Grasim Q3 Results: PAT falls 41% YoY to Rs 899 crore, revenue rises 9%
Grasim Q3 Results: Grasim on Monday reported a 41% year-on-year (YoY) decline in its consolidated net profit at Rs 899 crore in the third quarter. Revenue from operations during the same period rose 9% YoY to Rs 34,793 crore.
Novelis Q3 Results: Net income down 9% YoY to $110 million, sales rise 4%
Novelis Q3 Results: Novelis Inc, Hindalco’s subsidiary, reported a 9% YoY drop in Q3 net income to $110 million, with adjusted EBITDA down 19%. Rising scrap aluminum costs pressured margins despite higher revenue from aluminum price gains.
Hexaware offers exposure to global IT services sector
Hexaware Technologies, a mid-tier IT services exporter, plans to raise Rs 8,750 crore through an offer for sale by the promoter Carlyle group.
Asia Index unveils BSE 1000, 4 other indices to capture growth potential of emerging cos
Asia Index Private, a subsidiary of BSE, has launched five new indices to capture the performance of Indian companies ranging from large cap to micro-cap. These indices include BSE 1000, BSE NEXT 500, BSE 250 MICROCAP, BSE Next 250 MICROCAP, and BSE 1000 MULTICAP EQUAL SIZE WEIGHTED (25%), aiming to provide a comprehensive coverage of […]
Apollo Hospitals Q3 Results: PAT jumps 52% YoY to Rs 372 crore, revenue rises 14%; Rs 9 per share dividend declared
Apollo Hospitals Q3 Results: The company’s board has declared an interim dividend of Rs 9 per share, with February 15 as the record date. The payout will be made by February 28. In Q3, EBITDA grew 24% YoY to Rs 762 crore. Healthcare revenues rose 13% YoY to Rs 2,785 crore, driving a 21% YoY […]
Just 10 months after listing, Sebi bars SME company from markets over financial irregularities
Sebi has barred Gujarat-based SME Kalahridhaan Trendz and its promoters from the securities market for concealing loan defaults, misleading investors, and diverting IPO funds. The company also fabricated financials and falsely claimed major orders from a fictitious Bangladeshi entity.
RBI rate cut to pressure bank margins, NBFCs brace for liquidity strain
RBI’s 25-bps rate cut, its first in five years, pressures private banks’ NIMs while public banks remain stable. NBFCs may see funding relief, but liquidity challenges persist. Analysts predict a shallow rate-cut cycle with regulatory shifts benefiting financial institutions.
Tech View: Nifty forms red candle, extends weakness below 23,290. How to trade on Tuesday
Tech view: Nifty formed a red candle on the daily chart, signalling weakness, but found support near the 21-day simple moving average (DSMA) at 23,290. On the upside, resistance lies at the 50-DSMA near 23,740, followed by 23,800. A drop below 23,290 could deepen losses. Traders should watch these key levels, advised Hrishikesh Yedve of […]
How M&M beat demand sluggishness and surged ahead of its peers? Rajesh Jejurikar explains
Rajesh Jejurikar, CEO of Mahindra & Mahindra’s Auto & Farm sector, shares insights on the company’s remarkable growth in the SUV and tractor markets. Despite overall industry sluggishness, M&M has seen strong demand due to successful launches like the Thar, XUV700, and Scorpio N. In tractors, positive rural factors have maintained strong performance with a […]
Global vs domestic mutual funds: What’s your top pick?
International mutual funds have outperformed domestic equity mutual funds in the current year, driven by shifts of Foreign Institutional Investors (FIIs) to markets like China and the US. Experts suggest investors remain focused on the Indian equity market, which shows growth potential and support from Domestic Institutional Investors (DIIs).