News Overview

Advent's investment will be made through compulsory convertible instruments in two tranches, securing a 12.1% stake in the merged entity

The company's total revenues for FY24 amounted to ₹1,314.2 Crore, slightly down by one% from ₹1,327.7 Crore in FY23.

For the entire fiscal year, the company's standalone net profit increased by more than 64% to ₹13,209 Crore.

The Mahindra XUV 3XO, which combines performance and cutting-edge technology, is expected to have an impact on the small SUV market.

HUL saw a 6% decline in net profit for the March quarter, despite a 6% increase in revenue.

IREDA recently announced achieving its highest-ever annual loan sanctions and disbursements in the financial year 2023-24.

Spot gold dropped 0.3% to $2,328.20 an ounce earlier this morning. Futures for US gold were down 0.3% at $2,339.70 an ounce.

Brent crude futures ticked back up to $88.55 a barrel after falling as much as $1, or 1.1%, to $88.50. WTI futures were down 1%.

During the F&O ban period, traders cannot initiate fresh positions in any contracts related to the banned stock.

Asian stocks opened higher on Monday, as investors prepared for the Federal Reserve's scheduled policy meeting later this week.