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News Desk

Aditya Birla Group new launch

Aditya Birla Group Enters Jewellery Market with ₹5000 Crore ‘Indriya’ Brand Launch

/ Indian Market

The Aditya Birla Group has announced its Enter into branded jewelry retail with a new brand, ‘Indriya’, proposed to be launched under its subsidiary Novel Jewels. An investment of ₹5000 crore is being planned to open the first four-store outlets across Delhi, Jaipur, Indore on July 27. The company expressed hopes that within the next […]

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indigo q1

IndiGo Q1 Net Profit Drops 11.5% to ₹2,736 Cr on Rise in Fuel Costs

/ Results

InterGlobe Aviation, operator of IndiGo, India’s biggest airline, posted a net profit of ₹2,736 crore for the quarter ended June 2024, down 11.5% from ₹3,090.6 crore in the June quarter last year. The fall in profit was due to higher fuel costs, even as revenue rose significantly. IndiGo’s revenue from operations rose by 17.3% to

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ola ipo

Ola Electric IPO to Launch Anchor Book on August 1; Public Issue Expected August 2-6

/ IPO News

According to sources in the know, Bhavish Aggarwal-led Ola Electric will launch the anchor book for its much-anticipated IPO on August 1, and the public issue is likely to open between August 2 and August 6. Listing is likely by August 9, which may make Ola Electric the first Indian EV two wheeler company to

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Nvidia Delivers Latest AI Chips

Nvidia Delivers Latest AI Chips to Indian Partners for AI Cloud Infrastructure

/ Global Market​​

Nvidia, the leading AI chip manufacturer, has commenced the delivery of its newest AI chips, including the GH200 AI, to major Indian partners like Tata Communications and Jio Platforms. These companies are leveraging advanced technology to build AI-cloud infrastructure across India. Vishal Dhupar, Nvidia’s managing director for South Asia, confirmed the ongoing deployment, stating, “Yes,

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Nestle India Q1 Results

Nestle India Q1 Results Net Profit Rises 7% to ₹747 Crore; Shares Decline

/ Results

Nestle India reported a 6.9% year-on-year increase in net profit for the first quarter of fiscal year 2025, reaching ₹746.6 crore compared to ₹698.3 crore in the same period last year. This figure fell short of market expectations, as a Moneycontrol poll of eight brokerages had projected a net profit of ₹798 crore. The FMCG

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SEBI report

SEBI Report: 71% of Retail Traders Face Losses in Intraday Equity Trading

/ Indian Market

A recent report by the Securities and Exchange Board of India (SEBI) has revealed a troubling trend in retail intraday equity trading, where 71% of individual traders incurred losses during FY23. This marks an increase from 65% in FY19 and 69% in FY22. The data shows that the frequency of trading is a critical factor,

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