The prospective $8.5 billion merger with Coach parent Tapestry was rejected by a U.S. judge on Friday, which harmed Capri’s chances of overcoming obstacles at the luxury brand. As a result, Capri shares fell by about 46%. Last year, Tapestry agreed to purchase Capri to establish a luxury conglomerate in the United States that could…
YES Bank, a private sector lender, announced a 145.6% increase in net profit for the second quarter of FY25 on Saturday. The second quarter of the current fiscal year had a profit of Rs 553 crore, up from Rs 225.21 crore in the second quarter of FY24. At Rs 2,200 crore, net interest income increased…
Last week, there was strong selling pressure on IDFC First Bank’s shares ahead of the release of the Q2 results 2024 on Saturday. The price of IDFC First Bank’s shares plummeted from about ₹71.55 per share on the NSE to ₹65.57 per share during the last five sessions, resulting in a weekly loss of more…
Last week, there was a lot of selling pressure on the Yes Bank share price ahead of the presentation of the Q2 results 2024 on Saturday. Yes Bank’s share price plummeted from about ₹21.50 per share on the NSE to ₹19.50 per share during the last five sessions, resulting in a weekly loss of more…
As the US markets opened on Friday, Tesla’s stock continued to rise, increasing 4.43 per cent. Following the company’s announcement of a 17% increase in third-quarter profits, Tesla shares listed on the Nasdaq index saw an uptick. When trading began at 9:30 am EDT, Tesla shares were trading at $257.69. They increased by 4.43 per…
With Hyundai Motors India’s largest IPO and subsequent listing on Tuesday, October 22, the automotive industry has been in the spotlight. A crucial query for long-term investors is which passenger car manufacturer—Hyundai Motor or Maruti Suzuki—should they pick in the long run, given the auto giant’s stock market debut. Hyundai Motor Stock Price Trend On…
On Friday, October 25, the intraday share price of IndusInd Bank fell 19% to a new 52-week low of ₹1,034 per share. This drop came after the bank’s poor September quarter results, which fell short of Street projections across the board and caused analysts to reduce their stock target prices. The lender’s declaration that it…
The share price of PNB Housing Finance surged by about 11% on Friday on the release of the company’s impressive earnings for the September 2024 quarter. The BSE saw a 10.90% increase in PNB Housing Finance shares, which now trade at ₹1035.00 per. PNB Housing Finance’s second quarter FY25 net profit increased by 23% year…
Poonawalla Fincorp Ltd is a non-banking financial company (NBFC) in India, focusing on a range of lending solutions for individuals and businesses. Originally known as Magma Fincorp, it was rebranded after the Poonawalla Group acquired a controlling stake. The company provides loans such as personal loans, business loans, home loans, and loans for healthcare and…
ITC Ltd is one of India’s leading diversified companies, established in 1910. Originally known for its tobacco products, ITC has successfully expanded into various sectors, including fast-moving consumer goods (FMCG), hotels, packaging, paperboards, and agribusiness. The company is best known for its popular brands in categories like food, personal care, and lifestyle products, such as…