Homegrown gaming and sports media company Nazara Technologies reported 33 per cent drop in its net profit for the July-September period (Q2 FY25). The company reported a consolidated net profit of Rs 16.24 crore in Q2 FY25, from Rs 24.18 crore in the same quarter last year. On a sequential basis, its profit declined 31 … Read more
Volume beat expectations, but weaker EBITDA spread dampens the earnings Indraprastha Gas Limited (IGL) reported an underwhelming Q2FY25 performance, with Rs5.4bn EBITDA being lower 18.4% YoY and 7.9% QoQ. The Rs4.3bn PAT demonstrated 19.4% YoY decline but experienced a 7.4% QoQ increase. Despite beating volume expectations, the realizations were lower than estimated and elevated gas … Read more
India’s economy is in a "sweet spot" with strong growth and inflation expected to ease in the coming months, according to Moody’s Global Macro Outlook report released on Friday. The global ratings agency has forecast 7.2 per cent growth for calendar year 2024, followed by 6.6 per cent in 2025, and 6.5 per cent in … Read more
Physical gold premiums in India climbed to a near four-month high this week, driven by a rebound in demand as prices dropped, while top consumer China saw limited retail buying interest. Domestic prices in India fell to 73,300 rupees per 10 grams earlier this week after hitting a record high of 79,775 rupees last month. … Read more
India's festive period auto sales by dealers to customers grew about 12%, led by two-wheeler sales on the back of strong rural demand, data from a dealers' body showed on Friday. The Federation of Automobile Dealers Association (FADA) said festive period sales from Oct. 3 to Nov. 13 came in at about 4.3 million units, … Read more
India’s GDP will expand 6.5-7 per cent annually in the next three fiscal years (2025-2027), and the country’s good economic growth prospects will continue to support banks' asset quality, according to a new report. India's infrastructure spending and private consumption will support robust economic growth, said S&P Global Ratings in its latest global bank outlook … Read more
Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger U.S. dollar amid expectations of fewer Federal Reserve rate cuts. Spot gold rose 0.1% to $2,569.69 per ounce by 0308 GMT after a five-session slide. It was down more than 4% for the … Read more
The government on Thursday informed that more than 40 crore gold jewellery items have been hallmarked to date — over 4 lakh gold items being hallmarked per day. In the fourth phase, kicked off by the Bureau of Indian Standards (BIS) from November 5, hallmarking centres have been set up at 18 additional districts … Read more
Honasa Consumer Ltd, the parent company of direct-to-consumer (D2C) brand Mamaearth, on Thursday reported losses to the tune of Rs 18.6 crore in the July-September period (Q2 FY25), from the profit of Rs 29.4 crore in the same quarter last year. In the first six months of current fiscal (FY25), the Mamaearth company saw its … Read more
Petroleum Minister Hardeep Singh Puri on Thursday highlighted the role of Public Sector Enterprises (PSEs) in driving India’s remarkable growth story as the country is headed to become the third largest economy in the world. Sharing key statistics to illustrate the remarkable performance, the minister said that the net worth of Central Public Sector Enterprises … Read more