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Shares of Jio Financial Services rose 7 to an intraday high of Rs 320.50 after NSE included the company in F&O contract.NSE released that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading from November 29.In a indirect, NSE said, “ Members are advised to note that predicated on the stock selection criteria laid down by SEBI vide indirect no. SEBI/ HO/ MRD/ MRD- POD- 2/ P/ CIR/ 2024/116 dated August 30, 2024 and upon receipt of approbation from SEBI, members are hereby notified that futures and options contracts on the following 45 fresh securities will be available for trading from November 29, 2024. Jio Financial Services Q2 PerformanceThe company reported a 3 rise in its net profit for the alternate quarter of FY25 to Rs 668 crore as...

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...

Nov 4 (Reuters) - Oil prices rose nearly 3% on Monday after OPEC+ decided to delay plans to raise output by a month, while investors also focused on the U.S. presidential election.Brent futures rose $1.98, or 2.7%, to $75.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.98, or 2.85%, to $71.47. Brent fell nearly 4% last week, while WTI fell nearly 3%.On Sunday, OPEC+ said it would extend its production cut of 2.2 million barrels per day (bpd) for another month in December, having already delayed an increase from October because of falling prices and weak demand.OPEC+, the Organization of Petroleum Exporting Countries, Russia and other allies were to increase monthly output by 180,000 bpd from December.Macquarie energy strategist Walt Chancellor said the extension to the full ...

Ashok Leyland shares fell over 3 per cent on November 4 after it reported a marginal decline in October sales.As of 11:10 am, the stock was trading 2 per cent lower at Rs 204. Though it has gained 10 per cent so far this year, in line with the performance of the Nifty 50, Ashok Leyland has posted monthly losses from August to October.The company reported total vehicle sales of 15,310 units in October 2024, a decline of 9 per cent as compared to 16,864 units in October 2023. Domestic sales declined 11 per cent to 14,067 units as compared to 15,759 units sold in the previous year. Medium and heavy commercial vehicle (M&HCV) sales also declined 8 per cent to 9,408 units, while light commercial vehicle (LCV) sales fell 12 per cent year-on-year to 5,902 units.Total sales of medium and heav...

The two-wheeler manufacturer's total sales grew 13% to 489,015 units in October 2024, as against 434,714 units sold in October 2023.Total two-wheeler sales registered a growth of 14%, growing from 420,610 units in October 2023 to 478,159 units in October 2024.Domestic two-wheeler sales stood at 390,489 units in October 2024, up 13% from 344,957 units sold in October 2023.Motorcycle sales stood at 230,822 units in October 2024, registering a growth of 14% as compared to 201,965 units in October 2023. Scooters registered a growth of 17%, with sales increasing from 165,135 units in October 2023 to 193,439 units in October 2024.Electric vehicle (EV) sales grew by 45% over the previous year, with the number of units sold increasing from 20,153 in October 2023 to 29,308 in October 2024.The comp...