Latest Updates Around The World
LG Electronics India saw its net profit decline 61.6 percent in Q3FY26 due to margin pressure as subdued sales impacted operating leverage, along with higher input costs for copper and aluminum and currency-related headwinds. Net sales in the quarter fell 6.4 percent to Rs 4,114 crore in the October-December quarter. “Despite lower than expected post-festive […]
Dalal Street investors have become richer by Rs 30.20 lakh crore this year, helped by a rise of over 8 per cent in the BSE benchmark Sensex, despite multiple headwinds in the form of exodus of foreign funds, rate-related uncertainties, high valuations and a weakening rupee.Analysts said despite the headwinds, equity markets showed resilience, helped […]
Meesho’s sharp rally on Wednesday, following a buy call from UBS, made it the best-performing major IPO in 2025. The stock rose about 20% on the session, taking its gains to nearly 95% from its issue price. Data from Trendlyne shows that for companies that raised more than Rs 5,000 crore this year, the second […]
Shares of Whirlpool of India will be in focus on Monday, December 8, after takeover talks between global private equity firm Advent International and Whirlpool Corp collapsed, a Reuters report said.Discussions focused on acquiring a 31% stake in Whirlpool of India for up to $1 billion. Under Indian regulations, this would have led to a […]
Markets moved higher on Thursday to hit a new record high, supported by favorable global cues. In addition to strength in US markets, optimism around possible rate cuts and easing in crude oil prices continued to support buying sentiment.“We expect the positive momentum to continue, with the Nifty gradually moving towards the 26,500 mark. On […]
Excelsoft Technologies’ Rs 500 crore IPO witnessed strong demand across categories and was fully subscribed on Day 1. The issue was booked 1.45 times, with bids for shares of Rs 4.45 crore against the shares on offer of Rs 3.07 crore. The three-day IPO will remain open until November 21.In the gray market, the premium […]
LG Electronics India remains optimistic about its growth trajectory despite a difficult quarter marked by unusual weather conditions, geopolitical uncertainties and a temporary sales freeze due to GST restructuring. The company reported revenue growth of 1%, an industry-leading EBITDA margin of 8.9% and a significant increase in market share in TVs, refrigerators and air conditioning.Chief […]
LG Electronics India remains optimistic about its growth trajectory despite a difficult quarter marked by unusual weather conditions, geopolitical uncertainties and a temporary sales freeze due to GST restructuring. The company reported revenue growth of 1%, an industry-leading EBITDA margin of 8.9% and a significant increase in market share in TVs, refrigerators and air conditioning.Chief […]
LG Electronics India on Thursday reported a 27% year-on-year decline in net profit to Rs 389.4 crore for the second quarter ended September, while there was a 1% YoY growth in revenue from operations at Rs 6,174 crore in the period under review. However, the company said it has improved market share in key categories […]
Indian fintech company Pine Labs has cut the size of its initial public offering, trimming the portion offered by existing investors by 44% and reducing the number of new shares issued to raise funds by 20%, an updated prospectus shows. The IPO, scheduled for November 7 to 11, follows a wave of listings on a […]
