Dharmesh Kant, Head Research at Chola Securities, says India’s growth outlook remains strong, driven by robust demand, infrastructure execution and healthy credit growth. He remains positive on power equipment after further correction, prefers select private and PSU banks, sees value…
Kirloskar Oil Engines is now focused on executing its first hyperscaler project successfully, which Kirloskar said will help win more business in one of the fastest growing markets for power generation equipment.
Samsung’s Q2 operating profit likely jumped 18-fold to a record 86 trillion won, driven by AI demand straining memory supply and pushing chip prices higher.
Glenmark Pharmaceuticals and Granules India announced key developments in the US market, including a product launch and a regulatory milestone that strengthen their generics portfolios.
Rupee fell 10 paise to 95.28 against the US dollar due to broad dollar strength. Forex reserves dropped USD 5.654 billion to USD 666.933 billion.
Nykaa expects gross merchandise value (GMV) growth in the early 30% range during the June quarter, with overall net revenue growth accelerating to nearly 30%.
AU Small Finance Bank’s total deposits crossed the mark of ₹1.5 lakh crore, while L&T Finance’s retail disbursements were up 36% from last year.
Investec sees further upside from a potential recovery in mobile exports, particularly if the proposed PLI 2 scheme is implemented, along with Dixon Technologies’ planned entry into the speciality EMS segment through acquisitions.
Gold steadied, supported by reduced US Fed rate hike expectations. Oil dropped as more tankers moved through the Strait of Hormuz. Trump allies push to reshape the Fed.
Kolkata-based, Goel family-promoted Laser Power & Infra plans to raise ₹742 crore through the public issue, comprising a fresh issue of shares worth ₹542 crore and an offer-for-sale (OFS) of ₹200 crore by existing promoters.