Latest Updates Around The World
Bharti Airtel’s consolidated net profit rose 83% year-on-year in the second fiscal quarter, boosted by higher average revenue per user (ARPU), continued premiumization in India’s mobile and home segments.Airtel’s quarterly net profit stood at Rs Rs 6,791.6 crore, up from Rs 5,947.9 crore, better than analyst estimates. The Sunil Mittal-led telco beat estimates as an […]
Oyo parent company PRISM on Monday announced that it will soon introduce a new and simplified bonus structure that includes all shareholders, both equity shareholders, even with small holdings and CCPS holders, ensuring equal participation and transparency, following shareholder feedback.“We are not proceeding with the current resolution and will soon submit a new unified proposal […]
SquareYards, an integrated real estate and mortgage platform, reported revenues of Rs 455.5 crore in Q2’26, up 43% year-on-year (YoY).For the first half of the year (April – September 25), revenue rose to Rs 833.2 crore, up Rs 44% year-on-year with an EBITDA of Rs 23 crore, compared to a loss of Rs 49 crore […]
The Indian market may be buzzing with IPOs and investor euphoria, but Helios Mutual Fund remains cautious. CEO Dinshaw Irani said the fund skipped Lenskart’s IPO despite strong demand due to high valuations and limited growth visibility, especially in its overseas operations. “When valuations are this high, you need exponential growth to justify them. We […]
In a conversation with ET Now, Pankaj Pandey, head of research at ICICI Direct, shared his sector-wise view on automotive, chemicals, defense and jewellery. He believes the market continues to show strong performance in certain sectors, although valuations remain critical for investors. Automotive sector: M&M leaders, Eicher shines in the premium segmentWhen asked about the […]
Shares of public sector lender Canara Bank rose as much as 3% to their 52-week high of Rs 141.45 on the NSE on Monday, November 3, extending gains for the third straight trading session. With today’s spike, the stock is up 10% in just 3 sessions. The rise in Canara Bank’s share price comes after […]
India’s state-owned banks are in turmoil. The Nifty PSU Bank index rose as much as 2% on Monday, extending one-week gains to nearly 7%, as foreign investors, policy buzz and improving balance sheets fueled a rally that has gripped the public sector banking sector. The index closed lower in just one session last week, with […]
Indian government bonds fell in early trading on Monday as a weaker rupee and tight liquidity curbed demand, halting a rally fueled by the central bank’s decision to cancel some bond sales, which was seen as a signal of discomfort with rising yields. The yield on the benchmark 10-year bond stood at 6.5415% at 10:40 […]
Real estate companies Parsvnath Developers and Unity Group will earn annual rental income of around Rs 120 crore from their new operational mall in the national capital. In 2023, Parsvnath and Unity Group formed an equal joint venture to develop a mall with a leasable area of 5 lakh square feet. Last month, they opened […]
