News for 'profitability'

Sensex pares gains; ends up 411 points

Sensex pares gains; ends up 411 points

Rediff.com20 Oct 2025

From the Sensex firms, Reliance Industries climbed 3.52 per cent after the firm on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. Bajaj Finserv, Axis Bank, State Bank of India, Tata Consultancy Services, Titan and Bharti Airtel were also among the gainers. However, ICICI Bank, Mahindra & Mahindra, Eternal, Adani Ports and Power Grid were among the laggards.

SC upholds JSW Steel's takeover plan for Bhushan Power and Steel

SC upholds JSW Steel's takeover plan for Bhushan Power and Steel

Rediff.com26 Sep 2025

The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.

Indian-origin Zohran Mamdani frontrunner in New York City mayoral race

Indian-origin Zohran Mamdani frontrunner in New York City mayoral race

Rediff.com4 Nov 2025

New York City is preparing to elect a new mayor, with Zohran Kwame Mamdani, of Indian descent, leading the race. The election features Mamdani against Andrew Cuomo and Curtis Sliwa.

'Some IPOs Underperformed Due To...'

'Some IPOs Underperformed Due To...'

Rediff.com6 Nov 2025

'...aggressive pricing amid volatility, but these are exceptions.'

Sun Pharma Q4 profit down 19% at Rs 2,149.8 cr, revenue up 8%

Sun Pharma Q4 profit down 19% at Rs 2,149.8 cr, revenue up 8%

Rediff.com23 May 2025

India's largest drug maker Sun Pharmaceutical on Thursday posted a decline of 19 per cent year-on-year (Y-o-Y) for its consolidated net profit for the fourth quarter of the financial year 2025 (Q4FY25) at Rs 2,149.8 crore. Meanwhile, its revenue from operations rose by 8 per cent at Rs 12,958.8 crore.

Want To Invest In Manufacturing Funds?

Want To Invest In Manufacturing Funds?

Rediff.com3 Nov 2025

'They are a poor fit for anyone with near-term goals, low volatility tolerance, or a need for steady income or liquidity.' 'First-time investors should typically avoid them.'

Missed Investing In Gold? Read This

Missed Investing In Gold? Read This

Rediff.com24 Oct 2025

New investors should not allow themselves to fall prey to FOMO and rush headlong into gold.

RBI proposes to allow banks to fund acquisitions

RBI proposes to allow banks to fund acquisitions

Rediff.com25 Oct 2025

Banks will be able to give loans to Indian companies for acquiring the entire equity stake or a controlling part of it in domestic or foreign firms as strategic investment that creates long-term value rather than for short-term financial restructuring if the Reserve Bank of India's (RBI's) draft circular, issued on Friday, comes to fruition.

Ajit Pawar slams party MLA for 'buy from Hindus' remark

Ajit Pawar slams party MLA for 'buy from Hindus' remark

Rediff.com11 Oct 2025

Nationalist Congress Party MLA Sangram Jagtap has triggered controversy with his appeal to prioritize Hindu shopkeepers during Diwali, later justifying his statement by referencing the Pahalgam terror attack. NCP president Ajit Pawar has strongly condemned the remarks, and the party plans to issue a show-cause notice to Jagtap.

No short-term impact of H-1B visa fee hike: Tata Tech boss

No short-term impact of H-1B visa fee hike: Tata Tech boss

Rediff.com26 Oct 2025

The fee hike for the US H-1B visa by the Donald Trump administration has no short-term impact on Tata Technologies Ltd, although it will change resourcing plans for the future, according to its CEO and managing director, Warren Harris.

Lenskart eyeing mega expansion as it readies for IPO

Lenskart eyeing mega expansion as it readies for IPO

Rediff.com15 Oct 2025

Eyewear retailer Lenskart plans to add 450 stores in the current financial year, its fastest expansion in three years, as the company prepares for a public listing that could value it at up to $10 billion. The addition would take Lenskart's store count to more than 3,150 across 14 countries, representing a 34 per cent rise from the 334 stores opened last year.

Selling in blue-chips RIL, HDFC Bank drag Sensex down by 153 points

Selling in blue-chips RIL, HDFC Bank drag Sensex down by 153 points

Rediff.com8 Oct 2025

Among Sensex firms, Tata Motors, Mahindra & Mahindra, Bharat Electronics, UltraTech Cement, Trent, Sun Pharma, Power Grid and Reliance Industries were the major laggards. However, Titan, Infosys, Tata Consultancy Services, HCL Tech and Tech Mahindra were among the biggest gainers.

Gold, silver may extend rally this week

Gold, silver may extend rally this week

Rediff.com28 Sep 2025

Gold and silver prices are expected to maintain their upward trajectory this week, but may see late profit-booking amid the release of a series of crucial global economic indicators, analysts said. On the economic front, traders will closely monitor the manufacturing/ services PMI data from across regions and the US non-farm payrolls/ employment data along with consumer confidence for the month of September and speeches from several Federal Reserve officials, they added.

Persistent's premium valuations hinge on sustaining growth momentum

Persistent's premium valuations hinge on sustaining growth momentum

Rediff.com29 Oct 2025

The stock of mid-tier information technology (IT) major Persistent Systems has been one of the outperformers in the IT pack with a return of 5.3 per cent over the last year, while its peer index, the Nifty IT, is down 16.2 per cent over the same period. The strong September quarter (Q2FY26) result and upgrades by brokerages are positive but its ability to sustain growth momentum in a weak macroeconomic environment will be key for future gains. At the current levels, the stock is trading at a premium valuation of 38 times its FY27 earnings estimates.

Reliance Q4 profit rises 2.4%, becomes 1st co with Rs 10 lakh cr networth

Reliance Q4 profit rises 2.4%, becomes 1st co with Rs 10 lakh cr networth

Rediff.com25 Apr 2025

Reliance Industries Ltd on Friday reported a 2.4 per cent rise in its March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost. Consolidated net profit of Rs 19,407 crore, or Rs 14.34 per share, in January-March - the fourth quarter of April 2024 to March 2025 fiscal (FY25) - was higher than Rs 18,951 crore, or Rs 14 a share, in the same period a year back, the company said in a statement.

Demand recovery to drive gains for Nestle India

Demand recovery to drive gains for Nestle India

Rediff.com27 Oct 2025

Packaged food major Nestle India posted better than expected September quarter results led by strong volume growth across its key segments. While there were margin pressures due to elevated raw material costs, there could be some relief with easing prices in the near term.

Jio IPO to fetch premium valuations: I-Sec

Jio IPO to fetch premium valuations: I-Sec

Rediff.com24 Oct 2025

ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.

'Sovereignty in foundational industries is critical for countries'

'Sovereignty in foundational industries is critical for countries'

Rediff.com22 Oct 2025

'The steel industry has a multiplier effect on direct and indirect employment, national security on the supply chain, technology access etc.'

Freshers Back in Demand At IT Majors

Freshers Back in Demand At IT Majors

Rediff.com23 Oct 2025

Infosys, HCL, Wipro ramp up fresher intake as AI reshapes skills demand and hiring shifts from 'hire to train' to 'train to hire'.

Trump aide launches X poll after India fact-check

Trump aide launches X poll after India fact-check

Rediff.com8 Sep 2025

The White House trade adviser, Peter Navarro, on Sunday (local time) again added to his previous meltdown, after being corrected over spreading misinformation pertaining to India's purchase of Russian oil, by dismissing the community notes on X and accusing it of serving 'foreign interests' that meddle in domestic US economics and politics.

'I'm An Addict Of Heartache'

'I'm An Addict Of Heartache'

Rediff.com24 Oct 2025

'I have been in love with a career on the big screen, validated by box office numbers.' 'I never expected the love back to be instantaneous.'

Tata Capital, LG to launch IPOs worth over Rs 27,000 crore

Tata Capital, LG to launch IPOs worth over Rs 27,000 crore

Rediff.com5 Oct 2025

The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.

The Shortcut to Finding Hidden Stock Opportunities

The Shortcut to Finding Hidden Stock Opportunities

Rediff.com9 Sep 2025

Have you ever thought about how some investors always manage to find well-performing stocks before everyone else? They seem to have an eye for finding companies that aren't in the media but still deliver returns. These are called hidden stock opportunities, and the shortcut to finding them is all about knowing where and how to look. In this article, let's walk through some practical tips for finding these stocks in the share market.

Marico Q2 volume growth likely to be in high single digit

Marico Q2 volume growth likely to be in high single digit

Rediff.com4 Oct 2025

Marico is expected to post high single-digit volume growth in the India business in the July-September quarter. However, it is expected to moderate sequentially, the company said in its quarterly update on exchanges.

HDFC Bank doesn't see AI leading to layoffs: CEO

HDFC Bank doesn't see AI leading to layoffs: CEO

Rediff.com19 Oct 2025

The country's largest private sector lender HDFC Bank does not see its use of artificial intelligence leading to any layoffs, a top company official has said.

Reliance's refining margins projected to stay strong compared to PSU peers

Reliance's refining margins projected to stay strong compared to PSU peers

Rediff.com6 Sep 2025

Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.

Venture funding slowed in Sep qtr; exit activity at 7-year high

Venture funding slowed in Sep qtr; exit activity at 7-year high

Rediff.com24 Oct 2025

Venture funding in India slowed in the third quarter (Q3) of 2025 amid geopolitical uncertainty, though exit activity surged to a seven-year high, according to Venture Pulse from KPMG Private Enterprise, a quarterly report tracking investment trends globally across major regions around the world.

Zomato's parent Eternal Q4 net profit falls 78% to Rs 39 cr

Zomato's parent Eternal Q4 net profit falls 78% to Rs 39 cr

Rediff.com2 May 2025

Eternal (formerly known as Zomato) reported a net profit of Rs 39 crore for the fourth quarter of FY25, down 77.7 per cent year-on-year from Rs 175 crore in the same period a year ago. On a sequential basis, profit was also down 33.8 per cent from Rs 59 crore in the preceding quarter (Q3FY25).

Trump aide fact-checked over anti-India rant. He slams Musk

Trump aide fact-checked over anti-India rant. He slams Musk

Rediff.com7 Sep 2025

Calling the community note on X "crap", Navarro alleged that Elon Musk is allowing "propaganda" and reiterated his accusations of India purchasing Russian oil only to make profits.

India makes 85% of digital payment through UPI: RBI Guv Malhotra

India makes 85% of digital payment through UPI: RBI Guv Malhotra

Rediff.com16 Oct 2025

About 85 per cent of the digital payment transactions take place through UPI in India, and the country can be a case study in inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra has said. He was speaking at a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" organised by RBI on the sidelines of the Annual Meetings of the World Bank and International Monetary Fund in Washington, DC on Tuesday.

Who Will Gain How Much If Tata Sons Goes Public?

Who Will Gain How Much If Tata Sons Goes Public?

Rediff.com23 Oct 2025

Seven listed Tata companies together own 12.1 per cent in Tata Sons with a combined book value worth around Rs 30,700 crore.

JLR Cyberattack Triggers $2.55 Billion Shockwave

JLR Cyberattack Triggers $2.55 Billion Shockwave

Rediff.com23 Oct 2025

At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.

'Nicobar's exploitation portrayed as strategic defence project'

'Nicobar's exploitation portrayed as strategic defence project'

Rediff.com28 Oct 2025

Over 70 scientists, environmentalists, and former bureaucrats are urging the Indian government to reconsider the Great Nicobar Island project, citing environmental and social concerns.

'Banks Need To Reinvent Themselves'

'Banks Need To Reinvent Themselves'

Rediff.com3 Nov 2025

'Reinvention is not a hugely difficult task. With technology as available today, you can reinvent yourself pretty quickly.'

It's 'blood money': Navarro's fresh rant on India's Russian oil buys

It's 'blood money': Navarro's fresh rant on India's Russian oil buys

Rediff.com8 Sep 2025

Using an expletive in his post on X, Navarro said, "Fact: India didn't buy Russian oil in large quantities before Russia invaded Ukraine. It's blood money and people are dying."

Sensex drops 728 pts on profit-taking in IT, banking shares

Sensex drops 728 pts on profit-taking in IT, banking shares

Rediff.com26 Mar 2025

From the Sensex pack, NTPC, Tech Mahindra, Zomato, Axis Bank, Bajaj Finance, Infosys, Maruti, State Bank of India, Kotak Mahindra Bank, Reliance Industries, Hindustan Unilever, and HDFC Bank were the losers. IndusInd Bank, HCL Tech, Titan, Mahindra & Mahindra and Power Grid were the gainers.

3 reasons why Muthoot Finance outperformed in Q1FY26

3 reasons why Muthoot Finance outperformed in Q1FY26

Rediff.com3 Oct 2025

With the price of gold entering a strong bull run, gold-loan non-banking financial companies (NBFCs) are under the spotlight, even though their performance is not directly linked to gold price. Muthoot Finance outperformed in the April-June quarter (Q1) of 2025-26 (FY26), with its assets under management (AUM) growing 10 per cent quarter-on-quarter (Q-o-Q) and 42 per cent year-on-year (Y-o-Y), an improvement of 88 basis points (bps) Q-o-Q in net interest margin (NIM), and a fall in credit cost. Gold AUM rose 40 per cent Y-o-Y and 10 per cent Q-o-Q. The company recorded recoveries of 350 crore, including 100 crore from an asset reconstruction company (ARC), resulting in a 100-bp Q-o-Q yield increase.

'IOB Bets Big On M&A Financing'

'IOB Bets Big On M&A Financing'

Rediff.com3 Nov 2025

'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'

'On Track For GDP Growth Exceeding 6.8%'

'On Track For GDP Growth Exceeding 6.8%'

Rediff.com3 Nov 2025

'I will not be surprised if there is a 7 per cent handle in front of the decimal place for the full financial year.'

'GST 2.0 Great Opportunity For Insurance Biz To Make Products Affordable'

'GST 2.0 Great Opportunity For Insurance Biz To Make Products Affordable'

Rediff.com3 Nov 2025

'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'