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 […]
Indian Rupee Opens Almost Flat at 86.5650 Against US Dollar Read More »
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
Cyient DLM Shares Drop 12% After Profit and Margin Decline in Q3 Read More »
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
MCX Posts Q3 Profit on Increased Revenue and Cost Optimization Read More »
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
Lumino Industries Files IPO Draft to Raise ₹1,000 Crore Read More »
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
Dixon Technologies Shares Fall 10% Amid Weak Q3 Earnings Read More »
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
Donald Trump Signals Potential Tariffs on Canada, Mexico, and Other Nations Read More »
Hatsun Agro, one of India’s largest private-sector dairy companies, has announced the acquisition of Milk Mantra Dairy for ₹233 crore. This move is part of Hatsun’s strategy to strengthen its presence in Odisha and Eastern India. Following the acquisition, Milk Mantra Dairy will become a wholly-owned subsidiary of Hatsun Agro. Milk Mantra Dairy products are
Hatsun Agro Acquires Milk Mantra Dairy for ₹233 Crore to Expand in Eastern India Read More »
Shares of Waaree Renewable Technologies surged 7% on January 20, reaching ₹1,118 apiece, following the receipt of a Letter of Intent (LOI) from a leading wind energy company. This development comes as a positive sign for the company, whose stock had dropped over 36% in the last three months, significantly underperforming the Nifty 50 index,
Waaree Renewable Technologies Shares Jump 7% on New Wind Energy Deal Read More »
Shares of Havells India Ltd rose on January 20, even though the company reported a slight decline in its net profit for the December quarter. The home appliances manufacturer’s profit slipped to ₹283 crore in Q3FY25, down from ₹288 crore in the same period last year. A rise of up to 10.9 percent in operation-driven
Havells India Shares Gain Despite a Dip in Q3 Net Profit Read More »
Kotak Mahindra Bank has posted a 10% year-on-year (YoY) rise in net profit to Rs 4,701 crore for the third quarter of FY25, up from Rs 4,265 crore in the same period last year. However, the net profit dropped by 7% sequentially compared to Rs 5,044 crore in the previous quarter. The bank’s financial performance
Kotak Mahindra Bank Q3FY25 Results: Net Profit Rises 10% YoY to Rs 4,701 Crore Read More »
