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Indian Energy Exchange posted an 11% YoY rise in consolidated Q3 profit to Rs 119 crore, driven by stronger revenue and higher trading volumes. The company declared a Rs 1.50 interim dividend. Revenue grew 14% YoY to Rs 183 crore, while power prices softened and IGX reported steady growth in gas-trading volumes.
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Piramal Pharma swung to a Rs 136 crore Q3 loss as revenue fell 3%, hit by CDMO destocking, weak US biopharma funding, trade uncertainty and regulatory delays. Management sees recovery signs, cost controls cushioning EBITDA, and expects a stronger Q4.
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Mahindra Holidays and Resorts India reported a ‍94% plunge in third-quarter ​profit on Thursday, dragged by a one-time ⁠charge following the roll-out of India’s new labour codes and slower membership growth.
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India’s Deepak Fertilisers and Petrochemicals reported a ‍43.6% fall in ​third-quarter profit on Thursday, as softer agrochemicals ⁠demand and rising input costs squeezed margins.
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Tata Motors (CV) Q3 Results: Tata Motors Limited (TMCV) reported a 48% decline in its December quarter consolidated net profit at Rs 705 crore compared to Rs 1,355 crore reported in the year ago period.
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India’s Chief Economic Adviser V Anantha Nageswaran on Thursday delivered a sharp warning on financial markets, saying years of ultra-loose monetary policy have resulted in stretched asset valuations, rising concentration risks, and a growing reliance on less regulated sources of capital.
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The Indian rupee hit ‍a record low against the dollar ​on Thursday, pressured by dollar demand linked to the maturity ⁠of non-deliverable forward positions and corporate hedging, while the central bank likely intervened to hold it above the psychologically significant 92 level.
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Indian markets reversed early losses to end higher on Thursday, with the Sensex and Nifty rebounding after a sharp morning selloff. Gains were supported by an upbeat economic survey and firm global cues, even as elevated crude, record gold prices and U.S.–Iran tensions kept investors cautious ahead of the Union Budget.
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India’s gold jewellery demand by volume fell sharply in 2025 as record prices curbed buying, with consumption dropping 24% year-on-year to 430.5 tonnes, according to the World Gold Council. However, higher prices pushed the value of India’s jewellery demand to a record $49 billion.
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Vedanta Q3 Results: Consolidated revenue rose 37% YoY to Rs 23,369 crore, driven by higher LME prices, improved volumes, stronger premiums, and forex gains.
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