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GE Vernova T&D India Q4 profit rises 89% as margin expands; dividend declared
GE Vernova T&D India reported a strong March quarter performance with profit rising nearly 89% year-on-year, driven by robust revenue growth, improved operating margins and healthy execution across projects.
Vinay Rajani of HDFC Sec suggests Oracle Financial Services, Sun Pharma shares to buy
Indian equity markets experienced a significant selloff on May 18, with Sensex and Nifty 50 dropping over 1%. The BSE Sensex fell over 1,000 points, erasing nearly ₹9 lakh crore in investor wealth amid weak global cues and a bearish trend across sectors.
From record high to 'correction territory' in two sessions: Korea's KOSPI extends sell-off
Analysts tracking the KOSPI have attributed the fall to higher yields, fears of higher interest rates and a potential strike at Samsung Electronics. However, they call this a "healthy price correction" instead of the start of a structural downtrend, and advice looking for buying opportunities in high-quality stocks.
Selling at higher levels turns 23,800 into key barrier for Nifty: Analysts
Benchmark Nifty closed lower last week. Analysts anticipate continued range-bound trading for Nifty this week. Trading strategies suggest buying on dips and selling on rallies within the 23,800-23,200 range. Specific stock recommendations include Indus Towers, Samvardhana Motherson International, Aditya Birla Capital, Sun Pharmaceutical Industries, and Arvind Limited. Investors are advised to consider these opportunities.
Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthens
Aditya Birla Group is injecting ₹4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's financial standing. This capital infusion follows Kumar Mangalam Birla's return as chairman and aims to support Vi's efforts to compete with rivals Reliance Jio and Bharti Airtel.
Vodafone Idea Fundraising: Aditya Birla Group Commits $500M Infusion
The Average Revenue Per User increased to Rs Rs. 190 from Rs. 175.
See long-term opportunity in auto parts, aerospace and chemicals: AB Sun Life AMC’s Harish Krishnan
Harish Krishnan of Aditya Birla Sun Life AMC said the rupee’s sharp fall may be nearing its final phase as the government and RBI step up stabilisation measures. He highlighted engineering exports, chemicals, aerospace and IT services as long-term investment themes, while cautioning that margin pressure from rising input costs could continue over the next two quarters.
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
Exclusive: Promoter-backed fund raise on cards for AB Capital
Source told CNBC-TV18 that Aditya Birla Capital may soon raise ₹4000-₹5000 crore via preferential issue and QIP with promoter and institutional participation. Vodafone Idea to also consider fundraise on May 16.
Apollo Tyres reverses gains, stock falls 6% from day's high after Q4 results
The company reported healthy growth across both its India and Europe businesses, with both segments registering nearly 15% year-on-year growth during the quarter.
ET Graphics: Auto industry opens FY27 in top gear despite geopolitical tensions
India’s automobile industry began FY27 on a strong footing, with robust vehicle sales across segments despite ongoing geopolitical uncertainties and global economic concerns. Strong consumer demand, improved rural sentiment and continued momentum in passenger and two-wheeler categories helped automakers post healthy growth at the start of the new financial year.
Welspun Enterprises Q4 profit jumps 45%; management guides for sustained growth
Welspun Enterprises reported strong fourth-quarter earnings with healthy margin expansion and robust order inflows, while the board approved a final dividend, leadership changes and a ₹1,000 crore fundraising plan.