Fujiyama Power Systems is set to raise ₹828 crore via IPO to boost solar panel and battery production, aiming to reduce import reliance. The company has shown impressive revenue and profit growth, with expanding EBITDA margins. Despite elevated debt, its valuation appears attractive compared to peers, making it a compelling option for risk-tolerant investors.Read More

Bitcoin faces a major challenge as key institutional investors withdraw support. This retreat follows a difficult October, halting Bitcoin’s recovery. Previously, these large buyers drove the digital currency’s value and legitimacy. Their absence now creates market disengagement, impacting expectations for Bitcoin’s future performance. Investors are observing this shift closely.Read More

Ashok Leyland reported a record consolidated net profit of ₹820 crore in the September quarter, a 7% increase year-on-year, driven by broad-based segment recovery and operational efficiencies. Consolidated revenue also rose 13% to ₹12,577 crore, with the company achieving its 12th consecutive quarter of double-digit Ebitda margin.Read More

Tata Steel reported a significant profit jump in the September quarter. India operations drove strong volume growth. The Netherlands unit saw a sharp rise in operating profit. The company also narrowed losses in its UK operations. Sales increased year-on-year. Earnings before interest, tax, depreciation, and amortisation rose substantially.Read More

Thomas Cook India has reported a net profit of Rs 66.4 crore for the September quarter. Revenue from operations saw a 3.5% rise. The company demonstrated resilience despite global challenges. Forex business and retail sales showed growth. New properties were added by Sterling Holidays. App bookings and Forex by WhatsApp transactions also increased. The company...Read More

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Euro zone governments will need to fine-tune their borrowing due to uncertainties facing their bond markets, but strong demand from foreign investors is helping, debt management officials said on Wednesday.Read More

Wall Street opened higher on Wednesday with the Dow at a record high, as investors cheered a likely end to the longest U.S. government shutdown, while an upbeat earnings outlook from Advanced Micro Devices revived optimism around AI.Read More

Zerodha CEO Nithin Kamath supported Sebi’s warning on digital gold, calling it unregulated and inefficient. He cautioned that buyers lose nearly 6% upfront due to GST and spreads, urging investors to choose gold ETFs for safer exposure instead.Read More

Nifty advanced for a third session, led by IT and auto stocks, confirming its uptrend above the 21EMA. Analysts expect further strength, with potential targets near 26,000. Stock picks for Thursday include CarTrade Tech, CDSL, GE Shipping, LTIMindtree, and Welspun Living.Read More