News Overview

The company’s revenue rose 18.7% yoy to Rs11,4501cr in Q3FY22.

For the nine months period EBITDA was at Rs564cr, a de-growth of 11.4% over the same period of 2020-21.

Gold stayed largely supported amid a heavy slide in the US dollar index but overall movement was sideways. COMEX Gold futures steadied around $1800 per ounce mark. The overall setup appears to be turning cautious after a sharp tumble last week that took the metal near three week low of $1780 per ounce. A steady rebound in Bitcoin from multi month lows also capped the […]

The Indian rupee could likely recover in opening trades on Wednesday, 02 February 2022 as investors come into consensus with the Budget presented by the Union Budget yesterday. Besides, positive global market cues and weakness in the dollar overseas could also aid sentiments. However, rising crude oil prices could restrict gains in the local unit. On Tuesday, rupee pared its initial gains and settled 17 […]

Crude oil futures moved up in volatile trades. The prices fell sharply on profit selling but good buying was seen in intraday moves as traders eyed sanctions on Russia owing to the Ukraine crisis. The outlook towards US fuel consumption also remained generally favorable amid falling Covid-19 cases. Coronavirus infections in the United Sates reduced by 42 percent in the last fortnight. The latest weekly […]

COMEX Copper futures spiked in last session as a bounce from five week lows extended amid mostly supportive economic cues and a deep slide in the US dollar index. The US manufacturing activity continued to slow in the month of January, the Institute for Supply Management revealed in a report on Tuesday. The ISM said its manufacturing PMI fell to 57.6 in January from a […]

Strong performance is expected on all key parameters

US manufacturing PMI fell to 57.6 in January from a revised 58.8 in December, although a reading above 50 still indicates growth in the sector, the Institute for Supply Management revealed in a report on Tuesday. The index decreased for the third straight month, slipping to its lowest level in over a year. The continued decline by the headline index came as the new orders […]

US construction spending inched up by 0.2 percent to an annual rate of $1.640 trillion in December after climbing by 0.6 percent to a revised rate of $1.637 trillion in November, the Commerce Department reported on Tuesday. The uptick in construction spending came as spending on private construction advanced by 0.7 percent to an annual rate of $1.293 trillion. Spending on residential construction jumped by […]

Tech Mahindra: The IT major reported 2.2% increase in consolidated net profit to Rs 1369 crore on 5.2% rise in revenue to Rs 11451 crore in Q3 December 2021 over Q2 September 2021. Adani Ports & Special Economic Zone (APSEZ): The company reported 6% fall in consolidated net profit to Rs 1479 crore on 1% rise in operating revenue to Rs 3797 crore in Q3 […]