Nvidia has surpassed Apple to become the world’s most valuable company. This shift is due to the high demand for Nvidia’s supercomputing AI chips. Nvidia’s stock soared and its market capitalization briefly reached $3.53 trillion, compared to Apple’s $3.52 trillion. The company’s gains are also bolstered by strong demand from AI companies like OpenAI.
Posts in category Economic Times
Zee Media Corp Q2 Results: Net loss widens to 49.86 crore, revenue down 13% (25-10-2024)
Private news broadcaster Zee Media on Friday said its consolidated net loss widened to Rs 49.86 crore for the second quarter ended September 2024. The company had posted a net loss of Rs 30.70 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Zee Media Corporation Ltd (ZMCL).
Macrotech Developers: Net profit jumps 98% YoY to Rs 422 crore, revenue up 50% (25-10-2024)
Macrotech Developers (Lodha) reported a 98% YoY jump in PAT to Rs 422 crore in Q2FY25. Revenue from operations stood at Rs 2,626 crore, up 50% YoY. The company achieved its best ever quarterly pre-sales of Rs 4,290 crore. Lodha added four more projects in Pune and Bengaluru during the quarter.
Capri tumbles 46% after US court blocks $8.5 bln merger with Tapestry (25-10-2024)
Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry, hurting the Michael Kors owner’s chances of navigating challenges at the luxury brand.
UTI AMC Q2 Results: Net profit jumps 31% YoY to Rs 239 crore (25-10-2024)
UTI Asset Management Company on Friday reported a 31 per cent on-year jump in profit after tax (PAT) at Rs 239 crore in the three months ended September 30, 2024. The company had posted a PAT of Rs 183 crore in the same quarter of the preceding fiscal year, UTI AMC said in a regulatory filing.
Cholamandalam Investment Q2 Results: Cons PAT at Rs 968 crore vs Rs 773 crore a year ago (25-10-2024)
Cholamandalam Investment and Finance Company Ltd has reported a consolidated profit after tax for the July-September 2024 quarter at Rs 967.80 crore, the company said on Friday.
Societe Generale sells 0.5% stake in IndusInd Bank for Rs 421 crore (25-10-2024)
Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank’s shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), Paris-headquartered Societe Generale offloaded 39.30 lakh shares or 0.50 per cent stake in IndusInd Bank.
Coal India Q2 Results: Cons PAT falls 22% YoY to Rs 6,289 crore, revenue down 6%; Rs 15.75 dividend announced (25-10-2024)
Coal India Q2 Results: Government-owned miner Coal India reported a 22% fall in its September quarter consolidated net profit for the quarter ended September 30, 2024 at Rs 6,289 crore versus Rs 8,049 crore reported by the company in the year ago period.
These 6 stocks hit fresh 52-week highs, rallied up to 35% in a month (25-10-2024)
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