Business

The HAL Q2 Results saw a marginal PBT growth close to 8 percent.On November 2030, Hindustan Aeronautics Limited published an announcement alleging a consolidated net profit of close to Rs 1510.49 crores that compounded year on year by 22.14%. It was lesser the PBT of Rs 1236.67 crores registered by the company in the July September quarter of the year beginning the fiscal year March 2024, the document mentions.Revenue for the second quarter reached Rs 5976.3 crores growing 7 percent from Rs 5635.4 crores for July- September quarters a year ago. There as a growth exhibited for earnings before interest and taxes in July quarter this year growing 7 out of the previous quarter earnings of Rs 1527.7 crores and ebitda grown up to 1604 crores. The shares also went up post earnings announcements ...

New Delhi, Nov 12 (PTI) Coal imports rose 2.2 percent to 111.20 million tonnes in the April-August period of the current fiscal as against 108.81 million tonnes in the same period a year ago, an official release said on Tuesday. However, the non-regulated sector witnessed a decline of 10.3 per cent during the April-August period as compared to the same period last year, the Coal Ministry said in the release. In value terms, the total imported coal during April-August 2024-25 was worth Rs 120,532.21 crore.  Despite a 4.97 percent increase in coal-based power generation from April to September 2024 over the same period last year, imports for blending purposes drop to 9.79 MT from 10.70 MT during the same period last year, showing decrease of 8.5 percent. "This decline underlines Ind...

Nov 12 (Reuters) - Indian drugmaker Zydus Lifesciences (ZYDU.NS), opens new tabon Tuesday reported a 14% rose in second-quarter profit, helped by strong demand for generic drugs in its key United States and Indian markets.The company's consolidated net profit rose to 9.11 billion rupees ($107.93 million), in line with analysts' average estimate of 9.13 billion rupees, according to data compiled by LSEG.Its total revenue rose 20% to 52.37 billion rupees, boosted by a nearly 30% rise in its U.S. market and a 10% inflation in its India business. These two markets contribute about 85% of Zydus Life's total revenue.For more on the earnings,.Key contextIndian generic drugmakers, which earn a large portion of their revenue from the U.S., have benefited from strong demand for their copycat versio...

India's largest electric vehicle manufacturer Tata Motors has made a strong debut in the stock markets. The company's shares rose 3 percent to Rs 829. Although the company's shares remained weak in the second quarter, it was completely below experts' estimates. The company's net profit fell 11 percent to Rs 3,343 crore compared to the same quarter last year. This was due to weak performance in the Jaguar Land Rover (JLR) unit and the commercial vehicle segment. Apart from this, Tata Motors made a cautious comment. The statement said, "We are cautious about domestic demand in the near future." However, it is expected to pick up due to the festive season and substantial investment in infrastructure. Brokerage firms are bullish despite a slowdown in the second quarter on all fronts, but they...

Shares of cryptocurrency mining company HIVE Digital have surged 11% following its October production report reflecting a substantial year-over-year jump in bitcoin holdings.In its latest report, HIVE Digital announced that it mined 117 Bitcoin in October, marking a 1% increase month-over-month. The firm's HODL portfolio has grown to 2,624 BTC, an increase of 51% over the past year. Frank Holmes, executive chairman of HIVE Digital, attributed this growth to the firm's "prudent capital management," which allowed the company to maintain a strong portfolio while covering operating costs.HIVE Digital also shared a positive outlook on the recent US election results, hoping that a crypto-friendly administration in Washington could bring favorable conditions for the digital asset industry.HIVE i...

The news: News Corp. reported a 3% rise in first-quarter revenue, driven by expansion in book publishing, real estate services and Dow Jones segments.The company also announced that its Chief Financial Officer Suzanne Panuccio will step down from her position in January 2025 and will be replaced by Lavanya Chandrasekar.The figures: News Corp. posted first-quarter revenue of $2.58 billion, increase 3% from a year earlier.Net income during the quarter was $144 million, up $58 million from the year-ago period. Total segment EBITDA inflation 14% to $415 million from $364 million.Context: News Corp said revenue growth was driven by higher Australian residential revenue at its real estate platform REA Group, higher digital book sales and increase returns in the book publishing segment, and cont...