With the fiscal fourth quarter earnings season all set to kickstart this week, Nuvama Institutional Equities said that earnings weakness persisting during 9MFY25 is likely to streak through Q4FY25 as well. Summarising the key highlights, the brokerage elaborated, “i) Top-line growth for coverage (ex-OMCs) is likely to be subdued (~6 per cent YoY) for a
Smart metering business will help Adani Energy Solutions (AESL) boost its earnings before interest, depreciation and amortisation (Ebitda) said rating agencies and analysts tracking the company. With smart meters, the company can monitor and predict power consumption pattern over micro geographies and hence manage retail distribution better. AESL has a 17% market share in the segment
The global legal industry saw a seismic shift last week, with the partnerships at Herbert Smith Freehills, widely acknowledged as one of the world’s most elite law firms, and top US law firm Kramer Nevin Naftalis & Franklin voting to approve a historic merger. The new entity will have 2,700 lawyers and an estimated $2
The co-founders of Web Werks, Nikhil and Nishant Rathi, have exited the data centre firm by selling their entire stake to US-based Iron Mountain for Rs 1400 crore. The two will continue to retain ownership of their software development business, NeoSOFT, and will scale up their technology and digital services platform, NeoNXT, going forward. Iron
SBI Life has launched a term insurance plan called ‘SBI Life – Smart Shield Plus’, designed for consumer’s evolving insurance needs, the insurer said in a statement. Claiming to have some ‘future-ready features’, the term insurance plan comes with an increasing cover, whole life protection and optional benefits, it said. “This individual, non-linked, non-participating, pure
VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026.The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out of VinFast
Regaal Resources IPO was subscribed 159.88 times on the final day of bidding on August 14. The issue received 335 crore bids for the offered 2.09 crore equity shares. Regaal Resources IPO’s Non-Institutional Investors portion was subscribed 356.73 times, receiving 160 crore bids for 44.9 lakh shares. The issue’s Qualified Institutional Buyer portion was subscribed
In the world of investing, you will probably find only a handful of people who have managed to achieve ‘legend’ status. Warren Buffett is one of them. 94-year-old Buffett, who now has a personal fortune of over $140 billion, transformed investing into an art and discipline. His ideas – which he has shared over the
IKEA has opened its first store in the national capital, a 15,000 sq ft space in west Delhi’s Pacific Mall, as the Swedish home-furnishings giant accelerates its push into high-footfall urban locations. ALSO READFrom Taj to Ginger: Inside Indian Hotels’ Rs 204 crore mid-scale play Part of a wider omnichannel push The move follows the
