The FinTech Hub
Source: Live Mint ITI Q3 Results: State-run telecom equipment manufacturer ITI posted strong results for the quarter ended December 31, 2024 (Q3FY25). It reported a net loss of ₹48.9 crore for the quarter, significantly improving from the ₹101.3 crore loss recorded in the same quarter of the previous fiscal (Q3FY24). Meanwhile, the company’s revenue from…
Source: Live Mint Shares of Vakrangee, one of India’s largest last-mile distribution platforms, surged 4.95% in intraday trade on February 13 to reach ₹15.92 per share, its upper price band, after the company announced that the Reserve Bank of India (RBI) had renewed its authorisation for White Label ATMs. In an exchange filing on Wednesday,…
Source: Live Mint Natco Pharma Q3 Results: NATCO Pharma Ltd reported a sharp decline of 37.75 percent in consolidated net profit for the December quarter, primarily impacted by a downturn in formulations exports. The company’s consolidated net profit stood at ₹132.4 crore in Q3 FY2025, a drop from ₹212.7 crore recorded in the corresponding quarter…
Source: Live Mint Imagicaaworld Entertainment shares climbed over 8 percent on Wednesday, February 12, after the company informed the bourses about its board’s approval for a fundraise amounting to ₹345.19 crore through a preferential issue. It also announced strong results for the quarter ended December 2024 (Q3FY25). Fundraising Details The company announced that the fundraise…
Source: Live Mint Shares of pharma major Lupin rebounded from their day’s low after the company posted strong financial results for the quarter ended December 2024 (Q3 FY25). The stock initially fell by 3.2 percent to an intra-day low of ₹2,000.10 in early trade but later recovered by almost 6 percent, reaching day’s high of…
Source: Live Mint Shares of Eicher Motors fell nearly 7 percent in intra-day trading on Tuesday, February 11 post its December quarter results (Q3FY25) after global brokerage firm Goldman Sachs reduced its target price following the company’s Q3 FY25 earnings. Goldman Sachs maintained a ‘Buy’ rating on Eicher Motors but revised its target price downward…
Source: Live Mint Indian markets have declined 0.7 per cent so far in February, setting the indices up for a fifth consecutive month of losses. In 2025 so far, the benchmark indices have dropped over a per cent, weighed down by global economic uncertainties and elevated domestic valuations. The broader markets have faced a steeper…
Source: Live Mint Taking a breather after recent rally, stock markets closed lower on Wednesday as investors turned cautious ahead of the RBI’s monetary policy decision later this week and trade war concerns. The 30-share BSE Sensex declined 312.53 points or 0.40 per cent to settle at 78,271.28 with 21 of constituents closing down and…
Source: Live Mint Alembic Pharmaceuticals posted its results for the quarter ended December 2024 (Q3FY25). Its consolidated net profit tumbled 23.29 percent to ₹138.42 crore in Q3 FY25, compared with ₹180.45 crore posted in Q3 FY24. However, revenue from operations was at ₹1,692.74 crore in the third quarter of FY25, up 3.81 percent year on…
Source: Live Mint Budget 2025: The Indian stock market experienced high volatility on Saturday, February 1, following the FY26 Union Budget announcement by Finance Minister Nirmala Sitharaman. While the budget introduced major changes in income tax slabs, shifting more money into the hands of middle-class consumers, market sentiment remained mixed due to concerns over government…
