Finshorts
The rupee plunged 39 paise to close at an all-time low of 87.46 against the US dollar as global trade war concerns and potential Reserve Bank of India rate cuts pressured investor sentiment. The upcoming RBI monetary policy decision on February 7 could influence currency and equity markets. Meanwhile, Brent crude declined to USD 75.81 … Read more
Godrej Properties achieved record sales of Rs 28,800 crore in 2024, surpassing all listed real estate firms. Its strong housing demand across Delhi-NCR, Mumbai, and Bengaluru drove a 69% rise in booking value. The company launched projects worth Rs 34,300 crore and acquired land with Rs 36,250 crore potential. This aggressive expansion strengthens its market … Read more
Ola Electric has launched its Roadster X series, marking its entry into the electric motorcycle segment. Priced between Rs 74,999 and Rs 1,54,999, the models offer up to 501 km range per charge. Deliveries start mid-March. This expansion strengthens Ola’s position in India’s growing EV market, potentially impacting competitors in the two-wheeler segment.
Zydus Lifesciences reported a 30% rise in net profit to Rs 1,023 crore for Q3 FY25, driven by strong sales in the US and India. Revenue grew 17% year-on-year to Rs 5,269 crore. The company aims for double-digit growth and improved profitability in FY25. Despite strong results, shares traded 1.79% lower at Rs 956 on … Read more
Indus Towers will acquire a 26% stake in renewable energy firm Amplus Tungabhadra for Rs 27 crore to secure 50 megawatts of solar power. The move aligns with regulatory requirements for captive power plants and supports cost efficiency and sustainability goals. The deal is expected to close by February 2026, potentially reducing energy costs and … Read more
Tiger Logistics reported a 129% rise in Q3 net profit to Rs 8.42 crore, driven by increased delivery volumes and air transport. Revenue grew over threefold to Rs 160.46 crore. Delivery volumes rose 27.8% to 16,711 TEUs, while air transport volumes more than doubled. The company secured partnerships with HPCL, BHEL, and BEML and plans … Read more
The rupee fell 67 paise to a record low of 87.29 against the US dollar on Monday, driven by fears of a global trade war after President Trump imposed tariffs on Canada, Mexico, and China. Sustained foreign fund outflows, strong dollar demand, and weak risk appetite added pressure. The dollar index rose 1.30% to 109.77, … Read more
Anant Raj Ltd reported a 54% rise in Q3 net profit to Rs 110.32 crore, up from Rs 71.83 crore last year. Total income increased to Rs 543.97 crore, driven by real estate and data center project growth, primarily in the NCR region. The strong performance reflects robust demand and execution in its key business … Read more
Shares of agriculture companies surged up to 13% after Finance Minister Nirmala Sitharaman announced PM Dhan-Dhaanya Krishi Yojana, targeting 100 low-yield districts. Kaveri Seed Co led gains, rising 13.49%, while others like Dhanuka Agritech and UPL also climbed. The scheme aims to benefit 1.7 crore farmers, boost crop production, and ensure remunerative prices, driving optimism … Read more
Under the new tax regime, Finance Minister Nirmala Sitharaman announced no income tax for individuals earning up to Rs 12 lakh annually. Salaried employees can earn up to Rs 12.75 lakh tax-free, including a Rs 75,000 standard deduction. Revised slabs offer significant savings, up to Rs 1.10 lakh tax benefit for higher earners. The move … Read more