Q4 results today: Hindalco among 145 companies to announce earnings on Tuesday
Hindalco Industries is expected to announce its Q4FY25 earnings, with brokerages predicting a net profit growth between 25% and 55%. Revenue could rise by 4% to 12%, driven by higher aluminium and alumina prices. Axis Securities anticipates a strong performance, with a 29% YoY increase in PAT and a 12% YoY growth in revenue.
How will higher anchor investor allocation impact lower rated bond market?
The capital markets regulator has introduced a credit-rating based quota for allocating limits for anchor investors, according to a circular issued on Friday. Earlier, the anchor allocation was capped at 30% of the base size.
RBI accepts lower bond purchase amount in first FY26 OMO auction
RBI accepted bids worth ₹19,203 crore at this OMO, lower compared to the notified amount of ₹25,000 crore. RBI had received bids worth ₹50,369 crore. This is first FY26 OMO auction where RBI accepted a lower amount.
DRL gears up for biosimilar push, consumer health growth post record FY25
Dr Reddy’s stock rose 5.5% in six sessions post-Q4 results, outperforming the BSE Healthcare index. Strong revenue growth, biosimilar launches, and semaglutide portfolio support long-term prospects despite Revlimid taper and reduced target prices by analysts.
Asian stocks advance after rebound on Wall Street
India is discussing a US trade deal structured in three tranches and expects to reach an interim agreement before July, when President Donald Trump’s reciprocal tariffs are set to kick in, according to officials in New Delhi familiar with the matter.
Bajaj Finance lowers deposit rates on certain tenures
It also lowered rates more on long-tenure deposits, perhaps indicating both the receivable time-lines of Bajaj Finance’s assets and stiffer competition for shorter-tenure commitments in a falling rate cycle. This is the second such reduction by Bajaj Finance.
RBI moots 15% cap on banks, NBFCs’ investments in AIFs
The Reserve Bank of India has proposed new guidelines capping regulated entities’ (RE) investments in Alternative Investment Funds (AIFs) at 15% of total lender investment. While unrestricted investments up to 5% of an AIF’s corpus are permitted, exceeding this limit and having downstream debt exposure triggers a 100% provisioning requirement.
RBI okays Emirates NBD Bank PJSC’s subsidiary plan in India
The Reserve Bank of India has granted “in-principle” approval to Emirates NBD Bank PJSC, based in the UAE, to establish a wholly-owned subsidiary in India. This will be achieved through the conversion of its existing branches in Chennai, Gurugram, and Mumbai. The RBI will consider granting a banking business commencement license after the bank fulfills […]
Protean eGov Technologies shares plunge 20% after downgrade amid PAN 2.0 project withdrawal
Protean eGov Technologies’ shares plummeted 20% following the announcement that it is no longer in the running for the PAN 2.0 project. Analysts downgraded the stock, citing the significant revenue contribution from PAN services, which accounts for 50% of the company’s earnings.
How will Resonac’s plant closures impact the global graphite market?
Graphite electrodes are mainly used in steelmaking and by chemical firms. China is the world’s leading producer of graphite, used for military applications and the making of electric vehicle batteries.