Month: April 2023

IIM Kashipur launches an executive programme in Rail Management

Indian Institute of Management (IIM) Kashipur and Zenith Railway Academy have announced the launch of an executive management programme for modern-day railway professionals, as per the official announcement from the institute. The 11-month ‘Executive Post Graduate Certificate in Rail Management’…

Alkem Laboratories posts buoyant growth in Q2; Should you buy, hold or sell the stock?

Alkem Laboratories’ share price climbed 4.76% to Rs 4,219 after the company reported a 76.83% rise in consolidated net profit at Rs 614.89 crore for the second quarter of FY24 compared to Rs 347.72 crore in Q2FY23, in a regulatory…

Global trends, crude oil prices, Q2 earnings to drive mkts in holiday-shortened week: Analysts

Domestic equity markets will be driven mainly by quarterly earnings, global trends, and the movement in crude oil prices in this holiday-shortened week, analysts said. Investors would also keep an eye on the Middle East amid the ongoing Hamas-Israel conflict…

Allcargo Group restructuring: Contract Logistics with Gati, International Supply Chain to become independent businesses

Allcargo Logistics Limited Board and Allcargo Gati Limited board have approved the composite scheme of arrangement for restructuring of businesses under Allcargo Limited and Allcargo Gati Limited (Formerly Gati Limited). “As per the scheme, International Supply Chain (ISC) business will…

Rupee falls 2 paise to close at 83.22 against US dollar

The rupee pared its initial gains and settled for the day 2 paise lower at 83.22 (provisional) against the US dollar as the support from positive domestic equities was negated by rising crude oil prices. Forex traders said a positive…

Top 10 trending travel destinations in 2023: Your ultimate holiday guide

This year witnessed a continuation of the “revenge traveling” trend, where individuals, post-pandemic, eagerly packed their bags to explore destinations missed during the global lockdown. Google’s recent end-of-the-year report reflects the fervent search for immersive travel experiences. For those seeking…

‘Respected PM Modi…’ – Bajrang Punia returns his Padma Shri after Brij Bhushan’s aide is elected as WFI boss

Bajrang Punia, the celebrated wrestler, on Friday announced that he will be returning his Padma Shri award. In a statement posted on X (formerly Twitter), Punia said that he was taking this step to protest against Brij Bhushan Sharan Singh’s…

11 firms enter the Rs 1-trillion m-cap club

As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others. This is a rise of 19% over FY23….

Legends sitting on cash: Jittery waters ahead for investors

By Sunny Sabharwal and Rajesh Mehta “This may be the most dangerous time the world has seen in decades.” – Jamie Dimon, CEO of JP Morgan Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned…

Mudra loan NPA 2.68% of advances as of June 2023: Govt data 

The total non-performing assets (NPAs) as a percentage of credit disbursed under the Pradhan Mantri MUDRA Yojana (PMMY)as of June, 2023 stood at 2.68 per cent, according to the data shared by Bhagwat Karad, Minister of State in the finance…