Tata Steel’s Q2 consolidated profit surges fourfold to Rs 3,183 crore
Tata Steel reported a significant profit jump in the September quarter. India operations drove strong volume growth. The Netherlands unit saw a sharp rise in operating profit. The company also narrowed losses in its UK operations. Sales increased year-on-year. Earnings before interest, tax, depreciation, and amortisation rose substantially.
Asian markets open on a subdued note; oil extends losses
Global markets opened subdued as investors adopted a cautious stance. US equity futures edged lower, mirroring a lackluster Wall Street session. Investors are keenly awaiting economic data and Federal Reserve policy signals. The yen weakened against the dollar, prompting warnings from Japanese authorities. Oil prices extended their decline. Attention is also on the US government […]
Sebi to tighten conflict-of-interest and insider trading norms for top officials
A Sebi-formed committee has proposed classifying the Sebi chairman and whole-time members as ‘insiders’ under insider trading rules. This move aims to prevent them from trading on price-sensitive information, aligning Sebi with global regulatory practices and addressing past conflict-of-interest concerns.
Rupee swings shrink to 60 paise amid active support from RBI
The Indian rupee’s trading range has significantly tightened recently. This is due to increased intervention by the Reserve Bank of India. The central bank is actively managing the currency to prevent it from reaching record low levels. This strategy marks a shift in policy. Market participants are observing the RBI’s actions closely.
Is Fujiyama Power’s upcoming IPO a smart bet for high-risk investors?
Fujiyama Power Systems is set to raise ₹828 crore via IPO to boost solar panel and battery production, aiming to reduce import reliance. The company has shown impressive revenue and profit growth, with expanding EBITDA margins. Despite elevated debt, its valuation appears attractive compared to peers, making it a compelling option for risk-tolerant investors.
Life insurers see surge in pure protection demand as GST 2.0 makes term plans affordable
Life insurers are experiencing a surge in demand for pure protection products. This follows the government’s decision to remove GST on individual term insurance. Companies like HDFC Life, Axis Max Life, and SBI Life report significant growth in their protection segments. This trend is expected to continue, making term insurance more affordable and accessible for […]
Will Groww’s stock continue to climb after its IPO debut?
Billionbrains Garage Ventures, the parent of broking firm Groww, made a strong debut on the stock market. The company’s shares listed at a premium, surpassing initial expectations. The IPO saw significant subscription across investor categories. Groww’s market capitalization now stands considerably higher than its peers, indicating strong investor confidence in its future prospects.
Hopes of tariff cut, NDA’s likely Bihar win lift D-Street
Indian stock markets surged for a third consecutive day, with Nifty and Sensex logging significant gains. Positive sentiment was driven by US President Trump’s remarks on reducing tariffs on Indian exports and expectations of an NDA victory in Bihar. IT stocks led the rally, buoyed by a softened stance on H-1B visas.
Sebi plans wide-ranging reforms to woo foreign investors: Tuhin Kanta Pandey
India’s markets regulator is planning more reforms to woo foreign investors, including speeding up registration, reducing the cost of trading in the cash equities market and making it easier to short-sell, its chief said on Wednesday.
Awfis CMD Amit Ramani on debt, capex and expansion strategy
Awfis CEO Amit Ramani addressed market concerns, clarifying that company-wide debt stands at 21 crores, a decrease from the previous year, while profitability and EBITDA have seen significant year-on-year growth.