Shares of Samvardhana Motherson International declined over 3 percent on February 14 despite the company reporting a strong financial performance for the third quarter of FY25. The company posted a net profit of Rs 879 crore for the quarter ended December 31, 2024, marking a 62 percent year-on-year (YoY) increase from Rs 542 crore in […]
Samvardhana Motherson Shares Drop 3% Despite Strong Q3 Performance Read More »
US Tariff Concerns Trigger Sell-Off in Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4% Shares of Indian pharmaceutical companies came under heavy selling pressure on February 14 amid rising concerns over potential US tariffs on drug imports. The decline followed comments from former US President Donald Trump, who suggested imposing reciprocal tariffs on several
US Tariff Concerns Hit Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4% Read More »
The initial public offering (IPO) of Hexaware Technologies was fully subscribed on its final bidding day, February 14, thanks to strong demand from Qualified Institutional Buyers (QIBs). The global IT services provider aims to raise ₹8,750 crore through its maiden public issue, marking the largest-ever IPO by an Indian IT company, surpassing the previous record
Shares of state-owned ITI Ltd. fell by 5 percent on February 14 after the company reported a net loss for the third quarter of the current financial year (Q3FY25). The company narrowed its net loss to ₹48.9 crore in Q3FY25, a significant improvement from the ₹101.3 crore loss recorded in the same quarter last year.
ITI Shares Decline 5% After Reporting ₹49 Crore Net Loss in Q3FY25 Read More »
British American Tobacco (BAT), the largest shareholder of India’s leading cigarette manufacturer ITC Ltd, has announced plans to divest its stake in ITC Hotels by 2026. The decision is part of BAT’s broader strategy to focus on its core business and maximise shareholder value. BAT’s CEO, Tadeu Marroco, stated in a post-earnings call that the
BAT Plans to Exit ITC Hotels Stake at Optimal Time to Maximise Returns Read More »
Volvo Group has announced an investment of ₹1,400 crore to expand its manufacturing operations in Karnataka. The company signed a Memorandum of Understanding (MoU) with the Karnataka government on February 13 to establish its fourth international manufacturing hub in Hosakote, Bengaluru. The agreement was inked in Chief Minister Siddaramaiah’s official residence, ‘Cauvery,’ in the presence
Volvo Group to Invest ₹1,400 Crore in Karnataka for New International Manufacturing Hub Read More »
Union Finance Minister Nirmala Sitharaman introduced a new Bill on Income Tax in the Lok Sabha on February 13 to simplify and update the existing tax system. The proposed bill, to be in force from April 1, 2026, has been referred to a Select Committee, which is to report to the House on the first
Shares of Vodafone Idea rebounded sharply on February 13, climbing 7% to ₹8.99, as investors cheered the telecom company’s plans for a ₹10,000 crore network expansion by the end of March. The positive management outlook helped reverse a three-day losing streak in the stock. The Aditya Birla Group-backed telecom operator has already spent ₹5,300 crore
Vodafone Idea Shares Surge 7% on ₹10,000 Crore Expansion Plan Read More »
Natco Pharma’s stock took a severe hit on February 13, plunging 18.5% as investors reacted negatively to the company’s weak Q3 earnings report. The pharmaceutical firm reported a 38% drop in net profit, which stood at ₹132.4 crore for the quarter, compared to ₹212.7 crore in the same period last year. Revenue also declined significantly
Natco Pharma Shares Slump 18.5% Amid Disappointing Q3 Earnings Read More »
Hindustan Aeronautics Ltd (HAL) has posted a 14% rise in consolidated net profit at ₹1,440 crore for the quarter ended December 31, 2024. The defence PSU had posted a net profit of ₹1,261 crore in the corresponding quarter of the previous year. The company’s operational revenue increased 15% to ₹6,957 crore in Q3 FY25, compared
HAL Q3 Net Profit Jumps 14% to ₹1,440 Crore, Announces ₹25 Dividend Read More »
