Latest business news
Life Insurance Corp. of India Ltd (LIC) stock jumped over 7% on Wednesday to ₹936 despite its dull March quarter (Q4FY25) results. Perhaps, the Street’s focus shifted to the cheap valuation of the stock that trades at a price-to-earnings multiple of 12x, as per Bloomberg consensus FY26 estimates. LIC’s Q4 performance was far from inspiring….
Expert view on markets: Harshad Borawake, the head of research and fund manager at Mirae Asset Investment Managers (India), says amid current volatility in the Indian stock market, one should stick to the diversified asset allocation and continue to invest through regular investment plans like SIPs. In an interview with Mint, Borawake shared his views…
From electrification and track doubling to station revamps and even metro rail expansions, RVNL is quietly doing the heavy lifting for the Indian Railway’s future. But here’s the real question: Is RVNL just riding the PSU hype train, or does it genuinely have the steam to compound wealth long-term? In this piece, we decode the…
Aegis Vopak Terminals, India’s largest tank terminal operator, on Monday launched its ₹2,800-crore initial public offering (IPO), marking a key capital markets debut for a company central to India’s liquid and gas storage infrastructure. Formed in May 2022 as a joint venture between Aegis Logistics and Vopak India BV, a unit of global major Royal…
(Bloomberg) — Alibaba Group Holding Ltd. Chairman Joe Tsai said Asian companies can look to inter-Asia opportunities and the European market for growth as tensions between Washington and Beijing persist. Tsai also implicitly criticized the administration of US President Donald Trump’s trade war during a tech conference in Macau on Saturday, saying “some governments try…
National Aluminium Company Ltd (Nalco) delivered a knockout performance in FY25, but the metals major now finds itself staring at storm clouds in FY26 as aluminium prices soften and project delays weigh on future capacity. Nalco reported consolidated Ebitda (earnings before interest, taxes, depreciation, and amortization) of ₹2,755 crore in Q4FY25, a 150% year-on-year rise,…
Bharti Airtel Ltd’s average revenue per user (Arpu) for the March quarter (Q4FY25) was flat sequentially at ₹245, but management clarified it would have been ₹248 had it not been for two fewer days in the quarter. It sees future Arpu growth coming from tariff hikes for higher-end subscribers, who use more data, while the…
The IPO-bound Tata Capital on Wednesday reported a 31 per cent year-on-year surge in its consolidated profit after tax (PAT) to ₹1,000 crore for three months ended March 2025. The company logged a profit after tax of ₹765 crore in the year-ago period. Total revenues from operations rose nearly 50 per cent to ₹7,478 crore…
Britannia Industries Ltd’s consolidated revenue growth of 9% year-on-year in the March quarter (Q4FY25) to ₹4,432 crore was primarily led by higher price realisation, given that volume growth was tepid at about 3%. The biscuit maker did not see any additional volume boost from the Mahakumbh mela in the quarter. It’s worth noting that Britannia’s…
Stocks to buy: Swiggy and Eternal (formerly known as Zomato), the country’s two leading food delivery companies, have announced their March quarter results (Q4FY25). Both companies’ profitability was hit by rising expenses in the quick commerce segment, where they are focused on accelerating store count, offering discounts, and subsidising delivery in a bid to gain…