Experts Financial News
16.01 / 16:49
16.01 / 16:49
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Reliance to bring American luxury retailer Saks Fifth Avenue, enters into franchise agreement
Reliance Retail as part of its expansion into the luxury segment is introducing Saks Fifth Avenue, an American luxury department store chain to the Indian market… Its "premium brands business entered into India franchise arrangement for Saks Fifth Avenue," said Reliance Industries in its earning statement on Thursday.
16.01 / 16:49
markets
Digital
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Six Arambai Tenggol suspects and two KCP (PWG) militants arrested in Manipur over abduction, drug trafficking
Guwahati: Six suspected members of Arambai Tenggol, a radical group of majority Meitei, and two active members of the Kangleipak Communist Party (Progressive Wing Group) militant outfit were arrested in Manipur.
16.01 / 15:33
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Bank of Maharashtra achieves 36% profit growth amidst strict underwriting standards
Bank of Maharashtra managing director Nidhu Saxena said that he would not mind compromising growth a bit to maintain high asset quality. «We have stressed upon the quality of advances. However, we are happy that the bank achieved 21% advances growth despite stricter underwriting standards.» The state-owned lender reported a 36% year-on-year rise in net profit at Rs 1406 crore for the December quarter while operating profit rose 14.5% at Rs 2303 crore.
16.01 / 15:33
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FDA bans Red Dye No. 3 – Is your favorite snack on the list? Find out here
US Food and Drug Administration (FDA) has banned the use of Red Dye No. 3 in food, beverages, and ingested medications. The synthetic colourant, also known as erythrosine, has been linked to cancer in animal studies, a connection that has prompted concern from public health advocates for over 30 years. The FDA’s decision follows increasing pressure from health organisations and a petition filed in November 2022 by multiple groups, including the Centre for Science in the Public Interest and the Environmental Working Group.
16.01 / 15:33
16.01 / 15:33
markets
Reuters
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Maritime sources expect Houthis to halt Red Sea attacks after Gaza deal
Maritime security officials said on Thursday they were expecting Yemen's Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas.
16.01 / 13:15
16.01 / 13:15
16.01 / 13:15
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H-1B clash exposes a tough choice for Trump: MAGA or Musk
H-1B is heavily flawed — and has only grown more so since its inception in 1990. It has also cracked open a major schism in the MAGA movement, which has long been defined by President-elect Donald Trump’s opposition to immigration.
16.01 / 11:53
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LTIMindtree Q3 Results: Cons PAT falls 7% YoY to Rs 1,085 crore, revenue rises 7%
LTIMindtree on Thursday reported a 7.1% decline in its consolidated net profit for the quarter ended December 31, 2024, to Rs 1,085 crore versus Rs 1,169 crore posted in the year-ago period. The revenue from operations in Q3FY25 stood at Rs 9,661, witnessing a 7.1% gain over Rs 9,017 crore posted in the same period a year ago. On a sequential basis, the profit after tax (PAT) was down 13.2% versus Rs 1,251 reported in Q2FY25.
16.01 / 11:53
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Stock market update: FMCG stocks up as market rises
Tasty Bite Eatables Ltd.(up 4.16%), Gopal Snacks Ltd.(up 4.03%), Sheetal Cool Products Ltd.(up 3.27%), JHS Svendgaard Laboratories Ltd.(up 2.91%), Euro India Fresh Foods Ltd.(up 2.89%), Varun Beverages Ltd.(up 2.54%), Parag Milk Foods Ltd.(up 2.25%), Godrej Consumer Products Ltd.(up 1.85%), Dangee Dums Ltd.(up 1.75%) and Honasa Consumer Ltd.(up 1.61%) stood among the top gainers.
16.01 / 11:53
16.01 / 11:53
markets
Provident
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Waaree Renewable Q3 Results: Profit dips 16% YoY to Rs 53.50 crore, declares interim dividend
Waaree Renewable Technologies, a leading provider of EPC solutions, on Thursday reported a 16.7% year-on-year (YoY) decline in its net profit to Rs 53.50 crore for the third quarter ending December 2024. The company also declared an interim dividend of Re 1 per share for its shareholders. During the quarter, the company’s net profit attributable fell to Rs 53.50 crore, compared to a profit of Rs 64.25 crore in the previous corresponding quarter last year. Meanwhile, the total income for the quarter saw an increase of 12.4% to Rs 364.12 crore, compared with Rs 324.67 crore in the corresponding quarter of the previous year.
16.01 / 11:53
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Sensex rises! These stocks rallied over 15% on BSE in today's trade
stocks rallied as much as 15% in Mumbai trading on Thursday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, 52 Weeks Entertainment(20.00%), Aeroflex Industries(20.00%), Mahindra EPC(20.00%), Brand Concepts(19.99%), DHP India(19.99%), Silverpoint Infratech(19.94%), G G Automotive Gears(19.78%), Bhartia Bachat(19.52%), Active Clothing Co(16.78%) and Ircon Intl.(16.03%).
16.01 / 11:53
markets
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Govt signs Rs 2,960 crore deal with Bharat Dynamics to make medium-range surface-to air-missiles for Indian Navy
Ministry of Defence (MoD) has signed a significant contract worth Rs 2,960 crore with Bharat Dynamics Limited (BDL) for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) to the Indian Navy. The agreement was formalised in New Delhi on Thursday, with Defence Secretary Rajesh Kumar Singh present during the signing ceremony.
16.01 / 11:39
16.01 / 11:39
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Stock market update: Nifty Realty index 0.67%
Shares of Brigade Enterprises Ltd.(up 3.09 per cent), Godrej Properties Ltd.(up 2.47 per cent), Mahindra Lifespace Developers Ltd.(up 1.56 per cent), DLF Ltd.(up 0.83 per cent) and Prestige Estates Projects Ltd.(up 0.73 per cent) ended the day as top gainers in the pack.
16.01 / 11:39
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Indian Oil seeks sour oil from spot market, trade sources say
Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.
16.01 / 10:51
markets
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Pharmaceuticals
Stock market update: Nifty Pharma index 0.29%
Shares of Biocon Ltd.(up 2.91 per cent), Natco Pharma Ltd.(up 2.01 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.1 per cent), Granules India Ltd.(up 1.1 per cent) and Aurobindo Pharma Ltd.(up 0.77 per cent) ended the day as top gainers in the pack.
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