Indian markets were closed for a holiday on Wednesday. On Tuesday, the Sensex and Nifty closed lower, extending their losing streak due to sharp cuts in IT, auto, and metal stocks. Investor sentiment remained subdued amid FII selling and rising US bond yields, though India’s economic fundamentals remain resilient.Read More

Britannia Industries reported a 23.23% rise in consolidated net profit to Rs 655.06 crore for the September quarter, driven by stable commodity prices and cost optimization. Revenue from product sales increased by 4% to Rs 4,752.17 crore. The company anticipates progressive normalization of short-term impacts from GST changes, with adjacent bakery categories showing strong double-digit...Read More

McDonald’s saw a sales boost from value offerings like Snack Wraps, but CEO Chris Kempczinski warns economic pressures will persist, impacting lower-income consumers. The company is leaning into discounts, sharing costs with franchisees, to maintain customer traffic amidst inflation and concerns about government aid.Read More

Technology stocks experienced sharp declines, with bourses in Seoul and Tokyo falling significantly from recent peaks. While the selloff appears largely positioning-driven, with recent outperformers taking the brunt, investors are viewing it as a potential breather and rotation rather than a cause for panic.Read More

The Ramco Cements reported a significant three-fold surge in its consolidated net profit to Rs 77.88 crore for the September quarter. Revenue from operations grew 9.52% to Rs 2,238.74 crore, though cement sales volume remained flat. The company plans to reach 30 MTPA cement capacity by March 2026.Read More

Indian stock markets are poised for continued optimism, with analysts anticipating new record highs for Nifty and Sensex by year-end, contingent on supportive global cues and domestic earnings. October saw a significant rally driven by strong corporate results, FII inflows, and easing global yields, though some consolidation is expected due to higher valuations.Read More

Emmvee Photovoltaic Power Ltd is set to launch its IPO on November 11, aiming to raise Rs 2,900 crore. The company plans to use the funds for loan repayment and general corporate needs. This move comes as India’s solar manufacturing capacity sees significant growth. The IPO will conclude on November 13.Read More

Mindspace Business Parks REIT reported a significant 25.8% year-on-year increase in net operating income to Rs 634 crore for the September quarter, driven by strong leasing and stable occupancy. Revenue from operations grew 24.8% to Rs 778 crore, with distribution rising 16.3% to Rs 355 crore, resulting in a DPU of Rs 5.83.Read More

Wall Street’s major indexes saw a subdued open on Wednesday, recovering slightly from a tech-driven selloff fueled by valuation worries. A robust ADP employment report eased concerns about a weakening labor market, with the Dow Jones Industrial Average showing a modest gain, while the S&P 500 experienced a slight dip and the Nasdaq Composite edged...Read More

Saregama, a part of RPSG Group, saw a slight dip in its September quarter performance. Net profit fell 2% year-on-year to Rs 44 crore. Revenue from operations also declined 5% to Rs 230 crore. The company declared an interim dividend of Rs 4.50 per share. Saregama expanded its music portfolio and saw growth in its...Read More