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growth in its profitability in the third quarter ended December 2024 even as the annual premium equivalent (APE) is expected to see a decline. Emkay Global estimates a profit growth of 5% YoY to Rs 9908 crore, while APE may witness 19% drop to Rs 10,686 crore.

stock exchange BSE will be in focus on Friday after it posted impressive third-quarter results, with its net profit jumping 104% year-on-year (YoY) to Rs 220 crore. Revenue from operations also saw a robust 108% YoY growth, reaching Rs 773 crore. Profit before tax and exceptional items more than doubled to Rs 268 crore from Rs 127 crore in the same quarter last year.

Subscribe to enjoy similar stories. On awinter evening a few years ago, I joined more than a hundred other parents for a meeting at my daughter’s school. We watched as an English teacher put up a picture of something called the Learning Pit, which looked like a cartoon ditch with a kid at the bottom.

Hollywood’s favorite bombshell Sofía Vergara has found herself at the center of a high-profile romance rumor—but her close friends aren’t thrilled about it. The 52-year-old America’s Got Talent judge has reportedly caught the eye of Formula 1 icon Lewis Hamilton, sparking speculation that the pair might be Hollywood’s next power couple. Budget with ETTax ca

Cochin Shipyard on Thursday reported a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter, compared with Rs 244 crore in the same quarter of last year. Revenue from operations in the same period increased 9% YoY to Rs 1148 crore. The same stood at Rs 1056 crore in the corresponding period of previous year.

Hero MotoCorp on Thursday reported a 12% growth in its December quarter standalone net profit to Rs 1,203 crore versus Rs 1,073 crore reported in the year-ago period. It was higher than the Street's estimates of Rs 1,122 crore. The company announced an interim dividend of Rs 100 per equity share.

Warner Music Group (WMG) has acquired a controlling stake in Tempo Music Investments, an investment platform for premium music rights, from Providence Equity Partners, which will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity.

Shares of Raymond Ltd.(up 1.03 per cent) and DLF Ltd.(up 0.09 per cent) ended the day as top gainers in the pack.

These high-performing stocks that rallied more than 10% during the session included, GSK Pharma(13.77%), Danlaw Technologies(12.08%), Vimta Labs(11.92%), Jainco Projects(11.82%), Nandan Denim (11.76%), Asian Tea Exp(11.62%), Bemco Hydraulic(11.54%), VRL Logistics(11.50%), Royale Manor(10.94%) and Diffusion Engineers(10.84%).

Benchmark NSE Nifty closed 92.96 points down at 23603.35 amid selling in frontline bluechip counters.

Subscribe to enjoy similar stories. The artificial intelligence (AI) landscape is shifting beneath our feet. As Mint reported, India wants to develop its own AI chip.

VRL Logistics surged by as much as 20% on Thursday, hitting the upper circuit limit at Rs 559.50 on the BSE. The logistics company witnessed heavy trading volumes across both exchanges in the early sessions after reporting better-than-expected earnings for the third quarter ended December. This marks the biggest single-day gain for the stock since September 2021, the highest in three-and-a-half years. The rally follows a robust set of financials, with the company reporting a more than fourfold increase in net profit year-on-year (YoY), reaching Rs 59.4 crore in Q3 FY25.

«He has got a team. He cannot just implement. He just cannot go and take over Gaza. It is like mind boggling logistics. He has a team. It has to be implemented. And at that stage, things are very different from what he is saying,» says Atul Suri, Marathon Trends — PMS. So, let us first just I will put the template, that is Atul Suri's template. You get the credit if you get it right. Atul Suri's template is, it is too late to sell. The bull market is not over. The panic and the excesses in the market, I think the time to panic is over and the excesses in the market have normalised. Small and midcap stocks, not everything will go up, but the party is not over. Now, there is one number which everybody is now suddenly started tracking, dollar index. The fascination with dollar index. Every morning we come and say the dollar index upar hai, markets will go down. Is it as simple as one data point which will decide which way flows would move? Dollar goes up, FIIs sell. Dollars come down, FIIs will come back. It cannot be that simple. Atul Suri: It cannot be.

Domestic benchmark index NSE Nifty fell 92.05 points to 23604.25, while the BSE Sensex traded 300.78 points down at 77970.5.

Trump's birthright citizenship executive order is set to hear arguments Thursday over a longer-term pause of the directive, which aims to end citizenship for children born to parents not legally in the country.

Rajat Sharma, Founder & CEO, Sana Securities, says he is looking at beaten down largecaps which have not been performing on account of difficulties they are facing in their sectors. Consumption and banking are the two sectors where he is focusing right now. In FMCG, one such stock is Asian Paints. Sharma has never liked the stock when it was trading at about a 100-105 odd price earnings multiple three-four years back, but right now is a very, very good time to buy this stock. Among banks, he likes HDFC Bank. A rate cut could be very good news for them. It has been quite a cheer in the last one or two weeks, the major event is already through in terms of Union Budget but the RBI policy is on its way. Help us with your reading on the markets as well as the sectors that you like at this point. Rajat Sharma: Both my reading on the markets and the sectors I like have a lot to do with the events, one, which has gone by and the other which you speak about – the monetary policy meet and the Union Budget. I have consistently maintained for the last few weeks that consumption as a sector was extremely undervalued and within consumption, consumer staples, FMCG stocks is what I have liked and with the way the income tax slab rates have been revised, obviously some value will emerge as the volume growth comes back.

Mahendra Kumar Jajoo, Head-Fixed Income, Mirae Asset Investment, says the rupee is currently valued at 87-87.5 which he considers fair value and may reach new lows, aligning with other currencies. Downward pressure is due to selling by foreign institutional investors (FIIs). However, as March approaches, we expect the Reserve Bank to implement measures in its monetary policy to help banks attract more foreign currency deposits, including the FCNR(B) scheme and eased criteria for external commercial borrowing (ECB). Where do you see the rupee headed because it has been weakening further. It touched an all-time low on Wednesday. Mahendra Kumar Jajoo: After the depreciation in the last one month, rupee is now largely in line with the peers in the rest of the global markets. Currencies like Brazilian Real or Mexican Peso have been depreciating by about 15% to 20% in the last one year. Rupee on a year-to-year basis is just down about 5%. So, there was a period in October, November when the rupee was outperforming all the other major currencies and I think that correction has now been done.

Subscribe to enjoy similar stories. Exit polls after Assembly elections were held in Delhi on Wednesday show the Bharatiya Janata Party (BJP) winning power. To be sure, such polls have been way off the mark in recent times and sampling errors in India are common.

stock market downturn. On the contrary, they have trimmed their stakes further since October, continuing their selling spree from most of the earlier part of 2024. Since October 1, when the market began declining, promoters of nearly 120 mid- and small-cap companies have sold shares worth ₹7,000 crore.