October 15, 2024 New Delhi, India Q2 FY25 HDFC Life Insurance Company has reported a strong financial performance for the second quarter of FY25, with a net profit of ₹433 crore, a 15% year-on-year (YoY) growth from ₹377 crore in the same period last year. The company’s solid performance continued in the first half of…
October 11, 2024 New Delhi, India IREDA Q2 Results Indian Renewable Energy Development Agency Ltd (IREDA), a state-owned financial services firm, reported a strong 36.2% year-on-year (YoY) rise in its net profit for Q2FY25. The company posted a profit of ₹387.75 crore, up from ₹284.73 crore in the same quarter last year. Sequentially, net profit…
October 11, 2024 New Delhi, India Tata Elxsi Q2 Results Tata Elxsi announced a robust 14.7% year-on-year (YoY) growth in net profit for Q2FY25, reaching ₹299.4 crore. The company’s revenue from operations increased by 8.3% YoY to ₹955.1 crore. Reacting to the positive financial performance, Tata Elxsi’s shares surged over 2%, trading at ₹7,921.20 on…
August 8, 2024 New Delhi, India RBI Monetary Policy In its latest monetary policy announcement, the Reserve Bank of India (RBI) has kept its inflation projection for FY2025 unchanged at 4.5%. RBI Governor Shaktikanta Das provided insights into the factors influencing this forecast and the broader economic conditions. The Indian rupee showed a slight recovery…
June 7, 2024 New Delhi, India Key Highlights from RBI MPC Meeting June 2024 The Reserve Bank of India (RBI) concluded its first Monetary Policy Committee (MPC) meeting since the Lok Sabha Elections 2024, announcing several significant decisions. The repo rate remains unchanged at 6.50%, marking the eighth consecutive term without a change, as the…
September 4, 2024 New Delhi, India Nvidia Shares On Tuesday, Nvidia, the U.S.-based AI chip-making giant, saw a staggering 9.5% decline in its share price, losing approximately $279 billion in market capitalization. This marked the largest single-day market cap drop for any company and triggered significant sell-offs across global markets, particularly in Asia. Key Highlights:…
July 20, 2024 New Delhi, India Wipro Q1 Results Wipro, a leading IT services provider, released its Q1 FY25 results on July 19, 2024, reporting a notable 5.2% year-on-year (YoY) increase in consolidated net profit. Despite a decline in revenue, the company’s robust margin expansion and strong operating cash flows marked key highlights of the…
October 11, 2024 New Delhi, India Crude Oil Price Crude Oil prices stabilized near $75 on Friday after a volatile week. The recovery from lower levels came as Israel signaled its readiness to retaliate against Iran, intensifying geopolitical tensions. This follows a phone call between US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu…
October 11, 2024 New Delhi, India Market Highlights Indian equity markets experienced a downward trend on Friday, with both the BSE Sensex and Nifty 50 trading lower, mirroring weakness from overnight U.S. markets. Investors remained cautious ahead of upcoming fiscal announcements from global markets. Key Index Movements Sensex: At 2 PM, the BSE Sensex was…
October 11, 2024 New Delhi, India Noel Tata Appointed Chairman of Tata Trusts In a major leadership transition, Noel Tata was appointed as the new Chairman of Tata Trusts, the philanthropic arm of the Tata Group, succeeding his half-brother Ratan Tata, who passed away on October 9, 2024, at the age of 86. The appointment…
