The Indian market ended higher on Wednesday, with the Sensex and Nifty closing less than 1% below record highs, as investors positioned for an expected rate cut by the US Federal Reserve and optimism over a possible trade truce between the US and China boosted sentiment. The S&P BSE Sensex rose 0.44% to 84,997.13, up […]
Aditya Birla Capital witnessed a major block deal worth Rs 819 crore on Tuesday when Advent International’s arm Jomei Investments sold 2.66 crore shares of the financial services arm of Aditya Birla Group at Rs 308 per share on the NSE. The transaction saw strong institutional participation, with major investors such as Goldman Sachs Bank […]
HeidelbergCement India on Wednesday reported a two-fold rise in net profit to Rs 24.93 crore for the September quarter of FY26, helped by higher sales volume and improvement in prices. The company had reported a net profit of Rs 11.21 crore in the July-September quarter a year ago, according to a regulatory filing by HeidelbergCement […]
Stock markets hit record highs on Wednesday on optimism about US trade deals, the AI sector and an expected interest rate cut by the US Federal Reserve. On Wall Street, both the S&P 500 and Nasdaq Composite hit record highs as trading began, following new peaks in London and some Asian markets as US President […]
Nvidia has become the first company to reach $5 trillion in revenue, just three months after the Silicon Valley chipmaker became the first to break the $4 trillion mark. Achieving the new benchmark puts more emphasis on the upheaval caused by an artificial intelligence craze that is widely seen as the biggest tectonic shift in […]
Major engineering and construction company Larsen and Toubro (L&T) reported 16% year-on-year growth in consolidated net profit at Rs 3,926 crore in the second quarter, on top of a 10% increase in revenue at Rs 67,984 crore. EBITDA for the quarter improved 7% year-on-year to Rs 6,806 crore, while margins declined slightly to 10% “The […]
US IT giant Cognizant, which has a significant number of employees in India, reported better-than-expected growth on Wednesday, with revenue rising 7.3 percent year-on-year to $5,415 million for the quarter ended September 2025. In its latest quarter, the company had brought its third-quarter revenue to between $5.27 billion and $5.35 billion. Cognizant – which follows […]
PB Fintech, the parent company of Policybazaar and Paisabazaar, delivered a strong performance in the September quarter (Q2 FY26), with earnings and operating metrics showing sharp improvement on solid insurance premium growth and improved operational efficiency. The company’s consolidated profit after tax rose 165% year-on-year to Rs 135 crore, while margins expanded significantly. This was […]
Robert Kiyosaki, the author of Rich dad, poor dadis doubling down on Bitcoin – and on his belief that fear, not intelligence, keeps people poor. In a fiery post on Sharing what he described as a personal anecdote, Kiyosaki said he showed a friend his Coinbase app, which “was pathetic a few years ago.” The […]
Indian shares rose on Wednesday, with the Sensex and Nifty closing within 1% of record highs, as investors positioned for an expected rate cut by the US Federal Reserve and optimism over a possible trade truce between the US and China boosted sentiment. The S&P BSE Sensex rose 0.44% to 84,997.13, up 368.97 points, while […]