Latest Updates Around The World
Hello and welcome to ET Market Watch. I’m Neha Vashishth, bringing you your Friday market shawl. After six consecutive days of gains, Indian stocks finally took a breather. The Sensex fell 344 points, or 0.41%, to close at 84,211, while the Nifty fell 0.37% to settle at 25,795 as investors booked gains near record highs. […]
Generic drug manufacturer Dr. Reddy’s Labs reported a 7% growth in its net profit at Rs 1,347 crore in the September quarter, compared to Rs 1,255 crore in the same quarter last year. Revenue from operations rose 10% year-on-year to Rs 8,828 crore. Profits were below estimates of Rs 1,410 crore (ET Now Poll), hit […]
Markets regulator Sebi on Friday introduced a streamlined process for transferring Portfolio Management Services (PMS) activities from one portfolio manager to another, aimed at increasing ease of doing business. Under the new framework, a portfolio manager can transfer its PMS business only after obtaining prior approval from the Securities and Exchange Board of India (Sebi). […]
Mid-market IT services company Coforge on Friday reported 86% year-on-year growth in its net profit for the quarter ended September at Rs 376 crore, compared to Rs 202 crore in the year-ago period. The profit after tax (PAT) was attributable to the owners of the company. The company’s operating revenue in the July-September quarter stood […]
Indian government bonds ended little changed, recovering from intraday declines but posting a weekly decline on Friday as weak trading volumes encouraged short sellers while investors largely stayed away due to interest rate uncertainty. The yield on the 10-year benchmark ended at 6.5345%, after reaching 6.5357% on Thursday. It rose 2 basis points during the […]
Billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), has invested around Rs 90 crore in eyewear retailer Lenskart Solutions in a pre-IPO (initial public offer) funding round, people familiar with the development said on Friday. The investment comes ahead of Lenskart’s initial public offering, which is expected to open for public subscription next week. […]
SBI Life on Friday reported a 6% decline in net profit to Rs 495 crore for the second quarter, compared to Rs 529 crore in the same quarter last year. Meanwhile, net premium income rose 23% year-on-year (year-on-year) to Rs 24,848 crore. The company reported stable performance for the first half of the fiscal year, […]
As markets prepare for another eventful year, Deepak Shenoy, founder of Capital Mind, has shared a series of eye-catching predictions for 2025 covering India, commodities and the global economy. According to Shenoy, the Nifty could see a sharp rally, possibly rising 20% to reach the 30,000 mark before next Diwali. “There will be low frenzied […]
Billionaire investor Ray Dalio warned on microblogging site “History and logic have made it clear that sanctions reduce demand for fiat currencies and the debt denominated in them and support gold,” Dalio said, pointing to previous episodes in which economic warfare reshaped global monetary dynamics. Dalio’s comments follow Washington imposing new sanctions on Russia’s two […]
If you noticed a new name on your Tata Motors shares today, you’re not alone. The company is now officially called Tata Motors Passenger Vehicles Ltd (TMPV). The change marks the latest step in Tata Motors’ plan to split its passenger and commercial vehicle businesses into two separate companies. What exactly has changed and why? […]
