Finshorts
Tata Motors reported an 8% decline in total sales at 79,344 units in February, with passenger vehicle sales down 9% and commercial vehicles falling 7%. In contrast, Mahindra & Mahindra posted a 15% growth, selling 83,702 units, driven by strong SUV demand and a 99% jump in exports. A positive rural outlook is expected to … Read more
The International Monetary Fund expects India to grow 6.5% in FY25 and FY26, driven by strong private investment and macroeconomic stability. The IMF highlights the need for structural reforms, including labor market changes and policy stability, to boost private and foreign direct investments. Despite inflation volatility due to food prices, India’s financial sector remains resilient, … Read more
India’s GDP is projected to grow 7.6% in Q4 FY25, driven by higher government capital expenditure and Maha Kumbh-related spending, according to Chief Economic Adviser V Anantha Nageswaran. The full-year growth estimate was revised to 6.5%. Despite global uncertainties and market volatility, strong rural demand and urban consumption revival are expected to sustain economic momentum. … Read more
International Gemmological Institute (IGI) posted a 45% rise in net profit to ₹114 crore for Q4 2024, with revenue increasing 6% to ₹256 crore. For the full year, profit surged 29% to ₹427 crore. The company, with a 65% market share in lab-grown diamonds, expanded globally with acquisitions in Belgium and the Netherlands. IGI declared … Read more
Sensex plunged 1,414 points (1.9%) to 73,198, while Nifty fell 420 points (1.86%) to 22,124, extending losses for the eighth straight session. Global market turmoil, U.S. tariff hikes on China, and persistent foreign outflows rattled investors. Tech Mahindra, IndusInd Bank, and Tata Motors led the decline. Markets await India’s third-quarter Gross Domestic Product data for … Read more
Signature Global aims to achieve zero net debt in FY26, supported by strong housing demand in Gurugram. The company reduced net debt to ₹740 crore in Q3 FY25 from ₹1,020 crore in Q2. Sales bookings surged to ₹8,670 crore in April- December FY25, targeting ₹10,000 crore for the full year. Average sales realization rose to … Read more
Ola Electric has eliminated regional warehouses, shifting inventory to 4,000 retail stores to cut costs and improve margins. The move is expected to boost EBITDA by 10 percentage points and save ₹30 crore monthly. Vehicle registration process optimization and contract renegotiations impacted VAHAN registration data in February, but sales remain unaffected. The company expects over … Read more
FMCG major Marico expects double-digit revenue growth in FY25, driven by price hikes, better volumes, and strong performance in food and digital businesses. Inflationary pressure on raw materials may impact margins, but cost management should keep the operating margin near 20%. The company remains optimistic about urban consumption recovery, aided by budget tax incentives. Price … Read more
Signature Global expects revenue to rise 2.5x to over ₹3,000 crore this fiscal, driven by strong sales and project completions. Pre-sales are set to exceed ₹10,000 crore, with launches worth ₹16,000 crore. The company sold properties worth ₹8,670 crore in nine months, up from ₹3,120 crore last year. Its robust pipeline and strong demand signal … Read more
Azim Premji’s investment arm, Premji Invest, acquired shares worth ₹446 crore in nine companies, including Bharti Airtel, Reliance Industries, Jindal Steel & Power, Adani Ports, Ambuja Cements, Hindalco, ICICI Bank, Infosys, and SBI Life. This strategic investment signals confidence in these stocks amid market fluctuations.