12h ago
Hyundai India Q2 net profit falls 24% to ₹1,196 crore on high commodity cost
Hyundai India posts 24% Q2 profit drop to ₹1,196 crore amid high commodity costs, but records ₹20,696 crore revenue and new sales milestone.
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XRP-2.92%
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10-24
Coforge net profit rises 56.5% as ‘record’ deal wins boost growth
Coforge posts 56.5% net-profit rise as record large deals and Encora integration boost revenue and raise FY27 margin guidance.
10-24
Dr. Reddy’s Q2 net dips 32% to ₹913 cr on lower revenue
Dr. Reddy’s Q2 net falls 32% to ₹913 cr amid softer North America generics, declining revenue, and ongoing product relaunch plans.
10-22
Cotton prices surge ₹4,000 a candy, T.N. textile mills fret over costs
Cotton prices spike in Tamil Nadu as costs rise for over 1,500 mills amid supply concerns and potential import duty impacts.
10-17
Prices of sugar, rice and other essential commodities surge ahead of festive season
Prices of sugar, rice and essentials surge ahead of festive season
10-9
Financial Times says OpenAI annualised revenue near $50 billion by end-September, about $20 billion below earlier investor expectations
OpenAI’s annualised revenue was close to $50 billion as of the end of September, about $20 billion below the roughly $70 billion figure investors had previously been given, the Financial Times reported. A person familiar with the matter said the earlier, higher number included gross revenue from partnerships with companies such as Nvidia. The disclosure weighed on AI-linked stocks and renewed questions about the durability of the AI business.
10-2
India caps sugar dealers’ stockholding at 1,000 quintals for Oct. 15–Nov. 30 festive-season period
India’s government on Oct. 1 tightened the stockholding limit for sugar dealers to 1,000 quintals, with the revised rule set to apply from Oct. 15 through Nov. 30 to help ensure supplies and keep prices in check during the festival season. Dealers will be allowed to hold only 15 days of stock, while Kolkata and its extended metropolitan areas and Assam will have a higher limit of 2,000 quintals. The new sugar season began on Oct. 1, and average retail sugar prices have fallen 15% from their August peak while ex-mill prices are down by about 28% and have stabilised in recent weeks.
9-29
Indian stocks slide in early trade as Brent crude climbs to $107.1 and foreign funds sell ₹5,353.22 crore
Indian equities fell sharply in early trade on September 29, with the Sensex down 503 points at 72,260.09 and the Nifty off 151 points at 22,626.50. Brent crude rose 1.74% to $107.1 a barrel amid uncertainty in West Asia. Foreign Institutional Investors net sold ₹5,353.22 crore of equities on Monday, while the two benchmarks had dropped 1.52% and 1.56% in the previous session.
9-16
Copper up nearly 75% in a year squeezes Coimbatore MSMEs as prices hit ₹1,450 a kg
MSMEs in Coimbatore, India, are facing rising input costs after copper prices surged nearly 75% over the past year, with one kg now at ₹1,450 versus ₹800₹900 a year earlier. Prices had earlier touched ₹1,500 a kg before easing slightly. Local industry groups say once the increase crossed 60%, firms could pass on only 10%15% of the rise to customers, leaving engineering and electrical manufacturers with sharply compressed margins.
