SUNAINA

Asian markets were up on Friday following a US stock rally on Thursday, driven by a better-than-expected unemployment report. The Nikkei 225 gained 1.6% to 35,380.23, while Hong Kong’s Hang Seng rose 1.9% to 17,211.26. US futures and oil prices increased. The S&P 500 climbed 2.3% and the Nasdaq 2.9% after strong earnings reports. Treasury … Read more

Ola Electric Mobility Ltd’s shares debuted at Rs 76 on the NSE, slightly below the issue price. The stock later surged nearly 20% to Rs 91.20 on NSE. The IPO, which raised Rs 6,145 crore, was oversubscribed 4.27 times. Proceeds will fund cell manufacturing expansion, R&D, debt repayment, and growth initiatives. The company’s market valuation … Read more

Lincoln Pharmaceuticals’ net profit surged 24.51% to Rs 23.67 crore for Q1 FY25, up from Rs 19.01 crore in the same quarter last year. Total income rose 10% to Rs 157.69 crore. EBITDA increased by 16.65% to Rs 33.14 crore. The company’s domestic and export operations performed well, and it aims for Rs 750 crore … Read more

Page Industries Ltd reported a 4.33% rise in net profit to Rs 165.22 crore for Q1 FY24, up from Rs 158.35 crore in the same period last year. Revenue grew by 4% to Rs 1,277.51 crore. Sales volume increased by 2.6% YoY, while expenses rose by 4.26% to Rs 1,067.95 crore. The company remains positive … Read more

Biocon’s consolidated profit after tax soared to Rs 660 crore for Q1 FY24, up from Rs 101 crore in the previous year, largely due to a one-time gain from its collaboration with Eris Lifesciences. Revenue was slightly higher at Rs 3,433 crore compared to Rs 3,423 crore a year earlier. Biocon remains optimistic about future … Read more

Commerce and Industry Minister Piyush Goyal has set a target for India’s leather and footwear industry to reach $50 billion in exports by 2030, up from the current $5 billion. He emphasized leveraging free trade agreements with Australia and the UAE and adhering to quality control norms to enhance global competitiveness. Goyal also highlighted the … Read more

Eicher Motors reported a 20% increase in consolidated profit after tax to Rs 1,101 crore for Q1 FY24, up from Rs 918 crore a year ago. Revenue rose to Rs 4,393 crore from Rs 3,986 crore. Royal Enfield’s motorcycle sales slightly increased to 2,27,736 units, while Volvo Eicher Commercial Vehicles (VECV) saw a 2% rise … Read more

Blackstone plans to sell 33 crore units in its REIT, Nexus Select Trust, for nearly Rs 4500 crore via a block deal, with a floor price of Rs 135 per unit. Blackstone’s stake will drop from 43% to 21% after the sale. Nexus Select Trust, India’s first retail-focused REIT, holds a portfolio of 17 malls, … Read more

Garden Reach Shipbuilders & Engineers Limited (GRSE) reported a 13% increase in net profit for Q1 FY25, reaching Rs 87 crore, driven by a 34% rise in revenue to Rs 1,010 crore. The EPS improved to Rs 7.6, though the net profit margin fell to 8.64%. GRSE is optimistic about future growth, supported by a … Read more

According to the Barclays Private Clients Hurun India report, the Ambani family is the most valuable family business in India, valued at Rs 25.75 lakh crore. The Bajaj family follows in second place with Rs 7.13 lakh crore, and the Birla family is third at Rs 5.39 lakh crore. The Adani family, valued at Rs … Read more