Shares of online food delivery company Zomato are set to be in focus after the company’s Q2 earnings report revealed a profit miss compared to Street estimates. Despite this, Zomato posted robust growth across key segments, with its profit and revenue significantly improving year-on-year. Profit Soars 389% YoY Zomato’s profit for the second quarter surged
It is that time of the year when precious metals such as gold and silver are hitting new peaks both in demand and pricing…The 24-carat gold rates are now edging close to Rs 80,000 per 10 grams. Diwali and especially Dhanteras sees higher buying sprees amongst consumers in India. Gold prices have been fluctuating week-on-week
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended 50 points or 0.20% up at 24,575 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on
Bengaluru-based social investing platform, StockGro, is gearing up for its international expansion with a soft launch in the UAE during the first week of November, partnering with the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). “The exchanges in UAE have been thin on trade volumes. In partnering with ADX and DFM, our
Coming down hard at futures and options (F&O) traders, Ashwani Bhatia, whole time member of the Securities and Exchange Board of India (SEBI), on Tuesday warned investors against chasing quick returns and turning the high-risk (F&O) trading into a ‘national pastime’. “F&O cannot be a national pastime. We need to do serious investing and investors
An exciting week for markets ahead of Diwali week. Waaree Energies and Deepak Builders & Engineers will be closing their IPOs on October 23. Also, investors will assess the quarterly results from Zomato and Bajaj Finance. Meanwhile, Indian markets ended Tuesday’s trading session on a lower note after rising in the early trading hours. The
The midcap and smallcap stocks came under heavy selling pressure on Tuesday as investors continued to take money out of equities due to concerns over faltering domestic earnings growth, and uncertain global macroeconomic scenario with geopolitical risks and China stimulus measures. Apart from this, concerns that the US Federal Reserve may slow its rate cuts
Nearly two years after issuing a notification, the Securities and Exchange Board of India (SEBI) on Tuesday decided to implement amendments to insider trading norms for asset management companies (AMCs), designated persons, trustees or their immediate relatives from November 1. The regulator has asked AMCs to disclose on a quarterly basis details of the holdings
India’s gig economy is poised for a major leap in 2025, with the hiring of gig workers in the quick commerce sector projected to rise by an unprecedented 60% compared to 2024, according to industry experts. The surge comes as leading e-commerce players like Amazon, Flipkart, and Myntra enter the quick commerce space, while existing
With key economic data releases on the horizon and corporate earnings in focus, investors are actively tracking stock movements across sectors to make informed decisions and navigate market trends. As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open higher on Tuesday, January 7. Here’s a look
Investment by the Union government agencies and the central public sector enterprises (CPSEs) fell 10% on year to Rs 4.41 lakh crore in April-November of the current financial year as Railways and National Highways Authority of India (NHAI) were yet to regain the capex pace after election-induced slowdown. Railways and NHAI’s investments are largely funded
Power transmission developer Sterlite Grid 32 Ltd (SGL32) on Monday announced securing Rs 2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project. The funds for refinancing were raised from the National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL). This is the first
Mumbai-based real estate developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of Rs 4,510 crore, showing 32% YoY growth in Q3FY25. With this, it has achieved pre-sales of Rs 12820 crore in 9mFY25 showing 25% YoY growth. Also ReadJockey India licensee Page Industries appoints Karthik
