Indian Market

Indian Rupee Falls Below 87 Against US Dollar as Trump’s Tariffs Shake Global Markets

Indian Rupee Falls Below 87 Against US Dollar as Trump’s Tariffs Shake Global Markets

/ Indian Market /

The Indian rupee tumbled to a record low against the US dollar on February 3, breaching the 87-mark in early trade as global financial markets reeled from US President Donald Trump’s new tariff measures. The domestic unit weakened to 87.1100 per unit of the dollar, down from its closing price of 86.6162, in a dash

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Hitachi Energy Shares Hit 20% Upper Circuit After Strong Q3 Results

Hitachi Energy Shares Hit 20% Upper Circuit After Strong Q3 Results

/ Indian Market /

Shares of Hitachi Energy India surged 20% on January 20 following its impressive December quarter results. At 10:20 am, the stock was locked at Rs 12,158 per share, hitting the upper circuit. The company’s market capitalization stood at Rs 51,527 crore, with a 52-week range of Rs 5,637 to Rs 16,550. The sequential and YoY

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Solar Industries, MIL Secure Rs 10,000 Crore Pinaka Order, CCS Clears Deal

Solar Industries, MIL Secure Rs 10,000 Crore Pinaka Order, CCS Clears Deal

/ Indian Market /

The Cabinet Committee on Security (CCS) has approved a Rs 10,000 crore procurement deal for the Pinaka rocket launcher system, with Solar Industries and Munitions India Limited (MIL) selected as key manufacturers, according to a report by ANI citing defence sources. The Pinaka launchers will enhance artillery capabilities of the Indian Army, particularly in high-altitude

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Adani Power Posts 7.4% Rise in Q3 Net Profit at Rs 2,940 Crore, Plans Rs 5,000-Crore QIP

Adani Power Posts 7.4% Rise in Q3 Net Profit at Rs 2,940 Crore, Plans Rs 5,000-Crore QIP

/ Indian Market /

Adani Power Ltd reported a 7.4% increase in net profit for the third quarter of FY25, reaching Rs 2,940.07 crore, compared to Rs 2,737.96 crore in the same period last year. The company’s profit, however, was lower than the Rs 3,297.52 crore reported in the previous quarter. Following the earnings announcement, shares of Adani Power

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Maruti Suzuki Q3 Results: Net Profit Rises 16% to Rs 3,727 Crore on Strong Sales Growth

Maruti Suzuki Q3 Results: Net Profit Rises 16% to Rs 3,727 Crore on Strong Sales Growth

/ Indian Market /

Maruti Suzuki India Ltd reported a 16% year-on-year increase in consolidated net profit, reaching Rs 3,727 crore for the third quarter of FY25. This exceeded analysts’ expectations, as a Moneycontrol poll had estimated a net profit of Rs 3,596 crore. The company’s revenue for the quarter stood at Rs 38,764 crore, marking a 16% growth

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VA Tech Wabag Shares Gain 6% After Securing Rs 121 Crore Wastewater Treatment Contract in Bahrain

VA Tech Wabag Shares Gain 6% After Securing Rs 121 Crore Wastewater Treatment Contract in Bahrain

/ Indian Market /

Shares of VA Tech Wabag surged 6% in early trade on January 29 after the company secured a Rs 121 crore contract to operate and maintain a wastewater treatment plant in Bahrain for the next seven years. The order, awarded by BAPCO Refining, expands VA Tech’s presence in Bahrain, where it has been managing a

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ITC Hotels to List on NSE, BSE Today; Expected Listing Price and Market Valuation

ITC Hotels to List on NSE, BSE Today; Expected Listing Price and Market Valuation

/ Indian Market /

ITC Hotels, the demerged hotels arm of ITC Ltd., will make its stock market debut today on NSE and BSE. The listing follows ITC’s decision to spin off its hotel business into a separate entity to unlock value for shareholders. Accordingly, for every 10 shares of ITC as on January 6, 2025, investors have got

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Cipla Q3 Results: Net Profit Jumps 49% to Rs 1,571 Crore, Beats Market Expectations

Cipla Q3 Results: Net Profit Jumps 49% to Rs 1,571 Crore, Beats Market Expectations

/ Indian Market /

Cipla, one of India’s leading pharmaceutical companies, reported a 49% rise in its consolidated net profit for Q3 FY25, reaching Rs 1,571 crore. This is a significant jump compared to Rs 1,056 crore in the same quarter last year and also surpasses market estimates of Rs 1,225 crore as polled by Moneycontrol. It reported the

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