Gold imports to India witness a 27% spike in March quarter

The net import of gold by India went up by 27 per cent during the March quarter of calendar year 2019 on the back of fall in prices and high demand on... Read more »

IIFL’s new venture targets fresh graduates with its financial advisory product.

IIFL has provided an instant solution for countless graduates and job-seekers with its Advisor Anytime Anywhere (AAA) product. This new venture hopes to establish a fresh league of young, budding and independent... Read more »

Big Basket secures funding of USD 150 million, enters India’s unicorn club

Online grocery store Big Basket has reportedly received a fresh round of funding worth USD 150 million (about Rs 1,040 crore) led by Chinese e-tailer Alibaba and other investors including, South Korean... Read more »

HUL sees underlying volume growth of 7%, EBITDA up 90 bps in quarter ending March 2019.

Hindustan Unilever Limited (HUL) reports its results for the quarter ending 31st March 2019. Domestic Consumer Growth was 9% with Underlying Volume Growth at 7%. EBITDA margin was up 90 bps and... Read more »

Mr. Shaktikanta Das and the moment of truth in policy rate cuts

Speaking at the International Monetary Fund (IMF)-World Bank Spring Meetings in Washington recently, Reserve Bank of India Governor Shaktikanta Das made an extremely significant point, far reaching in its ramifications, and one... Read more »

Telecom tribunal allow stay on Rs 8,300 crore DoT demand for Airtel-Tata Teleservices merger

Telecom tribunal TDSAT Thursday granted partial stay order on Rs 8,300 crore demand raised by the telecom department from Bharti Airtel for approving its merger with Tata Teleservices. The TDSAT has asked... Read more »

Bombay Dyeing shares up 12% on strong Q4 earnings, with a standalone profit of Rs 1,253.33 cr

Shares of Bombay Dyeing & Manufacturing was up 12 per cent in the early trading hours on Friday, after the company achieved decent fourth quarterly earnings. On Thursday, the company reported a... Read more »

89% of investors who redeemed from hedge funds in 2018 expect to recycle the capital says Credit Suisse survey

Credit Suisse recently released its 2019 Hedge Fund Investor Survey, entitled “Trimming the Sails”, which polled over 310 institutional investors globally representing US$1.12 trillion in hedge fund investments. Participants were quizzed on... Read more »

L&T Infotech profit up 36.2% to Rs 1,515.5 crore in FY19, revenue soars 29%

Larsen and Toubro Infotech, the software services arm of L&T group, ended the financial year 2018-19 with 36.2 per cent growth in consolidated net profit at Rs 1,515.5 crore from Rs 1,112.4... Read more »

Millennials seek loans to fulfill their wanderlust says IndiaLends report

As summer vacations are around the corner, IndiaLends, a new-age digital lending platform, has reported 55% growth in personal loans for travel purposes. More so, 85% of these loan seekers are millennials,... Read more »