Muthoot Finance has announced a significant jump in its net profit for the second quarter of FY25. The company’s net profit surged by over 87 percent. Total income also saw a substantial increase. This strong performance reflects growth in its gold loan assets under management. The company’s financial results indicate a robust period of operation.Read More
Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its cable channels, worrying investors about the outlook for its already declining TV business and pushing its shares down 6%.Read More
Today, Indian markets kicked off on a sluggish note as investors remain alert to signals from the US regarding its economic performance and policy shifts. The opening comes in the wake of President Trump’s approval of a bill that resolved the longest government impasse in history.Read More
National Securities Depository Ltd (NSDL) reported a 15% year-on-year growth in its consolidated net profit for the September-ended quarter, reaching Rs 110 crore. Revenue from operations also saw a 12% increase to Rs 400 crore. The company’s shares are trading 43% above their issue price following these positive financial results.Read More
Apollo Tyres on Thursday reported a 13 per cent year-on-year decline in its consolidated profit after tax to Rs 258 crore in the September quarter, hit by Rs 176 crore provision for its Netherlands-based plant restructuring.Read More
Apparel manufacturer Page Industries Ltd on Thursday reported a marginal decline in its net profit at Rs 194.76 crore in the September quarter.Read More
Singapore Airlines Group on Thursday reported an 82 per cent fall in net profit to 52 million Singapore dollars in the September quarter as Air India losses and lower interest income hurt the bottom line.Read More
Sensex closed almost flat at 84,478, while seven BSE Largecap stocks, including Asian Paints, Vodafone Idea, and Adani Ports, hit 52-week highs, signalling bullish momentum and potential price appreciation.Read More
Hero MotoCorp Q2 Results: India’s largest two-wheeler maker Hero MotoCorp reported 16% year-on-year (YoY) growth in its standalone net profit at Rs 1,393 crore. Revenue from operations too increased 16% YoY to Rs 12,126 crore.Read More
Asian Paints delivered strong Q2 performance with 10.9% volume growth, firm margins and no pricing pressure as raw material costs stayed benign. CEO Amit Syngle says demand was steady across rural and urban markets despite uneven monsoons, while international business grew in constant currency. Auto coatings performed well, kitchen and bath may recover ahead, and...Read More
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