Digital public platforms should be accessible to entire world: RBI Guv Sanjay Malhotra
Sanjay Malhotra, the chief of India’s Reserve Bank, is on a mission to enhance global access to digital platforms that serve the public good. He brought attention to MOSIP, India’s innovative open-source digital identity solution, gaining traction in 27 countries. The RBI is also integrating India’s UPI with payment systems from various nations to streamline […]
LTIMindtree Q2 Results: Cons PAT jumps 12% YoY to Rs 1,401 crore, revenue up 10%
LTIMindtree reported a 12% year-on-year jump in consolidated Q2 net profit to Rs 1,401 crore, with revenue rising 10% to Rs 10,394 crore. The IT firm also declared a Rs 22 per share dividend.
IPO-bound Groww launches commodities trading services on platform
Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings.
Ola Electric shares hit 5% upper circuit on foray into energy storage biz with Ola Shakti
Ola Electric shares hit a 5% upper circuit after the company announced its entry into the energy storage market with “Ola Shakti,” a residential battery energy storage system. The innovation, built on indigenous 4680 Bharat Cells, marks Ola’s expansion beyond EVs into clean energy, targeting homes and small businesses.
Vijay Kedia’s portfolio multibagger surges 20%, extends rally to 30% in three sessions
Global Vectra shares surged 20% to Rs 243.14 on the NSE, marking a third consecutive session of gains and a 31% rally over this period. The rise followed ace investor Vijay Kedia increasing his stake, while the stock remains volatile but continues to trade above key moving averages.
Cian Agro shares hit 5% lower circuit after 16-day upper circuit run. Stock still up over 8,400% in 2 years
Cian Agro Industries & Infrastructure shares experienced a significant halt on Thursday, falling 5% to Rs 3,287.15 after a remarkable 16-session rally. Despite this correction, the stock has delivered extraordinary returns, skyrocketing over 8,450% in two years and showing substantial gains across various recent timeframes.
Nestle India shares jump 5% despite Q2 profit tumbling 24% YoY; here’s why
Shares of Nestlé India surged 5% to Rs 1,281 on the NSE on October 16 after the company reported its Q2 FY26 results. Standalone profit after tax (PAT) fell 23.6% YoY to Rs 753.2 crore, while revenue rose 10.6% to Rs 5,643.61 crore. On a consolidated basis, PAT declined 17.4% to Rs 743.17 crore.
Market reaction muted despite Trump’s Russian oil claim: Vandana Hari
Oil markets showed little reaction to Donald Trump’s claim that India would cease buying Russian oil. Experts cite skepticism due to a lack of official comment from India and ongoing trade talks. Market focus remains on economic factors and expectations of a crude oil glut.
Easy trading and instant rewards fuel short-term investment trends: Rajeev Thakkar
Investment strategist Rajeev Thakkar discussed evolving banking preferences, noting competition among top private and public sector banks. He addressed concerns about SIPs impacting bank deposits, stating money remains within the banking system.
India revises up base import price of gold and vegetable oils
India has increased the base import prices for gold, silver, and all vegetable oils to align with escalating global market rates. This bi-fortnightly revision impacts tax calculations for importers, with gold now at $1327 per 10 grams and silver at $1663 per kg.