Britannia Industries reported a 23.23% rise in consolidated net profit to Rs 655.06 crore for the September quarter, driven by stable commodity prices and cost optimization. Revenue from product sales increased by 4% to Rs 4,752.17 crore. The company anticipates progressive normalization of short-term impacts from GST changes, with adjacent bakery categories showing strong double-digit...Read More

Indian markets were closed for a holiday on Wednesday. On Tuesday, the Sensex and Nifty closed lower, extending their losing streak due to sharp cuts in IT, auto, and metal stocks. Investor sentiment remained subdued amid FII selling and rising US bond yields, though India’s economic fundamentals remain resilient.Read More

Indian stock markets are poised for continued optimism, with analysts anticipating new record highs for Nifty and Sensex by year-end, contingent on supportive global cues and domestic earnings. October saw a significant rally driven by strong corporate results, FII inflows, and easing global yields, though some consolidation is expected due to higher valuations.Read More

The Ramco Cements reported a significant three-fold surge in its consolidated net profit to Rs 77.88 crore for the September quarter. Revenue from operations grew 9.52% to Rs 2,238.74 crore, though cement sales volume remained flat. The company plans to reach 30 MTPA cement capacity by March 2026.Read More

Saregama, a part of RPSG Group, saw a slight dip in its September quarter performance. Net profit fell 2% year-on-year to Rs 44 crore. Revenue from operations also declined 5% to Rs 230 crore. The company declared an interim dividend of Rs 4.50 per share. Saregama expanded its music portfolio and saw growth in its...Read More

Wall Street’s major indexes saw a subdued open on Wednesday, recovering slightly from a tech-driven selloff fueled by valuation worries. A robust ADP employment report eased concerns about a weakening labor market, with the Dow Jones Industrial Average showing a modest gain, while the S&P 500 experienced a slight dip and the Nasdaq Composite edged...Read More

Mindspace Business Parks REIT reported a significant 25.8% year-on-year increase in net operating income to Rs 634 crore for the September quarter, driven by strong leasing and stable occupancy. Revenue from operations grew 24.8% to Rs 778 crore, with distribution rising 16.3% to Rs 355 crore, resulting in a DPU of Rs 5.83.Read More

Emmvee Photovoltaic Power Ltd is set to launch its IPO on November 11, aiming to raise Rs 2,900 crore. The company plans to use the funds for loan repayment and general corporate needs. This move comes as India’s solar manufacturing capacity sees significant growth. The IPO will conclude on November 13.Read More

Emirates NBD Bank plans to acquire a significant stake in RBL Bank. An open offer at Rs 280 per share will commence from December 12. This deal marks a major foreign investment in India’s banking sector. The transaction aims to boost RBL Bank’s growth capital and digital capabilities. RBL Bank will seek government approval for...Read More

Kennametal India Ltd. reported a significant 28.8% year-on-year increase in profit before tax to Rs 434 crore for its September quarter. This growth was fueled by rising market demand and a strong focus on operational efficiency, with revenue climbing 9.5% to Rs 2,960 crore. The company’s hard metal and machining solutions segments were key drivers...Read More