 |
|
|
|||||
After a three-month lull, India's primary equity market is rebounding, with seven companies launching IPOs in May and more planned for June. This resurgence is fueled by a stabilizing secondary market, easing geopolitical tensions, and successful block deals. Investor confidence is returning, and the market favors companies with strong fundamentals and realistic valuations, signaling sustained growth.
Category:
News and Media
ONGC's fourth-quarter profit declined by 35% to 6,448 crore. This was due to increased exploration expenses. Revenue saw a slight rise of 1% to 34,982 crore. The full-year profit also decreased by 12% to 35,610 crore. The company's board approved a dividend of Rs 1.25 per share. They also extended support to Opal for debt raising.
Category:
News and Media
Groww, a major Indian brokerage firm, will increase its minimum equity brokerage charges. The increase is from 2 to 5 per order. This change impacts smaller equity trades. The new fee structure will be effective from June 21. Other brokers like Angel One previously raised their fees. These changes follow regulations impacting brokerage profits.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||