Indian Market

Apollo Hospitals to Launch Three New Facilities in FY26, Expands Healthcare Network

Apollo Hospitals to Launch Three New Facilities in FY26, Expands Healthcare Network

/ Indian Market

Apollo Hospitals is set to expand its flagship hospital business with the launch of three new facilities in Kolkata, Delhi, and Pune in FY26, with operations expected to begin before Q3 or early Q4 of the financial year. This was announced by Managing Director Suneeta Reddy during the company’s post-earnings investor call. Apart from these […]

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RVNL Shares in Focus After Winning ₹355 Crore Railway Project

/ Indian Market

Rail Vikas Nigam Ltd. (RVNL) shares will be in focus on February 11 after the company emerged as the lowest bidder for a ₹355.43 crore project from South Western Railway. The project is for survey, design, supply, installation, testing, and commissioning of KAVACH equipment and other related works on 790 RKM in Hubballi and Mysuru

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Rupee Hits Record Low of 87.96 Against US Dollar on Trump's Tariff Plans

Rupee Hits Record Low of 87.96 Against US Dollar on Trump’s Tariff Plans

/ Indian Market

The Indian rupee fell to a new record low of 87.9563 against the US dollar on February 10, impacted by US President Donald Trump’s announcement of fresh tariff plans. The local currency opened at 87.9175 per dollar, significantly weaker than its previous close of 87.4275. Trump announced on Feb. 9 that he would impose a

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Bharat Electronics Shares Gain After Securing Orders Worth Rs 962 Crore

Bharat Electronics Shares Gain After Securing Orders Worth Rs 962 Crore

/ Indian Market

Bharat Electronics Ltd. (BEL) shares traded higher on February 10 after the company secured multiple orders worth Rs 962 crore. At 9:22 AM, BEL shares were quoting Rs 281 on the NSE, up 1.4 percent from the previous session’s closing price. Among the fresh orders, BEL has received a contract worth Rs 610 crore from

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Cipla Shares in Focus as USFDA Classifies Inspection as VAI

Cipla Shares in Focus as USFDA Classifies Inspection as VAI

/ Indian Market

Cipla shares are expected to remain in focus after the United States Food and Drug Administration (USFDA) classified the inspection of its Virgonagar, Bengaluru facility as Voluntary Action Indicated (VAI). The routine current Good Manufacturing Practices (cGMP) inspection was conducted between November 7-13, 2024. Earlier this month, Cipla announced an investment of ZAR 900 million

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L&T Finance Acquires PMFL's Gold Loan Business for ₹537 Crore, Expands Secured Loan Portfolio

L&T Finance Acquires PMFL’s Gold Loan Business for ₹537 Crore, Expands Secured Loan Portfolio

/ Indian Market

L&T Finance has announced its entry into the gold loan segment with the acquisition of Paul Merchants Finance Pvt. Ltd.’s (PMFL) gold loan business. The company will pay ₹537 crore in an all-cash deal, with certain adjustments before the final closing. The transaction is expected to be completed by the second quarter of FY26, subject

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Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore

Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore

/ Indian Market

Quality Power Electrical Equipments Ltd. has announced that its initial public offering (IPO) will open for subscription on February 14. The company, which provides high-voltage electrical equipment and solutions, filed its red herring prospectus with the Registrar of Companies on February 6. The issue price band will be revealed later in the week. Anchor bidding

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Trent Q3 Net Profit Rises 34% to ₹497 Crore, Shares Fall 7% Post Results

Trent Q3 Net Profit Rises 34% to ₹497 Crore, Shares Fall 7% Post Results

/ Indian Market

Trent Ltd, the parent company of Zudio and Westside, reported a 34% year-on-year increase in net profit for the third quarter of FY25, reaching ₹496.54 crore. This is in line with market expectations, as a Moneycontrol poll had estimated the company’s net profit at ₹505 crore. In the same quarter last year, Trent had reported

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Zinka Logistics Stock Hits Upper Circuit; BlackBuck Jumps 40% in 8 Sessions

Zinka Logistics Stock Hits Upper Circuit; BlackBuck Jumps 40% in 8 Sessions

/ Indian Market

Shares of Zinka Logistics Solutions Ltd. remained locked in the 5% upper circuit for the second consecutive session on February 6, with only buyers in the trade and no sellers. The stock has been on an upward trend despite the company reporting a widened net loss of ₹48 crore in Q3 FY25, compared to ₹19.5

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