Manipal Health Enterprises shares to debut on D-Street today; here’s what GMP signals
Ahead of the IPO opening, Manipal Health raised ₹4,167 crore from 133 anchor investors at the upper end of the price band of ₹590 per share.
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Dow Jones, S&P 500 end at record highs as US-Iran deal hopes sink oil prices, bond yields
The fall in crude oil prices and bond yields on rising hopes of a deal between the US and Iran spurred the US markets higher, with the Dow Jones and S&P 500 gaining for the fourth day in a row…
Sundram Fasteners Q1 profit rises 9% to ₹151 crore; earmarks ₹400 crore capex for expansion
Sundram Fasteners plans to invest ₹400 crore to expand manufacturing capacity and diversify into high-growth sectors including aerospace, wind energy, railways and defence after delivering robust first-quarter growth. The company also highlighted improving export demand, resilient domestic markets and continued…
Kalyan Jewellers Q1 profit jumps 32% as revenue crosses ₹10,500 crore; operating margin narrows
Kalyan Jewellers reported a strong June quarter, with revenue surging 46% and profit rising 32%. While operating earnings also grew, margins narrowed as costs increased faster than revenue.
Paytm block deal worth ₹2,038 crore sees NPS, Axis MF among key buyers; Elevation Capital, SAIF Partners pare stake
One97 Communications saw a ₹2,038 crore block deal. NPS, Axis Mutual Fund, and ICICI Prudential Life Insurance were key buyers. Paytm’s Q1 net profit jumped 79% to ₹220 crore.
Sheela Foam Q1 profit jumps over 8-fold as revenue crosses ₹1,000 crore for first time
Sheela Foam posted record June-quarter revenue, with sales crossing ₹1,000 crore and EBITDA topping ₹100 crore for the first time in a first quarter. Strong growth in mattresses, foam and online sales helped lift profitability.
Sanofi India Q2 profit rises 20% as diabetes drugs drive growth, margins improve
Sanofi India posted a strong June-quarter performance, with profit rising 20% as its diabetes portfolio continued to deliver double-digit growth. Higher operating efficiency also helped expand margins despite single-digit revenue growth.
PNB Housing Finance Q1 profit rises 5% as home loan growth lifts interest income
PNB Housing Finance posted steady June-quarter earnings as higher interest income from its lending business lifted profit. While bad loans edged up slightly from the previous quarter, asset quality remained below the 1% mark and improved from a year ago.
ONGC Q1 Results: Maharatna PSU beats estimates as new well gas lifts profit, margin
ONGC reported a June quarter that comfortably beat Street expectations, helped by stronger realisations from premium-priced new well gas. The state-run explorer also reaffirmed its long-term production strategy with a ₹40,000 crore offshore investment programme.
FIIs buy ₹2,446 crore in Indian stocks, but domestic selling and FMCG weakness drag markets lower
Despite ₹2,446 crore of FII buying, Indian markets slipped on Tuesday as domestic selling and weakness in FMCG stocks weighed on sentiment. The Sensex and Nifty recovered sharply in the final hour.