Zydus Lifescience Q4 Result: Pharmaceutical firm Zydus Lifesciences announced on Monday, May 20, that it had a consolidated net profit of Rs 1,171 crore for the March quarter of FY25, down from Rs 1,823 crore in the same period last year. While the dip in bottomline was due to a high base last year, the company’s…
BSE Gets 4 New Indices: Asia Index Pvt Ltd, a subsidiary of stock exchange BSE, on Tuesday announced the launch of four new gauges on the platform, expanding the bourse’s suite of smart beta offerings. Each aimed at selecting the top 50 scrips by important metrics such as value, volatility, momentum and quality, according to…
Special FD Calculations: Special fixed deposit (FD) schemes come in different durations, which can be less than a year to around 10 years. They mostly pay a slightly higher interest rate compared to traditional FDs of nearly the same or slightly higher duration. Like other FDs, they provide higher interest rates to senior citizens. Banks…
Currency Market News: Rupee depreciated by 21 paise to close at 85.63 (provisional) against the US dollar on Tuesday, weighed down by weak domestic equity markets and a rebound in US Treasury yields. According to forex traders, the recent surge in the US 10-year yield reflects growing concerns over fiscal and monetary policies, pushing borrowing…
Indian equities witnessed a sharp intraday selloff on Monday, May 20, with benchmark indices Sensex and Nifty plunging nearly 1 per cent each. The BSE Sensex cracked an 800-point resistance to an intraday low of 81,209.64, while the Nifty 50 lost 260 points to 24,679.90 amidst otherwise severe profit-booking off sectors. The broader indices followed…
Ola Electric has officially commenced deliveries of its much-anticipated electric motorcycle, the Roadster X, starting this Friday. The announcement was made by Ola CEO Bhavish Aggarwal on X (formerly Twitter), ending months of delay and anticipation. “Roadster X deliveries starting this Friday! Excited to see customers experience our bike,” tweeted Aggarwal, sparking excitement among customers…