20), Silver @ $23.71 (-0.00), Euro @ $1.10002, JPY @ $141.79, INR @ 82.665




Today's Corporate Action
7th Aug Ex Date



GABRIEL
Final Dividend - Rs. - 1.6500
KARURVYSYA
Dividend - Rs. - 2.0000
NATFIT
Dividend - Rs. - 1.5000
NAVNETEDUL
Final Dividend - Rs. - 2.6000
PRISMMEDI
E.G.M. 
RITES
Interim Dividend - Rs. - 3.7500
SAKSOFT
Final Dividend - Rs. - 0.3500
STL
Final Dividend - Rs. - 0.2000



Stock under F&O ban on NSE
7-Aug-23



1 GNFC

2 HINDCOPPER

3 IBULHSGFIN

4 PEL

India Daybook – Stocks in News

Max Health: Net profit up 38.9% at ₹240 cr vs ₹172.8 cr, Revenue up 20.4% at ₹1,285 cr vs ₹1,067 cr (YoY) (Positive)

India Glycol: Net profit at Rs 51.0 cr vs Rs 29.0 cr, Revenue up at Rs 1894.0 cr vs Rs 1868.0 cr (YoY) (Positive)

Bayer Crop: Net profit at Rs 328.0 cr vs poll of Rs 302 cr, Revenue at Rs 1740.0 cr vs poll of Rs 1699.0 cr (Positive)

PB Fintech: Revenue up 31.9% at Rs 666 cr vs Rs 505 cr, Adjusted EBITDA at Rs 23 cr vs loss of Rs 66 cr (YoY) (Positive)

Jupiter Wagons: Net profit at Rs 63.0 cr vs Rs 13.0 cr, Revenue at Rs 753.0 cr vs Rs 295.0 cr (YoY) (Positive)

Indigo Paints: Net profit at Rs 31.0 cr vs Rs 20.0 cr, Revenue at Rs 288.0 cr vs Rs 224.0 cr (YoY) (Positive)

KIMS: Net profit at Rs 81 cr vs Rs 70 cr, Revenue at Rs 606.0 cr vs Rs 496.0 cr (YoY) (Positive)

SHK: Net profit at Rs 27 cr vs Rs 22 cr, Revenue at Rs 445 cr vs Rs 415 cr (YoY) (Positive)

Gland Pharma: Net profit at Rs 194 cr vs Rs 119 cr, Revenue at Rs 1209 cr vs Rs 857 cr (YoY) (Positive)

ITD Cem: Net profit at Rs 52 cr vs Rs 30 cr, Revenue at Rs 1833 cr vs Rs 1098 cr (YoY) (Positive)

HDFC bank: Bank is projected to increase weight in FTSE emerging all cap index from 0.81% to 1.52% (Positive)

Lupin: Digital Health launches Lyfe digital heart failure Clinic in India (Positive)

RailTel: Receives order worth ₹700 cr from Pimpri Chinchwad Smart City (Positive)

Adani Green: INQ Holdings buys 2.7% stake in Adani Green in a bulk deal. (Positive)

BEML: Gets the Letter of Acceptance from Bangalore Metro Rail Corporation for the supply of rolling stock contract 5RS-DM worth approx. Rs. 3,177 crores (Positive)

Insurance stocks: Mandatory insurance for shops and establishments in Maharashtra (Positive)

ICICI Lombard: July general insurance premium jumped by 22 percent YoY (Positive)

Star Health: July general insurance premium jumped by 17 percent YoY (Positive)

NIACL: July general insurance premium jumped by 9 percent YoY (Neutral)

Sobha: Net profit at ₹12.1 cr vs ₹4.5 cr, Revenue up 60.8% at ₹907.9 cr vs ₹564.6 cr (YoY). (Neutral)

Godrej CP: Net profit at Rs 319.0 cr vs poll of Rs 428 cr, Revenue at Rs 3448.9 cr vs poll of Rs 3600.0 cr (Neutral)

Rainbow: Net profit up 7.1% at ₹40.9 cr vs ₹38.2 cr, Revenue up 21.2% at ₹287.1 cr vs ₹237.1 cr (YoY) (Neutral)

Tata Chemicals: Net profit down 11.8% at ₹523 cr vs ₹593 cr, Revenue up 5.6% at ₹4,218 cr vs ₹3,995 cr (YoY) (Neutral)

Monte Carlo: Net loss at Rs 11.6 cr vs Rs 3.9 cr, Revenue at Rs 139.0 cr vs Rs 113.0 cr (YoY) (Neutral)

Olectra: Net profit up 8.4% at ₹18.1 cr vs ₹16.7 cr, Revenue down 23.2% at ₹216 cr vs ₹281.1 cr (YoY) (Neutral)

Indo Count: Net profit at Rs 74 cr vs Rs 77 cr, Revenue at Rs 741.0 cr vs Rs 703 cr (YoY) (Neutral)

Torrent Pharma: Net profit at Rs 378.0 cr vs Rs 354.0 cr, Revenue at Rs 2591.0 cr vs Rs 2347.0 cr (YoY) (Neutral)

IOC: Government extends current IOC Chairman Madhav Vaidya’s term by 1 year (Neutral)

Inox Wind: Block deal worth ₹500 cr at max 5% discount to CMP: media sources (Neutral)

MMTC: SEBI cancels the registration of MMTC as a stock broker for its involvement in illegal ‘paired contract’ in case pertaining to defunct

HLE Glascoat: Net profit down 40% at Rs 9.0 cr vs Rs 15.0 cr, Revenue down 4.0% at Rs 197 cr vs Rs 204.5 cr (YoY)

PWL: PwC has resigned as statutory auditors of Paytm's payments subsidiary with effect from August 07.

News Headlines from Business News Agencies:

Business Standard :

• Meesho becomes first horizontal e-commerce company to attain profitability

• Max Healthcare Q1FY24 results: PAT up 27% to Rs 291 cr, revenue jumps 17%

• A veg thali cost 34% more in July than June, thanks to tomatoes: CRISIL

• Marsh India expects growth of 20-25% in next year, says Sanjay Kedia

• Russia's oil to India in June the cheapest since Ukraine war began
• Centre to scrap tender for 4,675 e-buses amidst lacklustre OEM response

• Reliance Retail crossed 1 bn transaction mark in FY23, to ramp up FMCG biz

• Metropolis Healthcare eyes 60% revenue from B2C business in next 2-3 years

• Airtel launches Xstream AirFiber fixed wireless access device

• Poonawalla group appoints Keki Mistry as strategic advisor for fin services

• SC rejects Go First plea against Delhi HC nod to lessors to access planes

• Coromandel arm Dhaksha bags Rs 165 crore drone order from Indian army

• Jinesh Gopani quits Axis MF, to start own asset management venture

• Number of ITRs filed between Apr-June 2023 nearly doubled to 13.6 million

• Auto retail sales up 10% in July; three-wheelers at record pace: Fada

Economic Times :

• Jet Airways' CoC asks Jalan Kalrock Consortium to pay Rs 350 crore

• Odisha govt ropes in Bandhan Bank for tourism department's payment solutions

• Sebi to review, standardise company disclosures

• Whirlpool India Q1 Results: Firm posts fall in Q1 profit on soft demand

• Delhi government approves hike in circle rates of agricultural land

• Siemens Energy books $2.4 bn in charges for wind turbine issues

• State Bank of India bets on private capex to grow corporate credit, says Chairman

• Aramco reports $30 billion in Q2 profits, down 40% YoY

• Apraava Energy inks pacts with REC, PFC to get Rs 9,120 cr finance for its projects

• Tata Play starts beaming from its GSAT-24 satellite, to increase capacity to 900 channels

• Reliance plans crude unit maintenance at Jamnagar complex

• Toshiba prepares for $14 bn deal to go private

• Niti Aayog looking at tax related issues of engineering, leather, textile industry

Mint :

• Tata Chemicals Q1 Results: Net profits plunge 11.8% at ₹523 crore YoY

• The Ramco Cements Q1 net profit drops 30% to ₹79 crore; revenue rises 26% YoY

• India Cements reports net loss of ₹75.3 crore in Q1; revenue falls 3.7%

• NLCIL, CIL announce plans for new thermal power plants to meet energy demands

• Waaree Energies raises ₹1,000 crore in funding led by ValueQuest

• Indian companies raised ₹9.8 lakh crore from capital markets in 2022-23: SEBI

• FPIs pulled out ₹37,632 crore from Indian equities during 2022-23: SEBI

• Emami Q1 Results: Net profit rises 86.5% on year to ₹137.72 crore

• Lok Sabha clears Digital Personal Data Protection Bill amid disruptions by Oppn

• SBFC Finance IPO: Issue subscribed over 70 times on day 3

• IGX July gas volumes at 2.72 mmBtu

• Hotel occupancy down sequentially in June

• SBI to sell distressed loan accounts worth ₹96,000 crore

Global bits

✒️Asian markets softer as investors look to key inflation readings

✒️Rupee to weaken on dollar rally, RBI likely to intervene

✒️Pharma, IT stocks lift Indian shares at the start of data-heavy week

✒️Dollar creeps higher ahead of US, China economic data

✒️South African rand on back foot as caution reigns

✒️Australian July business conditions hold firm, costs jump anew

✒️US banker bonuses to sink as much as 25% on sluggish deals –consultant

✒️Japan's real wages down for 15th month in test for BOJ policy, economy

✒️Wall St closes up, regains ground as US inflation report nears

✒️S&P 500 quarterly earnings have been upbeat; revenue not so much

✒️European stocks end slightly higher as defence firms hit record high

✒️FTSE 100 ends lower as miners drag; defence firms rally

✒️Most Gulf markets track oil, global shares lower; Egypt gains

✒️Aramco fuels Saudi market's gains; Qatar eases

✒️UK house prices fall for 4th month but market shows resilience – Halifax

✒️Rainy July hurts UK retailers: spending growth slowest in 11 months

✒️India rate panel to dial up hawkishness even as it holds policy steady

✒️U.S. consumers saying 'bad time to buy' a house hits 13-year high in July

✒️China can no longer 'extend and pretend' on municipal debt

✒️China's exports likely contracted further in July, imports downturn seen slowing - Reuters poll

Source: Reuters
telegram.me/AlliesFin

Mkt. Updates :

GIFT Nifty -3 pts (19665) from last trade 19668 ,

Nikkei +130 pts ,
Hangseng -229 pts ,


Dow +407.51 pts ,Nsdq +85.16 pts, S&P +40.41 pts , Bovespa -128 pts , Ftse -9 pts , Dax -1 pts , Cac +4 pts , Crude @ $82.36 brl (+0.42), Brent @ $85.73 brl (+0.39) , Gold @ 1969.80 (-0.20), Silver @ $23.15 (-0.00), Euro @ $1.0989, JPY @ $143.07, INR @ 82.755


US GOVT. 10-YR YIELD : 4.07%


Today's Corporate Action, 08 Aug Ex Date :

ARCHITORG
Final Dividend - Rs. - 0.5000
CASTROLIND
Interim Dividend - Rs. - 3.0000
POWERGRID
Final Dividend - Rs. - 4.7500
RPEL
Bonus issue 1:1
SHALBY
Final Dividend - Rs. - 1.2000
STLTECH
Final Dividend - Rs. - 1.0000
TANAA
Interim Dividend - Rs. - 2.5000
WESTLIFE
Interim Dividend - Rs. - 3.4500


SEC. IN F&O BAN FOR, 08-AUG-23 :

1. BALRAMCHIN 2. GNFC 3. HINDCOPPER 4. IBULHSGFIN 5. INDIACEM 6. PEL


Today's Alert :

RBI to Conduct Auction of SDLS BONDS for INR 52.5 Billion

@AlliesFin

US markets rallied ahead of key inflation data to start the fresh week on a positive note. Dow gained 1.16%, its biggest single day gain since June 15, both S&P and Nasdsq snapped a four day losing streak, gaining 0.90% and 0.61% respectively, small cap Russell 2000 closed just above the flat line.

USD index traded flat near 102.05, 10 year moved a bit higher near 4.10, cboe vix closed lower at 15.77.

Crude futures traded flat with small negative bias, WTI traded below 83, Brent below 86.

Indian stocks moved higher building on Friday's gains led by IT and Pharma names, Sensex added 232 points to close just below 66000 and Nifty added 80 points to close near 19600.

Stocks may continue to show positive momentum ahead of key inflation data in the US and RBI policy outcome on Thursday. Investors may continue to rebuild portfolios as the results season draws its end by the middle of the month. For participants the continuation of rotational trade remains the best play for the near term.

Stay Tuned for Updates
Telegram.me/AlliesFin

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 08-08-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -593* 😩

*INDEX FUT. : +423*

*INDEX OPT. : -936*

*STOCK FUT. : -82*

*STOCK OPT. : +01*

*SEC. IN F&O BAN FOR, 09-Aug-23 :*

*1. CHAMBLFERT 2. HINDCOPPER 3. DELTACORP 4. IBULHSGFIN 5. INDIACEM 6. BALRAMCHIN*

*ADDITION : CHAMBLFERT, DELTACORP*
*DELETION : GNFC, PEL*

*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 08-AUG-2023 :*

*FIIS : SELL -711 (10,722-11,433)* 😩

*DIIS : BUY +537 (8,809-8,272)* 🙂

*BSE SENSEX : -107 (65,846)🔽*

*NSE NIFTY : -26 (19,571)*🔽

*BSE MIDCAP. : +46 (30,377)*🔼

*BSE SMLCAP. : +87 (35,249)*🔼

*B. CRUDE : $ 83.96* 🔽 😄

*GOLD: $1931=INR 58,190(10gr)* ↔️ 😳

*SILVER : RS. 74,300 (kg) (5pm)* 🔽 😢

*FOREX : RS. $ 82.83* 🔽 😔

*7.26% GOI '33 : 7.1643%(100.65)*🔽😊

*7.41% GOI '36 : 7.2455% (101.38)*🔽😊

HOS :-

SEBI introducing soon Circuit Limit in F & O Scripts for Daily Basis maximum ( Upper and lower side limit )

as cash segment Shares limit works .

Ye options traders valo ke rules change karva ke dum lega.

India Daybook – Stocks in News

Coal India: Net profit at Rs 7941.0 cr vs poll of Rs 6489.0 cr, Revenue at Rs 35983.0 cr vs poll of Rs 34998.0 cr (Positive)

Tasty Bites: Net profit at Rs 21.4 cr vs Rs 7.8 cr, Revenue up at Rs 154.0 cr vs Rs 120.0 cr (YoY) (Positive)

EIH: Net profit at Rs 103.8 cr vs Rs 62.0 cr, Revenue up at Rs 498.0 cr vs Rs 394.0 cr (YoY) (Positive)

Star Cement: Net profit at Rs 93.3 cr vs Rs 67.5 cr, Revenue at Rs 760.0 cr vs Rs 666.0 cr (YoY) (Positive)

Star Cement: Net profit at Rs 93.3 cr vs Rs 67.5 cr, Revenue at Rs 760.0 cr vs Rs 666.0 cr (YoY) (Positive)

Data Patterns: Net profit at Rs 26.0 cr vs Rs 14.0 cr, Revenue at Rs 90.0 cr vs Rs 68.0 cr (YoY) (Positive)

GE T&D: Net profit at Rs 28.0 cr vs Rs 6.0 cr, Revenue at Rs 718.0 cr vs Rs 590.0 cr (YoY) (Positive)

63 Moons: Net profit at Rs 39.3 cr vs loss Rs 3.2 cr, Revenue at Rs 115.0 cr vs Rs 40.8 cr (YoY) (Positive)

Eureka Forbes: Net profit at Rs 22.1 cr vs Rs 17.8 cr, Revenue at Rs 505 cr vs Rs 525 cr (YoY) (Positive)

EPL: Net profit at Rs 6.6 cr vs Rs 4.9 cr, Revenue at Rs 91.1 cr vs Rs 83.0 cr (YoY) (Positive)

JSL Ind: Net profit at Rs 1.95 cr vs Rs 0.33 cr, Revenue at Rs 12.5 cr vs Rs 11.5 cr (YoY) (Positive)

Steel companies: Media Sources: Finance Ministry and Steel Ministry have discussed the need for another PLI scheme for the steel sector (Positive)

GMR Airports: The company said its board will consider raising funds of up to Rs 5,000 crore during the meeting on August 14. (Positive)

Lupin: Gets U.S. FDA nod for fluocinolone acetonide body oil. (Positive)

SBI Life: IRDAI approves appointment of Amit Jhingran as MD & CEO of the company (Positive)

Uno Minda: Societe Generale has bought 13.07 lakh shares and ICICI Prudential Mutual Fund purchased 58 lakh shares (Positive)

Zee Learn: Company said it has signed a settlement agreement with JC Flowers Asset Reconstruction Private Ltd to settle its obligations (Positive)

Siemens: Net profit at Rs 455.0 cr vs poll of Rs 442.0 cr, Revenue at Rs 4873.0 cr vs poll of Rs 4900.0 cr (Neutral)

Birla Corp: Net profit down 3.6% at Rs 59.7 cr vs Rs 61.9 cr, Revenue up 9.3% at Rs 2,408.5 cr vs Rs 2,203.8 cr (YoY) (Neutral)

Jet Airways: Net loss at Rs 50.7 cr vs Rs 390.1 cr, Revenue at Rs 37.6 cr vs Rs 12.5 cr (YoY). (Neutral)

Oil India: Net profit down 10% at Rs 1,613.4 cr vs Rs 1,788.3 cr, Revenue down 16% at Rs 4,531.2 cr vs Rs 5,394.4 cr (QoQ) (Neutral)

Ashiana: Net profit at Rs 10.9 cr vs Rs 10.3 cr, Revenue at Rs 119.0 cr vs Rs 78.5 cr (YoY) (Neutral)

Mishra Dhatu: Net profit at Rs 18.54 cr vs Rs 17.7 cr, Revenue at Rs 182.0 cr vs Rs 109.0 cr (YoY) (Neutral)

Linde India: Net profit at Rs 98.0 cr vs Rs 169.0 cr, Revenue at Rs 721.0 cr vs Rs 588.0 cr (YoY) (Neutral)

Dhampur Sugar: Net profit at Rs 45.0 cr vs Rs 39.0 cr, Revenue at Rs 915.0 cr vs Rs 829.0 cr (YoY) (Neutral)

Vascon: Net profit at Rs 11.9 cr vs Rs 10.8 cr, Revenue at Rs 204.0 cr vs Rs 201.0 cr (YoY) (Neutral)

Dish TV: Net profit up 14.5% at Rs 20.5 cr vs Rs 17.9 cr, Revenue down 17.8% at Rs 500.2 cr vs Rs 608.6 cr (YoY) (Neutral)

Jay Bharat Maruti: Net profit at Rs 5.2 cr vs Rs 7.9 cr, Revenue at Rs 533.0 cr vs Rs 554.0 cr (YoY) (Neutral)

Prestige: Net profit at Rs 32.0 cr vs Rs 25.0 cr, Revenue at Rs 168.0 cr vs Rs 194 cr (YoY) (Neutral)

ITDC: Net profit at Rs 17.4 cr vs Rs 14.0 cr, Revenue at Rs 118.0 cr vs Rs 156.0 cr (YoY) (Neutral)

Adani Wilmar: Adani Enterprises has been considering a potential sale of its 44 percent stake in Adani Wilmar for a few months: media sources. (Neutral)

Inox Wind: The wind energy generator has sold more than 1.46 crore equity shares of its subsidiary Inox Wind (Neutral)

ICICI Lombard: Receives Show Cause Notice (SCN) from Directorate General of GST Intelligence alleging tax demand of Rs 273.44 crore

Gujarat Alkalies: Net loss at Rs 57 cr vs profit Rs 191 cr, Revenue at Rs 913.0 cr vs Rs 1128.0 cr (YoY)

GSFC: Net profit at Rs 112 cr vs Rs 346 cr, Revenue at Rs 2062.0 cr vs Rs 3018.0 cr (YoY)

Aarti Ind: Net profit down 48.5% at Rs 70 cr vs Rs 136 cr, Revenue down 12.2% at Rs 1,414 cr vs Rs 1,610 (YoY)

Dhunseri: Net profit at Rs 40 cr vs Rs 176 cr, Revenue at Rs 59.0 cr vs Rs 60.0 cr (YoY)

Century Enka: Net profit at Rs 13.5 cr vs Rs 40.3 cr, Revenue at Rs 428.0 cr vs Rs 567 cr (YoY)

Deepak Spinners: Net profit at Rs 2.2 cr vs Rs 12.5 cr, Revenue at Rs 113.0 cr vs Rs 155 cr (YoY)

Mangalam Cement: Net profit at Rs 14.7 cr vs Rs 28.1 cr, Revenue at Rs 420.0 cr vs Rs 514 cr (YoY)

Tamilnadu Petro: Net profit at Rs 13.6 cr vs Rs 27.6 cr, Revenue at Rs 449.0 cr vs Rs 555 cr (YoY)

Brigade: Net profit at Rs 21.9 cr vs Rs 64.6 cr, Revenue at Rs 653.0 cr vs Rs 902.0 cr (YoY)

Subex: Net loss at Rs 19.4 cr vs profit Rs 8.6 cr, Revenue at Rs 67.3 cr vs Rs 83.3 cr (YoY)

📰Today's News Headlines

Economic Times

📝 PLI 2.0 in works for steel, to focus on import substitution

📝 Ananya Birla-backed Svatantra to buy Sachin Bansal’s microfin biz for Rs 1,479 cr

📝 Adani Enterprises weighs exiting $6 billion Wilmar venture

📝 Siemens Q3 Results: Profit soars over 43% to Rs 424 cr; revenue rises 14%

📝 Hindalco Q1 Results: Profit declines 40% YoY to Rs 2,454 cr; revenue falls 9%

📝 India wheat prices jump to 6-month high on demand, limited supply

📝 India, US mutually resolve 2 trade disputes: WTO

📝 Dubai's economy maintains momentum, GDP rises 2.8% in Q1 to cross $30 billion

📝 After SBI, BoI looks to put bad loans worth Rs 15k cr on the block

📝 CCI clears proposed acquisition of HDFC Credila Financial Services

📝 Genus Power Infrastructures arm bags order worth Rs 2,210 crore

📝 TCS wins six-year-long Government e-Marketplace mandate

📝 B2B sourcing platform Bidso raises $1.5 million from PeerCapital, others

📝 Stable Money secures $5 million funding from Matrix, Lightspeed and others

Business Standard

📝 Fintech platform MobiKwik reports first ever consolidated PAT at Rs 3 crore

📝 Adani Ports Q1FY24 results: Consolidated net profit up 80% to Rs 2,119 cr

📝 Hero MotoCorp receives over 25,000 bookings for India-made Harley-Davidson

📝 Exide Industries to start lithium-ion cell project's phase-1 by FY25-end

📝 Birla Corp Q1 results: Consolidated net profit falls 3.6% to Rs 59.71 cr

📝 Oil India Q1 results: Profit rises 3.7% as petroleum product revenue slides

📝 Carlyle to acquire minority stake in Quest Global at $2 bn valuation

📝 Five states raise Rs 5,250 crore through an auction of govt paper

📝 Promoter pledging rises marginally to 1.36% in June quarter, shows data

📝 Coal India Q1FY24 results: Net profit falls 10% to Rs 7,941.40 crore

Financial Express

📝 Jindal Stainless ready for EU’s carbon tax, working on Scope 3 emissions

📝 ADF Foods Q1 net profit grows 93 per cent to Rs 14.7 crore

📝 HOCL net loss widens to Rs 23.03 crore in Q1

📝 Tata Power to invest Rs 13,000 crore in Maharashtra for 2 pumped hydro storage projects

📝 Moody’s downgrades 10 US banks, warns of possible cuts to others

📝 Mahila Samman scheme garners Rs 8,630 cr so far in FY24

📝 Apollo Hospitals seeks shareholders’ nod to raise Rs 500 cr through NCDs to part-fund capex

📝 Sebi categorises dues worth Rs 73,287 crore as ‘difficult to recover’

📝 Rupee falls 9 paise to close at 82.84 against US dollar

Mint

📝 Oberoi Hotels Q1 results: PAT jumps 61% to ₹106 crore

📝 Happiest Minds Q1 results: Net profit at ₹58.33 crore

📝 Gujarat State Fertilizers Q1 results: Revenue falls at ₹2,111.82 crore

📝 Covid genomics body to meet amid rise of new variant Eris

📝 Centre weighs resuming rice supplies to ethanol makers

📝 Essar Shipping Q1 Results: Net profit rises multi-fold to ₹26 crore

📝 Prestige Estates Projects Q1 results: Net profit soars 30.2% at ₹267 crore

📝 Chambal Fertilisers Q1 Results: Net profit dips 1% to ₹338.60 crore

📝 Parliament passes National Nursing Commission & National Dental Commission Bills

📝 IRCON Q1 Results: Net profit rises 30% to ₹187 crore, revenue up 36% YoY.

SEBI Has come Out with One More Investor Friendly Decision, Hats off! Below are Key Points

• Listing Timeline To Be reduced from T+6 to T+3 Days

•• It will be Optional for IPO Opening from 1 September & Compulsory from 1 December.

••• PAN Mentioned in Application Must match with PAN in Bank, RIP Third Party Application.