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BloombergQuint | Latest and Live Business, Market, Political and Economy News - Economy
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Swiggy Q4 Results Review: HDFC Securities Upgrades The Stock To 'Buy', But Cuts Target Price - Here's Why
Swiggy Ltd.’s food delivery print was largely in line (monthly transacting users at 15.1 million vs our estimate’s 15.2 million, gross revenue up 19.7% at Rs 18.67 billion vs our estimate’s Rs 18.5 billion, adjusted Ebitda at Rs 2.12 billion vs our estimate’s Rs 2.14 billion). However, contextually, quick commerce performance outpaced expectations as despite higher-than-expected customer acquisition (MTU addition at 2.8 million
Indian Defence Stocks Could Compare To US Peers In 20 Years: Equity Intelligence’s Porinju Veliyath
In the next 20 years, some Indian defence stocks could reach a level comparable to their US peers, according to Porinju Veliyath, founder and chief executive officer of Equity Intelligence India. However, in the short term, some of these companies have “gone up too much, beyond a justifiable limit".
India Pakistan News Live: 32 Airports Reopened; DGMOs To Speak Soon, Briefing Scheduled At 2:30 PM
Post the ceasefire announcement, India's Director General Military Operations Lieutenant General Rajeev Ghai and Pakistan's DGMO Major General Kashif Chaudhry are set to hold talks at 2:30 pm to discuss the deal. A media briefing will also be held on Operation Sindoor by Director General of Military Operations Lt. Gen Rajiv Ghai.
Patel Engineering Q4 Results 2025 Soon — All You Need To Know
Patel Engineering Ltd. will announce the results for the fourth quarter and financial year 2024-25 this week. Patel Engineering is an engineering and construction services company that caters to infrastructure requirements, such as the construction of dams, roads, highways, bridges and railways. Founded in 1949, the company is headquartered in Mumbai. Here’s everything you need to know about Patel Engineering’s Q4 and FY25 result announcement.
Garden Reach Shipbuilders Q4 Results: Date, Dividend Details And More
Garden Reach Shipbuilders and Engineers Ltd. (GRSE) is scheduled to announce its financial results for the fourth quarter and the full fiscal ended March 31, 2025, this week. The shipbuilding company confirmed the date of the upcoming earnings release in a stock exchange filing. The Kolkata-based company is a public sector undertaking (PSU), which operates under the Ministry of Defence.
Dalal Street Rallies As India-Pakistan Ceasefire Boosts Investor Sentiment
Indian equity markets surged on Monday morning, buoyed by improved investor sentiment following a significant de-escalation in tensions between India and Pakistan. This development, combined with encouraging signals from the ongoing US-China trade negotiations, lifting the benchmark indices nearly 3%.
Yes Bank Share Price Rises After Sumitomo Mitsui Banking Corp. Acquires Stake
Yes Bank's share price surged over 8% on Monday following the announcement that Japanese financial giant Sumitomo Mitsui Banking Corp. had acquired a 20% stake in the bank. This transaction marks a significant investment in the mid-sized lender, with State Bank of India divesting a 13.19% share for approximately Rs 8,890 crore.
Navin Fluorine Q4 Results Review: ICICI Securities Downgrades The Stock To 'Hold', Cuts Target Price
Navin Fluorine International Ltd.’s business is shaping up well with visible scaling up of pharma contract development manufacturing organisation and multiple latestage contracts in sight. Agro-chemicals’ intermediate capacities are ramping up with new product campaigns rising. Refgas has capacity expansion in clean R-32, and supply contract for HFO. And now, Navin Fluorine is foraying into advance materials with initial capacities of two-phase immersion cooling fluid
Defence Stocks Rally As Mishra Dhatu Nigam Leads; Paras Defence, HAL Outliers
Shares of defence companies, including Mishra Dhatu Nigam Ltd., Cochin Shipyard Ltd., Bharat Forge Ltd. and Mazagon Dock Shipbuilders Ltd., rose in trade on Monday, as India-Pakistan tensions de-escalated. This development follows a ceasefire announcement between India and Pakistan which was confirmed on Saturday, mediated by the US, which had been violated by Pakistan hours within coming into effect.
Rajasthan Board 10th, 12th Results 2025: Check Direct Links To Access Scores
The Rajasthan Board of Secondary Education (RBSE) is preparing to announce the Class 10th and 12th board exam results for 2025, offering students an opportunity to check their performance online. For the 2025 academic year, the RBSE Class 10th exams took place between March 6 and April 4, while the Class 12th exams were held from March 6 to April 7.
Hero MotoCorp Q4 Results 2025: Date, Dividend Details, Earnings Call And More
Hero MotoCorp Ltd. is set to announce its financial results for the fourth quarter and the fiscal ended March 31, 2025, this week. India’s largest two-wheeler manufacturer confirmed both the date of the results and the schedule of its earnings call in a filing with the stock exchanges.
Aurobindo Pharma Gets 'Buy' Upgrade From Motilal Oswal On Attractive Valuations
After a strong FY24, Aurobindo Pharma Ltd. is expected to post a moderate 10% YoY earnings growth in FY25, partly due to: operational losses from the PEN-G product and disrupted production at Eugia III caused by regulatory issues. With the above issues largely behind, we expect Aurobindo Pharma to witness an uptrend in earnings growth, led by-
Ideaforge Share Price Hits Three-Month High As Defence Stocks Extend Gains
Shares of Ideaforge Technology Ltd. rose nearly 8% on Monday hitting three-month high and extended gains for the third consecutive session. This comes as defence stocks extend their gains for the second day. In addition, the shares were trading at a high volume. The shares of the unmanned aerial vehicle manufacturers have risen over 35% in the last three sessions. The rise was driven by expectations of increased focus and spending in light of geopolitical tensions between India and Pakistan.
Jindal Stainless To Invest Rs 40,000 Crore In Maharashtra, Seeks Land Parcel: MD Abhyuday Jindal
Jindal Stainless is 'serious about Maharashtra' and is engaged in discussions with the state government to acquire a land parcel for its proposed Rs 40,000-crore stainless steel manufacturing facility, its MD Abhyuday Jindal said.
REC Aims To Maintain 12% Profit Growth In FY26 After Robust Results
REC Ltd. reported a 12% jump in its standalone net profit in the last financial year and maintaining the same growth rate in the current fiscal will be "good enough", according to Chairperson Jitendra Srivastava. REC's net interest margin saw a slight improvement, rising to 3.63% in FY25 from 3.57% in the previous fiscal. "That means we have been successful in bringing down our cost of capital,” he said. However, he also anticipated "some tightening" in the current fiscal.
Tata Motors Q4 Results 2025: Date, Dividend Details And All You Need To Know
Tata Motors Ltd. is set to announce its financial results for the fourth quarter and the full fiscal year ended March 31, 2025, early next week. The company confirmed the earnings release date in a regulatory filing with the stock exchanges. The Tata Group company is a leading manufacturer of cars, utility vehicles, trucks and buses. The automaker enjoys a dominant position in the commercial vehicle segment in India.
Bank Holiday 2025: Are Banks Open Or Closed On May 12 For Buddha Purnima?
Bank customers across several states should prepare for an extended long weekend, with bank closures from Friday, May 9, to Monday, May 12. This extended break is due to a combination of regional festivals, public holidays and the regular weekend holidays that coincide this week. It’s important to plan any banking needs in advance, as banks will remain closed in nearly 14 states on Monday on account of Buddha Purnima 2025.
India-Pakistan Ceasefire Announced After Operation Sindoor Strikes and Drone Attacks
India and Pakistan agreed to a ceasefire after Operation Sindoor targeted Pakistani military bases and Pakistan launched drone attacks on Indian border cities. The ceasefire followed rising tensions after a terror attack in Jammu and Kashmir.
TVS Motor Expects Two-Wheeler Sales To Sustain Growth Momentum In FY26
The domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has said.
Wonderla Holidays Expects 5–10% Footfall Growth In FY26, Projects 6% Rise In ARPU
Wonderla Holidays Ltd. expects its footfall to grow by at least 5% to 10% in the current financial year as the amusement park chain operator is banking on the opening of new parks, addition of attractions, expansion of capacity and the normalisation of demand. "We are hoping that there will be a 5% to 10% growth in footfall this coming year. One reason for that is the opening of new parks. We are also adding new attractions to our parks at regular intervals," Chittilappilly said.
India-Pakistan News LIVE Updates: No Overnight Activity In Jammu, Rajasthan; Power Restored In Amritsar
After nearly four days of escalation at the borders, including the firing of drones and missiles, India and Pakistan have agreed for truce. On Saturday, the two countries announced a ceasefire. Hours later, the Indian side accused the Pakistani forces of violating the ceasefire. However, the situation has remained calm overnight. US President Donald Trump reiterated his role in achieving the truce, while also claiming he will work with both countries to find a "solution" for Kashmir.
Eight Of Top-10 Most-Valued Firms Saw Combined Rs 1.60 Lakh Crore Erosion In Market Valuation Last Week
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,60,314.48 crore last week, with Reliance Industries taking the biggest hit, in line with a sluggish trend in equities.
Trump Hails Progress After First Day Of US-China Trade Talks
Senior US and Chinese negotiators spent hours behind closed doors in Switzerland on Saturday as they held high-stakes talks that offer the clearest opportunity yet for the two countries to de-escalate their trade war, with President Donald Trump calling it a “very good” meeting.
Donald Trump Praises India, Pakistan Leadership For Ceasefire, Says Will Increase Trade With Both Nations
US President Donald Trump on Sunday praised the 'strong and unwaveringly powerful' leadership of India and Pakistan for reaching a ceasefire, saying their legacy is greatly enhanced by their brave actions.
Amitabh Bachchan Returns To X To Laud 'Operation Sindoor', Says Pahalgam Attack Won't Be Forgotten
Megastar Amitabh Bachchan on early Sunday morning made his social media comeback with a lengthy post on 'Operation Sindoor' by the Indian armed forces in retaliation of the Pahalgam terror attack, after sharing a series of blank posts on his X page and personal blog for weeks.
Bharti Airtel Q4 Results: Date, Dividend News, Earnings Call Schedule And More
Bharti Airtel Ltd. will announce the results for the quarter and financial year ended March 31, 2025, next week. Bharti Airtel is a global telecom company with a footprint across 17 countries in Asia and Africa. It serves over 490 million customers and is among the top three mobile service providers globally. Here’s everything you need to know about Bharti Airtel’s Q4 and FY25 result announcement.
SEBI Proposes More Flexibility For AIFs In Co-Investment And Advisory Services
Markets regulator SEBI on Friday proposed providing flexibility to alternative investment funds to offer co-investment opportunities to investors within the AIF structure. Additionally, it has suggested removing the prohibition on investment managers of AIFs (alternative investment funds) to provide advisory services in listed securities.
Theatres To Remain Operational, Adhering To Government Protocols: PVR INOX
Cinema exhibitor PVR INOX on Friday said its theatres remain operational and is diligently adhering to all government advisories and protocols to ensure safety of its communities while expressing solidarity with the nation in the wake of deepening military confrontation between India and Pakistan.