Logistics startup Delhivery reported a second consecutive quarter of profit in Q2 at Rs 10 crore, compared to a loss of Rs 103 crore a year ago. Revenue grew 13% y-o y to Rs 2,190 crore, compared to Rs 1,942 crore. The company’s Ebitda rose to Rs 57 crore in Q2, compared to an Ebitda
The Union mines ministry is likely to begin the auction of offshore mineral blocks in the next two or three months with 10 such blocks to be put under the hammer in the first phase, coal and mines minister G Kishan Reddy said on Thursday. “The government plans to auction offshore mineral blocks in two
Union minister for petroleum and natural gas Hardeep Singh Puri on Thursday said that with more oil coming to the market and easing of geopolitical tensions, the global oil market situation will calm. He noted that major oil consuming countries including India are not likely to face any shortfall of oil supply on account of
Maruti Suzuki has disrupted the compact sedan segment with the all-new fourth-generation Dzire. The nameplate is synonymous with success in the Indian market, the Dzire has long been the top-selling sedan across all categories. The new model not only introduces a host of segment-first features but also stands as the safest sedan in its class.
BMW has launched an updated version of one of its most popular performance cars— the M340i. Sitting on top of the 3-Series range, just below the full-fledged race-spec M3, the M340i is the ideal combination of performance and luxury. Priced at Rs 74.90 lakh (ex-showroom), BMW claims to have sold more than 1,000 units of
8th Pay commission News: As the 7th Pay Commission is about to complete 9 years and enter the final phase of its tenure (as past Pay Commissions have typically lasted 10 years), there is a lot of buzz surrounding the formation of the 8th Pay Commission. Around 1.2 crore central government employees and pensioners are
Shares of Jio Financial Services and Zomato ended with major gains on Thursday in anticipation of their entry in the Nifty 50 after the National Stock Exchange (NSE) announced the launch of derivatives contracts on the stocks. Jio Financial Services was the biggest gainer among Nifty 100 companies as it ended the day 6.8% higher
KTM, after much debate online over the last few days, has finally launched its range of big bikes in India, which includes the range-topping KTM 1390 Super Duke R to the 1290 Adventure S and the potent 890 Adventure R. In total, KTM has launched 10 motorcycles, which are all new for India. KTM big
When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and
With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite
OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy
Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company
Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The
