A naukri.com initiative
Business News
Bloomberg Quint
4d
226
Image Credit: Bloomberg Quint
US Banks’ Earnings And Readthroughs For Indian IT — Read Motilal Oswal's Analysis
- Major US banks reported better-than-estimated results with robust trading revenue.
- In Q1 FY25, major US banks maintained their tech budgets and commitment to digital investments.
- Indian IT players in the BFSI sector saw healthy revenue growth.
- Motilal Oswal's top picks include Coforge, Tech Mahindra, and HCL Tech for their portfolios.
Read Full Article
13 Likes
HinduBusinessLine
4d
88
Image Credit: HinduBusinessLine
Cement prices and demand likely to surge further as outlook improves: Nuvama Research
- Cement prices have increased across all regions, with the southern region leading the surge.
- Rise in prices supported by a pickup in demand due to capital expenditure by governments and CPSEs.
- Industry volumes expected to grow by 7-8% in Q4 FY25, but slower full-year growth at 4-5% due to various factors.
- Long-term outlook improving with rising prices and stable demand expected to support growth.
Read Full Article
5 Likes
HinduBusinessLine
4d
198
Image Credit: HinduBusinessLine
IDFC FIRST Bank to get ₹7,500 cr from Warburg, ADIA arm
- IDFC FIRST Bank's Board of Directors approved a preferential issue of equity capital worth ₹4,876 crore to Currant Sea Investments B.V and ₹2,624 crore to Platinum Invictus B 2025 RSC Limited.
- The capital adequacy of IDFC FIRST Bank will increase from 16.1% to 18.9% with this fundraising, strengthening the bank's balance sheet and positioning it for profitable growth.
- IDFC FIRST Bank has introduced the "Ace" feature on its mobile app, providing over 2500 mutual fund options.
- The bank aims to consistently exceed operational expenses growth, turn profitable businesses to scale, and deliver sustainable returns to stakeholders.
Read Full Article
11 Likes
Bloomberg Quint
4d
320
Image Credit: Bloomberg Quint
IDFC FIRST Bank Board Approves Fundraising Of Rs 7,500 Crore From Warburg, ADIA
- IDFC FIRST Bank will issue compulsorily convertible preference shares at Rs 60 each to Warburg Pincus affiliate Currant Sea and ADIA-backed Platinum Invictus to raise Rs 7,500 crore.
- The board of IDFC FIRST Bank has approved raising up to Rs 7,500 crore from two separate investors backed by Warbug Pincus and Abu Dhabi Investment Authority.
- The two investors include Currant Sea Investments BV and Platinum Invictus B 2025 RSC. Currant Sea is an affiliate of Warburg Pincus and Platinum Invictus is an affiliate of ADIA.
- The bank will allot 81.26 crore and 43.71 compulsorily convertible preferential shares at Rs 60 per piece each to both marque investors, respectively.
Read Full Article
19 Likes
Guardian
4d
170
Image Credit: Guardian
Ministers in ‘active conversation’ with UK drug firms over potential tariffs
- UK government is in discussions with pharmaceutical firms to assess potential impact of US tariffs on exports.
- Negotiations are underway to secure exemptions for British drugmakers from tariffs through a trade deal with the US.
- Industry lobbying intensifies against potential tariffs as they fear disruptions to supply chains and higher costs.
- European pharmaceutical companies also seek assistance from EU to counter US tariffs and maintain operations.
- Concerns arise over the possible shift of pharmaceutical industry from Europe to the US if tariffs are imposed.
- Lib Dems call for an emergency taskforce to ensure security of medicines supply amidst tariff threats.
- Government downplays fears of shortages due to tariffs, while critics warn of disruptions to supply chain.
- Growing worries over potential impacts of tariffs on complex pharmaceutical supply chains and costs.
- Calls for government to strengthen and protect pharmaceutical supply chains to safeguard patients and economy.
- Opportunities and challenges emerge for UK's life sciences sector amid discussions on tariffs and trade deals.
Read Full Article
10 Likes
Bloomberg Quint
4d
40
Image Credit: Bloomberg Quint
Gensol Engineering Share Price Locked In Lower Circuit For Second Consecutive Day; Stock Hit Fresh Record Lows
- Gensol Engineering's share price fell by 5% for the second consecutive day after being barred by SEBI for alleged fund diversion and record falsification.
- The company's promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, have been prohibited from holding any key managerial positions within the company.
- Gensol Engineering's Independent Director, Arun Menon, has tendered his resignation, and the company's announced stock split has been halted by SEBI.
- The decline in share price and regulatory actions have impacted investor sentiment.
Read Full Article
2 Likes
Bloomberg Quint
4d
239
Image Credit: Bloomberg Quint
Wipro Q4 Review — Weak Results; Tariff Disruption To Delay Recovery Further; Dolat Capital Cuts Target Price
- Wipro's Q4 results have been weak with a decline in revenue.
- Dolat Capital cuts the target price and maintains 'Reduce' rating for Wipro.
- Q1 FY26 guidance suggests another year of muted growth for Wipro.
- The growth outlook remains hazy for Wipro despite eased valuations.
Read Full Article
14 Likes
Medium
4d
109
Image Credit: Medium
I Tried Earning Just $1 Online
- The author reflects on the experience of earning their first dollar online and how it changed their perspective on work and self-belief.
- Many people aspire to achieve big goals like passive income and brand partnerships, but it's important to remember that everyone starts with a humble first sale.
- The author shares their personal challenge of earning $1 online in 48 hours to prove that someone would pay for what they created.
- By offering to write a 300-word product description for $1, the author learned the value of taking action and getting started.
Read Full Article
6 Likes
Bloomberg Quint
4d
101
Image Credit: Bloomberg Quint
Waaree Renewable Technologies Share Price Rallies After Q4 Profit Jumps 83%
- Waaree Renewable Technologies reported an 83% jump in net profit and a 74% increase in revenue from operations in Q4 FY26.
- The company's EPC sales increased by 76% on an annual basis, and the order book grew by 38% to over 3.2 GW.
- Waaree Renewable Technologies appointed Manmohan Sharma as the chief financial officer and Sudhir Arya as an additional director.
- The share price of Waaree Renewable Technologies opened high at Rs 1,110.35 apiece and has fallen 19.75% on a year-to-date basis.
Read Full Article
6 Likes
Bloomberg Quint
4d
334
Image Credit: Bloomberg Quint
Wipro Share Price Declines As Lower Q1 Q1FY26 Guidance Triggers Target Price Cuts
- Wipro's outlook for the June quarter remains muted with a degrowth of -3.5% to -1.5%.
- Wipro's share price declined over 6% after lowering revenue guidance.
- Brokerages have cut target price on Wipro stock due to bearish outlook.
- Wipro's American Depositary Receipts closed 3.20% lower in New York.
Read Full Article
18 Likes
Bloomberg Quint
4d
64
Image Credit: Bloomberg Quint
Rupee Opens Stronger For Fourth Session Backed By FPI Inflows, US-Japan Trade Talks
- The Indian Rupee opened 21 paise higher at 85.48 to the dollar.
- Foreign investors stayed buyers for a second consecutive session, aiding the currency.
- Tokyo and Washington are underway with trade negotiations, while Beijing has also expressed interest in pursuing talks, given certain conditions are met, boosting risk appetite.
- Oil prices advanced for a second consecutive session after the US declared to reduce Iran's energy exports to zero.
Read Full Article
3 Likes
Bloomberg Quint
4d
640
Image Credit: Bloomberg Quint
Q4 Results Today: Infosys, Tata Elxsi, Jio Financial, HDFC Life Among 12 Companies To Declare Earnings
- As many as 12 companies are slated to announce their Q4 and FY25 results, including Infosys, Tata Elxsi, Jio Financial, HDFC Life, and others.
- Some notable companies on the list include Advik Capital, Devinsu Trading, Indosolar, and National Standard.
- In the previous quarter, Infosys reported an 11.4% YoY rise in net profit, while Jio Financial Services' net profit remained nearly flat.
- Tata Elxsi's net profit declined by 3.6% in the last quarter, but the company saw an increase in revenue from operations.
Read Full Article
19 Likes
Bworldonline
4d
109
Image Credit: Bworldonline
DepEd partners with gov’t agencies to fight ‘alarming rise’ in bullying
- The Department of Education (DepEd) is partnering with other government agencies to address the alarming rise in bullying incidents.
- DepEd aims to combat bullying by working not only within schools but also in households and communities.
- Bullying cases in the National Capital Region (NCR) have increased from 2,268 in the previous school year to 2,500 in the current school year.
- Government agencies are implementing measures such as increased police visibility, activating intervention programs, and enhancing values education curriculum to address bullying.
Read Full Article
6 Likes
HinduBusinessLine
4d
170
Image Credit: HinduBusinessLine
US Tariffs are stoking job fears in China, Morgan Stanley says
- 44% of Chinese consumers fear job loss due to US tariffs, a survey by Morgan Stanley reveals.
- 39% of respondents express increased concerns about unemployment compared to a year ago.
- Morgan Stanley survey shows low consumer confidence in China's economy, worsened by strict Covid policies.
- Outlook for spending weakens and salary cuts are a concern among Chinese consumers.
Read Full Article
9 Likes
Bloomberg Quint
4d
336
Image Credit: Bloomberg Quint
Avalon Tech — Tariff Tailwinds, Growing Client Base Boost Growth Outlook: Motilal Oswal, Maintains 'Buy'
- Avalon Tech, an electronics manufacturing services company, is expected to see improved revenue and profitability as its US operations witness a healthy recovery and the Indian business experiences growth, according to Motilal Oswal.
- Avalon has a favorable tariff environment for India, an increase in domestic demand, stable/improving demand from the US, a healthy client mix, and a favorable manufacturing presence compared to its peers.
- With its well-established manufacturing presence in the US, Avalon is uniquely placed in the Indian electronics manufacturing services sector.
- To continue reading this story, users can subscribe to unlock and enjoy subscriber-only benefits.
Read Full Article
20 Likes
For uninterrupted reading, download the app