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News Desk

Sensex, Nifty Fall for 5th Straight Session; India VIX Jumps 5%, Broader Markets Sink

Sensex, Nifty Fall for 5th Straight Session; India VIX Jumps 5%, Broader Markets Sink

/ Indian Market /

Indian share markets continued their losing streak for the fifth consecutive session as Sensex and Nifty 50 declined 1.5 percent on February 11. The sell-off was triggered by a combination of Donald Trump’s fresh tariff actions, a weakening rupee, disappointing Q3 earnings, and ongoing foreign investor outflows. At 2:40 PM, the Sensex was down 1,192 […]

Sensex, Nifty Fall for 5th Straight Session; India VIX Jumps 5%, Broader Markets Sink Read More »

Apollo Hospitals to Launch Three New Facilities in FY26, Expands Healthcare Network

Apollo Hospitals to Launch Three New Facilities in FY26, Expands Healthcare Network

/ Indian Market /

Apollo Hospitals is set to expand its flagship hospital business with the launch of three new facilities in Kolkata, Delhi, and Pune in FY26, with operations expected to begin before Q3 or early Q4 of the financial year. This was announced by Managing Director Suneeta Reddy during the company’s post-earnings investor call. Apart from these

Apollo Hospitals to Launch Three New Facilities in FY26, Expands Healthcare Network Read More »

RVNL Shares in Focus After Winning ₹355 Crore Railway Project

/ Indian Market /

Rail Vikas Nigam Ltd. (RVNL) shares will be in focus on February 11 after the company emerged as the lowest bidder for a ₹355.43 crore project from South Western Railway. The project is for survey, design, supply, installation, testing, and commissioning of KAVACH equipment and other related works on 790 RKM in Hubballi and Mysuru

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Nykaa Q3 Net Profit Rises 51% to ₹26 Crore, Revenue Grows 27%

Nykaa Q3 Net Profit Rises 51% to ₹26 Crore, Revenue Grows 27%

/ Results /

FSN E-Commerce Ventures, the parent firm of fashion and beauty brand Nykaa, has registered a 51 percent year-on-year growth in net profit in the third quarter of FY25, at ₹26.4 crore. That is more than the ₹17.5 crore profit it notched in the corresponding quarter in the previous year and almost two times the ₹13

Nykaa Q3 Net Profit Rises 51% to ₹26 Crore, Revenue Grows 27% Read More »

Eicher Motors Q3 Net Profit Rises 17.5% to ₹1,170.5 Crore

Eicher Motors Q3 Net Profit Rises 17.5% to ₹1,170.5 Crore

/ Results /

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 »

Rupee Hits Record Low of 87.96 Against US Dollar on Trump's Tariff Plans

Rupee Hits Record Low of 87.96 Against US Dollar on Trump’s Tariff Plans

/ Indian Market /

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 Shares Gain After Securing Orders Worth Rs 962 Crore

Bharat Electronics Shares Gain After Securing Orders Worth Rs 962 Crore

/ Indian Market /

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 in Focus as USFDA Classifies Inspection as VAI

Cipla Shares in Focus as USFDA Classifies Inspection as VAI

/ Indian Market /

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 Acquires PMFL's Gold Loan Business for ₹537 Crore, Expands Secured Loan Portfolio

L&T Finance Acquires PMFL’s Gold Loan Business for ₹537 Crore, Expands Secured Loan Portfolio

/ Indian Market /

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

L&T Finance Acquires PMFL’s Gold Loan Business for ₹537 Crore, Expands Secured Loan Portfolio Read More »

Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore

Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore

/ Indian Market /

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 »

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