GOODYEAR-INDIA-Tyremaker Goodyear India’s Q2 profit drops on higher raw material costs, weak demand
Posts in category Economic Times
ICICI Securities Q2 Results: Cons PAT increases 25% YoY to Rs 529 crore, revenue up 36% (22-10-2024)
ICICI Securities reported a 25% YoY jump in net profit to Rs 529 crore in Q2FY25. Total revenue from operations was recorded at Rs 1706.65 crore for the said quarter, which was up by 36% on a year-on-year basis. ICICI Securities’ total expenses had also increased to Rs 9,95.94 crore in the September quarter from Rs 679.61 crore in Q2FY24.
7 factors contributing to India’s capex cycle revival (22-10-2024)
For most of the past decade, India’s capex growth remained subdued. From 2013 to 2018, capex growth averaged around 3-4%, with infrastructure and manufacturing facing underinvestment. This slowdown was primarily due to policy uncertainties, weak demand, high corporate debt, and challenges in land acquisition and project approvals.
European shares edge lower; SAP boosts tech stocks (22-10-2024)
European stocks remained flat on Tuesday. Investors considered outlooks from tech giants SAP and Logitech. SAP’s strong cloud business boosted tech stocks. Randstad, Saab, and DNB saw positive results, with their shares rising. Four U.S. Federal Reserve policymakers supported rate cuts but differed on their speed and extent.
Hyundai Motor IPO shows retail investors growing wiser as past mistakes haunt them (22-10-2024)
As anticipated, Hyundai Motor India had a subdued debut on the stock exchanges, listing at a discount. In retrospect, retail investors—who largely avoided the Rs 27,870 crore IPO—seem to have made a wise choice by steering clear of the hype surrounding India’s largest public offering and avoiding initial losses.
Share price of DLF falls as Sensex drops 562.19 points (22-10-2024)
Promoters held 74.08 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 16.65 per cent and 3.36 per cent, respectively.
Deepak Builders IPO subscribed 7.5 times so far on Day 2. Check GMP, other details (22-10-2024)
The initial public offer (IPO) of Deepak Builders & Engineers, which opened for subscription on October 21, has been 7.5 times oversubscribed by Tuesday, the second day of bidding.
Cryptocurrency prices on October 22: Bitcoin falls over 2% to $67,700; Shiba Inu, NEAR Protocol drop up to 4% (22-10-2024)
Major cryptocurrencies saw a decline on Tuesday as investors took profits after recent gains. Bitcoin (BTC), Ethereum (ETH), Solana, and other significant cryptocurrencies dropped, resulting in a 2% decrease in the global cryptocurrency market cap, which now stands at around $2.34 trillion.
Max Healthcare shares down 3.42% as Sensex falls (22-10-2024)
A total of 34,868 shares changed hands on the counter till 02:04PM (IST)
Power Grid board approves raising up to Rs 5,000 cr via bonds (22-10-2024)
“Committee of Directors for bonds in their meeting held today i.e. on 22nd October, 2024 approved the raising of bonds as unsecured, non-convertible, non-cumulative, redeemable, taxable, POWERGRID Bonds…up to Rs 5,000 crore on private placement basis,” it stated.