Friday, October 31

News

Copper futures prices gain on spot demand
Business, News

Copper futures prices gain on spot demand

New Delhi, Copper futures prices on Monday rose 0.16 per cent to Rs 885.65 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for September delivery rose by Rs 1.45, or 0.16 per cent, to Rs 885.65 per kg in a business turnover of 1,206 lots. Analysts attributed the rise in copper prices to higher bets by participants.
ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y
Business, News

ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y

India's leading fast-moving consumer goods (FMCG) company, ITC Ltd on Friday, August 1, reported a steady standalone net profit of ₹4,912 crore for the April-June quarter as against ₹4,917 crore in the same period last year. However, the company's operating revenue during the quarter under review grew 20% y-o-y to ₹21,059 crore as against ₹17,593 crore in the same period a year ago. This strong growth in revenue was led by cigarettes, agribusiness and FMCG. ITC reported stable operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA) grew 3% to ₹6,261 crore in Q1 FY26 from ₹6,086 crore in the same quarter last fiscal. In Q1 FY26, EBITDA margin declined to 30% from 34.5% in the same quarter last fiscal. ITC said it delivered strong perfo...
Maruti Suzuki July sales gain 3%
Business, News

Maruti Suzuki July sales gain 3%

New Delhi, Maruti Suzuki India on Friday reported that total sales in July rose 3 percent year-on-year to 1,80,526 units, led by exports. The leading automaker had sold a total of 1,75,041 vehicles in the same month last year. Total domestic passenger vehicles dispatched to dealers grew marginally as compared to 1,37,463 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars such as Alto and S-Presso declined to 6,822 units from 9,960 units in July 2024. Sales of compact cars including Baleno, Dzire, Ignis and Swift rose to 65,667 units from 58,682 units a year ago. Sales of utility vehicles such as Grand Vitara, Brezza, Ertiga and XL6 stood at 52,773 units last month as against 56,302 units in July last year. Sales o...
Guar gum futures prices increase on strong demand
Business, News

Guar gum futures prices increase on strong demand

New Delhi, Guar gum prices rose by Rs 84 to Rs 9,691 per quintal in futures trade on Thursday as speculators increased their deal size amid strong spot demand. At the National Commodity and Derivatives Exchange, the price of guar gum contract for August delivery rose by Rs 84, or 0.87 per cent, to Rs 9,691 per quintal in a business turnover of 29,185 lots. Analysts said that in view of the strong spot market trend, traders increased their deal size, leading to a rise in guar gum prices.
PNB Q1 profit downgrade, shares down 1%
Business, News

PNB Q1 profit downgrade, shares down 1%

New Delhi, Shares of Punjab National Bank (PNB) fell over 1 per cent on Wednesday after the bank reported a 48 percent drop in its standalone net profit for the June quarter. The stock closed 1.10 percent lower at Rs 108.10 per share on the BSE. During the day's trade, it fell 1.60 per cent to Rs 107.55 per share. On the NSE, the company's shares fell 1.07 percent to Rs 108.11 per share. Punjab National Bank on Wednesday reported that its standalone net profit for the quarter ended June 30, 2025 fell 48 percent to Rs 1,675 crore due to increased tax expenses. The state-owned bank had reported a net profit of Rs 3,252 crore in the same period a year ago. PNB said in a regulatory filing that its total income rose to Rs 37,232 crore from Rs 32,166 crore in the quarter under re...
Shillong Ropeway Project Hit By PIL On Felling Trees
News, Shillong

Shillong Ropeway Project Hit By PIL On Felling Trees

A Public Interest Litigation (PIL) filed in the Meghalaya High Court has stalled progress on the Shillong Ropeway Project due to concerns over tree felling in the Lawsohtun area. A state-level committee informed the court that numerous trees were cut down in East Khasi Hills’ Raid Laban Reserve Forest to make way for the Shillong Peak Ropeway Cable Car Project, initiated by the Tourism Department. Tourism Minister Paul Lyngdoh responded to the court's concerns, stating that the government had secured all required clearances, including permission from the Ministry of Environment, Forest, and Climate Change, prior to starting work. He emphasized that the project adhered to legal requirements and that the court had been duly informed of the approvals. Lyngdoh added that afforestation w...
Aluminium futures downturn on low demand
Business, News

Aluminium futures downturn on low demand

New Delhi: Aluminium prices fell by Rs 1.30 to Rs 252.90 per kg in futures trade on Tuesday as traders offloaded their positions following a weak trend in the spot market. Aluminium contracts for August delivery fell by Rs 1.30, or 0.51 percent, to Rs 252.90 per kg on the Multi Commodity Exchange in a business turnover of 4,692 lots. Analysts said the fall in aluminium prices was mainly due to traders offloading their positions on account of weak demand from consuming industries.
Crude oil prices gain on spot demand
Business, News

Crude oil prices gain on spot demand

New Delhi, Crude oil prices rose by Rs 22 to Rs 5,670 per barrel in futures trade on Monday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 22 or 0.39 percent to Rs 5,670 per barrel in a business of 11,085 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.54 percent higher at $65.51 per barrel in New York, while Brent crude rose 0.57 per cent to $68.83 per barrel.
Kotak Mahindra Bank Q1 results: Net profit at ₹3,282 crore; Net profit (NII) gain 6% YoY
Business, News

Kotak Mahindra Bank Q1 results: Net profit at ₹3,282 crore; Net profit (NII) gain 6% YoY

The country's leading private sector lender, Kotak Mahindra Bank on Saturday, July 26, reported a net profit of ₹3,282 crore in the first quarter of the current financial year, down 8% from ₹3,552 crore in the previous quarter. On a yearly basis, the profit figures are not comparable as the bank had made an exceptional profit of ₹3,520 crore last year by selling its 70% stake in Kotak Mahindra General Insurance to Zurich Insurance Company Limited. The bank's provision in the first quarter more than doubled to ₹1,208 crore from ₹578 crore in the same quarter last year. The bank's net interest income, i.e. the difference between interest earned on loans and spent on deposits, rose 6% to ₹7,259 crore from ₹6,842 crore in the same period last year. The bank's asset quality saw a m...
Bajaj Finserv Q1 results: Net profit gain 30%, revenue at ₹35,439 crore
Business, News

Bajaj Finserv Q1 results: Net profit gain 30%, revenue at ₹35,439 crore

NBFC company Bajaj Finserv reported a 30.4% rise in its consolidated net profit for the quarter ended June 30, 2025, at ₹2,789 crore as against ₹2,138 crore in the same quarter of the previous fiscal. The company's operating revenue in Q1 FY26 stood at ₹35,439 crore year-on-year (YoY) as against ₹31,480 crore in the same quarter of the previous fiscal, registering a growth of 12.5%. The NBFC company said it continues to focus on the growth of its emerging businesses, which include Bajaj Finserv Health, Bajaj Finserv Direct, Bajaj Finserv Asset Management and Bajaj Finserv Ventures. Losses from these businesses stood at ₹142 crore in Q1 FY26. Following the earnings data, shares of Bajaj Finserv were seen trading 3.32% lower at ₹1,964.90 per share on the NSE. Finance & Insur...