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Source: Live Mint Ambuja Cements Ltd, an Adani Group company, is seeing results from its increased focus on inorganic growth. The company’s consolidated volume grew by 8.4% year-on-year to 14.2 million tonnes (mt) in the September quarter (Q2FY25). This outpaces the industry’s flat growth and sector leader UltraTech Cement Ltd’s 2.7% rise in domestic grey…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty index concluded the trading day at 24,339.15, reflecting an increase of 0.52%. Throughout the session, the Nifty reached a peak of 24,484.5 and a trough of 24,140.85. Meanwhile, the Sensex fluctuated between 80,450.48 and 79,421.35, ultimately closing at 80,005.04,…
Source: Live Mint Diwali Muhurat Trading 2024: As India enters the festive season, the stock markets are getting ready for the annual Muhurat Trading session, a special one-hour event held on Diwali. Date, time for Muhurat trading 2024 The stock exchanges have scheduled Muhurat Trading on November 1 from 6:00 to 7:10 pm, as per…
Source: Live Mint OMC Q2 Review: Oil marketing companies (OMCs), including Indian Oil Corp Ltd (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), reported a double-digit decline (between 70-99 per cent) in their respective net profit during the July-September quarter for fiscal 2024-25 (Q2FY25). Along with weaker refinery margins, OMCs also…
Source: Live Mint SoFi Technologies Inc. shares fell after a profit forecast and third-quarter earnings beat weren’t strong enough to extend a rally that had propelled the shares 40% higher in less than a month. “I think we’re seeing some of that being taken off the table,” Chief Executive Officer Anthony Noto said in an…
Source: Live Mint For the second time in less than a year, Circle Internet Financial Ltd. has increased the fees it charges to cash out holdings of its USDC stablecoin. Redemption of USDC via the Circle Mint platform used to be free and unlimited. In February, Circle introduced a fee for swaps above $15 million….
Source: Live Mint The share of British workers in low-paid jobs has plunged in the last decade to a record low of 3.4%, a reflection of growing minimum wages, adding to concerns of further inflation ahead. That’s according to data published Tuesday by the Office for National Statistics, which revealed that the share of employees…
Source: Live Mint Muhurat Trading 2024: Samvat 2081 is around the corner after Indian stock markets logged a spectacular year with record-high milestones in Samvat 2080. D-Street analysts are widely positive for financials, consumption, technology, and healthcare sectors for Samvat 2081. The Nifty 50 eyes a 12 per cent CAGR between FY24-26 even as the…
Source: Live Mint India’s Housing Finance Companies (HFCs) contributed 46 per cent to the fundraising activities from public markets through the initial public offering (IPO) route, according to a research report by Colliers India. The real estate industry, which includes HFCs, Real Estate Investment Trusts (REITs), real estate developers, flex space operators, hospitality companies, and…
Source: Live Mint US stocks edged lower on Tuesday as investors assessed a host of mixed earnings, while Treasury yields gained. At the opening bell, the Dow Jones Industrial Average fell 177.91 points, or 0.42%, to 42,209.66. The S&P 500 fell 7.34 points, or 0.13%, to 5,816.18, while the Nasdaq Composite rose 8.9 points, or…
