MUMBAI, Jan 21 (Reuters) – Indian government bond yields were lower on Tuesday, tracking a fall in U.S. peers after President Donald Trump did not impose major tariffs on his first day in office, indicating a gradual approach to policies. The 10-year bond yield was at 6.7359% as of 10:05 a.m. IST, compared with Monday’s … Read more
On January 21, 2025, shares of L&T Finance Holdings experienced a sharp decline of 3%, closing at ₹140.40 after the company reported a 2% year-on-year (YoY) drop in its profit after tax (PAT) for the third quarter of fiscal year 2025. The net profit for the quarter stood at ₹626.4 crore, down from ₹640 crore … Read more
On January 21, 2025, shares of Vedanta Ltd experienced a notable increase, rising over 1% to ₹465 following a significant upgrade from Fitch Ratings. The global rating agency raised Vedanta Resources Ltd’s (VRL) long-term foreign-currency issuer default rating (IDR) from B- to B+ while simultaneously changing the outlook to stable. The SME IPO of Capital … Read more
Stocks based out of Andhra Pradesh, where the ruling TDP is a key ally in the Centre, saw heightened investor interest after Finance Minister Nirmala Sitharaman announced a Rs 15,000 crore state package in the first Budget of the Modi 3.0 government. Beyond the budget announcements, the bet was also that Andhra CM Chandra Babu … Read more
Commodity derivatives exchange MCX on Monday reported a net profit of Rs 160.04 crore for the quarter ended December 31, as against a net loss of Rs 5.35 crore for the corresponding period a year ago. MCX’s quarterly net profit, however, fell short of analysts’ expectations. According to expert research, the commodity derivatives exchange was … Read more