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News Desk

HUDCO Q3 Results: Net Profit Rises 42% YoY to Rs 735 Crore, Declares Rs 2.05 Dividend

HUDCO Q3 Results: Net Profit Rises 42% YoY to Rs 735 Crore, Declares Rs 2.05 Dividend

/ Results /

Housing & Urban Development Corporation Ltd (HUDCO) reported a 42% year-on-year (YoY) growth in its net profit for Q3 FY25, reaching Rs 735 crore compared to Rs 519.23 crore in the same period last year. The Navratna company also recorded a strong 37% YoY increase in revenue, which stood at Rs 2,760 crore, up from […]

HUDCO Q3 Results: Net Profit Rises 42% YoY to Rs 735 Crore, Declares Rs 2.05 Dividend Read More »

HDFC Bank Q3 Results: Net Profit Rises 2.2% YoY to Rs 16,736 Crore

HDFC Bank Q3 Results: Net Profit Rises 2.2% YoY to Rs 16,736 Crore

/ Indian Market /

HDFC Bank reported a 2.2 percent year-on-year (YoY) increase in its net profit, reaching Rs 16,736 crore for the quarter ending December 2024. This is slightly above the market estimate of Rs 16,650 crore predicted by Moneycontrol. The bank’s net interest income too increased 8 percent YoY, to Rs 30,690 crore, in line with analysts

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Maharashtra Signs Investment Deals Worth ₹6.25 Lakh Crore at Davos; Tata Group Leads with ₹30,000 Crore Commitment

Maharashtra Signs Investment Deals Worth ₹6.25 Lakh Crore at Davos; Tata Group Leads with ₹30,000 Crore Commitment

/ Indian Market /

The state of Maharashtra secured 31 MoUs amounting to investments of more than ₹6.25 lakh crore at the World Economic Forum, Davos, in Switzerland. The deals span sectors including automotive, steel, defence, electric vehicles (EVs), renewables, and electronics, according to Chief Minister Devendra Fadnavis. Signings of agreements in this regard from some of India’s leading

Maharashtra Signs Investment Deals Worth ₹6.25 Lakh Crore at Davos; Tata Group Leads with ₹30,000 Crore Commitment Read More »

Zomato, Swiggy Shares Fall 3% as Competition in Quick Commerce Heats Up

Zomato, Swiggy Shares Fall 3% as Competition in Quick Commerce Heats Up

/ Indian Market /

Shares of Zomato and Swiggy continued their downward slide on January 22, dropping by another 3 percent amid concerns over intensifying competition in the quick commerce space. Zomato’s aggressive push to expand its dark store network for its quick commerce arm, Blinkit, has raised apprehensions about rising costs and shrinking profits for the sector. Zomato’s

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Indian Rupee Opens Almost Flat at 86.5650 Against US Dollar

Indian Rupee Opens Almost Flat at 86.5650 Against US Dollar

/ Indian Market /

The Indian rupee opened nearly unchanged on January 22 at 86.5650 against the US dollar but saw a marginal dip due to foreign investor outflows. By 9:30 AM, the local currency was trading at 86.5938, slightly weaker than its previous close of 86.5863. The market participants expect rupee to trade in a range as global

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Cyient DLM Shares Drop 12% After Profit and Margin Decline in Q3

Cyient DLM Shares Drop 12% After Profit and Margin Decline in Q3

/ Indian Market /

Shares of Cyient DLM plunged 12% on January 22 following the company’s announcement of a sequential decline in its consolidated net profit and margins for the December quarter. By 9:35 AM, the stock was trading 10% lower at ₹533, showing a huge decline in investor confidence. The stock of Cyient DLM has declined 18% in

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MCX Posts Q3 Profit on Increased Revenue and Cost Optimization

MCX Posts Q3 Profit on Increased Revenue and Cost Optimization

/ Indian Market /

Multi Commodity Exchange (MCX) reported a net profit of ₹160.04 crore for the December quarter of FY25, a significant turnaround from a loss of ₹5.35 crore in the same quarter last year. The improved performance was driven by higher revenue and reduced operational costs. The total income for MCX jumped to ₹324.36 crore in the

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Lumino Industries Files IPO Draft to Raise ₹1,000 Crore

Lumino Industries Files IPO Draft to Raise ₹1,000 Crore

/ Indian Market /

Kolkata-based Lumino Industries, a key manufacturer of conductors, power cables, and electrical wires, has filed draft papers with SEBI to raise ₹1,000 crore through an Initial Public Offering (IPO). The IPO includes a fresh issue of ₹600 crore and an offer-for-sale (OFS) of ₹400 crore by promoters Devendra Goel and Jay Goel. In addition, the

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Dixon Technologies Shares Fall 10% Amid Weak Q3 Earnings

Dixon Technologies Shares Fall 10% Amid Weak Q3 Earnings

/ Indian Market /

Shares of Dixon Technologies (India) hit a 10% lower circuit at ₹15,804 on January 20, following disappointing Q3FY25 earnings. The company reported a sharp sequential decline in its net profit and revenue. Dixon’s consolidated net profit dropped 47.5% year-on-year to ₹216 crore, down from ₹411.7 crore in Q3FY24. Revenue also fell over 9% to ₹10,453.7

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Donald Trump Signals Potential Tariffs on Canada, Mexico, and Other Nations

Donald Trump Signals Potential Tariffs on Canada, Mexico, and Other Nations

/ Indian Market /

On the day of his inauguration, President Donald Trump indicated he might impose a 25% tariff on goods from Canada and Mexico starting February 1. This announcement has sparked concerns about escalating trade tensions between the United States and its neighboring countries. Trump attacked Canada and Mexico for “abetting” illegal entry of fentanyl and migrants

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