Larsen & Toubro’s Q2 FY25 net profit climbed 16% to Rs 3,926 crore, fueled by a 10% revenue jump to Rs 67,984 crore. The engineering giant secured Rs 1.15 lakh crore in new orders, a 45% surge, across diverse sectors. Brokerages like Morgan Stanley maintain an ‘Overweight’ rating, citing strong growth prospects.Read More
Two-wheeler helmet major Studds Accessories launched its Rs 455.49 crore IPO today, an offer for sale with a price band of Rs 557–585 per share. The company, India’s largest helmet manufacturer, reported steady growth with FY25 income at Rs 595.9 crore and PAT at Rs 69.6 crore.Read More
Google-parent Alphabet surpassed revenue expectations for the third quarter. Its advertising and cloud computing divisions showed strong performance. Google Cloud’s growth was fueled by enterprise demand for AI infrastructure. The company’s advertising business also saw steady gains. This comes as competition in the AI and cloud market intensifies.Read More
The Federal Reserve cut interest rates by a quarter percentage point, but Fed Chair Jerome Powell signaled that a December cut is uncertain, leading the Dow lower and the S&P 500 flat. Nvidia reached a $5 trillion market value, boosting the Nasdaq to a record high, as strong earnings reports generally beat expectations.Read More
Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww’s diversified services offer a buffer against industry regulatory challenges.Read More
The Federal Reserve has again cut interest rates by a quarter percentage point, citing a softening labour market and rising employment risks. Policymakers also announced an end to shrinking their asset portfolio by December 1. While economic growth is described as moderate, inflation remains elevated.Read More
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