SoftBank plans to invest in Indian data centres, industrial robotics as part of AI play
The Japanese technology major is evaluating deals in data centre and industrial robotics and could look at investing $75-150 million per deal once these discussions fructify
Paytm's market share in bill payments drops by 3 percentage points in 2 months
Paytm’s loss of bill payment market share also mirrors the situation the company finds itself in UPI payments as well. The company has lost five percentage points in market share in the last year
In 3-5 years, Piramal Pharma can see 22- 25% EBITDA growth margins: Nandini Piramal
Nandini Piramal projects early teens revenue growth for FY25 and 22-25% EBITDA growth margins in 3-5 years. Revenue increase drives margin expansion through cost optimization and operational excellence, with a focus on CDMO and Indian consumer products growth.
Nvidia rivals gold as shield against inflation: Survey
Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46% of survey participants. But nearly a third said the tech behemoths are their first pick for the role.
Aquarius horoscope Tuesday May 14, 2024: Ganesha says there is a possibility of profit from shares, commodities, or any kind of old investment
There will be chances of making investments related to land and property. There are indications of good profits for businessmen doing business related to land and property. Love affairs are likely to be very good. You may spend hours talking to your lover.
Cipla shares gain 6% on upbeat Q4 numbers
Jefferies has maintained its 'Hold' rating while increasing the price target from ₹1,250 to ₹1,400. "We maintain our Hold rating on the stock, as the company continues to falter on key product launches in the US along with inability to meet its own launch guidance while the stock trades at rich valuation of 24x FY26 EPS," said Jefferies' analysts.
Muthoot FinCorp to rely less on flagship gold loans
Muthoot FinCorp aims to diversify from gold loans to 80% in 3 years, becoming a full-stack financial services provider. Plans include expanding branches, hiring, and offering new services to lower-middle income groups.
Bulk deals : Axis Mutual Fund buys 0.76% stake in Anant Raj Industries
Axis Mutual Fund A/C Small-cap Fund bought 26 lakh in Anant Raj Industries.
Aditya Birla Capital Q4 profit doubles to Rs 1,245 crore
ABCL is the holding company for the financial services businesses of Aditya Birla Group
Jindal Steel Q4 Results: Profit doubles in March quarter on lower costs
The steel-maker’s consolidated net profit was Rs 933 crore, while total revenue from operations fell over 1% on year to Rs 13,487 crore.
Chalet Hotels Q4 Results: Profit Rises, But Misses Estimates
The hospitality firm's profit increased 121.6% to Rs 82.4 crore in the quarter-ended March
DLF Q4 Results: Net profit jumps 62% YoY to Rs 920.71 crore
Realty major DLF Ltd on Monday reported a 62 per cent increase in its consolidated net profit to Rs 920.71 crore in the quarter ended March on higher income amid strong housing sales. Its net profit stood at Rs 570.01 crore in the year-ago period.
Piramal arm buys 9.5% in Annapurna for Rs 300 crore
Piramal Alternatives acquired a stake in Annapurna Finance, becoming a top shareholder. Nuveen holds 11%. Kikani cited microfinance's 32% CAGR. Annapurna's AUM is ?10,400 crore. Pattanaik emphasized growth capital's significance.
DLF Q4 results: Net profit up 61.5% to Rs 921 crore, revenue up 47%
DLF's revenue also surged nearly 47 percent YoY to Rs 2,135 crore in the January-March quarter compared to Rs 1,456 crore the firm reported in Q4FY23.
Gold Declines Rs 100 To Rs 73,150
In the global markets, spot gold at Comex was trading at $2,347 per ounce, down $13 from the previous close.