Surbhi Rajpoot 
The primary market is to be back in action with nine new initial public offerings (IPO) set to open for subscription next week. Apart from new public issues, the market will also witness six new listings in the upcoming week. What Is An IPO? An IPO, or Initial Public Offering, is the process by which … Read more
On Monday, February 10, the share of the Mahanagar Telephone Nigam Limited (MTNL) rose 10.3% to reach Rs 57.56, their day’s high on the BSE following the Union Cabinet approving additional Rs 6,000 crore funding for the Bharat Sanchar Nigam Limited (BSNL) towards its 4G venture. This will be in a bid to fund the … Read more
The twenty-two LIC’s proposed private life insurance players have increased by 17 percent to ₹ 11,056 crore in the October-December quarter for the fiscal 2024-25 (Q3FY25) against ₹ ₹ 9,444.42 crore during the same period in the previous year. The increase in the net profit of the largest state-run insurer in India was due to … Read more
Tom Robbins, the author celebrated for his whimsical and counter-cultural novels such as Even Cowgirls Get the Blues and Jitterbug Perfume, died on Sunday, February 9, 2025, at the age of 92. His son Fleetwood confirmed the death but did not cite a cause. Alongside works by Carlos Castaneda, Richard Brautigan, and Kurt Vonnegut, Tom … Read more
Bruce French, a prolific character actor best known for his role as Father Lonigan on the NBC daytime drama Passions, has died at the age of 79. French died on Friday, February 7, 2025, in Los Angeles, California, due to complications from Alzheimer’s disease. His wife of 34 years, Eileen Barnett, confirmed the news. What … Read more
The multinational technology conglomerate and Google’s holding company, Alphabet Inc., shares have lost 5 percent this week, wiping off nearly $200 billion in market capitalization, according to stock market data. As of February 7, Alphabet’s market capitalization stands at $2.35 trillion, compared to $2.5 trillion on February 1, according to data collected from Companymarketcap. Shares … Read more
Firstsource Solutions announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Friday, February 7, 2025, reporting a rise of 24.5 percent in consolidated net profit to ₹160.3 crores, compared to ₹128.7 crore in the corresponding period last year. The RP-Sanjiv Goenka-Group company’s revenue from operations rose 31 percent in the third quarter of the … Read more
State-owned energy major Oil India Ltd said on a later working day, Februray 7 that its second interim dividend is ₹7 per equity share for the financial year 2024-25 as per the filing. Declaring 2nd Interim of Rs 7 per share or 70% of the paid-up capital for the year 2024-25. “The second lnterim Dividend … Read more
NHPC declared its numbers for the third quarter of the financial year 2024-25 on February 7 in the fiscal year 2025, showing that net profit had plunged to ₹231 crore, which is 52.5 percent down from ₹486.7 crore over the same period of the previous year because of an increase in the overall expenditure. The … Read more
On Friday, February 7, 2025, Amazon.com stock prices plunged four percent after investors lost confidence in the technology giant’s cloud computing revenue figures, which came up short of expectations regarding their AI investment return. Amazon’s market value decreased by $100 billion during the Friday share market decline. Amazon demonstrated earnings higher than analyst predictions during … Read more