Indian Market

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 […]

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

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

Indian Rupee Opens Almost Flat at 86.5650 Against US Dollar Read More »

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

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

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

MCX Posts Q3 Profit on Increased Revenue and Cost Optimization Read More »

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

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

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

Dixon Technologies Shares Fall 10% Amid Weak Q3 Earnings Read More »

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

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

Hatsun Agro Acquires Milk Mantra Dairy for ₹233 Crore to Expand in Eastern India

Hatsun Agro Acquires Milk Mantra Dairy for ₹233 Crore to Expand in Eastern India

/ Indian Market /

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 »

Waaree Renewable Technologies Shares Jump 7% on New Wind Energy Deal

Waaree Renewable Technologies Shares Jump 7% on New Wind Energy Deal

/ Indian Market /

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 »

Havells India Shares Gain Despite a Dip in Q3 Net Profit

Havells India Shares Gain Despite a Dip in Q3 Net Profit

/ Indian Market /

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 »

Scroll to Top