Finshorts
The rupee depreciated 16 paise to close at 86.87 against the US dollar, pressured by foreign fund outflows and a rebound in the dollar index. Traders anticipate further weakness due to equity market trends and US Federal Reserve signals. However, lower crude oil prices and RBI intervention could offer support. Meanwhile, India’s forex reserves surged … Read more
Electrification and automation major ABB India posted a 54% YoY rise in Q4 net profit at Rs 532 crore, driven by strong revenue growth to Rs 3,365 crore. Full-year 2024 profits surged 50% to Rs 1,875 crore. Despite a 14% dip in total orders, base orders grew 4%. The company declared a Rs 33.50 per … Read more
Hero MotoCorp expects double-digit revenue growth in FY25, driven by strong demand, premium bike expansion, and electric vehicle investments. The company posted Rs 10,260 crore in Q3 revenue and remains optimistic about sustained industry growth. Management sees rural and urban demand recovery, new product launches, and tax relief benefits supporting sales. Hero’s focus on high-end … Read more
Fortis Healthcare will acquire Shrimann Superspecialty Hospital in Jalandhar for Rs 462 crore through its subsidiary Fortis Hospotel Ltd. The deal includes hospital operations, land, and an adjacent plot for future expansion. This move aligns with Fortis’ strategy to strengthen its Punjab presence, increasing its capacity to over 1,000 beds. The transaction, subject to shareholder … Read more
Glenmark Pharmaceuticals reported a consolidated profit of Rs 348 crore in Q3 FY25, reversing a Rs 351 crore loss a year ago. Revenue surged 35% to Rs 3,388 crore, driven by strong growth in Europe and branded markets. The US Food and Drug Administration (USFDA) issued five observations for its Indore plant, with no data … Read more
India’s market capitalization has dropped below $4 trillion for the first time in 14 months, losing over $1 trillion from its peak in December 2024. A weakening rupee, foreign investor outflows exceeding $10 billion, and concerns over high valuations have triggered the decline. MidCap and SmallCap indices have fallen over 12-15%, while global markets, including … Read more
The rupee closed 12 paise higher at 86.81 against the US dollar on Friday, supported by a weaker dollar index after the US delayed reciprocal tariffs. However, gains were capped by rising crude oil prices and continued foreign institutional investor selling, which saw FIIs offload ₹2,789 crore in equities. Traders expect the rupee to trade … Read more
Carborundum Universal reported a 66% decline in consolidated net profit to ₹37.6 crore in Q3 FY25, compared to ₹112 crore a year ago, despite revenue rising 9% to ₹1,271.8 crore. The Murugappa Group company declared an interim dividend of ₹1.50 per share. Increased capital expenditure and slowing profitability could impact investor sentiment, though revenue growth … Read more
Tata Motors plans to expand India’s electric vehicle charging network to over 4 lakh points in two years under its ‘Open Collaboration 2.0’ initiative. Partnering with major charging point operators, it will install 30,000 new public chargers and 500 ultra-fast mega chargers. This move strengthens Tata’s EV leadership and boosts charging infrastructure, supporting wider EV … Read more
Himadri Speciality Chemical has set up a wholly owned subsidiary in Delaware, USA, to expand its carbon black and speciality carbon products business. With a ₹4,800 crore investment in lithium-ion battery components and a ₹220 crore capacity expansion, the company aims for global leadership. Strong sales growth and a 106% profit surge support its aggressive … Read more