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Sharechat on Tuesday said its adjusted EBITDA losses fell by 67 per cent year-on-year to Rs 793 crore in FY24, amid 33 per cent growth in revenue. The company further said it is on track for a cash breakeven by March 2025. With improved financial metrics, the company expects to start investing back into growth and is on «active» lookout for inorganic opportunities through acquisitions. Organic growth will happen through the expansion of the user base and increasing revenue per user. Sharechat has social media brands such as Sharechat app and Moj under its portfolio. While the company is sufficiently capitalised for now, it is looking at «adding more people to cap table ahead of preparations for IPO journey». It is eyeing timelines of 18-24 months for a possible IPO, depending on market conditions.

Subscribe to enjoy similar stories. MUMBAI : Smart-beta funds track alternative indices that are variations of regular market indices like the Nifty 50, Nifty 200, or the Nifty 500. These indices are designed to follow specific investment factors such as value, momentum, low volatility, or quality.

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HDFC Securities has a buy call on BEML Ltd. with a target price of Rs 4155 (base value) and Rs 4397 (fair value). The current market price of BEML is Rs 3982.35 Time period given by analyst is 6-9 months when BEML Ltd. price can reach the defined target. BEML, incorporated in 1964, is a Mid Cap company with a market cap of Rs 16,524.54 crore, operating in the Engineering sector. Financials

Subscribe to enjoy similar stories. The Indian stock market is abuzz with optimism thanks to several encouraging factors. The recent victory of the Bharatiya Janata Party (BJP) in Maharashtra has sparked celebrations on Dalal Street, with the Nifty50 surging by more than 350 points on a Monday morning at 24,250.

Mick Mulvaney remarked that Elon Musk might find ‘going to Mars is easier’ than reforming the federal budget. According to Business Insider, Elon Musk, who has been appointed as the co-leader of the newly established Department of Government Efficiency (DOGE) alongside Vivek Ramaswamy eventually aims to streamline government operations by reducing the federal workforce and eliminating wasteful expenditures. Also Read: What will Kamala Harris' next move be after she vacates the White House? Here are some options she may be pondering

More shoppers are using ‘buy now, pay later’ plans heading into Black Friday and the holiday season, as the ability to spread out payments looks attractive at a time when Americans still feel the lingering effect of inflation and already have record-hi...

Subscribe to enjoy similar stories. Crompton Greaves Consumer Electricals Ltd’s shares have gained 9% since its September quarter results (Q2FY25) were released around mid-November. Consolidated gross margin expanded year-on-year, pushing Ebitda growth to 16.5%, ahead of 6% revenue growth.

Navneet Munot, MD & CEO, HDFC AMC, says in the journey of Sensex from 1,000 to 75,000, we have seen many corrections and a bit of volatility is healthy for the market. Foreigners have lightened their positions and maybe as the results season kick in, maybe after a quarter or so, and people get more faith on the earnings for, let us say, FY26, FY27, FY28, coming back on track. Munot is pretty sure that investors would come back and India will always have some premium. One cannot compare other countries with a lower capital efficiency. India’s capital efficiency has been better, growth prospects have been better and the governance standards are better, and one has to pay some premium for that. What is the total AMC size right now, the AUM? Navneet Munot: It is over Rs 7.5 lakh crore. We have come a long way…

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

Subscribe to enjoy similar stories. Federal and state governments have been trying to persuade Americans to buy battery-electric vehicles using mandates and taxpayer-financed incentives. These policies aren’t working, and the sale of EVs has stalled.

Chennai Super Kings have resigned Rachin Ravindra for Rs 4 crore in the in the IPL 2025 auction on Sunday at Jeddah. The New Zealand all-rounder was first bought by Punjab Kings for Rs 3.2 crore, but CSK used the RTM and the bid was increased to Rs 4 crore to which CSK agreed.

Here are 5 things to track for stock market investors post BJP-led alliance's big win

Canada Post said Saturday there’s been no “major breakthrough” in talks with the postal workers’ union as the ongoing strike entered its second week and the two sides remain far apart at the negotiating table.Canada Post and the Canadian Union of Postal Workers (CUPW) kept negotiating over the weekend, along with the support of a special mediator.Jon Hamilton, Canada Post’s vice-president of strategic communications, told Global News the struggling company wants to reach a fair deal with the union that addresses their needs, but said fully meeting all the CUPW’s demands could limit its ability to grow its business.“Obviously, we want to continue to ensure that we have good paying jobs for our people, but there’s only so far we can go,” Hamilton said.The Crown corporation said Friday it lost $315 million before tax in the third quarter, larger than its $290-million loss a year earlier.The financial results put Canada Post on track for “another significant loss” in 2024, which would mark the seventh year in a row in the red.CUPW national president Jan Simpson told Global News that although “morale is up” among picketing postal workers, some layoffs and benefit cancellations have begun as the company tries to save its bottom line.“You can’t expect to negotiate a contract and save your company on the backs of workers,” she said in an interview.“We went to the bargaining table over a year ago with them. … This could have been done a long time ago.”Canada Post said Saturday it has seen a shortage of more than eight million parcels amid the ongoing strike compared with the same period in 2023.More than 55,000 workers across the country walked off the job on Nov.

Signature Global, which has reported pre-sales of Rs 5,900 crore in H1FY25, is on track to achieve the guidance of Rs 10,000 crore for the full year as residential real estate continues to do well.

Rachin Ravindra, the rising star from New Zealand, has emerged as one of the most talked-about overseas players ahead of the IPL 2025 mega auction. Following his stellar performances in the 2023 ODI World Cup and his recent exploits in the India series, Ravindra has become a highly sought-after name among franchises.

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value this year and is up about 45% in the two weeks since Trump's sweeping election victory, which has also seen a slew of pro-crypto lawmakers being elected to Congress.

Adani Group's gross assets swelled by ₹75,277 crore in the first half of this fiscal year as the diversified conglomerate accelerated capital spending across projects, said people close to the matter. Gross assets are on track to reach a record ₹1.2 lakh crore by March-end, the people said. The surge in assets sparked a 7% or ₹16,882 crore increase in gross debt in the fiscal first half to ₹2,58,276 crore. The group's liquidity to service debt has fallen to 28 months as of September-end, from more than 30 months at the end of March. The Ahmedabad-based conglomerate has been battling turmoil over the past two days with promoter Gautam Adani, his nephew Sagar Adani, along with six others indicted by the US Department of Justice. The charges include securities and wire fraud, alleging the group lied to US investors about its anti-bribery practices while engaging in widespread corruption.

Black Friday deals. Enjoy these early Black Friday discounts, which include AirPods Pro for $60 off and a MacBook Air for $300 off, as quoted in a report. Amazon's early Black Friday sales are booming, and this time around, some of the greatest Apple offers one has seen in a while. You don't have to wait to shop because these are currently live. Many of your favourite Apple staples are available for as little as $24 right now. Some Apple favourites have reached new all-time low prices, such as the 256GB 9th generation iPad, which is $149 off. The iPad Air is also at a record low at $100 off.

Subscribe to enjoy similar stories. Unilever said it will put India at the center of its new business strategy as it aims to benefit from increasing consumption in one of the world’s fastest-growing economies. In an event with investors, Chief Executive Hein Schumacher on Friday said India is the best opportunity for Unilever over the next couple of years and will be the key for all its group businesses.