Latest Updates Around The World
Rajat Sharma, Founder and CEO of Sana Securities, shared a value-driven, selective investment outlook across banking, IT, defense and FMCG sectors, emphasizing long-term valuations and fundamentals over short-term momentum.On the banking and financial sector, Sharma said in an interview with ETNow that he believes the recent pullback in major private banks like HDFC Bank and […]
Reliance Industries (RIL) reported a 1.6% year-on-year increase in consolidated profit after tax (including associates) to ₹22,290 crore for the December quarter as margin pressure in retail and upstream oil and gas sectors offset strong performance in telecom and refining sectors.Consolidated EBITDA rose 6.1% year-on-year to ₹50,932 crore, while gross revenue rose 10% to ₹2.94 […]
Reliance Retail on Friday said third-quarter profit after tax rose 2.7% year-on-year to Rs 3,551 crore, while revenue from operations rose 9.2% to Rs 86,951 crore during the quarter.The company’s EBITDA margin fell 60 basis points to 8% from 8.6% in the previous quarter, while EBITDA rose 1.3% to Rs 6,915 crore in the December […]
Jio Platforms Ltd on Friday said its profit after tax rose 11.2% year-on-year (year-on-year) to Rs 7,629 crore in December, while revenue from operations rose 12.7% to Rs 37,262 crore during the quarter. Jio’s average revenue per user (ARPU) increased sequentially from Rs 211.4 to Rs 213.7.The increase in ARPU was due to increased customer […]
Shares of Reliance Retail-owned Lotus Chocolate Company fell 10% to end the January 13 session at Rs 677 after the company’s net profit took a massive 97% hit in the third quarter of FY26.The company’s net profit stood at Rs 14 lakh, down 96% year-on-year, Lotus said in a filing with the regulator. In the […]
Indian markets continued their decline after hitting record highs last week as the Nifty fell below the crucial 26,000 mark for profit booking, increased global uncertainty and heavy FII outflows.Kranthi Bathini, Director – Equity Strategy at WealthMills Securities, said: “The markets, which recently touched an all-time high of around 26,300, have entered a consolidation phase.” […]
ICICI Lombard General Insurance disclosed a corporate governance lapse after draft, unaudited financial information for the December quarter was inadvertently shared on a senior employee’s personal WhatsApp status, prompting the insurer to inform the stock exchanges as a precautionary measure.ICICI Lombard said in a filing with the regulator that a ‘designated person’ accidentally posted certain […]
As artificial intelligence fuels an explosion of data in global markets, renowned valuation expert Aswath Damodaran warns investors that having more numbers doesn’t necessarily lead to better decision-making.In his latest annual data update for 2026, Aswath Damodaran, professor of finance at New York University and one of the most influential valuation experts in the world, […]
India’s defense manufacturing sector is witnessing a sharp improvement in visibility over the medium term, driven by a significant acceleration in capital purchase approvals. The Defense Acquisition Council (DAC) approved capital proposals worth about Rs 790 billion during its winter session, taking FY26 approvals so far to nearly Rs 3.3 trillion – almost twice the […]
The issues related to the rare earth supply chain have been going on since the beginning of the current fiscal, creating anxiety and uncertainties for the Indian automakers. The rare earth magnets in question, namely neodymium-iron-boron (NdFeB), are valued for their strength and efficiency. Modern passenger vehicles rely on these rare earth magnets for several […]
