Indian government bonds slid on Wednesday, with the benchmark 10-year falling to the lowest in more than three weeks, on lingering disappointment over Indian debt not being added to Bloomberg’s Global Aggregate Index.Read More
State-run Union Bank of India on Wednesday reported a 9.7 per cent increase in consolidated net profit for the December quarter at Rs 5,073 crore, helped by a sharp fall in provisions.Read More
ICICI Prudential AMC posted a robust December quarter with profit rising 45% year-on-year on operating leverage and fee growth. Strong inflows lifted assets under management, while the company announced a Rs 14.85 per share dividend for shareholders.Read More
The benchmark BSE Sensex slipped 245 points, or 0.29%, to end at 83,382.71, while the NSE Nifty 50 fell 66.7 points, or 0.26%, to 25,665.60. The decline marked the seventh loss in eight sessions for both indexes, reflecting fragile investor sentiment despite pockets of sectoral strength.Read More
The rupee pared initial gains and settled for the day 6 paise lower at 90.29 (provisional) against the US dollar on Wednesday, as the likely central bank intervention was negated by a strong dollar, foreign outflows from capital markets, and elevated crude oil prices.Read More
Infosys Q3 Results: India’s second largest IT services company on Wednesday reported a 2% year-on-year (YoY) decline in its consolidated net profit at Rs 6,654 crore in the third quarter, compared with Rs 6,806 crore in the last year quarter.Read More
UBS cut EBITDA estimates for Zomato-owner Eternal and Swiggy as quick commerce competition intensifies, widening discounts and delaying margin recovery. Aggressive pricing by Amazon and Zepto pushes Blinkit breakeven to FY27 and weakens Instamart margins, despite long-term growth prospects ahead.Read More
India’s GDP growth may look strong, but earnings and valuations will drive the markets going ahead. GV Giri, President and Head of Research of IIFL Capital says FY27 could see 16–17% Nifty earnings growth, led by banks, NBFCs and select sectors, even as India remains relatively expensive compared with global peers.Read More
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