Power Grid shares in focus after reporting muted Q2 results
Power Grid Corporation reported a consolidated net profit of Rs 3,793 crore in the September quarter, remaining unchanged from the previous year. Revenue remained stagnant at Rs 11,278 crore. Despite the flat growth, the company announced an interim dividend of Rs 4.
ETMarkets Smart Talk: Sunrise sectors to watch – Energy Transition and E-Commerce lead India’s investment themes, says Sandip Bansal
While we have been lulled into believing that markets should not be volatile—based on the experience of the last few years—volatility is an inherent characteristic of the markets. That said, the volatility was concentrated in October, with broader indices down by around 7% or so.
ACME Solar raises Rs 1,300 cr from anchors
ACME Solar raised Rs 1,300.5 crore from 58 anchor investors ahead of its IPO, selling 45 million shares at Rs 289 each.
Q2 results today: Tata Steel, Apollo Hospitals among 166 companies to announce earnings on Thursday
The second-quarter earnings season is in full swing, with 166 companies set to release their July-September 2024 results. Key players like M&M and Trent are anticipated to post robust revenue growth, driven by strong performance in their respective sectors. While M&M’s profits are projected to remain steady, Trent’s bottom line is expected to see significant […]
Rubicon Research, Sai Life, Sanathan Textiles, Metalman IPOs get nod
Four companies have received approval from SEBI for their IPOs. These companies are Rubicon Research, Sai Life Sciences, Sanathan Textiles and Metalman Auto. The IPOs will consist of fresh issues and offers for sale. The companies will raise funds from the public market.
Gold prices plunge as Trump’s decisive win drives up dollar
Gold and copper prices plummeted as Donald Trump’s victory sent the US dollar soaring. The surge in the dollar, fueled by Trump’s win and Republican control of the Senate, diminished the appeal of metals for buyers. This outcome triggered profit-taking among traders who had sought refuge in gold amidst pre-election uncertainty.
Visa’s Next-Gen Tech to Enable Smoother, Fraud-free Ecomm
Visa is introducing new tools to enhance payment experiences, including “payment passkeys” for biometric authentication, aiming to reduce checkout times to 20 seconds. The company is also implementing flexible credentials for smoother cross-border transactions and launching A2A Protect, powered by AI, to mitigate fraud in real-time payments by analyzing transaction patterns and risk levels.
Big movers on D-Street: What should investors do with Tata Steel, Apollo Hospitals and Delta Corp?
Indian stock markets surged over 1% on Wednesday, propelled by Donald Trump’s US election victory. Analyst Priyank Upadhyay recommends buying opportunities in Tata Steel and Apollo Hospitals, citing technical indicators suggesting upward momentum. However, he advises a cautious stance on Delta Corp until a stronger bullish signal emerges.
Don’s return brings cheer to IT, but euphoria may be short-lived
Indian IT companies saw their stocks surge following Donald Trump’s presidential election victory. The rally was fueled by optimism surrounding Trump’s pro-business policies, which are expected to boost IT spending. However, potential protectionist measures under a Trump administration pose a risk for Indian software exporters, potentially hindering the sector’s growth.
Japan leads gain in Asian stocks after Trump’s win
Hong Kong equity futures dropped, as did a gauge of US-listed Chinese stocks. Trump has pledged to introduce tariffs on Chinese goods to support US manufacturing.