Latest Stock Market News

According to the sources, CoinSwitch Kuber is aiming to enter the stockbroking and mutual fund business, aiming to become a one-stop solution for all financial needs of the generation Z and millennial investors.

Net premium income increased 14 per cent to Rs 11,444 crore due to growth in both the first year as well as renewal income. Income from investments increased 40 per cent to Rs 8873 crore from Rs 6319 crore a year earlier.

A traditional practice of borrowing money to invest in IPOs and exit through first-day listing gains will likely cease beginning next fiscal. It is known as ‘leveraging’ in market parlance.

Net profit rose to Rs 225 crore in the quarter ended September 2021 from Rs 129 crore a year ago mainly as other income rose 30 per cent to Rs 778 crore riding on growth in retail fees.

The oil-to-telecom company reported a 48 per cent growth in its consolidated revenue from operations to Rs. 1.74 lakh crore for the reported quarter, which was also above Street’s estimate.

For the fiscal second quarter, JPL’s consolidated net profit stood at Rs 3728 crore compared with Rs 3,651 crore at June end, and Rs 3019 crore a year ago, the company said in a release on Friday.

The company said its revenue for the July-September months was up to Rs 45,426 crore, up 10.5 per cent compared to the same months last year when the company reported Rs 41,100 crore in total sales.

Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.

One97 Communications can now launch the Paytm IPO after it inculcates the observations SEBI may have made to its DRHP. The company is aiming for a listing by November-end.

The Dow Jones Industrial Average rose 4.64 points, or 0.01 per cent, at the open to 35,607.72.