Profit by knowlytics
Indian stock markets closed lower on Monday, extending their losing streak for four weeks. Investor sentiment remained subdued due to rising oil prices and geopolitical tensions. Swiggy announced a stake sale in Lynks Logistics for approximately $52.4 million. Mahindra & Mahindra maintained its leadership in the domestic tractor market by volume. REC issued India’s first…
South Bend’s Sunny Italy Cafe, established in 1926, is celebrating its centennial anniversary. This historic eatery has remained under family ownership for a full century. The restaurant is renowned for its authentic, scratch-made Italian dishes and traditional recipes. Generations of Notre Dame students and local residents have frequented the establishment. Its enduring legacy highlights a…
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Earnings call transcript: SCREEN Holdings lifts outlook after soft Q1 in 2026
Fears of India’s state-run space agency joining the Centre’s disinvestment list are unfounded. As the US and China embark on a space race that might turn hostile, India can’t afford to let go of strategic aims that the profit motive is unlikely to meet.
Dow futures slip amid Fed hike bets, surging oil
The BSE IPO index reached an all-time high, surging 35% in five months. Its SME counterpart also jumped 55%, marking a strong performance for recent listings. These gains significantly outpaced the broader market indices like Sensex and Nifty. However, the rally was concentrated, with a few stocks driving most of the gains. Retail and HNI…
The Securities and Exchange Board of India has taken a significant step by relaxing compliance regulations for foreign investors. Foreign Portfolio Investors (FPIs) who are exclusively investing in government securities will no longer be required to disclose their investor group details. This amendment follows a recent circular from the Reserve Bank of India, which abolished…
The wire and cable industry faced stock declines amidst rumors of Ultravolt’s impending market entry. The Aditya Birla Group’s initiative aims for a robust nationwide distribution and retail network, stirring competition among established players. Leaders like Polycab and Havells have felt the pinch with falling stock prices, though those in the mid-to-extra high voltage sector…
A recent IPO listing significantly boosted the Motilal Oswal Digital India Fund’s net asset value. ESDS Software’s stock more than doubled on its market debut, contributing to the fund’s gain. This sharp rise in the fund’s NAV is considered rare for diversified equity schemes. The fund manager noted the strong performance of an anchor allocation…