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PhysicsWallah reported 62% YoY profit growth and 26% revenue rise in Q2, backed by rapid offline expansion, diversified income streams, and improved margins following major cost optimisation and strong post-IPO growth momentum.
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Sensex and Nifty fell up to 1% as broad profit-booking, persistent FII outflows, currency weakness and caution ahead of the Fed decision weighed on sentiment, triggering volatility, technical weakness and widespread declines across sectors and stocks.
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Wall Street’s main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping up to be one of the most divisive in years.
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Berkshire Hathaway announced a shakeup of its top management team on Monday, just weeks before Warren Buffett hands over the reins of the company to Greg Abel.
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Shankar Sharma argues India’s bull market is enabling a massive wealth transfer from small investors to promoters, funds and intermediaries, driven largely by retail losses in F&O trading even as markets hit record highs.
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