Latest Updates Around The World
Muthoot Microfin’s net profit in the third quarter rose more than 16 times to Rs 62.4 crore compared to Rs 3.8 crore in the same period last year, helped by a decline in provisions to cover bad loans.Credit costs for the quarter were 3.3%, well below the 4-6% guidance for the fiscal year. Provisions in […]
A major rally for global stock markets that started in Asia on Monday disappeared as trading arrived on Wall Street.The S&P 500 fell 0.2% in the first few minutes of trading. The Dow Jones Industrial Average was down 62 points, or 0.1%, at 9:35 a.m. Eastern Time, and the Nasdaq composite was 0.4% lower. The […]
Bajaj Electricals Ltd on Monday reported a consolidated net loss of Rs 34.10 crore for the September quarter of FY26 due to contraction in gross margin and impact of new labor laws.The company had posted a net profit of Rs 33.36 crore in the October-December period of the year-ago period, according to a regulatory filing […]
Indian towel and bedding maker Trident reported a 44% drop in profit on Monday after a US-led export slowdown put pressure on third-quarter sales. Consolidated net profit stood at 442.4 million Indian rupees ($4.88 million) for the three months ended December 31, compared with 797 million rupees a year earlier, according to a regulatory filing. […]
Religare Broking on Monday said it has appointed Vijay Kumar Goel as managing director as the brokerage firm focuses on scaling its core business and expanding its wealth product offering.Before joining Religare Broking, Goel was self-employed as an Executive Coach and Business Growth Consultant, mentoring senior leaders and advising financial services firms on growth and […]
The Indian rupee closed slightly weaker on Monday, unable to benefit from a broadly weaker dollar due to corporate demand for the dollar, in a trading session that was also marked by technical difficulties.The rupee closed at 90.7575 per dollar, down 0.1% from its close of 90.6550 on Friday. Market participants had noticed trade execution […]
Indian equity markets have passed their worst phase and are poised to become relative outperformers in 2026, said Sandeep Tandon, Chief Investment Officer at Quant Mutual Fund. In an exclusive conversation with ET Now, Tandon highlighted that the extreme negativity has subsided, foreign selling has been exhausted and the rupee depreciation cycle has peaked, creating […]
Domestic institutional investors increasingly have the upper hand in India’s benchmark index, with their holdings in the Nifty-50 rising to a record 24.8% in December 2025, a historic shift that puts local money ahead of foreign investors. This milestone comes amid relentless FII sales of over Rs 1.6 lakh crore by 2025, highlighting a steady […]
Aye Finance on Monday launched its initial public offering (IPO) to raise Rs 1,010 crore. On the first day of the offer, the issue was subscribed by only 3% of the total offered shares of Rs 4.55 crore. The demand was largely driven by retail investors, who subscribed to 15% of their allotted shares of […]
Bitcoin recovered from Friday’s low of $62,500 to consolidate at $70,000 after a sharp sell-off washed away a large chunk of leveraged long positions and eased downward pressure. The cryptocurrency was trading at $70,839.Over the past 24 hours, Bitcoin rose 2.17%, while Ethereum was flat, declining marginally by 0.02%. Among the major altcoins, XRP, Tron, […]
