Asian stocks rise as Iran-US deal hopes ease oil supply concerns, KOSPI leads gains
South Korea’s Kospi jumped 4.47%, Japan’s Nikkei rose 3.33% and the Topix added 1.65%, while Australia’s benchmark index hit an intraday record and the MSCI…
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SK Hynix US shares will double in the next 12 months, Cantor Fitzgerald says
While Cantor is the most bullish on SK Hynix stock, it’s not alone in its zeal.
Manipal Health Enterprises shares to debut on D-Street today; here’s what GMP signals
Ahead of the IPO opening, Manipal Health raised ₹4,167 crore from 133 anchor investors at the upper end of the price band of ₹590 per…
Dow Jones, S&P 500 end at record highs as US-Iran deal hopes sink oil prices, bond yields
The fall in crude oil prices and bond yields on rising hopes of a deal between the US and Iran spurred the US markets higher,…
Sundram Fasteners Q1 profit rises 9% to ₹151 crore; earmarks ₹400 crore capex for expansion
Sundram Fasteners plans to invest ₹400 crore to expand manufacturing capacity and diversify into high-growth sectors including aerospace, wind energy, railways and defence after delivering…
Kalyan Jewellers Q1 profit jumps 32% as revenue crosses ₹10,500 crore; operating margin narrows
Kalyan Jewellers reported a strong June quarter, with revenue surging 46% and profit rising 32%. While operating earnings also grew, margins narrowed as costs increased…
Paytm block deal worth ₹2,038 crore sees NPS, Axis MF among key buyers; Elevation Capital, SAIF Partners pare stake
One97 Communications saw a ₹2,038 crore block deal. NPS, Axis Mutual Fund, and ICICI Prudential Life Insurance were key buyers. Paytm’s Q1 net profit jumped…
Sheela Foam Q1 profit jumps over 8-fold as revenue crosses ₹1,000 crore for first time
Sheela Foam posted record June-quarter revenue, with sales crossing ₹1,000 crore and EBITDA topping ₹100 crore for the first time in a first quarter. Strong…
Sanofi India Q2 profit rises 20% as diabetes drugs drive growth, margins improve
Sanofi India posted a strong June-quarter performance, with profit rising 20% as its diabetes portfolio continued to deliver double-digit growth. Higher operating efficiency also helped…
PNB Housing Finance Q1 profit rises 5% as home loan growth lifts interest income
PNB Housing Finance posted steady June-quarter earnings as higher interest income from its lending business lifted profit. While bad loans edged up slightly from the…