Companies 2

Waaree Energies’ rich valuations confront US business uncertainty

An overwhelming 72 percent of the company’s order book is from the US.

Mahindra to pump Rs 4,500 crore for development of two new electric brands

The Rs 4,500 crore investment is part of the Rs 16,000 crore capex the company has announced for the electric vehicle business between the FY22-27 cycle

SBI fundraise touches Rs 50,000 cr in FY25

The bank garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25

NTPC Green Energy forms JV with Maharashtra State Power Generation Company ahead of market debut

The development comes ahead of NTPC Green Energy's market debut on November 27

Karur Vysya Bank — good quality at reasonable valuation

Negligible exposure to unsecured may help the bank to throw up positive surprises

Google, Meta urge Australia to delay bill on social media ban for children

Google and Meta said in their submissions that the government should wait for the results of an age-verification trial before going ahead.

Maruti looks to diversify export markets; aims to touch 7.5 lakh unit mark by 2030-31

The auto major has already exported 30 lakh units to various markets across the globe

For UPL stock to recover, business and leverage both need repairing

Difficult business conditions and debt taken on for acquisitions are weighing down on its performance. The pace of earnings recovery and balance-sheet deleveraging will determine stock returns

Elections, geopolitics, and poor earnings – How should investors trade a wild market?

Investors should exercise patience and buy the long-term India story at a more reasonable valuation on correction

GNFC, INEOS UK to form JV to build major acetic acid plant in India

The JV will oversee both the plant's operations and coordinate marketing efforts for domestic distribution of acetic acid produced at the facility

Garden Reach Shipbuilders signs pact with West Bengal govt for 13 hybrid ferries

The estimated cost of these six vessels is Rs 126 crore while the remaining seven are expected to cost nearly Rs 100 crore, a company official said

India's pharma market scales new highs despite moderating growth rates

Total sales reached Rs 60,000 crore in the September 2024 quarter

VIP Industries: Is the near-term pain getting priced in?

Can investors bet on a probable turnaround in VIP?

Business in the Week Ahead: November 18-22, 2024

G20 meeting, NTPC Green Energy IPO, flash PMIs and financial results of Waaree Energies are the key events and data to track.

Hero MotoCorp Q2 net profit rises 14% to Rs 1,204 crore, beats estimates

The Pawan Munjal-led company registered an 11 percent year-on-year increase in revenue at Rs 10,463 crore

Safari Industries – Why the stock is a good addition in a volatile market

Diverse product offerings, channel mix, and frugal approach to cost augur well for the company

Apollo Tyres Q2 net profit falls 37% to Rs 297 crore

Unprecedented increases in raw material prices impacted profitability, Apollo Tyres said

IndiGo, Air India cancel flights to Bali following volcanic eruption

The Mount Lewotobi Laki Laki volcano located in a remote island in East Nusa Tenggara province erupted earlier this month and has resulted in ash clouds

Bosch Q2 net profit falls 46% to Rs 536 crore; revenue rises to Rs 4,394 crore

The company anticipates sustained demand across segments driven by the festive period in the next quarter, said MD Guruprasad Mudlapur

Natco Pharma Q2 net profit jumps 83% to Rs 676 crore

Revenue from operations rose to Rs 1,371 crore as compared with Rs 1,031 crore in the year-ago period

CESC Q2 net profit grows 3% to Rs 373 crore

Total income rose to Rs 4,770 crore from Rs 4,414 crore in the year-ago period, CESC said

Kalpataru Projects International raises Rs 200 crore via NCDs

The NCDs will be listed on the Wholesale Debt Market Segment of BSE

RateGain Q2 FY25 – good quarter with indications of near-term softness

The company has lowered revenue guidance for the full year as order wins remain sluggish

Chart of the Day: The remarkable recovery in Power Grid’s capex

Total works in hand rose to Rs 1.43 lakh crore in November 2024 from Rs 50,500 crore in the year ago period.