GIC Re Q1 profit falls 31% as underwriting losses more than double
GIC Re’s quarterly profit fell to ₹1,744 crore despite higher premiums, as underwriting losses widened and its combined ratio deteriorated to nearly 108%.
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Honasa Consumer Q1 net profit more than doubles as general, modern trade grow over 40%
Shares of Honasa Consumer Ltd ended at ₹481.20, down by ₹13.30, or 2.84%, on the BSE.
Scrubbing harder isn’t the answer to India’s cleaning problem. This D2C brand is betting foam can fix that
D2C home cleaning brand Scrubsy has raised ₹27 crore (~$3 million) in seed funding led by V3 Ventures, as it looks to scale its foam-based formulations and cross ₹100 crore in ARR by FY28.
Tata Motors revenue rises in Q1 as India PV growth offsets JLR slowdown
Tata Motors’ passenger vehicle business delivered a sharp 46% jump in India sales in the first quarter, but weak Jaguar Land Rover (JLR) demand and margin pressure weighed on earnings, sending EBITDA down 20% despite a 9% rise in consolidated…
Birla Estates enters Navi Mumbai redevelopment market with ₹2,600 crore Vashi housing project
The 3.06-acre Vashi project will feature premium and luxury homes and marks Birla Estates’ first redevelopment project in Navi Mumbai.
Page Industries Q1 Results: Profit falls 4%, margin contracts; declares ₹200 interim dividend
Page Industries expects consumer demand to remain healthy, supported by market trends and continued brand relevance. It plans to introduce newer product lines, particularly aimed at younger consumers, while focusing on digitalisation, operational efficiency and ramp-up of new manufacturing facilities…
Gold, silver fall on MCX amid weak spot demand
Gold and silver prices dip in India due to profit-taking, weaker demand. US Fed’s rate path, inflation data influence global bullion.
Godrej Industries Q1 profit falls 19% even as revenue rises 22%; shares reverse early losses
Godrej Industries’ EBITDA jumped 52% in the June quarter, with margins expanding to 11.1%, while Godrej Properties’ booking value rose 22%.
Elara Capital raises Eternal allocation to 85-90%, says avoid Swiggy for now
Elara Capital’s Karan Taurani raises his weightage toward Eternal over Swiggy in quick commerce, citing inconsistent profitability at Swiggy, while naming Trent, United Spirits, Radico Khaitan, Sun TV and PVR Inox among his top picks across retail, alcobev and media.
Sensex vs Nifty: Why did the two benchmarks end in opposite directions today?
The BSE Sensex closed at 78,080, up 114 points, while the Nifty50 ended at 24,396, down 40 points. The Nifty Bank fell 251 points to 57,635, while the midcap index gained 97 points to 64,122.