Latest news with #Rs.16
Business Standard
3 days ago
- Business
- Business Standard
Volumes soar at LMW Ltd counter
LMW Ltd recorded volume of 36954 shares by 10:46 IST on BSE, a 296.42 times surge over two-week average daily volume of 125 shares Gujarat Pipavav Port Ltd, Engineers India Ltd, Concord Biotech Ltd, Sobha Ltd are among the other stocks to see a surge in volumes on BSE today, 30 May 2025. LMW Ltd recorded volume of 36954 shares by 10:46 IST on BSE, a 296.42 times surge over two-week average daily volume of 125 shares. The stock lost 3.15% to Rs.16,840.00. Volumes stood at 126 shares in the last session. Gujarat Pipavav Port Ltd clocked volume of 11.51 lakh shares by 10:46 IST on BSE, a 15.05 times surge over two-week average daily volume of 76436 shares. The stock gained 8.21% to Rs.160.10. Volumes stood at 55833 shares in the last session. Engineers India Ltd clocked volume of 26.46 lakh shares by 10:46 IST on BSE, a 9.85 times surge over two-week average daily volume of 2.69 lakh shares. The stock gained 5.75% to Rs.229.95. Volumes stood at 10.02 lakh shares in the last session. Concord Biotech Ltd notched up volume of 37980 shares by 10:46 IST on BSE, a 6.02 fold spurt over two-week average daily volume of 6311 shares. The stock rose 5.03% to Rs.1,750.85. Volumes stood at 12180 shares in the last session. Sobha Ltd recorded volume of 37221 shares by 10:46 IST on BSE, a 5.6 times surge over two-week average daily volume of 6648 shares. The stock gained 3.28% to Rs.1,432.90. Volumes stood at 11681 shares in the last session.
Time of India
26-05-2025
- Business
- Time of India
Looking to take your investments international? Why Gift city should be your chosen gateway
The International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT) is treated as an international jurisdiction, even though its central business district is located within India's borders. As an example, Indian banks that have branches at GIFT report the deposits there as global (non-domestic) deposits. This is a gateway for investments to and from abroad, which can be used as per one's requirements. While international investments can also be accessed outside of GIFT—through avenues like the $2,50,000 annual Liberalised Remittance Scheme (LRS) or mutual funds—it's useful to be aware of all available options to make informed decisions. Outbound investments Global stocks are listed on the NSE IFSC at GIFT City, though currently this is limited to select US stocks. Indian exchanges like NSE and BSE operate at GIFT City, offering a curated list of leading global stocks. Due to currency conversion, stock prices in INR tend to be on the higher side. Investors cannot purchase these stocks directly; instead, they must invest through an IFSC receipt—an unsponsored depository receipt (UDR), which is a negotiable financial instrument. The UDR represents fractional ownership of the underlying US stock. Let us consider an example. Say you have a positive view on the Apple stock and want to take exposure. We'll assume the stock costs $199, the unit being US dollar (USD). At a conversion rate of about Rs.84.5 to a USD, the price per share of Apple would be approximately Rs.16,800. Let's say the price of one UDR, with Apple as the underlying asset, at NSE IFSC is $7.95. Using the same conversion, it is approximately Rs.672. Hence, you are buying nearly 4% of one stock of Apple, with commensurate benefits in price appreciation and dividends. This is known as fractional ownership—without owning one full stock, you hold a fraction of it, with proportionate benefits. Outbound investments through GIFT City are part of the LRS, which has a ceiling of $2,50,000 per financial year. You go to your bank, get your money converted from INR to USD, and remit USD to your broker. There are currently seven brokers, all Indian entities, set up at GIFT City for this purpose and their names are listed on the NSE IX website. There is no compulsion for investments abroad through GIFT City, but the finance hub enables you and guides you for the purpose. Live Events Over time, the volume of overseas investments has been steadily rising. According to the RBI, the top categories for remittances are travel, education, maintenance of relatives, and gifts—followed by investments. From a $0.75 billion investment in equity/debt via LRS in 2021-22, the number steadily rose to $1.25 billion in 2022-23, and $1.5 billion in 2023-24. If an Indian investor already has funds abroad and that is routed through GIFT City, it is not counted as part of the LRS limit. In simple words, your LRS limits get freed up every year; hence, your past LRS investments fall within the LRS limit of that year. Every year you start on a fresh plate; a limit of $2,50,000. Outbound investments carry the additional benefit of INR depreciation over the investment horizon. For example, you invest in stocks/bonds/mutual funds abroad when the USD-INR exchange rate was 83. After a few years, at the time of withdrawal, it reaches 86. As you are converting from USD to INR at 86, this depreciation adds to the returns you earned from your investments abroad. Inbound investments Investments flowing into India through GIFT City initially come in foreign currency, as the central business district is a foreign jurisdiction. For overseas investors, it is expected to be in USD (or other foreign currency), but it should be the same for Indian/NRI investors as well. Investments of funds into India is according to the financial product mandate as delineated by the product manufacturer. It could be investments into Indian equity or bonds or any asset class, as per the product specifications. The money is converted to INR and enters Indian jurisdiction. As long as funds remain invested in a bank at GIFT City in foreign currency, it is not a remittance to India, for that limited period. For investments in India, there is the risk of currency depreciation over the investment horizon. As stated in the earlier example, if a foreign or NRI investor put in money when the exchange rate was 83, they got commensurate INR for investments. On redemption, at conversion rate of 86, they would get relatively lower quantum of USD. A point to be noted is that India-focused investment avenues cannot be availed by resident Indian investors, since investments into the country from an offshore jurisdiction by resident Indians will tantamount to roundtripping, which is not permitted by the RBI. End note For investments abroad, if you have an appropriate wealth manager/investment adviser, you can take guidance on investment opportunities abroad. If your aim is to send money abroad for a goal that is a few years away, such as your child's education, the INR depreciation is an issue. You may send money earlier, in phases, to avoid the depreciation issue, to suitable investment products abroad. The Author IS A CORPORATE TRAINER AND AUTHOR.
Mint
13-05-2025
- Business
- Mint
Bharti Airtel Q4 Results: Net profit surges multifolds to ₹11,022 crore, revenue up 27.3% YoY; Dividend declared
Bharti Airtel Q4 Results: Bharti Airtel announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Tuesday, May 13, reporting a multifold surge of 432 per cent in consolidated net profit to ₹ 11,022 crore, compared to ₹ 2071.6 crore in the corresponding period last year. India's second-largest telecom operator's revenue from operations in the fourth quarter of FY25 rose 27.3 per cent to ₹ 47,876 crore after price hikes boosted revenue per user, compared to ₹ 37,599 crore in the year-ago period. The wireless carrier major benefited from a one-time tax gain and continued to gain new subscribers. The growth for the telecom giant came as it benefitted from the tariff hike which was announced in July first week. The average revenue per user -- a key matrix of a telco's business -- grew about 17 per cent to ₹ 245 during the quarter from ₹ 209 a year earlier. The India subscriber base grew to 42.4 crore in March 2025 quarter. For the year ended March 31, 2025, Airtel posted about fourfold increase in consolidated net profit to ₹ 33,556 crore from ₹ 7,467 crore in FY24. The annual revenue from operations of Bharti Airtel grew 15.33 per cent to ₹ 1,72,985.2 crore during the reported fiscal year from ₹ 1,49,982.4 crore in FY24. The company had 590.51 million subscribers as of end March, up 2.3% quarter on quarter. The India business saw improved realizations in mobile segment, strong momentum in Homes business and Indus Towers consolidation, the company said. Higher data consumption, increased rates and users consuming more premium services will drive stronger ARPU, Bernstein Societe Generale Group said in a note last month. Indian telecom tariffs are low in absolute terms as compared with other comparable markets, which should support potential rate increases going forward, it said. During the quarter under review, Bharti signed an agreement with SpaceX to offer high-speed Internet services from Starlink Inc. to its India customers. Rival Jio Platforms Ltd., controlled by billionaire Mukesh Ambani, also announced a similar pact with SpaceX. As of March 31, 2025, the company had 28.58 million customers, an increase of 3.4% from 27.65 million in the corresponding quarter last year. Total minutes of usage on the network during the quarter were 95 billion, representing a growth of 4.9% against 91 billion YoY. The Board has considered and recommended a final dividend of Rs.16/- per fully paid-up equity share of face value Rs. 5/- each; and Rs. 4/- per partly paid-up equity share of face value Rs. 5/- each (paid-up value Rs.1.25/- per share) for the financial year 2024-25. The dividend is in proportion to the amount paid-up on each equity share of face value Rs. 5/- each.
Economic Times
30-04-2025
- Business
- Economic Times
Kindle Paper White review - A stand-out choice for avid readers
Kindle has launched the new Paper White. The new Kindle is priced at Rs 16,999. The device comes with improved battery and display Tired of too many ads? Remove Ads Price & Availability Display & Design Tired of too many ads? Remove Ads Software & Battery Verdict The new Kindle Paperwhite is here, and it's being touted as Amazon's fastest and most refined version yet. With a larger 7-inch display, smoother page turns thanks to a dual-core processor, and up to 12 weeks of battery life, it certainly brings some notable upgrades. The display now offers higher contrast and narrower borders, aiming to make reading more comfortable and immersive. It's also waterproof, has 16GB of storage, and includes features like adjustable warm light and dark mode for flexible reading across environments. On paper, it checks many boxes for book lovers. But with a price tag of ₹16,999, does it really justify the cost? Or are these upgrades more evolutionary than revolutionary? Find out in my new Kindle Paper White is available for the price of Rs.16,999 and can be bought on Amazon India's new Kindle Paperwhite takes a solid step forward in both design and display. It features a 7-inch glare-free display—the largest ever on a Paperwhite—offering a higher contrast ratio thanks to its new oxide thin-film transistor technology. This makes text and images pop off the screen, enhancing readability. The matte finish on the display adds to the paper-like feel, making reading more immersive and natural. It's also super responsive, and easily the smoothest typing experience I've had on a Kindle so far—ideal for highlighting, searching, or display supports adjustable warm light and dark mode, giving users full control over brightness and comfort whether they're reading during the day or late into the night. It's a joy to read indoors and in low-light conditions. You can also customize font sizes and styles to suit your reading preference, which is especially helpful for however, the experience is a bit mixed. While the display remains readable under shade, bright direct sunlight can compromise visibility, particularly when reading in open spaces like the device is thin, lightweight, and well-balanced at just 205 grams. With narrower bezels and a compact form factor, it's perfectly suited for long reading sessions and road trips—easy to hold and easier to software experience on the new Kindle Paperwhite is intuitive, user-friendly, and designed to get out of the way so you can focus on what matters—reading. From setup to daily use, everything feels smooth and accessible. The Kindle Store offers a wide and well-organized book collection, making it easy to browse by genre, recommendations, or personal interest. With 16GB of storage, you can carry thousands of books with you, ensuring you're never without something to read—whether you're commuting, traveling, or just lounging at truly adds value this time around are the thoughtful new features. The X-Ray tool gives you deeper insight into characters, terms, and locations within a book—great for staying engaged, especially with complex narratives. You can also now display your book cover on the lock screen, customize your library, and explore tools like Vocabulary Builder, Word Wise, Reading Themes, and Dark Mode for a more tailored experience. Accessibility options like VoiceView (text-to-speech via Bluetooth) make the device even more of the standout strengths is battery life. Despite all these features, the Kindle Paperwhite can easily last up to 12 weeks on a single charge, which means you can go months without worrying about plugging it in—truly a reader's new Kindle Paperwhite is a well-rounded e-reader with a crisp 7-inch matte display, long battery life, and thoughtful software upgrades like X-Ray and customizable reading modes. While outdoor visibility in harsh sunlight is a drawback, its 16GB storage and distraction-free design make it ideal for serious readers. At ₹16,999, it's a premium buy—but worth it if you read regularly and want a dedicated, travel-friendly device. Casual readers might find better value in the Kindle app, but for book lovers, this is a worthy upgrade.
Time of India
30-04-2025
- Business
- Time of India
Kindle Paper White review - A stand-out choice for avid readers
Price & Availability Display & Design Software & Battery Verdict The new Kindle Paperwhite is here, and it's being touted as Amazon's fastest and most refined version yet. With a larger 7-inch display, smoother page turns thanks to a dual-core processor, and up to 12 weeks of battery life, it certainly brings some notable upgrades. The display now offers higher contrast and narrower borders, aiming to make reading more comfortable and immersive. It's also waterproof, has 16GB of storage, and includes features like adjustable warm light and dark mode for flexible reading across environments. On paper, it checks many boxes for book lovers. But with a price tag of ₹16,999, does it really justify the cost? Or are these upgrades more evolutionary than revolutionary? Find out in my new Kindle Paper White is available for the price of Rs.16,999 and can be bought on Amazon India's new Kindle Paperwhite takes a solid step forward in both design and display. It features a 7-inch glare-free display—the largest ever on a Paperwhite—offering a higher contrast ratio thanks to its new oxide thin-film transistor technology. This makes text and images pop off the screen, enhancing readability. The matte finish on the display adds to the paper-like feel, making reading more immersive and natural. It's also super responsive, and easily the smoothest typing experience I've had on a Kindle so far—ideal for highlighting, searching, or display supports adjustable warm light and dark mode, giving users full control over brightness and comfort whether they're reading during the day or late into the night. It's a joy to read indoors and in low-light conditions. You can also customize font sizes and styles to suit your reading preference, which is especially helpful for however, the experience is a bit mixed. While the display remains readable under shade, bright direct sunlight can compromise visibility, particularly when reading in open spaces like the device is thin, lightweight, and well-balanced at just 205 grams. With narrower bezels and a compact form factor, it's perfectly suited for long reading sessions and road trips—easy to hold and easier to software experience on the new Kindle Paperwhite is intuitive, user-friendly, and designed to get out of the way so you can focus on what matters—reading. From setup to daily use, everything feels smooth and accessible. The Kindle Store offers a wide and well-organized book collection, making it easy to browse by genre, recommendations, or personal interest. With 16GB of storage, you can carry thousands of books with you, ensuring you're never without something to read—whether you're commuting, traveling, or just lounging at truly adds value this time around are the thoughtful new features. The X-Ray tool gives you deeper insight into characters, terms, and locations within a book—great for staying engaged, especially with complex narratives. You can also now display your book cover on the lock screen, customize your library, and explore tools like Vocabulary Builder, Word Wise, Reading Themes, and Dark Mode for a more tailored experience. Accessibility options like VoiceView (text-to-speech via Bluetooth) make the device even more of the standout strengths is battery life. Despite all these features, the Kindle Paperwhite can easily last up to 12 weeks on a single charge, which means you can go months without worrying about plugging it in—truly a reader's new Kindle Paperwhite is a well-rounded e-reader with a crisp 7-inch matte display, long battery life, and thoughtful software upgrades like X-Ray and customizable reading modes. While outdoor visibility in harsh sunlight is a drawback, its 16GB storage and distraction-free design make it ideal for serious readers. At ₹16,999, it's a premium buy—but worth it if you read regularly and want a dedicated, travel-friendly device. Casual readers might find better value in the Kindle app, but for book lovers, this is a worthy upgrade.
