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As we inch closer to the last phase of earnings season, several big firms are still left to announce their Q4 results. This week, LIC, ONGC, Nykaa, Vodafone Idea, Ashok Leyland, Sun Pharma, Mahindra, Grasim, Zee Entertainment Enterprise, Hindalco, Shree Cement, etc will announce their Q4 earnings
Life Insurance Corporation of India (LIC) saw mutual funds trimming stake to 3.70 crore shares from 3.97 crore shares. Mutual funds held Rs 2,034 crore worth LIC shares as of April 30 against Rs 2,121 crore as of March 31.
The ‘adjusted profitability’ story seems to be making fund managers positive on some new-age stocks. Paytm reported its first-ever adjusted EBITDA profitability in December 2022 and Zomato (ex- Blinkit) turned adjusted EBITDA positive in January 2023
Amino Health's $80 million in financing was led by Transformation Capital and Oxford Finance. With the funding, the company hopes to reach and engage more members and grow its partnerships with employers and third party administrators.
More construction projects are being started, but payments to contractors and their subcontractors continue to cause a bottleneck in the normal course of comple