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L&T Q4 Results: Profit falls 3% YoY to Rs 5,326 crore; co declares Rs 38/share dividend
L&T Q4 Results: Larsen & Toubro reported a 3% YoY decline in Q4 net profit to Rs 5,326 crore, despite an 11% revenue growth to Rs 82,762 crore. The company's order book reached an all-time high of Rs 7.4 lakh crore. L&T is also set to divest stakes in Nabha Power and L&T Metro Rail by June 30.
CAMS shares surge 9% in weak markets on Q4 show; dividend announcement
CAMS shares today: The company said improved operational efficiency and a significant ramp-up in automation initiatives helped absolute Ebitda reach an all-time high of ₹183.66 crore
India's retail car sales hit record in April, but Mideast crisis clouds outlook
Indian car sales reached an all-time high in April. Passenger vehicle sales saw a significant jump. This growth was driven by rate cuts, easier financing, and strong demand from rural areas. However, concerns about Middle East tensions and rising fuel prices may affect demand in the coming months. Dealers are monitoring inventory levels and urging caution from manufacturers.
Ambuja Cements Q4 net profit surges 37%
Ambuja Cements announced strong March quarter earnings. Net profit surged over 37 percent year-on-year. This growth was significantly boosted by a substantial tax credit. Sales volume reached an all-time high, alongside record revenue. The company noted ongoing cost pressures from fuel and packaging. These challenges are expected to persist into the first half of FY27.
Retail direct equity bets fall, MF holdings rise to new high
Individual investors reduced direct equity ownership for the third consecutive quarter, while mutual fund holdings reached a record high, driven by surging retail inflows. Foreign ownership hit a 14-year low amid a risk-off sentiment, contrasting with domestic institutional holdings climbing to an all-time peak.
Principal Financial Group stock hits all-time high at 101.57 USD - Investing.com India
Principal Financial Group stock hits all-time high at 101.57 USDInvesting.com India
Vande Bharat Express now links Jammu to Srinagar directly
Union Railways Minister Ashwini Vaishnaw launched the 20-coach Vande Bharat Express in Jammu and Kashmir. This marks the first direct rail link between Jammu and Srinagar. The service reduces travel time and provides an all-weather connection. The train is popular and has become a lifeline for the region. Future plans include connecting Poonch, Rajouri, and Uri to the rail network.
Why is market falling today? Sensex slumps 1,200 pts, Nifty below 23,850; 7 key triggers behind bloodbath
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty dropping over 1% each. Soaring oil prices to historic levels, a plunging rupee to an all-time low, and sustained foreign investor selling contributed to the broad-based selloff, erasing nearly Rs 9 lakh crore from market capitalization.
INR falls near record low levels hurt by elevated oil prices
The Indian rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising crude oil prices, hovering well above $100 per barrel, and continued foreign capital outflows. Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz. Elevated crude oil price is likely to sharply impact India's import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Meanwhile, Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices, capping downside in the counter. Sensex settled 609.45 points (0.79%) higher at 77,496.36 while Nifty 50 advanced 181.95 points (0.76%) to close at 24,177.65. Investors are also awaiting cues from the upcoming US Federal Reserve policy decision as dollar ..
US Fed meeting outcome today: Here's time, expectations, when & where to watch Jerome Powell's speech
US Federal Reserve began their two-day meeting on April 28. The central bank will announce the policy outcome on Wednesday, 29 April. Here's all the details, along with market expectations.
Asian shares surge, tracking overnight US gains, after Iran ceasefire extension
Japan's Nikkei 225 hit an all-time intraday high of 60,013.98, aided by strong gains in tech stocks. Meanwhile, South Korea's Kospi also hit an all-time intraday high of 6,538.72 as it advanced 1.75%.
Groww share price rallies 7% to all-time high after brokerage BofA gives ‘buy’ rating. Do you own?
Groww share price rallied to all-time high on Wednesday after global brokerage firm BoFA gave a ‘buy’ call rating to the stock. Here's target price and share price trend of Groww shares.