Page 16 - Ortfolio Allocation News Today

Axis Bank said on Thursday that it has obtained all necessary regulatory approvals in connection with the purchase of shares of Max Life Insurance with regard to the public interest writ petition filed by BJP leader Subramanian Swamy.

Talbros Automotive (Talbros), which specialises in automotive and industrial gaskets and also makes anti-vibration products, chassis systems, heat shields, sheet metals and forgings, reported excellent results in Q3FY23-24.

Ministry of Corporate Affairs has operationalised the Central Processing Centre (CPC) for centralised processing of corporate filings without requiring any physical interaction with the stakeholders as part of the continuing reforms to provide ease of doing business.

While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Latur, Maharashtra-based Dhanalaxmi Nagari Sahakari Patsanstha Ltd to pay the entire dues under the double money scheme to two depositors.

Elon Musk-run X Corp banned a record 2,31,215 accounts in India between December 26 and January 25, mostly for promoting child sexual exploitation and non-consensual nudity.

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In the past five weeks, we have covered the top-300 stocks of our top-500 Wealth Creator stocks list. The previous reports focused on detailing the major policy changes influencing equity markets, deriving the top-500 wealth creators according to our unique methodology.

Pricol reported a good set of results for Q3FY23-24. Sales increased by 21% year-on-year (y-o-y), operating profit increased 33.1% and operating profit margin jumped 109bps (basis points) y-o-y at 11.84%. Net profit was up 27% y-o-y and net profit margin improved by 34bps y-o-y.

It is a standard bus stop in a city. One person with a red velvet rope creates a section for seating at the bus stop. He labels it as a VIP section and charges a fee. Three curious commuters pay the charges and tightly sit on the bench meant for two people.

The start of the week witnessed a market-wide decline, particularly hitting small caps hard. On Monday, 2986 stocks saw a decline on the BSE (Bombay Stock Exchange). However, there was some stabilization observed as 1935 stocks traded flat on Wednesday