Introduction Overview of Budget 2024 Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha, marking the first budget of Prime Minister Narendra Modi’s third term in office. This budget focuses on nine priorities for generating ample opportunities across various sectors. Relevance and Importance The Union Budget 2024-25 is crucial as it…
Introduction HDFC Bank, India’s leading private lender, has released its financial results for the first quarter of fiscal year 2024-25 (HDFC Bank Q1 Results). The results indicate a mixed performance, with a 2% decline in net profit and a slight improvement in net interest income (NII). This article delves into the key metrics, factors contributing…
Introduction Kotak Mahindra Bank, a leading private lender in India, has reported significant financial growth for the first quarter of fiscal year 2024-25 (Kotak Mahindra Bank Q1 Results). The bank’s net profit surged by an impressive 81%, reaching ₹6,249 crore, compared to ₹3,452.3 crore in the corresponding period last year. This remarkable growth is attributed…
Introduction In the recent holiday-shortened week, the combined market valuation of mcap of eight of the top 10 most valued firms surged by ₹2,10,330.26 crore, showcasing a significant shift in market dynamics. Leading this surge were Tata Consultancy Services (TCS) and the Life Insurance Corporation of India (LIC), with TCS alone seeing its valuation jump…
Introduction The Indian stock market witnessed a significant downturn on July 19, with both the Nifty 50 and Sensex indices falling by approximately 1%. This all-round selloff resulted in investors losing about ₹8 lakh crore in a single day. What caused this sudden market turmoil? Let’s dive in and explore the factors that led to…
