Market News
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Coal India shares fall up to 3% on this CNBC-TV18 exclusive on a potential stake sale
CNBC-TV18 has reached out to both Coal India and the Department of Investment and Public Asset Management (DIPAM) and is awaiting a response from both.
SBI Q4 Preview: Can the largest PSB deliver good profits despite treasury pain?
SBI is expected to report a subdued March quarter as treasury losses likely offset stable loan growth and resilient margins. Brokerages expect modest profit growth, steady asset quality and stable credit costs, while investors will closely track management commentary on margins, deposits, loan growth and the impact of a lower interest-rate environment.
Coforge among 6 F&O stocks with a sharp rise in futures open interest
Six stocks in the NSE F&O segment recorded a sharp rise in futures open interest on May 6, signalling increased trader participation and fresh positioning. Larsen & Toubro, HDFC Life Insurance, Amber Enterprises, Nippon Life India Asset Management, Coforge and Godfrey Phillips India saw open interest rise over 10%.
GCC NRIs raise India equity bets; Motilal Oswal AMC gets NPS fund nod
GCC-based NRIs are increasing exposure to Indian equities while real estate sees outflows, as Motilal Oswal Asset Management Company enters the NPS pension fund space
OpenAI Finalizes $10 Billion Joint Venture With PE Firms to Deploy AI
OpenAI has raised more than $4 billion from investors including TPG, Brookfield Asset Management, Advent and Bain Capital for a firm focused on helping businesses leverage its AI software, Bloomberg reported on Monday.
Aadhar Housing Finance Q4 profit surges 27% to Rs 311 crore on strong growth and expansion
Aadhar Housing Finance reported 27% Q4 profit growth to Rs 311 crore, driven by strong loan disbursements and business expansion. Assets under management rose 20%, while asset quality remained stable. The lender targets continued growth with branch expansion plans.
Distributors skirt SIF certification norms as talent shortage bites
Unqualified sub-brokers are reportedly selling specialized investment funds, violating regulations as the segment faces a lack of certified sellers. This practice will likely concern Sebi, which will then hold asset management companies accountable, regulatory experts said.
Edelweiss Financial shares tank 10% after Q4 net profit drops 17% to Rs 87.60 crore; firm announces dividend
Edelweiss Financial shares fell sharply after reporting a 17% YoY drop in Q4 net profit and weaker sequential performance. Despite pressure on earnings and revenue, the company showed steady growth in asset management and insurance segments. It also announced a dividend, while management flagged global uncertainties impacting the outlook.
Temasek-backed OnEMI IPO opens today: Should you subscribe?
Ahead of the issue opening, OnEMI Technology raised ₹277.7 crore from anchor investors such as Citigroup Global Markets Mauritius, ACM Global Fund VCC, New York State Teachers Retirement System (managed by Goldman Sachs Asset Management), among others.
Motilal Oswal Q4 Results: Cons loss widens YoY to Rs 221 crore but operating PAT grows 25% on 125% revenue surge
Motilal Oswal Financial Services saw its net loss widen in the March quarter. Revenue from operations surged 125 percent year-on-year. The company's operating profit after tax grew 25 percent. Asset and Private Wealth Management businesses showed robust growth. Asset Management PAT increased 63 percent. Total assets under management grew 32 percent. SIP inflows surged 78 percent.
Motilal Oswal Q4 operating profit surges 25% on strong wealth business growth
The asset & private wealth management business reported an operating profit after tax growth of 48% to ₹338 crore on a year-on-year basis. Shares of Motilal Oswal Financial Services Ltd ended at ₹785.45, up by ₹2.70, or 0.34%, on the BSE today, April 29.
IIFL Finance Q4 profit nearly triples, powered by booming gold loans and better asset quality
IIFL Finance Q4 net profit jumps to ₹586.8 crore, revenue and gold loan AUM surge, asset quality improves, management eyes sustainable growth in FY27. Shares of IIFL Finance ended higher on Wednesday, April 29, by 2.5% at ₹449.00 on the NSE.