Singtel likely to sell stake worth Rs 8,500 crore in Bharti Airtel via block deal: Report
Singtel plans to offload nearly 5 crore Bharti Airtel shares via block deals worth ₹8,500 crore at a 3.6% discount. Bharti Airtel recently reported a 432% YoY jump in Q4FY25 net profit to ₹11,022 crore.
JSW Energy Q4 Results: Cons PAT jumps 16% YoY to Rs 408 crore. Board approves Rs 10,000 crore fundraise plan
JSW Energy Q4 Results: JSW Energy announces a 16% rise in consolidated net profit for Q4FY25. Revenue also increased by 16%. The board approved raising up to Rs 10,000 crore. A dividend of Rs 2 per share is recommended. Total revenue for FY25 grew by 6%. The company aims for 30 GW generation capacity by […]
Policybazaar Q4 Results: PB Fintech’s profit skyrockets 185% YoY to Rs 171 crore, revenue jumps 38%
PB Fintech reported a significant surge in Q4FY25, with net profit soaring by 185% to ₹171 crore, driven by a 38% increase in revenue to ₹1,508 crore. Policybazaar’s core online business grew by 31%, contributing ₹877 crore. The company’s consolidated PAT for FY25 rose by 448% to ₹353 crore, accompanied by a 37% YoY rise […]
Sebi bans SME firm Varyaa Creations from securities market over IPO proceeds diversion
Markets regulator Sebi has restrained SME company Varyaa Creations Ltd (VCL) from accessing the securities market for alleged diversion of funds raised through its initial public offering (IPO).
India top market for me, but regulatory red tape holding it back: Mark Mobius
Mark Mobius reaffirmed his bullish stance on Indian equities, despite geopolitical tensions with Pakistan. He criticized bureaucratic hurdles slowing foreign investments and urged investors to focus on fundamentals over market timing or headlines. His fund has started redeploying capital, with a preference for mid-cap stocks amid global market volatility.
Cochin Shipyard Q4 Results: Cons PAT up 11% YoY to Rs 287 crore, revenue jumps 37%
Cochin Shipyard Q4 Results: Cochin Shipyard reported an 11% YoY rise in Q4FY25 net profit at Rs 287 crore, with revenue jumping 37% to Rs 1,757.65 crore. PAT surged 62% sequentially. The company announced a final dividend of Rs 2.25 per share. FY25 revenue stood at Rs 4,820 crore, up 26%. Shares jumped 7% intraday […]
Bitcoin holds above $102,000 as traders await fresh cues amid cooling inflation
Bitcoin experienced a slight dip, trading around $102,263, while Ethereum fell to $2,569, impacting the broader crypto market. The earlier rally, fueled by cooling inflation data and easing U.S.-China tariff tensions, has paused as investors await further macroeconomic cues. Market sentiment remains positive, supported by institutional developments and anticipation of upcoming crypto legislation.
Alcohol stocks have priced in FTA gains: Karan Taurani
The UK FTA is poised to boost the Indian luxury spirits segment, potentially leading to a 15-20% price correction and accelerating volume growth to over 40%. While benefiting companies like United Spirits, this deal may challenge Indian brands to adjust their pricing strategies.
Mid & smallcaps may outpace largecaps on back of India’s growth texture: Hari Shyamsunder
Hari Shyamsunder from Franklin Templeton suggests a cautious outlook on IT due to slowing growth and AI uncertainties, while favoring mid and small-caps for long-term Indian economic growth. Despite stretched valuations in manufacturing, defense, and power sectors, stock picking remains crucial. He anticipates a 10-13% compounding return for the broader market over the next three […]
Gensol Engineering shares hit 5% upper circuit for 3rd day. Here’s why
Gensol Engineering shares hit the 5% upper circuit for the third straight session after the resignation of its MD and Whole-time Director, following SEBI’s interim order. IREDA filed an insolvency plea over a Rs 510 crore loan default. SEBI and ED probes allege fund diversion by the Jaggi brothers, with only partial delivery of EVs […]