India's Grasim posts 56% Q1 profit drop on chemicals, textile slump
India's Grasim Industries Ltd (GRAS.NS) reported a 56% drop in quarterly profit on Thursday - its fourth straight quarterly fall - as the Aditya Birla Group-owned company was hit by weak chemicals prices and a slump in its textiles business. Key Points
ReutersMark Zuckerberg’s wealth surges by $28 billion as Meta rallies
International Business News: Mark Zuckerberg's wealth surges by $28 billion as Meta rallies. Meta Platforms Inc is back, and so is Mark Zuckerberg’s fortune. The Facebook co-founder’s net worth surged by $28.1 billion after Meta’s quarterly results far exceeded Wall Street’s expectations, sending its shares up about 20%. Key Points
Times Of IndiaMaruti Suzuki India's Q2 profit jumps 80% on SUV demand
Maruti Suzuki India (MRTI.NS), the country's top carmaker by sales, on Friday reported a higher quarterly profit that smashed estimates, as strong demand for its sport utility vehicles (SUVs) and cooling input costs boosted margins. Key Points
ReutersIndia's HPCL posts biggest quarterly profit in a decade
India's Hindustan Petroleum Corp Ltd (HPCL) (HPCL.NS) on Wednesday posted its biggest quarterly profit in more than a decade, aided by higher marketing margins and a fall in crude prices. Key Points
ReutersUS Stocks: Wall Street set for gains after upbeat BofA, J&J earnings
The CBOE Volatility index, also known as Wall Street's fear gauge, slipped to 16.9, its lowest since January 2022. Key Points
Financialexpress
Indian tyremaker MRF posts quarterly profit in line with estimates
India's MRF (MRF.NS) reported quarterly profit broadly in line with expectations on Friday, as the tyremaker benefited from softer raw material prices and steady demand for commercial vehicles. Key Points
ReutersWall Street climbs on signs of easing inflation; chip stocks gain
U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s Key Points
Business TodayNifty may move towards 18181-18300 if it holds above 18000; Cummins, IDFC First Bank among top stocks to buy
This week will be important for both domestic and global markets. The US Federal Reserve's interest rate decision, quarterly earnings of corporates and domestic macroeconomic data will influence trading in the equity market. Key Points
FinancialexpressGovt mulls more frequent job data surveys
India's Ministry of Statistics and Programme Implementation (MoSPI) is considering increasing the frequency of the Periodic Labour Force Survey (PLFS) from quarterly urban unemployment data to monthly, and shifting the release of rural employment data from annual to quarterly. Officials are also discussing revising the base year for gross domestic product (GDP) and inflation. These efforts aim to leverage technology to enhance efficiency and reduce data lag, ensuring compliance with international standards. Key Points
Economic TimesIndia's HPCL posts quarterly profit above estimates on strong marketing margins
India's Hindustan Petroleum Corp Ltd (HPCL) (HPCL.NS) on Monday reported a higher-than-expected quarterly profit, as a ballooning marketing margin helped offset rising crude oil prices. Key Points
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Indian airline IndiGo's operator posts Q2 profit
Airline IndiGo's operator Interglobe Aviation (INGL.NS) reported a second-quarter profit on Friday following steady demand for air travel, which offset a rise in expenses. Key Points
ReutersIndian drugmaker Cipla tops Q2 profit view on solid domestic, N.America sales
Cipla (CIPL.NS), India's No.3 generic drugmaker by sales, reported a better-than-expected quarterly profit on Friday, boosted by strength in its key domestic and North American businesses. Key Points
ReutersIndia's Delhivery says Q1 loss narrowed as demand rose, expenses fell
Indian logistics firm Delhivery (DELH.NS) on Friday reported a narrower quarterly loss helped by a rebound in demand for online shopping and lower operational costs. Key Points
ReutersFact and figures investors and traders should look at before trading in IDFC Bank
In the last four years, only once has the stock of IDFC bank seen an up move of more than 5 percent in the first trading session after its quarterly results. That was when its Q1 of FY 23 results were announced. So all the traders who have bought call and put options have low probability of making those returns which they expect if there is sharp movement in the stock price post result. Whereas within one week of its quarterly results, the stock has seen movement in both directions which would have given option traders returns. So check some facts and figures, before making a decision to take a trade or invest on the day of result. Key Points
Economic TimesT-Mobile posts highest Q2 subscriber adds in eight years, beating estimates
T-Mobile US (TMUS.O) topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as cost-conscious customers flocked to its cheaper plans and superior 5G services in a highly competitive market. Key Points
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India KFC operator Devyani International posts 43% drop in Q2 profit
India's Devyani International (DEVY.NS) reported a 43.2% fall in quarterly profit on Tuesday as a rise in raw material costs at the KFC and Pizza Hut operator overshadowed a bump in promotions-led demand at its fast-food chains. Key Points
ReutersMcDonald's India franchisee Westlife posts surprise profit drop on higher costs
Westlife Foodworld (WEST.NS), which operates McDonald's restaurants in west and south India, reported a surprise drop in quarterly earnings on Thursday as increased costs overshadowed higher sales of its burgers and fried chicken. Key Points
ReutersColgate-Palmolive's Indian unit reports Q1 profit rise on demand recovery
Toothpaste maker Colgate-Palmolive (India)'s (COLG.NS) quarterly profit rose 30.5% on Wednesday, aided by improved domestic demand. Key Points
ReutersFocus on probability of being right than possibility of being right
Noise about a company and its stock are at their highest when quarterly results are announced. The reason, right from the company's management making claims to clarifications, analysts to the media, everyone is focussed on what happened in the previous quarter to get a clue about what will happen in future. To cut through all the noise and make the right decisions, whether it is trading or investing in that stock, some data points with trends are important to look at so that the probability of that decision going right increases. Key Points
Economic TimesIndia's HCLTech Q1 results miss estimates on weak client spending
India's No.3 IT firm HCLTech (HCLT.NS) reported weaker-than-expected quarterly results on Wednesday after its technology and telecom clients cut discretionary spending amid global macroeconomic uncertainties. Key Points
Reuters
Bajaj Finance shares zoom 8% to hit 52-week high. What's cooking?
Shares of Bajaj Finance surged 8% to reach a 52-week high of Rs 7,916.70 following a positive quarterly update. The company reported a 34% increase in new loans booked during Q1 compared to the same quarter last year. Bajaj Finance also recorded the highest-ever quarterly growth in assets under management, which reached approximately Rs 270,050 crore. Its customer base also grew to 72.98 million. With the stock's impressive performance in recent years, global brokerage firm Jefferies reiterated its buy rating and target price of Rs 8,310. Key Points
Economic TimesGail India Q4 Results: Profit slumps 77% as petrochemicals drag, expenses jump
Gail, India's largest gas distributor, reported a 77.5% slump in its quarterly profit on Thursday, dented by weakness in its petrochemicals segment. The company's standalone profit after tax slumped to 6.04 billion rupees ($73.86 million) in the quarter ended March 31, from 26.83 billion rupees a year earlier. The state-owned gas company's revenue from operations rose about 22% to 328.58 billion rupees. Key Points
Economic TimesApple gets a boost in its phone fight with Samsung with record quarterly revenue in India
Apple set record revenues for iPhones in India, among other emerging markets. Cook said iPhone revenue came in ahead of the companys expectations, setting an “all-time record” in India, among quarterly records in other markets. Key Points
Economic TimesAdani Wilmar Q2 Results: Firm posts a loss of Rs 131 crore; revenue drops 13% YoY
The company reported a quarterly loss of Rs 130.73 crore against a profit of Rs 48.76 crore in the year-ago quarter. On a sequential basis, the loss widened from Rs 78.92 crore in the June quarter. Key Points
Economic TimesSensex tumbles over 800 points. Here’s how much money investors lost
Analysts attributed the selloff to continued foreign investor outflows and disappointing quarterly earnings, particularly in banking and auto sectors. Foreign institutional investors (FIIs) reportedly offloaded Rs 2,306 crore worth of Indian equities, extending their selling spree. Key Points
India Today
Markets rebound in early trade on rally in global equities, foreign fund inflows
Buying in IT stocks also adds to the positive trend in equities. Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets... Key Points
The Tribune IndiaQ3 results today: ICICI Bank, Kotak Bank, IDBI among 40 companies to announce earnings
40 companies announcing their quarterly earnings. ICICI Bank and Kotak Mahindra Bank are among the most tracked after results. Other important results include IDBI Bank, IDFC First Bank, IREDA, J&K Bank, JK Cement, Persistent Systems, and Union Bank. Key Points
Economic TimesCatalent beats quarterly revenue estimates
Catalent (CTLT.N) on Wednesday beat Wall Street estimates for quarterly revenue as production showed signs of improvement on the back of a change in management. Key Points
ReutersBurger King's India operator posts narrower Q2 loss on menu and store expansion
Restaurant Brands Asia (RESR.NS), the franchisee of Burger King India, reported a narrower quarterly loss on Wednesday as it added more outlets in the country and expanded its menu. Key Points
ReutersZydus Lifesciences posts 53.3% jump in quarterly profit
India Business News: Indian pharmaceutical company Zydus Lifesciences reported a 53.3% increase in quarterly profit, driven by strong sales in the domestic and US markets. Key Points
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Expedia beats profit estimates, announces $5 bln share buyback
Expedia Group (EXPE.O) on Thursday announced a new share buyback plan of $5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from resilient demand and higher rates that boosted margins. Key Points
ReutersMetLife beats quarterly profit estimates on robust investment income
MetLife (MET.N) on Wednesday reported a third-quarter profit that was above Wall Street expectations, as recovery in the U.S. markets boosted the insurer's return from investments. Key Points
ReutersBio-Techne's quarterly profit misses estimates as biotech funding woes persist
Bio-Techne (TECH.O) missed Wall Street expectations for first-quarter profit on Tuesday, as a persisting funding crunch among its biotech clients weighed on demand for its diagnostic products and compounds used in developing drugs. Key Points
ReutersGillette India's Q1 profit rises on steady demand for grooming products
Gillette India (GILE.NS), known for its shaving razors, posted a nearly 7% rise in its quarterly profit on Tuesday, as moderating inflation helped lift demand for its grooming products, including in the country's hinterlands. Key Points
ReutersT. Rowe beats profit estimates on higher fee-based income
T. Rowe Price Group (TROW.O) reported a better-than-expected quarterly profit on Friday, as concerns about the economy somewhat eased from last year, boosting assets under management at the firm. Key Points
ReutersGold set for monthly fall on Fed rate outlook
By Ashitha Shivaprasad (Reuters) - Gold prices extended declines on Friday and were on track for monthly and quarterly declines on expectations that the U.S. central bank may keep interest rates Key Points
ThePrintBacking Rahul Yadav's 4B Networks was a mistake, says Info Edge's Sanjeev Bikhchandani
The consumer internet group has initiated arbitration proceedings against its portfolio company 4B Networks, founded by Housing.com cofounder Rahul Yadav, after the startup failed to provide crucial information about its operations and management for a forensic audit. Key Points
Economic TimesIndia's Godrej Consumer Products misses Q1 profit view as costs bite
India's Godrej Consumer Products (GOCP.NS) reported a lower-than-expected quarterly profit on Monday, hurt by mounting costs. Key Points
ReutersBiscuit maker Britannia's profit climbs 36% on packaged foods demand
India's Britannia Industries (BRIT.NS) reported a near-36% jump in quarterly earnings on Friday as the Marie Gold biscuits maker stocked up its products in mom-and-pop stores across rural markets. Key Points
ReutersInfineon Q3 revenue slightly above forecast on mixed semiconductor market
German chipmaker Infineon (IFXGn.DE) on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture. Key Points
Reuters
Maruti Suzuki India reports strong Q1FY24 performance with impressive vehicle sales and record net profit
The company focused on reducing its carbon footprint, achieving the highest ever quarterly sales of CNG vehicles, surpassing 113,000 units. CNG penetration also increased to around 27%. Key Points
mintIndia's Marico posts Q1 profit beat as lower costs offset sluggish demand
Indian consumer goods maker Marico (MRCO.NS) reported a bigger-than-expected rise in quarterly profit, as a drop in input costs helped overshadow a fall in revenue due to sluggish rural demand. Key Points
ReutersUnilever's India arm falls after costs hit quarterly profit
Shares of consumer goods major Hindustan Unilever (HLL.NS) fell as much as 2.4% on Friday after reporting a smaller-than-expected increase in June-quarter profit, hurt by higher costs and tepid demand for branded tea. Key Points
ReutersUnilever's India arm misses Q1 profit view on higher expenses
India's Hindustan Unilever (HLL.NS) reported a smaller-than-expected increase in quarterly profit on Thursday as the consumer goods major grappled with higher costs and tepid demand for branded tea. Key Points
ReutersGift Nifty, Asian markets gain following rally in US stocks; check out key global cues for Indian stock market
In the US, strong results from banks helped Dow Jones register its seventh-straight session of gains, its longest streak since March 2021. The index closed at its highest level since April. 2022 Key Points
mint
Nifty IT index stocks: Hold recommendations galore; will analysts be right?
Gone are the days, when a single company was considered a bellwether for IT sector stock. Today, whether it is a large or mid sized company, all have different focus areas and hence their quarterly results tend to differ from one another. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Key Points
Economic TimesLG Energy Solution Q1 profit more than doubles, in line with forecast
South Korea's LG Energy Solution on Wednesday posted a 145% jump in quarterly profit, as the battery maker factored in subsidies from the U.S. Inflation Reduction Act and solid sales of electric vehicles (EVs) in U.S. and European markets. Key Points
ReutersGSTR-1 vs GSTR-3B vs GSTR-9: How do three returns differ for businesses
Ease of doing business for MSMEs: There are around 22 types of GST returns, of which around 4 are suspended and eight are view-only in format. The remaining 11 have to be filed depending on the taxpayer category. Key Points
FinancialexpressStocks climb and U.S. yields fall after inflation dat
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks climbed for a fifth straight day on Friday, with the two-year U.S. Treasury yield set to decline for the first time in nine quarters Key Points
ThePrintStocks climb and U.S. yields fall after inflation data
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks climbed for a fifth straight day on Friday, with the two-year U.S. Treasury yield set to decline for the first time in nine quarters Key Points
ThePrint