Latest Updates Around The World
Mumbai: Cost-conscious investors looking for value in the large-cap sector can consider the Nifty Next 50 index fund, an index that invests in stocks ranked between 51 and 100 in terms of market capitalization. Expectations of higher earnings growth than the Nifty 50, combined with the recent underperformance against the broader Nifty 50, provide an […]
FMCG company Tata Consumer Products director Sunil D’Souza on Monday said three of its brands – Capital Foods, Organic India and Tata Soulfull – have seen an impact on sales during the transition phase of the GST rate reduction, with business disruption far greater than expected. To be fair, the company recorded “decent double-digit growth” […]
The Indian market ended flat on Monday, with investors taking a breather after the Sensex and Nifty posted the strongest monthly rally in seven months. Modest profit-taking after the start of October was offset by stock-specific gains driven by quarterly earnings, leaving overall sentiment stable.The S&P BSE Sensex rose 39.78 points (0.05%) to close at […]
OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com, in the first major move to boost its AI ambitions after a restructuring last week that gave the ChatGPT maker more operational and financial freedom.The deal, announced Monday, gives OpenAI access to hundreds of thousands of Nvidia graphics processors to train […]
Zerodha founder and CEO Nithin Kamath has shed light on what he calls a ‘tax arbitrage game’ driving the behavior and valuations of startups in India, while explaining why many venture capital (VC)-backed companies deliberately operate with little or no profit.In a detailed post on “If you take money out of a company as dividends, […]
InterGlobe Aviation will report its September quarter results on Tuesday, November 4, with the IndiGo operator expected to report mixed second-quarter performance as seasonal weakness could weigh on the company’s profitability. Estimates from four brokers put profits in a broader range, while expecting revenue to grow between 4% and 13%. The topline range is between […]
Cigarette maker Godfrey Phillips India on Monday reported a 22.8 per cent rise in consolidated net profit at Rs 304.99 crore for the September quarter of FY’26. The company had posted a net profit of Rs 248.31 crore in the July-September period a year ago, according to a regulatory filing by Godfrey Phillips India, the […]
Gland Pharma on Monday reported a 12 percent year-on-year increase in profit after tax (PAT) to Rs 184 crore for the September quarter, helped by strong performance from CDMO arm Cenexi.The Hyderabad-based drug reported a PAT of Rs 163 crore for the July-September period of the previous fiscal. Operating revenue rose to Rs 1,487 crore […]
As many as seven companies, including Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce platform Shiprocket, have secured Sebi’s approval to collectively raise nearly Rs 7,700 crore through initial public offerings (IPO), an update from the market regulator said on Monday.Others that have received regulatory approval include German Green Steel and Power, Allied Engineering Works, Skyways […]
Indian financial technology company Pine Labs has scaled back the size of its initial public offering as existing shareholders wanted to sell a smaller portion of their stake at the set price range, CEO Amrish Rau told Reuters in an interview.The company, which provides payment solutions such as point-of-sale terminals, cut the portion offered by […]
