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29.01 / 16:05
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Tamilnad Mercantile Bank Q3 Results: Profit rises 6% to Rs 300 crore
Tamilnad Mercantile Bank reported a 6% rise in third quarter net profit at Rs 300 crore against Rs 284 crore in the year ago quarter. Operating profit was 10% higher at Rs 408 crore against Rs 370 crore, buoyed by 20% expansion in non interest income at Rs 189 crore.
29.01 / 15:35
29.01 / 14:55
29.01 / 14:35
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National Critical Mineral Mission, higher ethanol procurement price get cabinet nod
Subscribe to enjoy similar stories. New Delhi: The Union cabinet on Wednesday approved a national critical mineral mission with an outlay of ₹34,300 crore to boost India's supply chain in the key sector and achieve self-reliance The cabinet also approved an increase in the price of ethanol procured by state-run oil marketing companies (OMCs) for blending with petrol.
29.01 / 11:35
COST
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shock
JSW Energy gets a shock from short-term power pain
Subscribe to enjoy similar stories. JSW Energy Ltd’s stock fell by over 6% on Wednesday after its December-quarter results came as a big disappointment even as power generation by the company shot up 10% year-on-year to 6.8 billion units. JSW Energy’s consolidated Ebitda fell as much as 18% year-on-year to ₹914 crore, with its margin slipping to 37.5% from 43.7% a year ago.
29.01 / 11:19
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rights
Tata Motors Q3 Results: Profit falls 22% YoY to Rs 5,451 crore, misses estimates
Tata Motors' third-quarter profit missed the Street estimates by a wide margin as the bottom line fell 22% YoY to Rs 5,451 crore. The profit was way below the ET Now poll estimates of Rs 6,791 crore.
29.01 / 11:19
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Stock market update: Mining stocks up as market rises
Gujarat Mineral Development Corporation Ltd.(up 13.01%), MOIL Ltd.(up 4.84%), The Orissa Minerals Development Company Ltd.(up 3.42%), KIOCL Ltd.(up 3.41%), Aro Granite Industries Ltd.(up 3.15%), NMDC Ltd.(up 2.93%), Pokarna Ltd.(up 2.89%), Ashapura Minechem Ltd.(up 2.58%), Coal India Ltd.(up 2.38%) and Sandur Manganese & Iron Ores Ltd.(up 1.45%) stood among the top gainers.
29.01 / 11:19
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rights
Indian Bank Q3 net profit surges 35 pc to Rs 2,852 cr
Indian Bank on Wednesday reported a 35 per cent increase in net profit at Rs 2,852 crore for the third quarter ended December 2024, helped by core income. The Chennai-based bank had earned a net profit of Rs 2,119 crore in the same quarter a year ago. Its total income increased to Rs 17,912 crore from Rs 16,099 crore a year ago, Indian Bank said in a regulatory filing.
29.01 / 11:19
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Healthcare
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blues
Sensex rises! These stocks rallied over 15% on BSE in today's trade
stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, Syrma SGS Technology(19.99%), Ami Organics(19.99%), Inox Wind Ltd.(19.79%), Gala Global Prod(18.83%), KIFS Financial(17.28%), Chemfab Alkalis(17.21%), Indo Farm Equipment(16.81%), DIC India Ltd(15.98%), Deepak Fertilisers(15.91%) and Ramgopal Poly(15.63%).
29.01 / 11:19
UPS
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Food
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Tata Consumer Q3 preview: Topline to grow by up to 17% YoY. Tea business may hit profitability
Tata Consumer Products is expected to report a double-digit growth in its topline for the quarter ended December 31, 2024 led by strong domestic business, as per three top brokerages. The revenue from operations in the reporting quarter is seen to grow by 15-17% according to estimates by three brokerages. Meanwhile, the company's profitability is expected to take a hit on the back of a sharp spike in tea prices.
29.01 / 11:19
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Stock market update: Nifty Auto index advances 1.45%
Shares of TVS Motor Company Ltd.(up 5.53 per cent), Tata Motors Ltd.(up 3.33 per cent), Exide Industries Ltd.(up 2.84 per cent), Bajaj Auto Ltd.(up 2.71 per cent) and Samvardhana Motherson International Ltd.(up 2.21 per cent) ended the day as top gainers in the pack.
29.01 / 11:09
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Platform
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AJ Bell Investments AUM rises 38% as platform business hits £89.5bn AUA
In its quarterly trading update today (29 January), the firm reported a 3% increase in AUA, aided by £1.4bn in net inflows over the last three months of 2024, up from £1.3bn in the same period a year prior. Favourable market movements also contributed around 2% of opening AUA, it noted. Additionally, AJ Bell Investments closed the year with a 38% increase in assets under management to £7.2bn, marking a 6% rise for the quarter. AJ Bell launches £30m share buyback scheme as revenue surges 23% Net inflows into the investment division stood at around £400m for the last quarter of 20...
29.01 / 10:29
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Relationships
After talking tough during campaign, Trump appears to ease up on China
On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term
29.01 / 10:25
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Balrampur Chini, Dhampur Sugar and other sugar stocks rally up to 11% as govt approves ethanol price hike
Balrampur Chini Mills and Dhampur Sugar Mills, soared up to 11% on Wednesday following the government's approval of a price hike for ethanol, a key byproduct of sugar production. Balrampur Chini Mills saw a rise of 5.3%, reaching Rs 504.95 on the BSE, while Dhampur Sugar Mills surged nearly 11%, climbing to Rs 157.9. Shree Renuka Sugars also gained 7.3% to Rs 38.40. Other sugar stocks also saw notable gains, including Bannari Amman Spinning Mills, which climbed 4% to Rs 43, while Uttam Sugar Mills, Dalmia Bharat, and EID Parry India also saw increases, with gains of 6.13%, 2.97%, and 4.05%, respectively.
29.01 / 09:39
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performer
KPIT Technologies shares skyrocket 11% on announcing Q3 results, dividend
Shares of KPIT Technologies shot up by 11.4% to their day’s high of Rs 1,404.65 on the BSE after reporting impressive financial results for the third quarter for FY25 and announcing an interim dividend of Rs 2.50 per share. Here are further details:
29.01 / 08:51
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economy
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social
V. Anantha Nageswaran: The Economic Survey is about raising the game for a new playing field
Subscribe to enjoy similar stories. This is my third offering of the Economic Survey, a comprehensive compilation of information and perspectives on the state of the Indian economy. It delves into issues that warrant focused and continued attention, providing insight and analysis crucial to understanding India’s economic landscape.
29.01 / 07:43
29.01 / 07:07
UPS
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hospital
ITC Hotels shares fall 5% after listing. Should you buy, sell or hold?
ITC Ltd to unlock value for 37 lakh shareholders, ITC Hotels shares listed at Rs 188 on BSE but hit 5% lower circuit minutes after as ITC shareholders who were not comfortable owning the hotels business tried to exit. Given growth tailwinds in the hospitality business, favourable demand-supply mismatch, and the company's strategic expansion plans, analysts say investors should hold on to ITC Hotels shares to play the longer game.
29.01 / 07:07
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Strategy
Analysis
economy
wellness
trends
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ITC Hotels’ demerger marks new era of stakeholder value creation: Sanjiv Puri
«Last 24 months, it has been 30 hotels. And there is a plan to scale up to 200 hotels in the next few years. But I am sure it is going to be at least, because we have seen that we are able to accelerate the pace going forward,» says Sanjiv Puri, Chairman, ITC. First of all, congratulations for the listing. Now, this demerger has happened. The company is now part of the stock exchange. What is your vision for ITC Hotel now? Sanjiv Puri: Firstly, thank you very much. So, this is a legacy over several decades where we have today a very strong foundation. Of course, iconic properties, iconic cuisines. We are very well known for our service standards.
29.01 / 06:13
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Stock market update: Sugar stocks up as market rises
Bannari Amman Sugars Ltd.(up 5.69%), Dhampur Sugar Mills Ltd.(up 5.58%), Magadh Sugar & Energy Ltd.(up 5.56%), Dwarikesh Sugar Industries Ltd.(up 4.87%), Uttam Sugar Mills Ltd.(up 4.59%), Rajshree Sugars & Chemicals Ltd.(up 4.17%), Shree Renuka Sugars Ltd.(up 4.11%), Dalmia Bharat Sugar and Industries Ltd.(up 4.09%), KCP Sugar & Industries Corporation Ltd.(up 3.95%) and Sakthi Sugars Ltd.(up 3.92%) were among the top gainers.
29.01 / 06:13
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Software
trends
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country
Anant Raj shares hit 10% upper circuit after issuing clarification amid AI industry concerns
Anant Raj surged 10% during the intraday session, hitting their upper circuit at Rs 587.85 on the BSE, following the company’s clarification regarding its business model in light of developments in artificial intelligence (AI) technology, specifically the announcement of a low-cost AI model by Chinese company DeepSeek. The clarification, issued on January 28 after market hours, aimed to reassure investors about the company’s operations and its outlook for the data center industry amid the growing influence of AI.
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