SKF India Q3 Results: Net profit declines to ₹62 crore on sharp revenue contraction
Shares of SKF India Ltd ended at ₹1,755.45, down by ₹29.15, or 1.63%, on the BSE.
Uncategorized
RBI clears Asia II Topco XIII to acquire up to 10% stake in Federal Bank
Shares of Federal Bank Ltd ended at ₹287.00, down by ₹0.35, or 0.12%, on the BSE.
Gemini to exit EU, UK, Australia; cuts 25% of workforce as tech stocks slide
Gemini exits EU, UK, Australia, cutting 25% of staff. Tech stocks tumble, Qualcomm down 11%, Alphabet 7%, Hims & Hers rises, gold miners fall 4%.
Hero MotoCorp Q3 profit misses poll, revenue and EBITDA beat estimates; ₹110 dividend declared
The board also approved an additional investment of ₹275 crore in Euler Motors Private Limited. The investment will be made in one or more tranches through a combination of primary infusion and/or secondary purchase.
Stockbrokers’ body urges FM Sitharaman to revoke securities transaction tax hike proposal
ANMI urged Nirmal Sitharaman to revoke the budget STT hike, warning it will double futures trading costs, hurt liquidity, and impact India’s market competitiveness and brokerage revenues.
Big Tech stocks pull Wall Street lower again
Technology stocks led a U.S. market drop as S&P 500 fell 0.9%, Nasdaq 1.6%. Alphabet, Qualcomm, Estee Lauder shares sank. Bitcoin hit a 15-month low. Gold and silver prices tumbled.
UltraTech Cement commissions additional 2.7 MTPA grinding capacity in Aligarh
UltraTech Cement’s total domestic grey cement manufacturing capacity now stands at 191.36 MTPA. Including its overseas capacity of 5.4 MTPA, the company’s total global cement capacity has reached 196.76 MTPA.
SEBI tightens expiry-day margins for single-stock derivatives; calendar spread benefit withdrawn
SEBI has withdrawn calendar spread margin benefits on the expiry day for single-stock derivatives to curb sudden margin shocks, aligning rules with index derivatives and strengthening risk management.
Physicswallah Q3 Results: Net profit up 10% on solid revenue growth
EBITDA for the quarter stood at ₹236.3 crore, up 28.7% YoY. The EBITDA margin came in at 21.8% for the quarter, compared with 22.7% in the year-ago period. Shares of Physicswallah Ltd ended at ₹121.70, down by ₹0.25, or 0.21%,…
Fitch revises Axis Bank outlook to positive, citing stronger sector environment
Fitch revised Axis Bank’s outlook to positive, citing stronger Indian banking conditions, improved asset quality, capital buffers and profitability, while affirming its BB+ rating long-term.