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Source: Live Mint Ernie Garcia II, the father of Carvana Co. Chief Executive Officer Ernest Garcia III, has cashed in $1.4 billion of the company’s stock since April — a stake that’s now worth $2.5 billion after a blistering rally in the online auto retailer’s shares. The elder Garcia has unloaded almost 10 million shares…
Source: Live Mint Indian stock market extended its slide to the second consecutive day on Friday, November 08, as sharp selloff in major large-cap stocks, including Reliance Industries, ICICI Bank, State Bank of India, and Trent, weighed heavily on the frontline indices, causing them to end the session in the red. The 25-basis point rate…
Source: Live Mint Gold prices retreated on Friday and were on track for their biggest weekly fall in over five months, as markets digested Donald Trump’s victory and its potential impact on the U.S. interest rate trajectory. Spot gold fell 0.7% to $2,687.48 per ounce as of 1224 GMT and was down 1.7% for the…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty Index closed at 24,199.35, reflecting a decline of 0.21%. Throughout the trading day, the Nifty reached a high of 24,276.15 and a low of 24,066.65. The Sensex exhibited a trading range between 79,807.26 and 79,117.37, ultimately closing down 0.07%…
Source: Live Mint Shares of battery manufacturers Amara Raja Energy and Exide Industries have been on a consistent downward trajectory over the past five months, including November, as both stocks face persistent selling pressure. The companies’ recent financial results for the September quarter have failed to boost investor sentiment as both companies reported earnings that…
Source: Live Mint Ola Electric Mobility posted a consolidated net loss of ₹495 crore for the September 2024 quarter (Q2 FY25) on Friday, November 8. The loss declined from ₹524 crore posted in the same quarter last year. However, it was higher than ₹347 crore loss posted in the June 2024 quarter. The consolidated revenue…
Source: Live Mint Tata Motors Q2 Results: Automaker Tata Motors on Friday, November 8, reported an 11 per cent year-on-year (YoY) fall in consolidated net profit to ₹3,343 crore for the quarter ended September 2024 (Q2 FY25). The figure stood at ₹3,764 crore in the same period last year. Meanwhile, the revenue declined by 3.74…
Source: Live Mint Vedanta Q2 Results: Mining major posts net profit of ₹5,603 crore vs loss YoY Read Full Article
Source: Live Mint Indian stock market faced a sharp correction in October, driven by sustained selling from Foreign Portfolio Investors (FPIs), who shifted to more attractively valued markets like China amid weaker domestic corporate earnings. According to data from the National Securities Depository Ltd (NSDL), FPIs recorded net sales of ₹94,017 crore in Indian equities…
Source: Live Mint When the bar is set high, every shortfall appears glaring. A case in point is Trent Ltd’s September quarter (Q2FY25) results where the retailer clocked almost 40% standalone revenue growth to ₹4,036 crore. Taken in isolation, growth is simply stellar. However, it is a moderation from the 50% plus growth rates seen…
