Vodafone Idea is witnessing steady accumulation by domestic mutual funds and promoter Kumar Mangalam Birla, even as it reports continued losses. Improving revenue, margins and operational metrics signal gradual stabilisation, though profitability and valuations remain key concerns for investors.Read More
Indian markets ended largely flat in a rangebound session. Eicher Motors, Apollo Hospitals, SBI and SJVN rallied on strong earnings, and BHEL declined after a government stake sale announcement.Read More
State-run Bharat Heavy Electricals Limited (BHEL) on Wednesday informed the exchanges about its intent to exercise the oversubscription option after the offer for sale received strong response from non-retail investors.Read More
LG Electronics Q3 Results: Consumer electronics major LG India on Wednesday reported a 61% year-on-year (YoY) decline in its consolidated net profit at Rs 89.7 crore in the third quarter. Revenue from operations too fell 6% YoY to Rs 4114 crore.Read More
The Indian rupee weakened against the dollar, closing down 0.1% at 90.70 due to increased dollar bids from foreign banks. Despite a quiet trading session and mixed corporate interest, overseas demand for dollars pressured the currency. The rupee lagged behind other Asian currencies, which benefited from a broadly weaker dollar.Read More
“The pickup in issuance suggests companies have stopped waiting for borrowing costs to decline and have accepted that yields are unlikely to soften materially in the near term. They are choosing to access the market despite the high rates,” said Venkatakrishnan Srinivasan, founder and managing partner at Rockfort Fincap.Read More
State Bank of India has surpassed TCS to become the fourth-largest listed firm by market capitalisation after a sharp rally driven by strong quarterly earnings. Robust profit growth, stable margins, improving asset quality and bullish brokerage views boosted investor sentiment.Read More
BSE Index Services, an arm of the BSE, on Wednesday announced the launch of two new G-Sec indices, which can be used for running passive strategies such as ETFs (exchange traded funds) and Index Funds.Read More
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