Ark Invest’s Cathie Wood sees potential ‘reality check’ ahead for AI stocks
Cathie Wood expects AI valuations could face a “reality check” as interest rate expectations shift, though she maintains the long-term innovation cycle remains intact.
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Adani Total Gas Q2 net profit falls to ₹164 crore despite 16% growth in CNG and PNG volumes
EBITDA for the quarter was ₹295.1 crore, a decline of 3.5% from ₹305.8 crore in the corresponding quarter last year. The company’s operating margin fell to 18.7% from 23.2% in Q2 FY25. Shares of Adani Total Gas Ltd ended at…
Go Digit Q2 profit rises 30% on higher premium income, improved underwriting
Shares of the company ended at a price of ₹360.70 on the BSE today, 2.3% higher than its last close. The stock has risen 18% so far this year.
MCX trading glitch: Industry experts call for stronger systems, urge swift corrective action
Market experts say the four-and-a-half-hour MCX outage has rattled traders and exposed systemic weaknesses. While the exchange has restored normal operations, the Commodity Participants Association of India plans to meet the management to push for stronger backup systems and faster…
Swan Defence signs exclusive teaming agreement with Mazagon Dock for Indian Navy LPDs
Under the Teaming Agreement, MDL will bring its extensive experience in ship design, project management, and system integration, while SDHI will provide its world-class shipbuilding infrastructure, the largest in the country, for the construction of the vessels.Shares of Mazagon Dock…
Adani Green Q2 profit rises 25% on higher energy sales, margin expansion
At closing, shares of Adani Green Energy were down 1.2% at ₹1,004.55 on the BSE.
Trade Setup for October 29: How long will the Nifty bulls struggle to cross 26,000
The Nifty recovered over 140 points from the intraday low to hold above the 25,900 mark, ending just 29 points lower at 25,936.
Jindal Steel Q2 results largely in-line with estimates; profit declines, revenue up 4%
Jindal Steel and Power Ltd’s Q2 results were broadly in line with estimates, with profit down 26% year-on-year, while revenue rose 4% and margins eased from last year.
Shree Cement Q2 profit nearly triples to ₹277 crore on strong revenue, premium product growth
EBITDA for the quarter was ₹851.8 crore, compared to ₹593 crore a year earlier, marking a 43.5% increase year-on-year. The figure, however, was below the CNBC-TV18 estimate of ₹938 crore. Shares of Shree Cement Ltd ended at ₹28,534.50, down by…
Signature Global raises ₹875 crore via IFC-backed NCD issuance
The NCDs, rated ‘A+’ with a stable outlook by Care Edge Ratings, are listed on the BSE. They carry a coupon of 11% and mature on January 15, 2029, with a tenure of over three years.