JSW Steel terminates coal block development agreement for Banai and Bhalumuda block
Shares of JSW Steel Ltd ended at ₹996.85, up by ₹6.80, or 0.69% on the BSE.
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Shipping Corporation of India Q2 net profit jumps multi-fold to ₹291 crore
Shares of Shipping Corporation of India Ltd ended at ₹212.40, down by ₹8.85, or 4.00% on the BSE.
Write back of earlier provisions lightens SBI’s wage bill in September quarter
The lower wage bill and increased other income aided SBI to report a 28% rise in net profit, which stood at ₹18,331 crore.
Niva Bupa IPO gets 1.17 times subscription on day two of offer
The category for qualified institutional buyers (QIBs) attracted 1.50 times subscription, while the quota for retail individual investors (RIIs) subscribed 1.34 times. The portion for non-institutional investors fetched 40 per cent subscription.
MapmyIndia Q2 Results | Net profit dips 8% to ₹30 crore, forms JV with Hyundai AutoEver in Indonesia
Shares of CE Info Systems Ltd ended at ₹2,065.00, down by ₹5.80, or 0.28% on the BSE.
India’s forex kitty drops $2.6 billion despite gold reserve surge; RBI to broaden reporting
India’s foreign exchange reserves declined by $2.6 billion to $682.13 billion, driven primarily by a $3.9-billion reduction in foreign currency assets (FCAs).
Metropolis Healthcare reports a profitable Q2, boosted by tier 3 cities
Metropolis Healthcare Q2 Results | The diagnostic service provider reported a 31% YoY surge in net profit at ₹46.5 crore. Shares of Metropolis Healthcare Ltd ended at ₹2,116.95, up by ₹4.35, or 0.21%, on the BSE.
Fortis Healthcare Q2 Results | Revenue rises 12%, net profit up marginally
Fortis Healthcare Q2 Results | The company posted a 1.6% YoY increase in net profit at ₹176.5 crore. EBITDA surged 31.7% to ₹435 crore. The hospital business saw a 13.9% revenue growth. Shares of Fortis Healthcare Ltd ended at ₹620.90,…
Motherson Sumi Q2 Results: Profit dips 3% to ₹152 crore, revenue rises 10%
Shares of Motherson Sumi Wiring India closed at ₹63.9 on the BSE, down 0.79%.
Q2 Jitters: Nearly half of India Inc misses profit estimates so far
Out of 157 companies analysed, only 41% reported results above estimates, while 15% met expectations, as per JM Financial’s report. Urban demand slowdowns and credit cost pressures weighed on sectors, with oil refining and MFI companies seeing the highest misses.