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Chola Invest & Finance Q4 net profit up 24%

Updated at : 2023-05-04 07:35:01

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For the year ending March 31, the standalone profit grew by 24% to ₹2,666.2 crore from ₹ 2,146.7 crore registered in the corresponding quarter of last financial year.

Green finance may touch 6% of GDP

Updated at : 2023-05-04 07:35:01

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Various organisations have estimated the total financing requirements for India, ranging from $44 billion to $170 billion per year until 2030, to reach net zero emissions by 2070. The RBI states that the required investment amount would rise if the horizon to achieve the net zero target is shortened.

Convoluted ratings plague ESG scores: RBI

Updated at : 2023-05-04 07:35:01

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The practice makes "it tough for the average investor to understand what the aggregate ESG score stands for" the RBI said in its Report on Currency and Finance 2022-23.

Bond yields slip to 13-month low

Updated at : 2023-05-04 06:20:01

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Yield on the Indian 10-year benchmark government bond slid 8 basis points to close at 7.01%, the lowest closing level since April 7 last year, Bloomberg data showed. Bond prices and yields move in opposite directions.

But the accompanying policy statement dropped language saying that its rate-setting Federal Open Market Committee still "anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time."

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Shares of the company fell 20% to a six-month low of $196 in early trade after Estee cited a slower-than-expected recovery in Asia travel retail and major market China for the latest round of cut to its annual forecasts.

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The 52-week high represents the highest price at which a stock has traded during the previous year.

The plummeting oil prices continued to slide as investors’ concerns grew about the state of the US economy leading up to the expected Federal Reserve interest rate increase. The falling benchmarks resulted in the lowest they’ve been since late March and are also the largest single-day percentage decline since 1 January 2018.

US stocks open higher ahead of Fed decision

Updated at : 2023-05-03 20:25:01

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The Dow Jones Industrial Average rose 42.11 points, or 0.13%, at the open to 33,726.64

In view of this, Sebi said that issuers having outstanding listed non-convertible securities as on August 31 will have to obtain and report the LEI code in the centralised database of corporate bonds by September 1, according to a circular.

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