Latest business news
Private sector lender Kotak Mahindra Bank on Saturday announced the promotion of Paritosh Kashyap, currently group president, to the post of executive director (ED), subject to regulatory approvals. Kashyap has been with the Kotak Group for over three decades and has been heading the wholesale banking business since 2022. He has led several key businesses,…
Gold price outlook: Gold Futures on India’s Multi Commodity Exchange (MCX) closed 0.59 per cent or ₹568 lower on Friday, 30 May 2025, amid tepid demand for safe-haven assets and a rising US dollar backed by US economic data. MCX Gold’s June contract closed 0.59 per cent lower at ₹95,891 per 10 grams after Friday’s…
Small-cap stock below 100: Sigachi Industries Ltd announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Saturday, May 31, reporting a net profit of ₹697.78 lakh compared to ₹1,172.93 lakh in the corresponding period last year. The Hyderabad-based BSE Smallcap company said that its reported a consolidated net profit of ₹22.67 crore in Q4,…
Indian defence stocks have recently drawn investor interest amid escalating tensions between India and Pakistan, coupled with the government’s continued push towards indigenisation in defence manufacturing. Shares of defence PSUs (public sector undertakings) such as Bharat Dynamics (BDL), BEML, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin…
Small-cap stock under ₹50: Hazoor Multi Projects Ltd announced their January to March quarter results for the financial year 2024-25 on Friday, 30 May 2025. The company recorded a nearly 69 per cent fall in net profits to ₹16.78 crore, compared year-on-year (YoY) with ₹53.93 crore, according to the consolidated statements. The real estate developers’…
Khazanchi Jewellers share price has delivered stellar returns since its debut on the Indian stock market. Khazanchi Jewellers is a Chennai-based gold and silver jewelry retailer that was listed in the Small and Medium Enterprises (SME) segment of the BSE in August 2023. The sharp rally in Khazanchi Jewellers share price has coincided with a…
OPEC+ agreed to hike July oil output by 411,000 barrels per day (bpd) on Saturday, the same as in May and June, after the group of oil-producing countries looks to grab back market share and punish over-producing members. According to Reuters, eight OPEC+ members of the group are unwinding 2.2 million bpd in voluntary curbs…
Investment word of the day: An investment approach that chooses securities based on specific characteristics that determine risk and return is known as factor investing. It aims to boost returns, manage risks and enhance diversification by strategically focusing on particular factors. Types of factors The two major types of factors that influence investments are macroeconomic…
New Delhi [India], : The Indian bond market is showing signs of strength, driven by easing inflation and expectations of more interest rate cuts from the Reserve Bank of India , says a report by Jefferies. The report highlighted that this environment is creating an attractive setup for domestic bonds, particularly for long-term investors in…
The Indian stock market benchmark indices, Sensex and Nifty 50, ended lower on Friday, weighed down by losses in auto, metal, and IT sectors. The market also posted mixed performance for the week, as the benchmark indices fell and broader markets rose. On Friday, the Sensex dropped 182.01 points, or 0.22%, to close at 81,451.01,…