Zomato, a leading food delivery and quick commerce platform in India, has recently faced a significant decline in its stock price, dropping over 10% due to disappointing financial results. Swiggy shares also declined 8%, with Zomato’s disappointing earnings rubbing off on its smaller rival. Zomato has attributed the weaker numbers to the increased investments in … Read more
The electronics sector in India is currently experiencing a downturn, with shares of several prominent companies sliding following disappointing financial results from Dixon Technologies. As of January 23, 2025, the ripple effects of these results have been felt across the industry, leading to significant declines in stock prices for various players. This implies that those … Read more
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