Q4 results today: Swiggy, Dr Reddy’s among 68 companies to announce earnings on Friday
The earnings season is gaining speed. Swiggy anticipates steady revenue growth, driven by quick commerce and food delivery. However, profitability may face pressure. Losses could widen. Dr Reddy’s is projected to report a net profit increase. Revenue from operations is also expected to grow. Several other companies, including ABB India and Bank of India, will […]
Can M&M maintain its growth momentum with new product launches?
Mahindra & Mahindra’s stock has surged following a strong March quarter, driven by market share gains and margin expansion across its automotive and tractor segments. The company plans to boost capacity to 85,000 units per month by FY27 and launch 17 new vehicles by 2030, including five BEVs.
Asian stocks edge up on optimism about trade talks
Shares in Japan, which was negotiating with the US for a deal to lower levies, jumped 1.1% while a regional gauge made moderate gains. Treasuries were little changed at the open after yields surged in the prior session, with traders paring bets on interest rates. Bitcoin extended its rally, rising 0.4% to around $103,000. Gold […]
Bitcoin tops $100,000 on trade deal optimism
By midday, bitcoin was trading at $101,402.19, a 4.8% gain on the day. The world’s biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $109,000 reached in January.
Union Bank Q4 results: Net profit surges 50% on strong treasury gains
Union Bank of India reported a robust 50% surge in net profit for the March quarter, reaching ₹4,985 crore, driven by a significant increase in treasury gains. For FY25, net profit increased by 32% year-on-year, reaching ₹17,987 crore. While loan and deposit growth fell short of targets, the bank successfully reduced its gross non-performing assets […]
Muthoot Microfin reports Rs 401 crore net loss in Q4 amid asset quality crisis
Muthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for bad loans and breaches in borrowing covenants. The asset quality crisis led to a full-year net loss of Rs 223 crore, contrasting with the previous year’s profit.
RBI eases FPI rules on corporate bonds to boost foreign inflows
The central bank Thursday eased rules for foreign portfolio investors (FPI) to buy local corporate bonds by lifting caps on short-term debt investment limits at a time rate differentials between India and the US are at the narrowest in recent memory.
Will the escalating India-Pakistan conflict continue to rattle stock market?
India’s Volatility Index surged over 10% on Thursday due to escalating India-Pakistan military conflict concerns, triggering a late sell-off in equities. The Sensex and Nifty both experienced declines, with the Nifty falling 140 points and the Sensex dropping 412 points. Heightened uncertainty among traders led to profit-taking, as the VIX jumped nearly 40% since April […]
Promoter ownership in India’s top 500 companies hits record low of 49.5%
Promoter ownership in India’s top 500 companies has declined to a record low of 49.5% in the March quarter, driven by high valuations and strong investor demand prompting stake sales. Non-banking finance, telecom, and public sector banks experienced the most significant drops in promoter holdings.