Indian Market News

The automotive industry has been experiencing sluggish growth in both the passenger and commercial vehicle segments this fiscal year. Consequently, it is eagerly anticipating announcements in the upcoming Union Budget that may signal increased welfar

United Spirits Ltd (USL) reported a 4.3% decline in consolidated net profit for the December quarter of FY25, registering Rs 335 crore compared to Rs 350 crore in the same period last year. The drop was attributed to higher expenses and severance cos

On Friday, Paytm's share price tumbled more than 8% after reports surfaced that the company, along with seven other payment gateways, is under scrutiny by the Enforcement Directorate (ED) for alleged involvement in a cryptocurrency scam. The stock di

Shares of the state-owned oil marketing company, Hindustan Petroleum Corporation Limited (HPCL), are drawing attention in Friday's trading session following its impressive financial performance for the October-December quarter. The company reported a

Hyderabad-based Dr. Reddy’s Laboratories (DRL) posted a 2.5% year-on-year (YoY) increase in consolidated net profit for Q3FY25, reaching ₹1,413 crore. The pharmaceutical giant also recorded its highest-ever quarterly revenue from operations, up 1

Zee Entertainment Enterprises Limited (ZEEL) is optimistic about a recovery in advertising revenue as it looks forward to the Union Budget 2025 to revive the consumption cycle. Despite the festive season, Zee's advertising revenue declined by 8.4% ye

Indus Towers Limited reported a stellar financial performance for the quarter ending December 31, 2024, with consolidated net profit skyrocketing by 160% to ₹4,003 crore. This sharp rise, compared to ₹1,541 crore in the same quarter of the previo

The traditional Halwa ceremony, marking the final phase of Union Budget preparations, is set to take place at the North Block of the Central Secretariat on Friday evening, January 24. As per tradition, Finance Minister Nirmala Sitharaman will pres

Hindustan Unilever Ltd (HUL), India’s leading FMCG company, announced the acquisition of a 90.5% stake in the premium skincare brand Minimalist for ₹2,955 crore on January 22, 2025. The deal, comprising a primary infusion and secondary buyout, ma

On January 23, the benchmark indices, Nifty and Sensex, sustained their gains but remained below their intraday highs. A significant rally in IT and auto stocks contributed to the positive market sentiment. However, weakness in both private and publi

UTI Mutual Fund has launched a new open-ended equity scheme, opening for subscription from January 28, 2025, to February 10, 2025. The scheme aims to provide returns by replicating the performance of its benchmark, Nifty MidSmallcap400 Momentum Quali

CLSA, a global brokerage firm, has released its 2025 outlook for India's healthcare sector, projecting an 8-9% growth in the Indian pharmaceutical market, slightly ahead of the expected growth in the U.S. market. The brokerage has identified Apollo H