BUSINESS
OYO set to report its first net profit of Rs 16 cr in Q2 FY24
In a letter to the company’s top management, seen by IANS, OYO founder Ritesh Agarwal shared that Q2 FY2024 will mark the company’s maiden profitable quarter with a projected profit after tax (PAT) of over Rs 16 crore.
Zerodha reports revenue of Rs 6,875 cr, profit at Rs 2,907 cr for FY23
In FY22, the company had reported a revenue of Rs 4,964 crore and a profit of Rs 2,094 crore.
Markets likely to remain under pressure as US bond yields at 16 year highs
Nifty traded sideways amid subdued global cues and closed flat to negative at 19669 levels. Also mounting concerns over China’s real estate sector, and FIIs offloading in domestic equities dampened the sentiments, he said.
India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers
Addressing the All India Management Association (AIMA) conference here, he further added that the competition in the market is huge.
China propels Apple’s growth in last 9 years, net sales up by 128%: Report
According to StockApps.com financial analyst Edith, "China has been a vital market for Apple, contributing significantly to the company’s global sales. The Chinese market has seen remarkable growth and challenges for Apple in the past decade".
CPEC expansion plan hits roadblock
Sources have confirmed that China has not agreed to expand cooperation with Pakistan in several areas including energy, water management and climate change under CPEC.
Stock exchanges introduce pre-emptive surveillance measures for small and mid-cap stocks
Market participants may note that the TFT framework shall be in conjunction with all other prevailing surveillance measures being imposed by the exchanges from time to time, BSE said in a circular.
Govt likely to offer interest subsidy on loans to small home buyers
Prime Minister Narendra Modi has already announced the plan in his Independence Day speech from the ramparts of the Red Fort and work on implementing the scheme, which will be put up for Cabinet clearance, is now underway, the official said.
'US economy headed China's way as debt outpaces growth'
The US economy could face a "long, slow grind" as huge debts take their toll. There has been $8 trillion in new federal spending since 2021.
Stock exchanges introduce pre-emptive surveillance measures for small and mid-cap stocks
Market participants may note that the TFT framework shall be in conjunction with all other prevailing surveillance measures being imposed by the exchanges from time to time, BSE said in a circular.
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