Sterling and Wilson Renewable Energy reported a 143% jump in Q4 net profit to Rs 135 crore, but revenue declined 23% year-on-year to Rs 1,946 crore, indicating improved profitability despite lower sales.Read More
Aditya Birla Sun Life AMC reported an 18% year-on-year decline in Q4 profit, even as revenue saw modest growth. The company announced a Rs 25.50 dividend per share. Despite weak earnings and higher expenses, the stock gained nearly 6%, supported by investor sentiment and stable AUM performance.Read More
Maharashtra is preparing an IPO for its power distribution arm MSEDCL, aiming to raise $500 million to $1 billion. The move, supported by balance sheet restructuring and business separation, could mark a rare listing in the sector and test reforms in India’s loss-making electricity distribution industry amid improving financial performance.Read More
The ongoing US-Iran conflict has roiled global markets, but a few traders have made outsized gains by placing timely bets in stocks, oil futures, and betting platforms just before key announcements. At least six such instances have raised concerns over possible insider trading, as these trades occurred minutes before major decisions became public.Read More
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