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While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance Limited were the main laggards in the top-10 pack, Infosys, State Bank of India and Bharti Airtel made gains in their market capitalisation (mcap)

The retail finance-focused company plans to raise up to Rs 750 crore through a fresh issuance, while there is also an offer-for-sale portion, where Federal Bank (1.64 crore shares) and private equity player True North (5.38 crore shares) propose to offload shares

The company expects to soon launch co-branded credit cards on UPI, he said, adding that this is going to accelerate revenue as demand for credit is high.Besides, he said, targeted no-cost EMIs every month are going to add to topline and the company is set to push revenue to over Rs 250 crore in FY24 with profit

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From Tata Steel to Tata Motors, a host of index heavyweight companies have reported first-quarter of FY24 earnings this week. If you have missed tracking the numbers, here is a quick snapshot.

The automaker is seen reporting a 143% YoY rise in net profit to Rs 2,460, according to the average of estimates given by 12 brokerages. Net sales is seen growing nearly 20% YoY to Rs 31,730 crore. Sequentially, the bottomline is likely to decline 6.2% and revenue may drop by about 1%

These circumstances led to unbiased selling in emerging markets as investors sought safer assets with higher yields, further exacerbated by the strengthening of the US Dollar. The collective occurrence of these events elevated the geoeconomic risk landscape to structurally higher levels

Rupee cost averaging, the cornerstone of Systematic Investment Plans (SIPs), may not remain effective in optimizing returns as accumulated amounts grow. The impact of regular SIP contributions on a larger portfolio tends to dilute, reducing the effectiveness of the strategy. Additionally, constantly relying on SIPs may lead to missed opportunities to make lump-sum investments during market downturns that could yield higher returns in the long run.

“As sentiment, technicals and risk of the recession got pushed further out we moved from being underweight stocks to overweight,” said Nathan Thooft, global head of asset allocation at Manulife Asset Management in Boston, who’s reduced his credit exposure in favor of an equity overweight

Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.