Global emerging-market equity funds held a record $42.4bn in Brazilian stocks ahead of the presidential election, largely maintaining their positions despite sharp market swings. Brazil drew a record $42.4 billion from global emerging-market stock funds as investors positioned themselves ahead…
eMudhra shares have stabilised after a steep sell-off over weak private keys in digital certificates, but analysts warn that reputational damage could spread beyond the company’s discontinued SSL/TLS business. eMudhra shares have steadied after a sharp sell-off sparked by security…
Coal India’s September-quarter profit rose to ₹6,547 crore, supported by stronger coal realisations and interest income despite a 17% increase in expenditure. Coal India Ltd has reported a sharp rise in quarterly profit, helped by stronger realisations and higher non-operating…
Jefferies has initiated coverage of NSE with a Buy rating and Rs 2,085 target, arguing that its market leadership, new businesses, higher margins and dividend potential warrant a premium to BSE. Jefferies has started coverage of the National Stock Exchange…
Reliance Jio Platforms raised about $3.2bn in India’s biggest-ever flotation, sending its shares 27% higher and lifting the wider Reliance group above Tata in market value. Reliance Jio Platforms has pulled off India’s biggest initial public offering, raising about $3.2…
RR Kabel’s September-quarter net profit rose to ₹181 crore, while revenue climbed 52% and the company approved an interim dividend of ₹6.5 a share. RR Kabel Ltd reported a sharp rise in quarterly earnings on Wednesday, saying net profit for…
Arkade Developers’ consolidated net profit fell to Rs 25.80 crore in the September quarter, while total income dropped to Rs 146.83 crore from Rs 264.82 crore a year earlier. Arkade Developers has reported a steep drop in quarterly earnings as…
Jio Platforms shares opened at ₹1,358, valuing the Reliance-backed telecom and digital services company at about ₹12.5 lakh crore after its ₹30,213-crore IPO attracted demand more than 22 times the shares on offer. Jio Platforms made a strong stock market…
Indian benchmark indices closed lower as technology and oil-and-gas heavyweights came under pressure, although gains in mid- and small-cap shares and select sectors kept market breadth positive. Indian equities ended lower on Wednesday, with benchmark indices pressured by weakness in…
Maruti Suzuki’s quarterly sales reached a record high, but a 26.4% profit decline and shrinking margins put pressure on the shares, prompting brokerages to cut targets while highlighting new-model momentum. Maruti Suzuki India’s shares came under pressure after the carmaker…
Larsen & Toubro shares surged after a stronger-than-expected second quarter, with record order inflows and a robust order book offsetting Jefferies’ concerns over weaker engineering and construction margins. Larsen & Toubro shares climbed sharply on Wednesday after the engineering group…
Jio Platforms’ shares opened at ₹1,359, valuing the digital and telecoms business at about $108.3 billion after an IPO that attracted bids worth more than 22 times the shares on offer. Jio Platforms made a strong market debut on Tuesday,…
