Sundaram Finance Ltd. reported a strong set of June-quarter earnings on Monday, driven by healthy loan demand, improving asset quality and steady growth in its lending business despite an uncertain macroeconomic backdrop. Net profit for the quarter rose 22% year-on-year to ₹522 crore, while revenue increased 10.2% to ₹2,076 crore, reflecting sustained momentum across the…
The VanEck Semiconductor ETF (SMH) fell nearly 18% over the past month as weak AI chip guidance from Broadcom, falling memory chip prices, reports of China’s progress in semiconductor manufacturing and forecasts of weaker smartphone demand weighed on the sector. Also Read: Why this fund manager sold semiconductor ETFs just before the Friday carnage The…
Gold and silver prices traded higher in the domestic futures market on Monday (August 3), tracking gains in global bullion prices as a weaker US dollar, easing crude oil prices and persistent geopolitical uncertainty supported demand for precious metals. On the Multi Commodity Exchange (MCX), gold futures for October delivery were trading at ₹1.43 lakh…
Upcoming IPOs: Three IPOs worth Rs 3,158 crore, Ardee Industries, Technocraft Ventures, and LEAP India, are set to open for subscription this week. Here’s a look at their GMP, key dates, and issue details. (Image: AI/ET Now) Upcoming IPOs this week: This week (August 3 to August 7) is set to be IPO-heavy, with public…
Q1 Results LIVE Updates: SBI Funds Management, Ather Energy, Inox India, IREDA, DOMS Industries, DLF, Escorts Kubota, CAMS, NOCIL, Nazara Tech, PNC Infra, Torrent Power, UPL, Restaurant Brands Asia, PNC Infra, KIMS, KEI Industries, Jindal Stainless, Ethos, GSK Pharma, Bluejet Healthcare, Kansai Nerolac, JM Financial, Kalpataru, Dhanuka Agritech, Texmaco Rail, are among the companies reporting…
The Supreme Court has declined to intervene in the ongoing Indian Energy Exchange (IEX) Market Coupling norms dispute, stating that this is “not the appropriate stage to hear the matter,” on Monday, August 3. In a setback for IEX, the apex court has allowed the Central Electricity Regulatory Commission (CERC) to go ahead with framing…
ABB India has announced a special dividend of Rs 90 per share for FY26. (AI Generated Image) Dividend Stock Alert: Heavy Electrical Equipment company ABB India has announced a special dividend of Rs 90 (4,500 per cent) per equity share for the financial year ended March 31, 2026. The dividend will be paid on or…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
Daksh Grover is a journalist who enjoys exploring the world of business and finance, with a particular focus on markets, commodities, and corporate developments. Over the past few years, Daksh has worked in fast-paced newsroom environments where accuracy and speed go hand-in-hand. Whether it’s breaking updates, market trends, or in-depth analytical pieces, he has gained…
The rally came after the company reported a 27.64 per cent year-on-year increase in revenue from operations to Rs 29,523.3 crore in the first quarter of FY27, compared with Rs 23,129.35 crore a year earlier. Revenue from the sale of products rose 27.82 per cent to Rs 29,409.82 crore. Source link
