News Archives -

16 Nov

Schneider Electric shares expansion, company reports 26% net profit in Q2

Priyanka Roy0 CommentsBusiness, News

Schneider Electric share price rose 4.17 per cent to Rs 755.95 per share in Thursday's intraday deals after the company reported a 26 per cent rise in net profit in Q2FY25. The company on Thursday reported a net profit of Rs 54.3 crore in Q2FY25, registering a growth of 26.6 per cent as compared to net profit of Rs 42.9 crore in the same period a year ago. The company's operating revenue for the quarter stood at Rs 599.7 crore in the September quarter of FY25, registering a growth of 21 per cent from Rs 495.8 crore in the previous…

15 Nov

Suzlon Energy shares expansion 5% after 5-day decline

Priyanka Roy0 CommentsBusiness, News

Suzlon Energy shares jump 5% after 5-day decline Suzlon Energyshares jumped 5% on Thursday and hit an upper circuit of Rs 56.78, snapping a five-day losing streak. The rally in the wind power company's stock is attributed to the optimism prevailing in the market over the company's ongoing efforts to strengthen its position in the renewable energy space.Suzlon's positive momentum is driven by the recent significant order of 1,166 MW of wind power received from NTPC Green Energy. The deal has strengthened Suzlon's order book, which now stands at a record 5.1 GW, driving revenue growth and stability.With a strong…

14 Nov

Eicher Motors shares grew up over 8% after earnings announcement

Priyanka Roy0 CommentsBusiness, News

Eicher Motors' consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the September 2024 quarter, led by robust sales across all business segments. Eicher Motors shares surged over 8 per cent on Thursday after the firm said its consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the September 2024 quarter. The stock rose 8.35 per cent to ₹4,972.50 on the BSE. It rose 8.37 per cent to ₹4,973 on the NSE. Eicher Motors on Wednesday said its consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the…

13 Nov

Medicare premiums will expansion again in 2025. Here’s what you need to know

Priyanka Roy0 CommentsBusiness, News

Americans on Medicare can expect their premiums to rise by more than $10 per month starting in 2025. The announcement comes from the Centers for Medicare & Medicaid Services, which said it will increase the deductible by $17 due to higher projected costs and projected utilization growth. According to CMS, anyone making more than $106,000 can expect their premiums to rise even more, but that depends on how much they earn. News of this increase comes about a month after the Social Security Administration announced a 2.5% cost-of-living adjustment — which increases monthly Social Security benefits by $50. Since most…

12 Nov

Oil downturn biggest in two weeks on demand concerns, dollar

Priyanka Roy0 Commentsbusiness, News

(Bloomberg) -- Oil drop biggest in 2 weeks on a soft demand outlook in China, a strong U.S. dollar and fears of oversupply in the market. Brent crude was trading below $72 after falling nearly 3% on Monday, while West Texas Intermediate was around $68. China's latest measures to bolster its economy fell short of direct stimulus, and inflation remains weak. A gauge of the dollar rose to a one-year high as investors adjusted to Donald Trump's victory, making oil more expensive for most buyers. Crude has traded in a relatively tight range since the middle of last month, as…

11 Nov

India’s steel exports record double-digit expansion in October

Priyanka Roy0 CommentsBusiness, News

According to data compiled by the Steel Ministry, India's steel exports in October recorded a double-digit rose of 11 percent over the previous month, indicating better prospects for the sector.Inflation in steel exportsThe country's steel exports rose to 4.4 million tonnes in October from 4 million tonnes in September while imports downgraded, which will help domestic steel companies get better prices for their products in the third quarter, a senior official report.Imports slowed during the month for the 1st time in the current fiscal year, as the government banned poor quality steel coming from countries like Vietnam.Reforms in the domestic…

09 Nov

Inflation in India will expansion to 5.81% due to rising food prices

Priyanka Roy0 Commentsbusiness, News

BENGALURU, Nov 8 (Reuters) - A Reuters survey of economists estimated consumer price inflation in India rose to a 14-month high of 5.81% in October, mainly driven by a jump in vegetable and edible oil prices, slightly below the central bank’s tolerable threshold of 6.0%.Prices of food items, which make up nearly half of the inflation basket, likely rose more sharply last month. Tomatoes, a staple ingredient in every Indian kitchen, are expected to see double-digit price growth as uneven rains have disrupted production.The government's decision to hike import duty on edible oils by 20 per cent in mid-September also…

08 Nov

HDFC Bank upgrade MCLR rates for select periods

Priyanka Roy0 CommentsBusiness, News

HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) for select short-term tenors, effective November 7, 2024. The revision, which sees an expansion of up to 5 basis points (bps), is applicable across overnight, 1-month, and 3-year tenors.After this inflation, the overnight MCLR has flourish from 9.10% to 9.15%, while the one-month MCLR has jump from 9.15% to 9.20%. At the same time, the 3-year MCLR has inflation from 9.45% to 9.50%.There is no change in rates for periods other than these three periods.The three-month MCLR remains at 9.30%, while the six-month and one-year MCLR are both…

05 Nov

Bajaj Auto’s total vehicle sales in October flourish by 2% to 4,79,707 units

Priyanka Roy0 CommentsBusiness, News

Mumbai: Bajaj Auto on Monday reported a 2 percent rise in total vehicle sales, including commercial vehicles and exports, at 4,79,707 units in October this year as against 4,71,188 units in the same month of 2023. Bajaj Auto Ltd said total domestic sales during the month under review declined 8 per cent to 3,03,831 units as against 3,29,618 units sold in the same month of 2023, while exports stood at 1,75,876 units as against 1,41,570 units a year ago.However, total two-wheeler sales increased by two percent to 4,14,372 units in the month under review, as against 4,08,144 two-wheelers sold in…

04 Nov

Oil prices rise over 1% as OPEC+ delays production hike

Priyanka Roy0 CommentsBusiness, News

BEIJING, Nov 4 (Reuters) - Oil prices rose more than $1 in early trade on Monday after OPEC+ said on Sunday it would postpone a planned increase in output in December by a month due to weak demand and rising supplies outside the group.Brent futures rose $1.18 a barrel, or 1.61%, to $74.28 a barrel by 0121 GMT. US West Texas Intermediate (WTI) crude rose $1.20 a barrel, or 1.73%, to $70.69.OPEC+, which includes the Organization of the Petroleum Exporting Countries, Russia and other allies, was to increase output by 180,000 barrels per day (bpd) from December.It means the group…