Latest business news
New Delhi [India], June 14 (ANI): Foreign portfolio investors (FPIs) pumped ₹3,346.94 crore into Indian stock markets this week, boosted by positive sentiment after the Reserve Bank of India (RBI) announced a rate cut, according to data from the National Securities Depository Limited (NSDL). The rate cut by the RBI supported investor confidence and led…
Domestic brokerage house Motilal Oswal Financial Services (MOSL) has said that the fourth-quarter earnings season for FY25 concluded on a robust note, with broad-based outperformance across key sectors. In its post-earnings analysis, MOSL pointed out that strong results from metals, oil marketing companies (OMCs), PSU banks, automobile firms, healthcare players, capital goods manufacturers, and technology…
Bilaspur/Koriya (Chhattisgarh) [India], June 8 (ANI): South Eastern Coalfields Limited (SECL) has taken up a major responsibility of becoming net zero by 2030, along with humongous task of meeting energy needs of the country by causing least damage to the environment. SECL is planning to generate 700 megawatt energy through solar and it would be…
Both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), remained net buyers on Friday, June 6, despite the Nifty moving within a tight range near its all-time highs. Foreign Portfolio Investors (FPIs) or FIIs recorded net purchases of ₹1,009 crore, having bought equities worth ₹15,208 crore and sold ₹14,198 crore on Friday, as per…
Vodafone Idea on Friday reported narrowing of its net losses during the fourth quarter of FY25, along with its board of directors approving raising funds of up to ₹20,000 crore. The beleaguered telecom company, Vodafone Idea posted a consolidated net loss of ₹7,166.1 crore during the quarter ended March 2025, down from a loss ₹7,674.6…
Suzlon Energy Q4 results in focus: Suzlon Energy, one of the leading global renewable energy solutions providers, released its March quarter and full-year (FY25) results today, May 29, reporting stellar figures, as the company continues to see a surge in demand for its S144 wind turbine. The company posted a net profit of ₹1,181 crore…
Ola Electric Q4 Results: Two-wheeler electric vehicle (EV) manufacturer Ola Electric on Thursday, May 29, informed that its consolidated net loss for the January-March (Q4) quarter of the financial year 2024-25 more than doubled to ₹870 crore amid a sharp decline in topline. The net loss in the corresponding quarter last year stood at ₹416…
State-run defence PSU Mazagon Dock Shipbuilders reported results for the March quarter after market hours on Thursday, May 29. The numbers for the fourth quarter were dented due to higher expenses. However, the company has surpassed its full-year guidance on the revenue and margins front. For the fourth quarter, Mazagon Dock’s revenue went up by…
Bajaj Auto reported fourth-quarter profit above market estimates on Thursday, as higher motorcycle exports and foreign exchange gains made up for a slump in domestic demand. The company reported a profit of 20.49 billion rupees ($240 million) for the January-March period, compared with analysts’ average estimate of 19.95 billion rupees Bajaj, India’s top auto exporter…
IRCTC Q4 Results: Indian Railway Catering and Tourism Corporation (IRCTC) announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Wednesday, May 28, reporting a rise of 26 per cent in its consolidated net profit at ₹358 crore, compared to ₹284.2 crore in the corresponding period last year. The Indian Railways’ e-ticketing and catering arm…