Latest Updates Around The World
The country’s largest two-wheeler maker Hero MotoCorp on Thursday beat Street estimates and reported a 16% rise in net profit at Rs 1,393 crore for the quarter ended September on healthy sales volumes amid GST cuts.The company had reported a net profit of Rs 1,204 crore in the year-ago quarter. Revenue from operations rose 16% […]
The National Investment And Infrastructure Fund (NIIF) on Thursday divested nearly 3 percent stake in electric two-wheeler maker Ather Energy for Rs 541 crore through open market transactions. NIIF, through its subsidiary National Investment and Infrastructure Fund-II, has sold a little over 87.02 lakh shares in two tranches, representing a 2.28 per cent stake in […]
Capillary Technologies India has raised Rs 394 crore from a group of anchor investors ahead of its initial public offering (IPO), which opens for subscription on Friday, November 14. Ravi Dharamshi-backed Valuequest, French asset management firm Amundi and HSBC are some of the major investors who have received the allocations.The software product company allotted 68.28 […]
The Indian market paused on Thursday, with Sensex and Nifty ending little changed as a four-day rally lost momentum. Gains from declining inflation and optimism over a possible India-US trade deal were offset by caution ahead of the Bihar election results.The S&P BSE Sensex rose 12 points, or 0.01%, to close at 84,478.67, while the […]
India’s market regulator on Thursday proposed relaxing lock-in requirements for existing shareholders in public matters, excluding large shareholders or promoters who have the ability to influence corporate decisions.The current pre-IPO lock-in process is “cumbersome,” Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India, told Reuters on Wednesday. If shares have been pledged […]
LG Electronics India on Thursday reported a 27% year-on-year decline in net profit to Rs 389.4 crore for the second quarter ended September, while there was a 1% YoY growth in revenue from operations at Rs 6,174 crore in the period under review. However, the company said it has improved market share in key categories […]
Walt Disney announced Thursday that it is preparing for a potentially protracted battle with YouTube TV over the distribution of its cable channels, leaving investors worried about the prospects for its already declining TV business and sending shares down 6%.The company also missed quarterly revenue expectations as weakness in cable overshadowed strong growth in the […]
August-listed National Securities Depository Ltd (NSDL) reported 15% year-on-year (year-on-year) growth in its consolidated net profit in the quarter ended September to Rs 110 crore, compared to Rs 96 crore in the year-ago period. Revenue from operations in Q2FY26 stood at Rs 400 crore, up 12% from Rs 357 crore in the corresponding quarter of […]
Apollo Tires on Thursday reported a 13 percent year-on-year decline in consolidated profit after tax to Rs 258 crore in the September quarter, hit by a provision of Rs 176 crore for restructuring of the Netherlands-based plant.The tire maker reported a profit after tax (PAT) of Rs 297 crore in the July-September quarter of the […]
Asian Paints delivered a strong quarterly performance with double-digit volume growth and steady margins, supported by favorable raw material prices and resilient domestic demand. Managing Director and CEO Amit Syngle shared insights with ET Now on pricing, margins, demand trends and the company’s strategy to protect market share amid increasing competition. Raw material costs remain […]
