India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external
Tata Consumer Products shares tumbled almost 10% to an intra-day low of Rs 986.35. The stock fell a day after it reported weak Q2 FY25 earnings numbers. The company reported a net profit of Rs 359.3 crore in the second quarter of FY25 Vs Rs 338 crore posted in the same quarter last fiscal. The company’s revenue
Deepak Builders and Engineers IPO was fully booked within two hours of the launch, which was primarily driven by the retail investors, subscribing the issue 1.7 times. The non-institutional investors booked the issue 0.69 times while the qualitative institutional booked the issue zero times. The company received bids worth Rs 181.92 crore from investors. The
Go to Live UpdatesWaaree Energies ipo Live: The initial public offering (IPO) of Waaree Energies has officially opened for subscription today, featuring a fresh equity sale of Rs 3,600 crore alongside an offer for sale (OFS) of 48 lakh shares. The subscription period will run until October 23. Prior to the opening, the company successfully
Multi Commodity Exchange rose 1.8% to hit a fresh 52-week high of Rs 6,680 a day after the commodity major swung into black. The company reported a net profit of Rs 153.6 crore in the second quarter of the current financial year compared to a loss of Rs 19.1 crore in the same quarter a
By Ajit Mishra The markets remained under pressure for the third consecutive week, losing nearly half a percent as the corrective phase continued. While the benchmark indices initially showed signs of recovery, persistent selling by FIIs and a lackluster start to the earnings season weighed on sentiment, turning the bias negative. A recovery in banking
By Ravi Singh Nifty October futures are currently trading at a 75-point premium. We have seen a decent bounce of around 500 points after making a low of around 24,750 zone. We have seen a further downfall in the FII long ratio which is now at 35%. Furthermore, we have seen a sharp sell-off by
By Subash Gangadharan The daily timeframe indicates that Nifty is now stuck in a range between the 24900-25235 levels for the last one week. A close below this range could see the Nifty moving down towards the 20-week SMA at 24663. The momentum readings like the 14-day RSI are in decline mode which increases the
Adani Energy Solutions (AESL), part of Adani Group, on Friday said it has won a power transmission project in Gujarat. AESL won the project under the tariff-based competitive bidding (TBCB) mechanism and PFC Consulting was the bid process coordinator. The project SPV was formally transferred to AESL on March 20, 2025. This is AESL’s sixth
After multiple quarters of weak sales, quick-service restaurants (QSRs) may see a turnaround in FY26, led by an urban recovery, sector experts and top executives said. The fiscal stimulus measures announced in the recent Budget, focus on value meals and a strategy of not taking price hikes are likely to be contributors to growth in
Engineering and construction major Larsen & Toubro on Friday said it has elevated Subramanian Sarma as deputy managing director and president. He is wholetime director and president, energy now. The company said the elevation will come into effect from April 2, 2025. The board has also decided to extend his term to February 3, 2028
The Indian benchmark indices outperformed their global peers on Friday, recording gains even as most equity markets worldwide traded lower. The Sensex climbed 557.45 points or 0.73% to close at 76,905.51, while the Nifty rose 159.75 points or 0.69%, ending the day at 23,350.40. Both indices recorded gains for the fifth consecutive session. ALSO READFabulous
SEBI whole time member Ananth Narayan on Friday said unregistered investment advisors/research analysts are a “menace” who are cashing in on the rising interest in investments. Since October 2024, SEBI has worked with social media companies to bring down over 70,000 misleading handles/posts, Narayan said at an event organised by the Association of Registered Investment
