New Delhi: Maruti Suzuki India, the country’s largest carmaker, Friday reported record revenue, profit and vehicle sales for the quarter as well as the financial year ended March, helped by robust demand for higher-margin sport utility vehicles (SUVs). Lower commodity prices and a cost-cutting drive also aided the financials of the carmaker which has popular … Read more
Mumbai: Bajaj Finserv reported a 20% increase in net profit for the quarter to March to ₹2,119 crore, from ₹1,769 crore a year earlier, mainly on account of an increase in profit at its non-banking finance arm, Bajaj Finance. The holding company of various financial services within the Bajaj group proposed a dividend of ₹1 … Read more
Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of US sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan (USD 12 billion), helped by strong sales and an improved product portfolio. Revenue jumped nearly 10 per … Read more
Warren Buffett’s Berkshire Hathaway Inc on Saturday posted its second straight record annual profit, bolstered by gains from its common stock investments and as rising interest rates helped its insurance businesses generate more income. Fourth-quarter operating profit rose 28% to $8.48 billion, or about $5,884 per Class A share, from $6.63 billion a year earlier. … Read more
Nestle India is scheduled to release its earnings for the December quarter later today, and the market is expecting a good set of numbers for the fast moving consumer goods major. Higher volumes and price-led growth, coupled with operating leverage benefits are likely to help the Maggi noodles maker report a healthy double-digit growth in … Read more
With company ramping up production of Range Rover and Defender, the volume for full fiscal is expected to rise 24% to 400,000 units and another 6-7% next fiscal. Synopsis The operating profit of the JLR surged 5.12 percentage points on a YoY basis to 8.8% in December quarter, taking the nine-month margin to 8.2%, driven … Read more
Equity indices rebounded sharply on Monday, surging nearly 2%, on heavy buying in RIL and a rally in Asian markets. The 30-share Sensex jumped 1,240 points to settle at 71,941 and the Nifty climbed 385 points to 21,737. Stocks that were in focus included names like Azad Engineering, which rose 5.72%, Tata Technologies, which fell … Read more
Equity indices rebounded after three days of losses amid a firm trend in global markets. The 30-share Sensex jumped 496 points to settle at 71,683.23 and the Nifty climbed 160 points to end at 21,622. Stocks that were in focus included names like Metro Brands, which fell 3.84%, HUL, which rose 0.78%, and Titan, whose … Read more
Sensex nosedived 1,628 points on Wednesday, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares. The Nifty tanked 460 points to settle at 21,571. Stocks that were in focus included names like HDFC Bank, which fell 8.16%, TV18 Broadcast, which rose 7.58%, and SAIL, … Read more
Stock markets snapped their five-day winning run on Tuesday amid weak global cues. The 30-share Sensex dropped 199 points to settle at 73,128 and Nifty closed lower by 65 points at 22,032. Stocks that were in focus included names like RIL, which fell 1.49%, LIC, which rose 4.5%, and Angel One, whose shares declined 13.5% … Read more
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