Indian banks are bracing for significant financial losses after the Supreme Court struck down JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL), ordering its liquidation due to payment structure violations and implementation delays. Impact on Banking Sector The ruling has thrown one of India’s largest insolvency cases into turmoil, with banks…
IT services firm Coforge Ltd has reported a 16.76% increase in net profit for the fourth quarter of FY25, reaching ₹261.20 crore, but missing market expectations. The company’s total contract value (TCV) for the quarter stood at $1.56 billion, reflecting strong deal momentum despite revenue projections falling short. Financial Performance Overview Coforge’s Q4 revenue from…
India is on track to surpass Japan and become the world’s fourth-largest economy in 2025, according to the latest World Economic Outlook report by the International Monetary Fund (IMF). The country’s nominal GDP for 2025 is projected to reach $4.187 trillion, slightly ahead of Japan’s estimated $4.186 trillion. India’s Economic Growth Trajectory India, which was…
Reliance Industries Limited (RIL) has reported strong Q4 FY25 results, beating market expectations with a 6% year-on-year (YoY) rise in consolidated profit, reaching ₹22,434 crore. The company’s revenue from operations surged 17.7% YoY to ₹33,986 crore, driven by robust performances in its Jio and Retail segments. Key Financial Highlights Market Reaction and Expert Opinions Analysts…
Electric two-wheeler (E2W) manufacturer Ather Energy, backed by Tiger Global and Hero MotoCorp, is set to launch its ₹2,981-crore Initial Public Offering (IPO) on Monday, April 28, 2025. The IPO will remain open for public subscription until April 30, 2025. Key Details of the Ather Energy IPO Use of IPO Proceeds Ather Energy plans to…
Adani Ports and Special Economic Zone (APSEZ), India’s largest integrated ports and logistics company, is set to declare its January-March quarter results on May 1, 2025. The announcement was made through an exchange filing, confirming that the Board of Directors will meet to review the audited financial results for the quarter and fiscal year ending…
Swiggy, India’s leading food delivery and quick commerce platform, witnessed a 6% decline in its stock price on April 25, marking its biggest one-day drop in over two months. The stock hit a one-week low of ₹321.40, raising concerns among investors about market volatility and upcoming shareholder exits. Key Factors Behind the Sharp Decline What’s…
Vedanta Group firm Hindustan Zinc Ltd (HZL) has posted a 47% year-on-year (YoY) increase in its Q4 FY25 consolidated net profit, reaching ₹3,003 crore. The company attributes this growth to record metal production, lower production costs, and improved market premiums. Key Financial Highlights Strategic Developments Market Performance Despite strong financial results, Hindustan Zinc’s stock slipped…
Zomato’s food delivery division is undergoing a significant leadership transition as Rakesh Ranjan, the Chief Executive Officer of the segment, has stepped down from his role. The move comes as part of an internal restructuring within Eternal, Zomato’s parent company. Founder and Group CEO Deepinder Goyal will temporarily oversee the food delivery vertical until a…
The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Thursday, with the benchmark Karachi-100 index dropping over 2% following India’s decision to suspend the Indus Water Treaty. The move, announced in response to the Pahalgam terror attack, has intensified geopolitical tensions between the two nations, triggering panic among investors. The Karachi-100 index fell by…
