Latest Updates Around The World
Fintech player Paytm Ltd on Tuesday reported a 98% decline in its consolidated net profit at just Rs 21 crore in the second quarter, compared to Rs 928 crore in the year-ago period. Before one-off charges for full impairment of Rs 190 crore loan to JV First Games Technology, PAT stood at Rs 211 crore.Operating […]
Nuvama Wealth Management on Tuesday announced a 1:5 stock split and an interim dividend of Rs 70 per equity share for the financial year 2025-26. The company has set November 11 as the record date for the interim dividend, while it will announce the record date for the share split at a later date.The interim […]
SBICAP Securities, a group company of the State Bank of India (SBI), has appointed Bhuvaneshwari A. as its new Managing Director and Chief Executive Officer with effect from November 1. Bhuvaneshwari has a post-graduate degree in Public Administration and is a Certified Associate of the Indian Institute of Bankers and a Certified Financial Planner.She is […]
Berger Paints India saw its consolidated profit for the September quarter fall 23% compared to the previous year to Rs 206.4 crore as prolonged monsoon rains weighed on demand during the quarter.The paint maker’s consolidated revenues rose around 2% y-o-y to Rs 2,827.5 crores, while earnings before interest, taxes, depreciation and amortization (excluding other income) […]
Novelis expects its cash flows to be negatively impacted by $550-$650 million during the current fiscal year as a result of the fire at its Oswego, New York facility in September. This includes adjusted earnings before interest, taxes, depreciation and amortization of $100 – $150 million.The subsidiary of India’s Hindalco Industries will restart this hot […]
Wall Street stocks fell early Tuesday as shares in technology names including Palantir retreated as investors digested a slew of earnings reports.The Dow Jones fell 436.01 points, or 0.92%, to 46,894.82; the S&P 500 fell 81.71 points, or 1.19%, to 6,767.31; and the Nasdaq fell 398.08 points, or 1.67%, to 23,422.70. Analysts pointed to “profit […]
Bajaj Financial Securities has bought a stake in customer data platform Lemnisk for an undisclosed amount in a secondary transaction, giving a partial exit to some of the company’s early investors, including growX Ventures.Lemnisk said the investors still have stakes in the company. “growX supported Lemnisk when the enterprise CDP space was in its infancy. […]
The disruption caused by the Bureau of Indian Standards (BIS) certification required in the footwear sector has been addressed, while the reduction in GST rates will augur well for demand in the coming months, said director and CEO of apparel manufacturing company Arvind Fashions Ltd, Amisha Jain.Jain, who took control of the company in August, […]
In a tweet, Zerodha founder Nithin Kamath congratulated Groww CEO Lalit Keshre on the latter’s much-awaited IPO, but with a signature witty twist.“Congratulations on the IPO and good luck,” Kamath posted on X (formerly Twitter). Then came the punch line. “Besides, about 20% of all Groww IPO filings come from @zerodhaonline customers.” The tongue-in-cheek comment […]
Fitch Ratings has upgraded its rating outlook on Adani Ports and Special Economic Zone (APSEZ) and Adani Energy Solutions (AESL) from ‘negative’ to ‘stable’ as it believes contagion risks for these Adani group companies have diminished.The rating agency also maintained ‘BBB-‘ rating for the two companies and for Adani Electricity Mumbai (AEML). Fitch said the […]
