Latest Updates Around The World
India’s largest unlisted heavyweights, led by Reliance Retail and Flipkart, are driving a new ranking of high-potential companies seen as future public market candidates. JM Financial in partnership with Hurun India came up with an Unlisted Gems 2026 list, which features 100 large private companies with annual revenues of at least Rs 1,000 crore, and […]
Despite near-term headwinds at Novelis, the long-term investment scenario for Hindalco Industries remains structurally strong, driven by favorable aluminum price dynamics and resilient domestic operations, said Aditya Welekar, AVP at Axis Securities.Speaking to ET Now, Welekar said Novelis remains a long-term growth story even as the company faces execution-related challenges at its Bay Minette project […]
Adani Group said it reported a strong first half for FY26, driven by record investments, higher operating profits and continued improvement in credit quality across its core infrastructure businesses.The portfolio added Rs 67,870 crore in gross assets during the first six months of the year, taking its total asset base to Rs 6.77 lakh crore. […]
August-listed National Securities Depository Ltd (NSDL) reported 15% year-on-year (year-on-year) growth in its consolidated net profit in the quarter ended September to Rs 110 crore, compared to Rs 96 crore in the year-ago period. Revenue from operations in Q2FY26 stood at Rs 400 crore, up 12% from Rs 357 crore in the corresponding quarter of […]
Novelis expects its cash flows to be negatively impacted by $550-$650 million during the current fiscal year as a result of the fire at its Oswego, New York facility in September. This includes adjusted earnings before interest, taxes, depreciation and amortization of $100 – $150 million.The subsidiary of India’s Hindalco Industries will restart this hot […]
Bharti Airtel is expected to report a strong set of numbers for the July-September quarter (Q2 FY26), driven by steady growth in its Indian mobile business, resilient performance in Africa and continued gains in its home broadband and business segments. According to an average of six brokers, the company’s consolidated revenue is expected to grow […]
Avenue Supermarts, which operates hypermarket chain DMart, reported a consolidated net profit of 3.9 percent in the second quarter of FY26 and a revenue increase of 15.4 percent, driven by food sales. The company reported a net profit of ₹685 crore on revenues of ₹16,676 crore. Like-for-like growth, a key metric for retailers, slowed to […]
Shares of Tata Elxsi witnessed selling pressure and fell 3% to the day’s low of Rs 5,406 per share on the NSE on Friday after the design and technology services company reported a 32.5% decline in net profit to Rs 154.81 crore for the second quarter of FY26. However, sequential performance showed a 7.2% increase […]
Nomura has repeated his bullish attitude towards the steel sector of India, with reference to a strong domestic demand and supporting global signals and called JSW Steel and Jindal Steel as top choices. The Brokerage increased its target price on JSW Steel to RS 1,300 from RS 1,220 and on Jindal Steel to RS 1,150 […]
The long-awaited Jio IPO from Reliance Industries, once expected by the end of 2025, will now hit the markets in the first half of 2026, according to the AGM announcement of the company. Although the shift in the timeline has raised questions, analysts suggest that the delay is less about hesitation and more about timing […]
