Brokerages also cut rating and share price targets for the stock Analysts have sharply reduced cigarette maker ITC’s earning estimates for the next two years, fearing a significant dent in the company’s profitability and margins. Illustration: Dado Ruvic/Reuters This is
Companies’ rent and lease expenses have seen a significant decline relative to the money they make since the pandemic. Illustration: Dominic Xavier/Rediff Rent and lease expenses were the equivalent of 0.72 per cent of the total value of goods produced
Driven by improved customer experience, Ola Electric is witnessing “clear outcomes” in market share from its focused service transformation programme, the company said, as it registered 9,020 units in December, lifting its month-on-month share to 9.3 per cent from 7.2
Private sector lender YES Bank Ltd on Saturday (January 3) shared provisional business figures for the quarter ended December 31, 2025. Loans and advances increased 5.2% year-on-year (YoY) to ₹2,57,508 crore from ₹2,44,834 crore in December 2024, and grew 2.9%
(Bloomberg) — Cathie Wood’s ARK Blockchain & Fintech Innovation ETF delivered a standout 29% return in 2025, defying an industry downturn by stretching the definition of “financial technology.” The inclusion of stocks such as artificial intelligence firm Palantir Technologies Inc.,
Six banks that reported their quarterly business updates for the October-December (Q3FY26) quarter on Friday recorded double-digit growth in their loan books compared with a year ago. Deposits also posted healthy growth during the period. Illustration: Uttam Ghosh State-owned Punjab
The first day of the year 2026 was positive for the debt market with foreign investors buying a net domestic debt of Rs 7,524 crore, the highest single-day inflow since May 29 last year. Foreign portfolio investors pumped Rs 29,179
India’s forex reserves jumped by $3.29 billion to $696.61 billion in the week to December 26, the RBI said on Friday. Photograph: Florence Lo/Reuters The overall kitty had increased by $4.368 billion to $693.32 billion in the previous reporting week.
India’s manufacturing sector activity witnessed the weakest improvement in the sector in two years in December on account of softer expansions in new orders, prompting firms to limit input purchases and job creation, a monthly survey said on Friday. Photograph:
Amber Enterprises India on January 2 said its step-down subsidiaries have received formal approval under the Electronics Components Manufacturing Scheme, marking a key milestone in the company’s expansion in domestic electronics manufacturing. According to the regulatory filing, Ascent-K Circuit Private
