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  11. <title>ED likely to examine Gensol Engineering case under PMLA Act, says report; Stock down 43% in 9 days  | Business Upturn</title>
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  25. <title>ED likely to examine Gensol Engineering case under PMLA Act, says report; Stock down 43% in 9 days  | Business Upturn</title>
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  30. <item>
  31. <title>ED likely to examine Gensol Engineering case under PMLA Act, says report; Stock down 43% in 9 days </title>
  32. <link>https://www.businessupturn.com/finance/stock-market/ed-likely-to-examine-gensol-engineering-case-under-pmla-act-says-report-stock-down-43-in-9-days/</link>
  34. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  35. <pubDate>Tue, 22 Apr 2025 05:59:48 +0000</pubDate>
  36. <category><![CDATA[Stock Market]]></category>
  37. <category><![CDATA[Gensol Engineering]]></category>
  38. <guid isPermaLink="false">https://www.businessupturn.com/?p=590152</guid>
  39.  
  40. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div>Shares of Gensol Engineering Ltd were locked in the 5% lower circuit for the eighth consecutive session on April 22, slipping to ₹105.17 on the NSE. The stock has now plunged nearly 40% in just eight trading days, triggering panic among investors. According to CNBC-TV18, the Enforcement Directorate (ED) is likely to examine the Gensol [&#8230;]]]></description>
  41. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/09/Gensol-Engineering-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="159" data-end="414">Shares of Gensol Engineering Ltd were locked in the <strong data-start="211" data-end="266">5% lower circuit for the eighth consecutive session</strong> on April 22, slipping to ₹105.17 on the NSE. The stock has now plunged nearly <strong data-start="345" data-end="379">40% in just eight trading days</strong>, triggering panic among investors.</p>
  42. <p class="" data-start="416" data-end="745">According to CNBC-TV18, <strong data-start="440" data-end="577">the Enforcement Directorate (ED) is likely to examine the Gensol Engineering case under the Prevention of Money Laundering Act (PMLA)</strong>. The agency is reportedly studying <strong data-start="613" data-end="656">financial irregularities in the company</strong> and may seek further information from various stakeholders, including regulatory bodies.</p>
  43. <p class="" data-start="747" data-end="931">In a key development, the ED on Sunday <strong data-start="786" data-end="831">confiscated a stake in Gensol Engineering</strong> that was allegedly <strong data-start="851" data-end="888">linked to the Mahadev Betting App</strong>—a move that intensified investor concerns.</p>
  44. <p class="" data-start="933" data-end="1235">The stock opened and closed at ₹105.17, a sharp fall from the previous close of ₹110.71. With today’s drop, Gensol shares have now hit the <strong data-start="1072" data-end="1116">lower circuit in eight straight sessions</strong>, and are down over 60% from their 52-week high of ₹1,124.90. The company’s <strong data-start="1192" data-end="1234">market cap has eroded to ₹4.04 billion</strong>.</p>
  45. <h2 class="mb-2 text-base font-semibold leading-6 text-lighter-black">Gensol Engineering Share Price history</h2>
  46. <div>
  47. <table class="w-full table-fixed [&amp;_td]:px-3 sm:[&amp;_td]:px-8 [&amp;_th]:px-3 sm:[&amp;_th]:px-8 rounded-lg text-sm font-semibold shadow-[0_0_0_1px_#E5E5E5]" style="height: 284px" width="875">
  48. <thead class="">
  49. <tr>
  50. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Day</th>
  51. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Open</th>
  52. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Close</th>
  53. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Change %</th>
  54. </tr>
  55. </thead>
  56. <tbody>
  57. <tr class="group bg-gray-light cursor-default">
  58. <td class="text-right first:text-left">
  59. <div class="block py-4">
  60. <div class="font-normal leading-5x text-sm text-lighter-black">Mon, Apr 21 2025</div>
  61. </div>
  62. </td>
  63. <td class="text-right first:text-left">
  64. <div class="block py-4">
  65. <div class="font-normal leading-5x text-sm text-lighter-black">₹110.71</div>
  66. </div>
  67. </td>
  68. <td class="text-right first:text-left">
  69. <div class="block py-4">
  70. <div class="font-normal leading-5x text-sm text-lighter-black">₹110.71</div>
  71. </div>
  72. </td>
  73. <td class="text-right first:text-left">
  74. <div class="block py-4">
  75. <div class="font-normal leading-5x text-sm text-danger">-5.00%</div>
  76. </div>
  77. </td>
  78. </tr>
  79. <tr class="group cursor-default">
  80. <td class="text-right first:text-left">
  81. <div class="block py-4">
  82. <div class="font-normal leading-5x text-sm text-lighter-black">Thu, Apr 17 2025</div>
  83. </div>
  84. </td>
  85. <td class="text-right first:text-left">
  86. <div class="block py-4">
  87. <div class="font-normal leading-5x text-sm text-lighter-black">₹116.54</div>
  88. </div>
  89. </td>
  90. <td class="text-right first:text-left">
  91. <div class="block py-4">
  92. <div class="font-normal leading-5x text-sm text-lighter-black">₹116.54</div>
  93. </div>
  94. </td>
  95. <td class="text-right first:text-left">
  96. <div class="block py-4">
  97. <div class="font-normal leading-5x text-sm text-danger">-5.00%</div>
  98. </div>
  99. </td>
  100. </tr>
  101. <tr class="group bg-gray-light cursor-default">
  102. <td class="text-right first:text-left">
  103. <div class="block py-4">
  104. <div class="font-normal leading-5x text-sm text-lighter-black">Wed, Apr 16 2025</div>
  105. </div>
  106. </td>
  107. <td class="text-right first:text-left">
  108. <div class="block py-4">
  109. <div class="font-normal leading-5x text-sm text-lighter-black">₹122.68</div>
  110. </div>
  111. </td>
  112. <td class="text-right first:text-left">
  113. <div class="block py-4">
  114. <div class="font-normal leading-5x text-sm text-lighter-black">₹122.68</div>
  115. </div>
  116. </td>
  117. <td class="text-right first:text-left">
  118. <div class="block py-4">
  119. <div class="font-normal leading-5x text-sm text-danger">-5.00%</div>
  120. </div>
  121. </td>
  122. </tr>
  123. <tr class="group cursor-default">
  124. <td class="text-right first:text-left">
  125. <div class="block py-4">
  126. <div class="font-normal leading-5x text-sm text-lighter-black">Tue, Apr 15 2025</div>
  127. </div>
  128. </td>
  129. <td class="text-right first:text-left">
  130. <div class="block py-4">
  131. <div class="font-normal leading-5x text-sm text-lighter-black">₹126.02</div>
  132. </div>
  133. </td>
  134. <td class="text-right first:text-left">
  135. <div class="block py-4">
  136. <div class="font-normal leading-5x text-sm text-lighter-black">₹129.14</div>
  137. </div>
  138. </td>
  139. <td class="text-right first:text-left">
  140. <div class="block py-4">
  141. <div class="font-normal leading-5x text-sm text-danger">-2.65%</div>
  142. </div>
  143. </td>
  144. </tr>
  145. <tr class="group bg-gray-light cursor-default">
  146. <td class="text-right first:text-left">
  147. <div class="block py-4">
  148. <div class="font-normal leading-5x text-sm text-lighter-black">Fri, Apr 11 2025</div>
  149. </div>
  150. </td>
  151. <td class="text-right first:text-left">
  152. <div class="block py-4">
  153. <div class="font-normal leading-5x text-sm text-lighter-black">₹132.66</div>
  154. </div>
  155. </td>
  156. <td class="text-right first:text-left">
  157. <div class="block py-4">
  158. <div class="font-normal leading-5x text-sm text-lighter-black">₹132.66</div>
  159. </div>
  160. </td>
  161. <td class="text-right first:text-left">
  162. <div class="block py-4">
  163. <div class="font-normal leading-5x text-sm text-danger">-5.01%</div>
  164. </div>
  165. </td>
  166. </tr>
  167. <tr class="group cursor-default">
  168. <td class="text-right first:text-left">
  169. <div class="block py-4">
  170. <div class="font-normal leading-5x text-sm text-lighter-black">Wed, Apr 9 2025</div>
  171. </div>
  172. </td>
  173. <td class="text-right first:text-left">
  174. <div class="block py-4">
  175. <div class="font-normal leading-5x text-sm text-lighter-black">₹139.65</div>
  176. </div>
  177. </td>
  178. <td class="text-right first:text-left">
  179. <div class="block py-4">
  180. <div class="font-normal leading-5x text-sm text-lighter-black">₹139.65</div>
  181. </div>
  182. </td>
  183. <td class="text-right first:text-left">
  184. <div class="block py-4">
  185. <div class="font-normal leading-5x text-sm text-danger">-5.00%</div>
  186. </div>
  187. </td>
  188. </tr>
  189. <tr class="group bg-gray-light cursor-default">
  190. <td class="text-right first:text-left">
  191. <div class="block py-4">
  192. <div class="font-normal leading-5x text-sm text-lighter-black">Tue, Apr 8 2025</div>
  193. </div>
  194. </td>
  195. <td class="text-right first:text-left">
  196. <div class="block py-4">
  197. <div class="font-normal leading-5x text-sm text-lighter-black">₹147.00</div>
  198. </div>
  199. </td>
  200. <td class="text-right first:text-left">
  201. <div class="block py-4">
  202. <div class="font-normal leading-5x text-sm text-lighter-black">₹147.00</div>
  203. </div>
  204. </td>
  205. <td class="text-right first:text-left">
  206. <div class="block py-4">
  207. <div class="font-normal leading-5x text-sm text-danger">-5.00%</div>
  208. </div>
  209. </td>
  210. </tr>
  211. <tr class="group cursor-default">
  212. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  213. <div class="block py-4">
  214. <div class="font-normal leading-5x text-sm text-lighter-black">Mon, Apr 7 2025</div>
  215. </div>
  216. </td>
  217. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  218. <div class="block py-4">
  219. <div class="font-normal leading-5x text-sm text-lighter-black">₹154.74</div>
  220. </div>
  221. </td>
  222. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  223. <div class="block py-4">
  224. <div class="font-normal leading-5x text-sm text-lighter-black">₹154.74</div>
  225. </div>
  226. </td>
  227. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  228. <div class="block py-4">
  229. <div class="font-normal leading-5x text-sm text-danger">-5.00%</div>
  230. </div>
  231. </td>
  232. </tr>
  233. </tbody>
  234. </table>
  235. </div>
  236. <p data-start="1237" data-end="1624">
  237. <p class="" data-start="1237" data-end="1624"><strong data-start="1237" data-end="1252">Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.</p>
  238. ]]></content:encoded>
  242. </item>
  243. <item>
  244. <title>T Rabi Sankar gets 1-year extension as RBI Deputy Governor from May 3</title>
  245. <link>https://www.businessupturn.com/nation/t-rabi-sankar-gets-1-year-extension-as-rbi-deputy-governor-from-may-3/</link>
  247. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  248. <pubDate>Tue, 22 Apr 2025 05:54:54 +0000</pubDate>
  249. <category><![CDATA[Nation]]></category>
  250. <category><![CDATA[T Rabi Sankar]]></category>
  251. <guid isPermaLink="false">https://www.businessupturn.com/?p=590149</guid>
  252.  
  253. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div>The central government has approved a one-year extension for T Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI), effective from May 3, 2024, or until further orders. This marks an extension of his original three-year term that began in May 2021. Who is T Rabi Sankar? T Rabi Sankar joined the [&#8230;]]]></description>
  254. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T112412.912-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="75" data-end="345">The central government has approved a one-year extension for T Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI), effective from <strong data-start="220" data-end="235">May 3, 2024</strong>, or until further orders. This marks an extension of his original three-year term that began in <strong data-start="332" data-end="344">May 2021</strong>.</p>
  255. <h3 class="" data-start="347" data-end="372">Who is T Rabi Sankar?</h3>
  256. <p class="" data-start="374" data-end="764">T Rabi Sankar joined the RBI in 1990 and has since held several key positions across various departments. Prior to becoming Deputy Governor, he served as the Executive Director of RBI. He is also the <strong data-start="574" data-end="645">Chairman of Indian Financial Technology and Allied Services (IFTAS)</strong> and a <strong data-start="652" data-end="764">member of the Governing Council of the Institute for Development and Research in Banking Technology (IDRBT).</strong></p>
  257. <h3 class="" data-start="766" data-end="799">About Deputy Governors in RBI</h3>
  258. <p class="" data-start="801" data-end="1005">Under <strong data-start="807" data-end="859">Section 8 of the Reserve Bank of India Act, 1934</strong>, up to four Deputy Governors can be appointed by the Government of India. As per convention (though not law), the composition generally includes:</p>
  259. <ul data-start="1006" data-end="1077">
  260. <li class="" data-start="1006" data-end="1031">
  261. <p class="" data-start="1008" data-end="1031">Two career RBI officers</p>
  262. </li>
  263. <li class="" data-start="1032" data-end="1061">
  264. <p class="" data-start="1034" data-end="1061">One from commercial banking</p>
  265. </li>
  266. <li class="" data-start="1062" data-end="1077">
  267. <p class="" data-start="1064" data-end="1077">One economist</p>
  268. </li>
  269. </ul>
  270. <p class="" data-start="1079" data-end="1338">Each Deputy Governor serves a tenure as specified by the government, with a <strong data-start="1155" data-end="1185">maximum term of five years</strong> and a <strong data-start="1192" data-end="1222">retirement age of 60 years</strong>. They are eligible for reappointment, and the government holds the authority to terminate the position at any time.</p>
  271. <h3 class="" data-start="1340" data-end="1376">Current Deputy Governors of RBI:</h3>
  272. <ul data-start="1377" data-end="1460">
  273. <li class="" data-start="1377" data-end="1396">
  274. <p class="" data-start="1379" data-end="1396"><strong data-start="1379" data-end="1396">Swaminathan J</strong></p>
  275. </li>
  276. <li class="" data-start="1397" data-end="1416">
  277. <p class="" data-start="1399" data-end="1416"><strong data-start="1399" data-end="1416">T Rabi Sankar</strong></p>
  278. </li>
  279. <li class="" data-start="1417" data-end="1439">
  280. <p class="" data-start="1419" data-end="1439"><strong data-start="1419" data-end="1439">M. Rajeshwar Rao</strong></p>
  281. </li>
  282. <li class="" data-start="1440" data-end="1460">
  283. <p class="" data-start="1442" data-end="1460"><strong data-start="1442" data-end="1460">Dr. M.D. Patra</strong></p>
  284. </li>
  285. </ul>
  286. <p class="" data-start="1748" data-end="1894">The extension signals continuity in leadership amid evolving monetary and technological policy challenges faced by India’s central banking system.</p>
  287. ]]></content:encoded>
  291. </item>
  292. <item>
  293. <title>Delhivery and Mars Petcare form strategic partnership to digitize supply chain with AI-powered TransportOne</title>
  294. <link>https://www.businessupturn.com/business/corporates/delhivery-and-mars-petcare-form-strategic-partnership-to-digitize-supply-chain-with-ai-powered-transportone/</link>
  296. <dc:creator><![CDATA[Aman Shukla]]></dc:creator>
  297. <pubDate>Tue, 22 Apr 2025 05:45:59 +0000</pubDate>
  298. <category><![CDATA[Corporates]]></category>
  299. <category><![CDATA[Delhivery]]></category>
  300. <guid isPermaLink="false">https://www.businessupturn.com/?p=590146</guid>
  301.  
  302. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-768x432.jpg 768w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-150x84.jpg 150w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Mars Petcare has entered into a strategic partnership with Delhivery Limited to implement TransportOne, an AI-powered Transport Management System (TMS), across its logistics operations in India. The move is aimed at enhancing the efficiency, agility, and scalability of Mars Petcare’s supply chain network. TransportOne, developed by Delhivery, is a software-as-a-service (SaaS) solution designed to help [&#8230;]]]></description>
  303. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-768x432.jpg 768w, https://images.businessupturn.com/wp-content/uploads/2022/01/Delhivery-150x84.jpg 150w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="211" data-end="517">Mars Petcare has entered into a strategic partnership with Delhivery Limited to implement TransportOne, an AI-powered Transport Management System (TMS), across its logistics operations in India. The move is aimed at enhancing the efficiency, agility, and scalability of Mars Petcare’s supply chain network.</p>
  304. <p class="" data-start="519" data-end="865">TransportOne, developed by Delhivery, is a software-as-a-service (SaaS) solution designed to help manufacturers streamline transport planning and execution. The platform provides features such as automated load planning, real-time shipment tracking, digital proof of delivery, billing automation, operational monitoring, and end-to-end analytics.</p>
  305. <p class="" data-start="867" data-end="1320">The integration of TransportOne into Mars Petcare’s logistics framework will enable data-driven load planning and route optimization. By leveraging AI and analyzing factors such as historical performance, traffic trends, and weather conditions, the system supports more accurate and efficient transportation planning. This is expected to reduce lead times, improve resource utilization, and help ensure timely delivery of pet care products across India.</p>
  306. <p class="" data-start="1322" data-end="1491">With this deployment, Mars Petcare aims to strengthen its distribution capabilities to meet growing consumer demand while maintaining service quality and sustainability.</p>
  307. <p class="" data-start="1493" data-end="1721">The collaboration demonstrates Delhivery’s role in providing logistics technology solutions for large-scale supply chain networks and highlights its continued efforts in enabling digital transformation in the logistics industry.</p>
  308. ]]></content:encoded>
  312. </item>
  313. <item>
  314. <title>Arkade Developers Q4 FY25 pre-sales rise 10.6% YoY to Rs 217 crore</title>
  315. <link>https://www.businessupturn.com/business/corporates/arkade-developers-q4-fy25-pre-sales-rise-10-6-yoy-to-rs-217-crores/</link>
  317. <dc:creator><![CDATA[Aman Shukla]]></dc:creator>
  318. <pubDate>Tue, 22 Apr 2025 05:38:21 +0000</pubDate>
  319. <category><![CDATA[Corporates]]></category>
  320. <category><![CDATA[Arkade Developers]]></category>
  321. <guid isPermaLink="false">https://www.businessupturn.com/?p=590141</guid>
  322.  
  323. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Arkade Developers Limited, a luxury real estate developer based in Mumbai, has reported its operational performance for the fourth quarter ending 31st March 2025 and for the full financial year 2024-25. For the financial year 2024-25, the company recorded pre-sales of INR 773 crores, representing a 19.8% year-on-year increase compared to INR 645 crores in [&#8230;]]]></description>
  324. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/09/BU-2024-09-24T095707.625-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="0" data-end="202">Arkade Developers Limited, a luxury real estate developer based in Mumbai, has reported its operational performance for the fourth quarter ending 31st March 2025 and for the full financial year 2024-25.</p>
  325. <p class="" data-start="204" data-end="593">For the financial year 2024-25, the company recorded pre-sales of INR 773 crores, representing a 19.8% year-on-year increase compared to INR 645 crores in FY 2023-24. Collections for the year reached INR 716 crores, up 21.8% from the previous year’s INR 588 crores. In terms of area sold, Arkade reported 249,000 sq. ft. in FY25, up from 203,000 sq. ft. in FY24, indicating a 22.7% growth.</p>
  326. <p class="" data-start="595" data-end="1002">During the fourth quarter of FY25, Arkade Developers posted pre-sales of INR 217 crores, marking a 10.6% increase over Q4 FY24, which stood at INR 196 crores. Collections during the same quarter amounted to INR 238 crores, showing a 35.2% rise from INR 176 crores in Q4 FY24. The area sold in Q4 FY25 was 70,000 sq. ft., a 9.4% increase from 64,000 sq. ft. in the corresponding quarter of the previous year.</p>
  327. <p class="" data-start="1004" data-end="1419">Throughout the year, the company launched three residential projects in Mumbai: Arkade Rare in Bhandup, and Arkade Views and Arkade Vistas in Goregaon. Additionally, it received four occupation certificates (OCs) ahead of the RERA schedule for Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime. Arkade Developers also handed over more than 650 residential units, indicating adherence to delivery timelines.</p>
  328. <p class="" data-start="1421" data-end="1578">Further, the company acquired a total of 15.5 acres of land in Mumbai’s western suburbs, with an estimated gross development value (GDV) of INR 8,590 crores.</p>
  329. ]]></content:encoded>
  333. </item>
  334. <item>
  335. <title>Dixon shares jump 5% as Alphabet reportedly explores shifting Pixel production from Vietnam to India </title>
  336. <link>https://www.businessupturn.com/finance/stock-market/dixon-shares-jump-5-as-alphabet-reportedly-explores-shifting-pixel-production-from-vietnam-to-india/</link>
  338. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  339. <pubDate>Tue, 22 Apr 2025 05:26:54 +0000</pubDate>
  340. <category><![CDATA[Stock Market]]></category>
  341. <guid isPermaLink="false">https://www.businessupturn.com/?p=590137</guid>
  342.  
  343. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Shares of Dixon Technologies (India) surged nearly 5% to ₹16,595 on Monday after reports emerged that Alphabet Inc, the parent company of Google, is in talks with Indian contract manufacturers, including Dixon, to shift part of its global Pixel smartphone production from Vietnam to India. As per sources cited by the Economic Times, the talks—which [&#8230;]]]></description>
  344. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/08/Dixon-Tech-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="184" data-end="473">Shares of Dixon Technologies (India) surged nearly 5% to ₹16,595 on Monday after reports emerged that Alphabet Inc, the parent company of Google, is in talks with Indian contract manufacturers, including Dixon, to shift part of its global Pixel smartphone production from Vietnam to India.</p>
  345. <p class="" data-start="475" data-end="841">As per sources cited by the Economic Times, the talks—which began around two weeks ago—are part of Alphabet&#8217;s broader strategy to reduce risks associated with its supply chain amid increasing US tariff pressures on Vietnam. The move is seen as a proactive step in response to a potential 46% tariff on imports from Vietnam, compared to a lower 26% on Indian imports.</p>
  346. <p class="" data-start="843" data-end="1120">Currently, Dixon and Foxconn manufacture 43,000–45,000 Pixel devices per month in India, exclusively for the domestic market. Dixon is responsible for nearly 65-70% of this output, including newer models, from its Noida facility in partnership with Taiwan’s Compal Electronics.</p>
  347. <p class="" data-start="1122" data-end="1362">The report further stated that Alphabet has also shared its plans to localise the production of key components such as fingerprint sensors, enclosures, chargers, and batteries in India to reduce import dependency and further optimise costs.</p>
  348. <p class="" data-start="1364" data-end="1630">At the day’s high, Dixon shares touched ₹16,796 on the NSE, before trading at ₹16,595, up 4.93% from the previous close. The rally also comes amid broader optimism over India’s positioning as a strategic alternative to China and Vietnam in electronics manufacturing.</p>
  349. <p><strong>Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.</p>
  350. ]]></content:encoded>
  354. </item>
  355. <item>
  356. <title>Why are Raymond shares up 7% today? Check here</title>
  357. <link>https://www.businessupturn.com/finance/stock-market/why-are-raymond-shares-up-7-today-check-here/</link>
  359. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  360. <pubDate>Tue, 22 Apr 2025 05:25:57 +0000</pubDate>
  361. <category><![CDATA[Stock Market]]></category>
  362. <guid isPermaLink="false">https://www.businessupturn.com/?p=590135</guid>
  363.  
  364. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Shares of Raymond Ltd surged nearly 7% on Monday, April 22, to trade at ₹1,636.40, marking a gain of ₹100.40 from the previous close of ₹1,536.00. The stock touched a day high of ₹1,658 and was among the top gainers on the NSE. The rally comes after the company disclosed that promoter entity J.K. Investors [&#8230;]]]></description>
  365. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/09/Raymond-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="52" data-end="279">Shares of Raymond Ltd surged nearly 7% on Monday, April 22, to trade at ₹1,636.40, marking a gain of ₹100.40 from the previous close of ₹1,536.00. The stock touched a day high of ₹1,658 and was among the top gainers on the NSE.</p>
  366. <p class="" data-start="281" data-end="732">The rally comes after the company disclosed that promoter entity J.K. Investors (Bombay) Limited has released pledge on a substantial portion of its shares. According to a regulatory filing with the stock exchanges, the release of encumbrance was executed on April 11, 2025, involving approximately <strong data-start="580" data-end="622">2.40% of Raymond&#8217;s total share capital</strong>. The shares were earlier pledged in favour of Standard Chartered Capital Limited for loan repayment purposes.</p>
  367. <p class="" data-start="734" data-end="1013">This development is seen as a positive signal by market participants, as release of pledged shares often implies improved promoter confidence and financial health. The data further shows that J.K. Investors has been steadily reducing encumbrance across several tranches in April.</p>
  368. <p class="" data-start="1015" data-end="1188">At the time of writing, Raymond commands a market capitalization of ₹109.08 crore with a P/E ratio of 1.42. The company&#8217;s shares have a 52-week range of ₹1,168.92 to ₹2,380.</p>
  369. <p class="" data-start="1190" data-end="1577"><strong data-start="1190" data-end="1205">Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.</p>
  370. ]]></content:encoded>
  374. </item>
  375. <item>
  376. <title>HDFC Bank shares jump another 2% after strong Q4 FY25 results; Check brokerages&#8217; targets</title>
  377. <link>https://www.businessupturn.com/finance/stock-market/hdfc-bank-shares-jump-another-2-after-strong-q4-fy25-results-check-brokerages-targets/</link>
  379. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  380. <pubDate>Tue, 22 Apr 2025 05:21:08 +0000</pubDate>
  381. <category><![CDATA[Stock Market]]></category>
  382. <category><![CDATA[HDFC Bank]]></category>
  383. <guid isPermaLink="false">https://www.businessupturn.com/?p=590133</guid>
  384.  
  385. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>HDFC Bank shares climbed nearly 2% on Tuesday, April 22, reaching ₹1,965.10 in intraday trade, continuing their upward momentum after the private sector lender reported strong Q4 FY25 results. The stock touched an intraday high of ₹1,970.60, now approaching its 52-week high, and was last seen trading up ₹38.00 from its previous close of ₹1,927.10. [&#8230;]]]></description>
  386. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/03/Untitled-design-91-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p>HDFC Bank shares climbed nearly 2% on Tuesday, April 22, reaching ₹1,965.10 in intraday trade, continuing their upward momentum after the private sector lender reported strong Q4 FY25 results. The stock touched an intraday high of ₹1,970.60, now approaching its 52-week high, and was last seen trading up ₹38.00 from its previous close of ₹1,927.10.</p>
  387. <p>The standalone net profit for the quarter stood at ₹17,616 crore, up 6.7% year-on-year, exceeding analyst expectations of ₹17,072 crore. Sequentially, profit grew by 5.3%. The bank’s board recommended a dividend of ₹22 per share (face value ₹1), with the record date set as June 27, 2025.</p>
  388. <p>Asset quality remained stable with Gross NPA at 1.33% (down QoQ from 1.42%) and Net NPA at 0.43%. Provisions fell sharply to ₹3,190 crore from ₹13,510 crore in Q4 FY24. Net interest income (NII) rose 10.3% YoY to ₹32,070 crore, while the net interest margin (NIM) stood at 3.54% on total assets.</p>
  389. <h2 class="mb-2 text-base font-semibold leading-6 text-lighter-black">Hdfc Bank Share Price history</h2>
  390. <div>
  391. <table class="w-full table-fixed [&amp;_td]:px-3 sm:[&amp;_td]:px-8 [&amp;_th]:px-3 sm:[&amp;_th]:px-8 rounded-lg text-sm font-semibold shadow-[0_0_0_1px_#E5E5E5]" style="height: 282px" width="882">
  392. <thead class="">
  393. <tr>
  394. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Day</th>
  395. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Open</th>
  396. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Close</th>
  397. <th class="py-4 text-right font-bold first:rounded-tl-lg first:text-left last:rounded-tr-lg bg-background-base">Change %</th>
  398. </tr>
  399. </thead>
  400. <tbody>
  401. <tr class="group bg-gray-light cursor-default">
  402. <td class="text-right first:text-left">
  403. <div class="block py-4">
  404. <div class="font-normal leading-5x text-sm text-lighter-black">Mon, Apr 21 2025</div>
  405. </div>
  406. </td>
  407. <td class="text-right first:text-left">
  408. <div class="block py-4">
  409. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,924.00</div>
  410. </div>
  411. </td>
  412. <td class="text-right first:text-left">
  413. <div class="block py-4">
  414. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,927.10</div>
  415. </div>
  416. </td>
  417. <td class="text-right first:text-left">
  418. <div class="block py-4">
  419. <div class="font-normal leading-5x text-sm text-bar-chart-green">+1.07%</div>
  420. </div>
  421. </td>
  422. </tr>
  423. <tr class="group cursor-default">
  424. <td class="text-right first:text-left">
  425. <div class="block py-4">
  426. <div class="font-normal leading-5x text-sm text-lighter-black">Thu, Apr 17 2025</div>
  427. </div>
  428. </td>
  429. <td class="text-right first:text-left">
  430. <div class="block py-4">
  431. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,882.00</div>
  432. </div>
  433. </td>
  434. <td class="text-right first:text-left">
  435. <div class="block py-4">
  436. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,906.70</div>
  437. </div>
  438. </td>
  439. <td class="text-right first:text-left">
  440. <div class="block py-4">
  441. <div class="font-normal leading-5x text-sm text-bar-chart-green">+1.53%</div>
  442. </div>
  443. </td>
  444. </tr>
  445. <tr class="group bg-gray-light cursor-default">
  446. <td class="text-right first:text-left">
  447. <div class="block py-4">
  448. <div class="font-normal leading-5x text-sm text-lighter-black">Wed, Apr 16 2025</div>
  449. </div>
  450. </td>
  451. <td class="text-right first:text-left">
  452. <div class="block py-4">
  453. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,883.80</div>
  454. </div>
  455. </td>
  456. <td class="text-right first:text-left">
  457. <div class="block py-4">
  458. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,878.00</div>
  459. </div>
  460. </td>
  461. <td class="text-right first:text-left">
  462. <div class="block py-4">
  463. <div class="font-normal leading-5x text-sm text-bar-chart-green">+0.70%</div>
  464. </div>
  465. </td>
  466. </tr>
  467. <tr class="group cursor-default">
  468. <td class="text-right first:text-left">
  469. <div class="block py-4">
  470. <div class="font-normal leading-5x text-sm text-lighter-black">Tue, Apr 15 2025</div>
  471. </div>
  472. </td>
  473. <td class="text-right first:text-left">
  474. <div class="block py-4">
  475. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,865.00</div>
  476. </div>
  477. </td>
  478. <td class="text-right first:text-left">
  479. <div class="block py-4">
  480. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,864.90</div>
  481. </div>
  482. </td>
  483. <td class="text-right first:text-left">
  484. <div class="block py-4">
  485. <div class="font-normal leading-5x text-sm text-bar-chart-green">+3.22%</div>
  486. </div>
  487. </td>
  488. </tr>
  489. <tr class="group bg-gray-light cursor-default">
  490. <td class="text-right first:text-left">
  491. <div class="block py-4">
  492. <div class="font-normal leading-5x text-sm text-lighter-black">Fri, Apr 11 2025</div>
  493. </div>
  494. </td>
  495. <td class="text-right first:text-left">
  496. <div class="block py-4">
  497. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,774.75</div>
  498. </div>
  499. </td>
  500. <td class="text-right first:text-left">
  501. <div class="block py-4">
  502. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,806.75</div>
  503. </div>
  504. </td>
  505. <td class="text-right first:text-left">
  506. <div class="block py-4">
  507. <div class="font-normal leading-5x text-sm text-bar-chart-green">+2.37%</div>
  508. </div>
  509. </td>
  510. </tr>
  511. <tr class="group cursor-default">
  512. <td class="text-right first:text-left">
  513. <div class="block py-4">
  514. <div class="font-normal leading-5x text-sm text-lighter-black">Wed, Apr 9 2025</div>
  515. </div>
  516. </td>
  517. <td class="text-right first:text-left">
  518. <div class="block py-4">
  519. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,765.00</div>
  520. </div>
  521. </td>
  522. <td class="text-right first:text-left">
  523. <div class="block py-4">
  524. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,765.00</div>
  525. </div>
  526. </td>
  527. <td class="text-right first:text-left">
  528. <div class="block py-4">
  529. <div class="font-normal leading-5x text-sm text-danger">-0.23%</div>
  530. </div>
  531. </td>
  532. </tr>
  533. <tr class="group bg-gray-light cursor-default">
  534. <td class="text-right first:text-left">
  535. <div class="block py-4">
  536. <div class="font-normal leading-5x text-sm text-lighter-black">Tue, Apr 8 2025</div>
  537. </div>
  538. </td>
  539. <td class="text-right first:text-left">
  540. <div class="block py-4">
  541. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,765.00</div>
  542. </div>
  543. </td>
  544. <td class="text-right first:text-left">
  545. <div class="block py-4">
  546. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,769.15</div>
  547. </div>
  548. </td>
  549. <td class="text-right first:text-left">
  550. <div class="block py-4">
  551. <div class="font-normal leading-5x text-sm text-bar-chart-green">+0.65%</div>
  552. </div>
  553. </td>
  554. </tr>
  555. <tr class="group cursor-default">
  556. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  557. <div class="block py-4">
  558. <div class="font-normal leading-5x text-sm text-lighter-black">Mon, Apr 7 2025</div>
  559. </div>
  560. </td>
  561. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  562. <div class="block py-4">
  563. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,762.80</div>
  564. </div>
  565. </td>
  566. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  567. <div class="block py-4">
  568. <div class="font-normal leading-5x text-sm text-lighter-black">₹1,757.70</div>
  569. </div>
  570. </td>
  571. <td class="text-right first:text-left first:rounded-bl-lg last:rounded-br-lg">
  572. <div class="block py-4">
  573. <div class="font-normal leading-5x text-sm text-danger">-3.28%</div>
  574. </div>
  575. </td>
  576. </tr>
  577. </tbody>
  578. </table>
  579. </div>
  580. <p>&nbsp;</p>
  581. <p>Deposits grew 15.8% YoY to ₹25.28 lakh crore, with CASA deposits forming 34.8% of the total. Gross advances reached ₹26.44 lakh crore, led by a 9% growth in retail loans and 12.8% in rural and commercial loans, although corporate loans declined 3.6%.</p>
  582. <p>The capital adequacy ratio (CAR) stood strong at 19.6%, up from 18.8% YoY, reflecting robust capital strength.</p>
  583. <p><strong>Brokerage outlook</strong></p>
  584. <p>Following the strong Q4 performance, brokerages have raised their target prices:</p>
  585. <ul>
  586. <li><strong>Axis Capital</strong>: Maintained &#8216;Buy&#8217;, raised target to ₹2,205 from ₹2,000</li>
  587. <li><strong>Jefferies</strong>: &#8216;Buy&#8217; maintained, revised target to ₹2,340 from ₹2,120</li>
  588. <li><strong>CLSA</strong>: Remained &#8216;Buy&#8217;, increased target to ₹2,200 from ₹1,785</li>
  589. <li><strong>Macquarie</strong>: Continued with &#8216;Outperform&#8217;, lifted target to ₹2,300</li>
  590. </ul>
  591. <p><strong>Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.</p>
  592. ]]></content:encoded>
  596. </item>
  597. <item>
  598. <title>Hero MotoCorp shares drop 2% as Jefferies downgrades rating, slashes target price to Rs 3,200</title>
  599. <link>https://www.businessupturn.com/finance/stock-market/hero-motocorp-shares-drop-2-as-jefferies-downgrades-rating-slashes-target-price-to-rs-3200/</link>
  601. <dc:creator><![CDATA[Aman Shukla]]></dc:creator>
  602. <pubDate>Tue, 22 Apr 2025 05:17:35 +0000</pubDate>
  603. <category><![CDATA[Stock Market]]></category>
  604. <category><![CDATA[Hero Motocorp]]></category>
  605. <guid isPermaLink="false">https://www.businessupturn.com/?p=590128</guid>
  606.  
  607. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1199" height="675" src="https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP.jpg 1199w, https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP-768x432.jpg 768w" sizes="auto, (max-width: 1199px) 100vw, 1199px" /></div>Hero MotoCorp shares fell 2% after global brokerage firm Jefferies downgraded the stock to underperform and sharply cut its target price to ₹3,200 from ₹5,075 — a 37% reduction. The downgrade comes amid concerns over Hero Moto’s declining market share and weak growth outlook in the two-wheeler industry. Jefferies highlighted that Hero MotoCorp&#8217;s domestic two-wheeler [&#8230;]]]></description>
  608. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1199" height="675" src="https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP.jpg 1199w, https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2020/08/HERO-MOTOCORP-768x432.jpg 768w" sizes="auto, (max-width: 1199px) 100vw, 1199px" /></div><p class="" data-start="97" data-end="403">Hero MotoCorp shares fell 2% after global brokerage firm Jefferies downgraded the stock to <em data-start="188" data-end="202">underperform</em> and sharply cut its target price to ₹3,200 from ₹5,075 — a 37% reduction. The downgrade comes amid concerns over Hero Moto’s declining market share and weak growth outlook in the two-wheeler industry.</p>
  609. <p class="" data-start="405" data-end="631">Jefferies highlighted that Hero MotoCorp&#8217;s domestic two-wheeler market share has plunged to a 20-year low. In contrast, competitors like TVS Motor have gained ground, with TVS now holding its highest market share in 18 years.</p>
  610. <p data-start="405" data-end="631">The brokerage also slashed its FY26-27 Earnings Per Share (EPS) estimates for Hero MotoCorp by 11%, citing growing competition and slower volume growth across the sector.</p>
  611. <p data-start="405" data-end="631">Additionally, Jefferies has trimmed its two-wheeler industry volume growth forecasts by six percentage points for FY26 and two points for FY27. Still, it expects a 10% CAGR over FY25-28.</p>
  612. <p data-start="405" data-end="631">Hero MotoCorp shares opened at ₹3,901 and hit a high of ₹3,902.90, with a low of ₹3,821.20 today. The stock remains significantly below its 52-week high of ₹6,246.25 but is still above the 52-week low of ₹3,344.00.</p>
  613. <p data-start="405" data-end="631"><strong>Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.</p>
  614. ]]></content:encoded>
  618. </item>
  619. <item>
  620. <title>Canara Bank shares rise nearly 3% as RBI eases final LCR norms; stock nears 52-week high</title>
  621. <link>https://www.businessupturn.com/finance/stock-market/canara-bank-shares-rise-nearly-3-as-rbi-eases-final-lcr-norms-stock-nears-52-week-high/</link>
  623. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  624. <pubDate>Tue, 22 Apr 2025 05:17:16 +0000</pubDate>
  625. <category><![CDATA[Stock Market]]></category>
  626. <guid isPermaLink="false">https://www.businessupturn.com/?p=590130</guid>
  627.  
  628. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Shares of Canara Bank rose nearly 3% in early trade on Monday, April 22, hitting ₹101.65, up ₹2.65 or 2.68% from its previous close of ₹99.00. The stock is inching closer to its 52-week high of ₹128.90 amid supportive regulatory developments from the Reserve Bank of India (RBI). The rally comes after the RBI released [&#8230;]]]></description>
  629. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2020/12/Untitled-design-2020-12-09T113643.743-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><article class="text-token-text-primary w-full" dir="auto" data-testid="conversation-turn-338" data-scroll-anchor="true">
  630. <div class="text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[70rem]:[--thread-content-margin:--spacing(12)] px-(--thread-content-margin)">
  631. <div class="[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group/turn-messages focus-visible:outline-hidden">
  632. <div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn">
  633. <div class="relative flex-col gap-1 md:gap-3">
  634. <div class="flex max-w-full flex-col grow">
  635. <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5" dir="auto" data-message-author-role="assistant" data-message-id="97b12a58-6b95-4668-bef5-e4db4a485fa9" data-message-model-slug="gpt-4o">
  636. <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]">
  637. <div class="markdown prose dark:prose-invert w-full break-words dark">
  638. <p class="" data-start="201" data-end="480">Shares of Canara Bank rose nearly 3% in early trade on Monday, April 22, hitting ₹101.65, up ₹2.65 or 2.68% from its previous close of ₹99.00. The stock is inching closer to its 52-week high of ₹128.90 amid supportive regulatory developments from the Reserve Bank of India (RBI).</p>
  639. <p class="" data-start="482" data-end="824">The rally comes after the RBI released the final rules on the Liquidity Coverage Ratio (LCR) framework, which were perceived as less stringent than the July 2024 draft. The central bank has halved the additional run-off rate for retail and small business IMB-enabled deposits from 5% (proposed) to 2.5%, providing significant relief to banks.</p>
  640. <p class="" data-start="826" data-end="1062">Stable retail deposits enabled via internet and mobile banking will now attract a 7.5% run-off factor, while less stable ones will face a 12.5% rate — up from the current 5% and 10%, but much lower than the earlier proposed 10% and 15%.</p>
  641. <p class="" data-start="1064" data-end="1337">ICRA noted that the modified norms could free up ₹2.7-3.0 lakh crore in HQLAs, providing additional credit growth potential of 1.4-1.5% for the banking system. The RBI also postponed the implementation of the revised norms to April 2026, allowing banks more time to adjust.</p>
  642. <p class="" data-start="1339" data-end="1506">With a market cap of ₹921.58 billion and a P/E ratio of 5.61, Canara Bank is one of the most active PSU bank stocks today, benefiting from improved investor sentiment.</p>
  643. <hr class="" data-start="1508" data-end="1511" />
  644. <p class="" data-start="1513" data-end="1803"><strong data-start="1513" data-end="1528">Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.</p>
  645. </div>
  646. </div>
  647. </div>
  648. </div>
  649. <div class="flex justify-start">
  650. <div class="touch:-me-2 touch:-ms-3.5 -ms-2.5 -me-1 flex items-center p-1 select-none -mt-1 duration-[1.5s] focus-within:transition-none hover:transition-none pointer-events-none [mask-image:linear-gradient(to_right,black_33%,transparent_66%)] [mask-position:100%_0%] [mask-size:300%_100%] motion-safe:transition-[mask-position] group-hover/turn-messages:pointer-events-auto group-hover/turn-messages:[mask-position:0_0] group-focus-within/turn-messages:pointer-events-auto group-focus-within/turn-messages:[mask-position:0_0] has-data-[state=open]:pointer-events-auto has-data-[state=open]:[mask-position:0_0]"><button class="text-token-text-secondary hover:bg-token-main-surface-secondary rounded-lg" aria-label="Copy" data-testid="copy-turn-action-button"></button><button class="text-token-text-secondary hover:bg-token-main-surface-secondary rounded-lg" aria-label="Good response" data-testid="good-response-turn-action-button"></button><button class="text-token-text-secondary hover:bg-token-main-surface-secondary rounded-lg" aria-label="Bad response" data-testid="bad-response-turn-action-button"></button><button class="text-token-text-secondary hover:bg-token-main-surface-secondary rounded-lg" aria-label="Read aloud" data-testid="voice-play-turn-action-button"></button><button class="text-token-text-secondary hover:bg-token-main-surface-secondary rounded-lg" aria-label="Edit in canvas"></button></p>
  651. <div class="flex items-center pb-0"><span class="overflow-hidden text-sm text-clip whitespace-nowrap">4o</span></div>
  652. <p><button class="text-token-text-secondary hover:bg-token-main-surface-secondary rounded-lg sm:hidden" aria-label="Share conversation"></button></div>
  653. </div>
  654. <div class="mt-3 w-full empty:hidden">
  655. <div class="text-center"></div>
  656. </div>
  657. </div>
  658. <div class="absolute">
  659. <div class="flex items-center justify-center"></div>
  660. </div>
  661. </div>
  662. </div>
  663. </div>
  664. </article>
  665. <div class="pointer-events-none h-px w-px" aria-hidden="true" data-edge="true"></div>
  666. ]]></content:encoded>
  670. </item>
  671. <item>
  672. <title>Gold prices today in your city: Check rates in Mumbai, Delhi, Chennai, Hyderabad, Bengaluru and Kolkata on April 22</title>
  673. <link>https://www.businessupturn.com/sectors/commodities/gold-prices-today-in-your-city-check-rates-in-mumbai-delhi-chennai-hyderabad-bengaluru-and-kolkata-on-april-22/</link>
  675. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  676. <pubDate>Tue, 22 Apr 2025 05:14:11 +0000</pubDate>
  677. <category><![CDATA[Commodities]]></category>
  678. <guid isPermaLink="false">https://www.businessupturn.com/?p=590120</guid>
  679.  
  680. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Gold prices surged to fresh record highs across India on April 22, 2025, amid growing global economic uncertainty, trade tensions, and a weakening dollar. As investors increasingly turn to safe haven assets, gold has climbed over 25% year-to-date. At 9:10 AM, MCX Gold hit an all-time high of ₹98,900 per 10 grams, rising by ₹1,621 [&#8230;]]]></description>
  681. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/05/Retail-Gold-Rate-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p>Gold prices surged to fresh record highs across India on April 22, 2025, amid growing global economic uncertainty, trade tensions, and a weakening dollar. As investors increasingly turn to safe haven assets, gold has climbed over 25% year-to-date.</p>
  682. <p>At 9:10 AM, MCX Gold hit an all-time high of ₹98,900 per 10 grams, rising by ₹1,621 on the day. Silver followed suit, with MCX Silver jumping ₹508 to ₹95,755 per kg. According to the Indian Bullion Association (IBA), 24-carat gold was priced at ₹97,560 per 10 grams, and 22-carat gold stood at ₹89,430 per 10 grams as of 7 AM. Silver (999 Fine) was quoted at ₹95,720 per kg.</p>
  683. <p>Check gold and silver prices in major cities on April 22 below:</p>
  684. <hr />
  685. <h3><strong>Gold and Silver Prices – City-wise Breakdown</strong></h3>
  686. <p><strong>Mumbai</strong></p>
  687. <ul>
  688. <li>Gold bullion: ₹97,380/10 gm</li>
  689. <li>MCX Gold: ₹98,900/10 gm</li>
  690. <li>Silver bullion: ₹95,540/kg</li>
  691. <li>MCX Silver 999: ₹95,755/kg</li>
  692. </ul>
  693. <p><strong>Chennai</strong></p>
  694. <ul>
  695. <li>Gold bullion: ₹94,750/10 gm</li>
  696. <li>MCX Gold: ₹98,900/10 gm</li>
  697. <li>Silver bullion: ₹95,460/kg</li>
  698. <li>MCX Silver 999: ₹95,755/kg</li>
  699. </ul>
  700. <p><strong>Kolkata</strong></p>
  701. <ul>
  702. <li>Gold bullion: ₹94,350/10 gm</li>
  703. <li>MCX Gold: ₹98,900/10 gm</li>
  704. <li>Silver bullion: ₹95,820/kg</li>
  705. <li>MCX Silver 999: ₹95,755/kg</li>
  706. </ul>
  707. <p><strong>Hyderabad</strong></p>
  708. <ul>
  709. <li>Gold bullion: ₹97,540/10 gm</li>
  710. <li>MCX Gold: ₹98,900/10 gm</li>
  711. <li>Silver bullion: ₹95,690/kg</li>
  712. <li>MCX Silver 999: ₹95,755/kg</li>
  713. </ul>
  714. <p><strong>Bengaluru</strong></p>
  715. <ul>
  716. <li>Gold bullion: ₹94,460/10 gm</li>
  717. <li>MCX Gold: ₹98,900/10 gm</li>
  718. <li>Silver bullion: ₹95,620/kg</li>
  719. <li>MCX Silver 999: ₹95,755/kg</li>
  720. </ul>
  721. <p><strong>New Delhi</strong></p>
  722. <ul>
  723. <li>Gold bullion: ₹94,260/10 gm</li>
  724. <li>MCX Gold: ₹98,900/10 gm</li>
  725. <li>Silver bullion: ₹95,380/kg</li>
  726. <li>MCX Silver 999: ₹95,755/kg</li>
  727. </ul>
  728. <hr />
  729. <p>As the global trade war deepens and inflation concerns persist, analysts expect the demand for gold and silver to remain elevated in the near term.</p>
  730. ]]></content:encoded>
  734. </item>
  735. <item>
  736. <title>RateGain and Tunisair extend partnership for three more years to strengthen revenue management</title>
  737. <link>https://www.businessupturn.com/finance/stock-market/rategain-and-tunisair-extend-partnership-for-three-more-years-to-strengthen-revenue-management/</link>
  739. <dc:creator><![CDATA[Aman Shukla]]></dc:creator>
  740. <pubDate>Tue, 22 Apr 2025 05:04:38 +0000</pubDate>
  741. <category><![CDATA[Stock Market]]></category>
  742. <category><![CDATA[Rategain]]></category>
  743. <guid isPermaLink="false">https://www.businessupturn.com/?p=590126</guid>
  744.  
  745. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>RateGain Travel Technologies Limited, a provider of AI-powered SaaS solutions for the travel and hospitality industry, has announced a three-year extension of its partnership with Tunisair, the national carrier of Tunisia. Since 2022, Tunisair has utilized RateGain’s pricing intelligence platform, AirGain, to support its revenue management efforts. Over the past two years, the airline has [&#8230;]]]></description>
  746. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/02/Rategain-Travel-Technologies-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="210" data-end="462">RateGain Travel Technologies Limited, a provider of AI-powered SaaS solutions for the travel and hospitality industry, has announced a three-year extension of its partnership with Tunisair, the national carrier of Tunisia.</p>
  747. <p class="" data-start="464" data-end="842">Since 2022, Tunisair has utilized RateGain’s pricing intelligence platform, AirGain, to support its revenue management efforts. Over the past two years, the airline has applied AirGain’s real-time market data and AI-driven analytics to monitor competitor pricing, optimize fares, and respond to market changes across its network, which spans Europe, Africa, and the Middle East.</p>
  748. <p class="" data-start="844" data-end="1223">The extended partnership will continue to focus on data-driven pricing decisions. As part of the new agreement, RateGain will introduce its upcoming AI-powered feature, the Route Performance Digest, to Tunisair. This solution will deliver daily route-level performance insights, helping the airline identify anomalies, refine pricing strategies, and improve fare competitiveness.</p>
  749. <p class="" data-start="1225" data-end="1343">This renewal highlights Tunisair’s ongoing focus on technology-driven revenue optimization in a dynamic travel market.</p>
  750. ]]></content:encoded>
  754. </item>
  755. <item>
  756. <title>Premier Energies shares jump 6% as US imposes heavy duties on Southeast Asian solar imports</title>
  757. <link>https://www.businessupturn.com/finance/stock-market/premier-energies-shares-jump-6-as-us-imposes-heavy-duties-on-southeast-asian-solar-imports/</link>
  759. <dc:creator><![CDATA[Aman Shukla]]></dc:creator>
  760. <pubDate>Tue, 22 Apr 2025 04:24:52 +0000</pubDate>
  761. <category><![CDATA[Stock Market]]></category>
  762. <category><![CDATA[Premier Energies]]></category>
  763. <guid isPermaLink="false">https://www.businessupturn.com/?p=590117</guid>
  764.  
  765. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Premier Energies&#8217; stock price has surged by 6% following the United States’ decision to impose hefty anti-dumping and countervailing duties on solar equipment imports from Cambodia, Vietnam, Malaysia, and Thailand. As of 9:53 AM, the shares were trading 5.51% higter at Rs 1,065.05. The US Department of Commerce recently announced new tariffs, reaching up to [&#8230;]]]></description>
  766. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/08/Premier-Energies-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p>Premier Energies&#8217; stock price has surged by 6% following the United States’ decision to impose hefty anti-dumping and countervailing duties on solar equipment imports from Cambodia, Vietnam, Malaysia, and Thailand. As of 9:53 AM, the shares were trading 5.51% higter at Rs 1,065.05.</p>
  767. <p class="" data-start="427" data-end="873">The US Department of Commerce recently announced new tariffs, reaching up to a staggering 3,521%, in response to an investigation initiated under former President Joe Biden. The investigation accused solar manufacturers from the four Southeast Asian nations of benefiting from unfair subsidies and dumping practices. This decision adds to the tariffs introduced during the Trump administration, further complicating the global solar supply chain.</p>
  768. <p data-start="427" data-end="873">Premier Energies shares have been experiencing notable fluctuations in the stock market. The stock opened at ₹1,036.85, reached a high of ₹1,079.45, and touched a low of ₹1,016.90. Over the past 52 weeks, the stock has seen a peak of ₹1,388.00 and a low of ₹774.05, reflecting a significant range in its performance.</p>
  769. <p data-start="875" data-end="1278"><strong>Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.</p>
  770. ]]></content:encoded>
  774. </item>
  775. <item>
  776. <title>RBL Bank recovers 5% from intra-day’s low after major block deal involving 2.3 crore shares takes place</title>
  777. <link>https://www.businessupturn.com/finance/stock-market/rbl-bank-recovers-5-from-intra-days-low-after-major-block-deal-involving-2-3-crore-shares-takes-place/</link>
  779. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  780. <pubDate>Tue, 22 Apr 2025 04:21:26 +0000</pubDate>
  781. <category><![CDATA[Stock Market]]></category>
  782. <guid isPermaLink="false">https://www.businessupturn.com/?p=590118</guid>
  783.  
  784. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Shares of RBL Bank Ltd slipped over 2% in early trade on Tuesday but later recovered nearly 5% from intra-day lows following a large block deal involving 2.3 crore shares — or 3.9% of the lender’s total equity — changing hands at an average price of ₹188 per share. As of 9:48 AM, RBL Bank [&#8230;]]]></description>
  785. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2024/12/BU-2024-12-26T080057.222-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="170" data-end="435">Shares of RBL Bank Ltd slipped over 2% in early trade on Tuesday but later recovered nearly 5% from intra-day lows following a large block deal involving 2.3 crore shares — or 3.9% of the lender’s total equity — changing hands at an average price of ₹188 per share.</p>
  786. <p class="" data-start="437" data-end="771">As of 9:48 AM, RBL Bank shares were trading at ₹189.91, down 1.1% or ₹2.12 from the previous close of ₹192.03. The stock had hit a low of ₹183.45 earlier in the session, before rebounding sharply. The stock has risen 8% over the last month and is up 20% so far in 2025, although it still remains 30% below its 52-week high of ₹272.05.</p>
  787. <p class="" data-start="773" data-end="1073">According to CNBC-TV18, British International Investment — which held a 3.82% stake in the bank as per March shareholding data — is believed to have offloaded its entire holding in Tuesday’s block deal. Both domestic and foreign institutional investors are said to have participated in the transaction.</p>
  788. <p class="" data-start="1075" data-end="1213">Notably, Mahindra &amp; Mahindra, which recently acquired a 3.8% stake in RBL Bank, did not participate in the deal, as per CNBC-TV18 sources.</p>
  789. <p class="" data-start="1215" data-end="1475">Currently, mutual funds hold a 15.27% stake in the bank, led by Nippon Life India and Quant Mutual Fund, while foreign portfolio investors hold 14.43%. Retail investors, defined as those holding up to ₹2 lakh in capital, account for 22.15% of the shareholding.</p>
  790. <p class="" data-start="1477" data-end="1767"><strong data-start="1477" data-end="1492">Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.</p>
  791. ]]></content:encoded>
  795. </item>
  796. <item>
  797. <title>Rajratan Global Wire shares jump 12% following Q4 FY25 results</title>
  798. <link>https://www.businessupturn.com/finance/stock-market/rajratan-global-wire-shares-jump-12-following-q4-fy25-results/</link>
  800. <dc:creator><![CDATA[Aman Shukla]]></dc:creator>
  801. <pubDate>Tue, 22 Apr 2025 04:13:15 +0000</pubDate>
  802. <category><![CDATA[Stock Market]]></category>
  803. <category><![CDATA[Rajratan Global]]></category>
  804. <guid isPermaLink="false">https://www.businessupturn.com/?p=590114</guid>
  805.  
  806. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Rajratan Global Wire shares surged 12% following the announcement of its Q4 FY25 results, drawing strong investor attention despite a mixed performance. As of 9:40 AM, the shares were trading 11.84% higher at Rs 363.65. The company reported a 4.9% increase in revenue, reaching ₹251 crore compared to ₹240 crore in the same quarter last [&#8230;]]]></description>
  807. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/04/Untitled-design-6-4-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="0" data-end="394">Rajratan Global Wire shares surged 12% following the announcement of its Q4 FY25 results, drawing strong investor attention despite a mixed performance. As of 9:40 AM, the shares were trading 11.84% higher at Rs 363.65.</p>
  808. <p class="" data-start="0" data-end="394">The company reported a 4.9% increase in revenue, reaching ₹251 crore compared to ₹240 crore in the same quarter last year.</p>
  809. <p class="" data-start="396" data-end="713">However, the company&#8217;s profitability metrics showed some pressure. EBITDA declined by 3.1% to ₹33.3 crore from ₹34.4 crore. Correspondingly, the EBITDA margin contracted to 13.3% from 14.4%. Net profit took a sharper hit, falling 24.9% to ₹15.2 crore from ₹20.3 crore year-on-year.</p>
  810. <p data-start="396" data-end="713">Rajratan Global Wire opened at ₹330.05 today, reaching a high of ₹367.00 and a low of ₹329.05. Despite recent fluctuations, the stock remains significantly below its 52-week high of ₹678.00. However, it still trades well above its 52-week low of ₹260.00.</p>
  811. <p data-start="396" data-end="713"><strong>Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.</p>
  812. ]]></content:encoded>
  816. </item>
  817. <item>
  818. <title>Lotus Chocolate shares hits 5% lower circuit after Q4 profit falls 65% YoY to Rs 1.42 crore</title>
  819. <link>https://www.businessupturn.com/finance/stock-market/lotus-chocolate-shares-hits-5-lower-circuit-after-q4-profit-falls-65-yoy-to-rs-1-42-crore/</link>
  821. <dc:creator><![CDATA[Aditya Bhagchandani]]></dc:creator>
  822. <pubDate>Tue, 22 Apr 2025 04:03:31 +0000</pubDate>
  823. <category><![CDATA[Stock Market]]></category>
  824. <category><![CDATA[Lotus Chocolate]]></category>
  825. <guid isPermaLink="false">https://www.businessupturn.com/?p=590108</guid>
  826.  
  827. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Shares of Lotus Chocolate Company Ltd plunged 5% to ₹1,103.90 on Monday, locking in the lower circuit, after the company announced a sharp decline in its Q4 FY25 net profit despite robust growth in revenue. The stock fell from its previous close of ₹1,161.95, with no recovery seen in early trade. In its financial results [&#8230;]]]></description>
  828. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686.jpg 1200w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686-300x169.jpg 300w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686-1024x576.jpg 1024w, https://images.businessupturn.com/wp-content/uploads/2025/04/BU-2025-04-22T093246.686-768x432.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p class="" data-start="154" data-end="451">Shares of Lotus Chocolate Company Ltd plunged 5% to ₹1,103.90 on Monday, locking in the lower circuit, after the company announced a sharp decline in its Q4 FY25 net profit despite robust growth in revenue. The stock fell from its previous close of ₹1,161.95, with no recovery seen in early trade.</p>
  829. <p class="" data-start="453" data-end="787">In its financial results for the quarter ended March 2025, Lotus Chocolate reported a 64.5% year-on-year (YoY) drop in net profit to ₹1.42 crore, down from ₹4.00 crore in Q4 FY24. This decline in profitability came despite a 139.2% jump in quarterly revenue, which rose to ₹157.45 crore from ₹65.82 crore in the same period last year.</p>
  830. <p class="" data-start="789" data-end="1039">The company’s operational performance for the full year, however, was strong. Net profit for FY25 surged 240.5% to ₹17.23 crore from ₹5.06 crore in FY24. Total revenue for the year grew 186.8% to ₹573.75 crore from ₹200.03 crore in the previous year.</p>
  831. <p class="" data-start="1041" data-end="1222">Operating profit margins for the quarter stood at 3.6%, up from 2.7% in Q4 FY24. However, higher operating costs and other expenses likely pressured the bottom line for the quarter.</p>
  832. <p class="" data-start="1224" data-end="1514"><strong data-start="1224" data-end="1239">Disclaimer:</strong> The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.</p>
  833. ]]></content:encoded>
  837. </item>
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  840.  

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