Eicher Motors reported a 17.5 percent year-on-year increase in net profit for the third quarter of FY25, reaching ₹1,170.5 crore. The company’s profit was slightly below market expectations, as analysts had estimated a net profit of ₹1,176 crore. Revenue from operations grew 19 percent year-on-year to ₹4,973.1 crore, compared to analyst estimates of ₹5,034 crore, […]
Eicher Motors Q3 Net Profit Rises 17.5% to ₹1,170.5 Crore Read More »
The Indian rupee fell to a new record low of 87.9563 against the US dollar on February 10, impacted by US President Donald Trump’s announcement of fresh tariff plans. The local currency opened at 87.9175 per dollar, significantly weaker than its previous close of 87.4275. Trump announced on Feb. 9 that he would impose a
Rupee Hits Record Low of 87.96 Against US Dollar on Trump’s Tariff Plans Read More »
Bharat Electronics Ltd. (BEL) shares traded higher on February 10 after the company secured multiple orders worth Rs 962 crore. At 9:22 AM, BEL shares were quoting Rs 281 on the NSE, up 1.4 percent from the previous session’s closing price. Among the fresh orders, BEL has received a contract worth Rs 610 crore from
Bharat Electronics Shares Gain After Securing Orders Worth Rs 962 Crore Read More »
Cipla shares are expected to remain in focus after the United States Food and Drug Administration (USFDA) classified the inspection of its Virgonagar, Bengaluru facility as Voluntary Action Indicated (VAI). The routine current Good Manufacturing Practices (cGMP) inspection was conducted between November 7-13, 2024. Earlier this month, Cipla announced an investment of ZAR 900 million
Cipla Shares in Focus as USFDA Classifies Inspection as VAI Read More »
L&T Finance has announced its entry into the gold loan segment with the acquisition of Paul Merchants Finance Pvt. Ltd.’s (PMFL) gold loan business. The company will pay ₹537 crore in an all-cash deal, with certain adjustments before the final closing. The transaction is expected to be completed by the second quarter of FY26, subject
Quality Power Electrical Equipments Ltd. has announced that its initial public offering (IPO) will open for subscription on February 14. The company, which provides high-voltage electrical equipment and solutions, filed its red herring prospectus with the Registrar of Companies on February 6. The issue price band will be revealed later in the week. Anchor bidding
Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore Read More »
The Reserve Bank of India (RBI) has lowered the repo rate by 25 basis points to 6.25%, marking its first rate cut in five years. The decision was taken by the six-member Monetary Policy Committee (MPC) after keeping the rate unchanged for the past two years. The last time the RBI reduced the repo rate
RBI Cuts Repo Rate by 25 Basis Points to 6.25%, First Reduction in 5 Years Read More »
Trent Ltd, the parent company of Zudio and Westside, reported a 34% year-on-year increase in net profit for the third quarter of FY25, reaching ₹496.54 crore. This is in line with market expectations, as a Moneycontrol poll had estimated the company’s net profit at ₹505 crore. In the same quarter last year, Trent had reported
Trent Q3 Net Profit Rises 34% to ₹497 Crore, Shares Fall 7% Post Results Read More »
Shares of Zinka Logistics Solutions Ltd. remained locked in the 5% upper circuit for the second consecutive session on February 6, with only buyers in the trade and no sellers. The stock has been on an upward trend despite the company reporting a widened net loss of ₹48 crore in Q3 FY25, compared to ₹19.5
Zinka Logistics Stock Hits Upper Circuit; BlackBuck Jumps 40% in 8 Sessions Read More »
Hexaware Technologies Ltd has announced a price band of ₹674-708 per share for its upcoming initial public offering (IPO), which will open for subscription on February 12 and close on February 14. The anchor investor bidding will take place on February 11, while the share allotment is scheduled for February 17. Refunds and credit of
