Rupee falls 3 paise to close at 95.40 against US dollar
The rupee slipped 3 paise to close at 95.40 (provisional) against the US dollar on Tuesday amid elevated crude oil prices and weakness in domestic equities.
admin
Stocks to Watch for August 5: Bharti Airtel, Nykaa, HDFC Bank, Marico and more
A busy earnings calendar continues on Wednesday, with several companies set to announce their June quarter results, while the RBI’s monetary policy decision is also due. Here are the stocks likely to remain in focus in Wednesday’s trading session.
SEBI proposes to allow issuance of Depository Receipts against units of REITs & Publicly Listed InvITs
The market regulator has proposed allowing depository receipts backed by units of REITs and publicly listed InvITs, while excluding privately listed InvITs from the framework. Public comments are open until August 25.
Deepak Nitrite Q1 profit surges as margin doubles; board clears ₹2,500 crore expansion
Deepak Nitrite reported a sharp improvement in its June quarter, with profit more than tripling and margins doubling from a year ago. The specialty chemicals maker also announced a ₹2,500 crore investment to build a Bisphenol A manufacturing facility, signalling…
Nifty Outlook for August 5: CAS-based volatility keeps traders on the edge; 24,400 key support
After breaking above the key 24,400 resistance on Monday, the Nifty snapped its four-session winning streak on Tuesday. The benchmark spent most of the day in negative territory, partly filling Monday’s upside gap between 24,429 and 24,515.
Bharti Hexacom Q1 profit rises 23% as margins improve, data usage surges
Bharti Hexacom reported a strong June quarter, with net profit rising 23% year-on-year as revenue growth and improved operating efficiency boosted earnings. The telecom company also saw a sharp rise in data consumption, smartphone users and broadband services, strengthening its…
Bharti Airtel Q1 Results: India, Africa businesses fuel revenue beat; ARPU rises to ₹264
Bharti Airtel reported a strong June quarter, with revenue and operating profit surpassing Street estimates on the back of robust growth across India and Africa. While net profit missed expectations, healthy subscriber additions and improving ARPU reinforced the telecom major’s…
PVR INOX takes movies to smaller towns with low-cost screens, plans 300-city expansion
New Smart Screens format will offer tickets 30-35% cheaper than regular multiplexes as India’s largest cinema chain targets Tier 2 and Tier 3 markets
HDFC Bank AGM on July 5: New chairman among key agenda items
HDFC Bank’s 32nd Annual General Meeting on Wednesday comes against the backdrop of former chairman Atanu Chakraborty’s resignation and a delayed CEO succession process, with shareholders set to vote on key appointments, fundraising proposals and the annual dividend.
Dow, S&P 500, Nasdaq futures edge higher; Palantir, Caterpillar lead advances
US stock futures rose on Tuesday as Palantir soared over 16% after strong Q2 earnings, lifting tech stocks. Investors await results from AMD, Spotify and other companies while tracking West Asia developments.