On Wednesday, state-owned Nalco said that because of increased operating income, its consolidated profit increased more than fivefold to Rs 1,045.97 crore for the quarter that ended in September 2024. During the previous year, National Aluminium Company Ltd. (Nalco) reported a consolidated profit of Rs 187.35 crore, according to a stock exchange filing. The latest…
On Thursday, November 14, Niva Bupa Health Insurance shares made a respectable market debut, listing at ₹78.14 on the NSE, 5.5 per cent above the issue price of ₹74. It listed at ₹78.5 on the BSE, up 6.08 per cent from the IPO price. Subscriptions for Niva Bupa’s ₹2,200 crore initial public offering (IPO) were…
In order to recoup around Rs69.9 lakh in unpaid debts, market watchdog Securities and Exchange Board of India (SEBI) has ordered the attachment of Venugopal Dhoot’s bank and demat accounts as well as those of Videocon Group promoter Electroparts (India) Pvt Ltd. Electroparts (India) and its CEO, Mr Dhoot, received a notification from SEBI on…
Higher-than-expected sales volumes helped offset low costs of the essential building material, as India’s Shree Cement exceeded second-quarter profit projections on Monday. With a net profit of 931.3 million rupees ($11 million) for the three months ending September 30, the nation’s third-largest cement manufacturer by market capitalization reported an 81% decrease from the same period…
With Tesla’s stock reaching its highest level in over two years, investors are flooding into bullish options bets on the electric vehicle manufacturer, hoping that Elon Musk’s strong relationship with President-elect Donald Trump will help the company. Tesla’s stock has risen more than 35% since the election on November 5 and was up almost 8%…
Today (November 12), FSN E-Commerce Ventures, the company running the Nykaa brand of beauty and wellness items online, is prepared to release its September quarter (Q2 FY25) financial results. According to news reports, Nykaa will post strong results for the current quarter because of the expansion of its Beauty and Personal Care (BPC) division. According…
On a day when benchmark indices saw volatility, Tata Motors’ share price increased by about 3% in morning trading on Monday, making it one of the top gainers among the Nifty 50 firms. Although Jaguar Land Rover’s margin weakness was the main cause of Tata Motors’ weak Q2 performance, analysts predict that the second half…
During intraday trading on Monday, November 11, shares of Asian Paints, the nation’s top paint and décor company, dropped 9.5% to ₹2,506 a share, the lowest level since April 2021. The company’s poor September quarter (Q2) earnings, which fell short of analysts’ forecasts in every way, were the cause of this decline. Soft demand circumstances,…
On Monday, November 11, shares of Aarti Industries, the Aarti Group’s main firm, fell 10% to ₹427 per share, reaching a 4-year low. This drop came after the company’s terrible September quarter performance when a steep increase in operating costs and poor energy segment performance caused net profit and EBITDA to hit multi-quarter lows. In…
Donald Trump promised to lower Social Security taxes during his campaign, but recipients might not realise the full cost of this change. Trump defeated Democratic opponent Kamala Harris in a close race to become the 47th president of the United States during this week’s elections. During a rally in July, he declared that he would…