AUM heavyweights SBI, HDFC and ICICI Pru flex muscle, adding Rs 2 trillion+ each. Mutual fund houses saw robust asset growth in the third quarter, with the industry’s assets under management (AUM) expanding nearly 40 per cent year-on-year. Key players
Although UltraTech Cement’s results for the December quarter of the current financial year (Q3FY25) were not an improvement compared to Q3FY24, the company managed to surpass Street expectations. Photograph: Amit Dave/Reuters The company’s profit attributable to the owners of the
Equity benchmarks Sensex and Nifty surrendered early gains to close with losses in a volatile session on Friday, snapping their two-day winning streak as investors pared exposure to realty, oil & gas and healthcare stocks amid a mixed trend in
The country’s largest airline IndiGo on Friday saw its profit after tax slide 18.3 per cent to Rs 2,448.8 crore in the three months ended December 2024 due to foreign exchange loss even as revenue jumped on higher capacity and
Analysts have largely maintained their positive outlook on HDFC Bank, as the private lender reported in-line results for the October-December quarter (Q3) of the current financial year (2024-25/FY25). Photograph: Shailesh Andrade/Reuters They believe the results were ‘strong’ given the tough
‘Each side could consider challenging the NCLAT’s stay order before the Supreme Court.’ Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy antonbe/Pixabay.com The National Company Law Appellate Tribunal (NCLAT) on Thursday said that
Billionaire Gautam Adani’s younger son Jeet will wed next month in a simple and traditional ceremony, without any pomp and show and celebrity stars. Photograph: Courtesy, Adani Group via Meta Adani, on Mahakumbh pilgrimage with his family, scorched speculations of
The recent depreciation of the rupee along with sharp fall in the country’s foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies
Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends. Photograph: Danish Siddiqui/Reuters The 30-share BSE Sensex jumped 454.11 points or 0.59 per cent
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies. Photograph: Andrew Kelly/Reuters “Hindenburg is not under investigation
