Bharti Airtel stock slips after Singtel sells 0.8% stake Shares of Bharti Airtel fell sharply, dropping about 4.46% on the Sensex after Singapore Telecommunications (Singtel) announced the sale of roughly 0.8% of the company. The stake was divested for around ₹10,353 crore (about SGD 1.5 billion). What the transaction involved Seller: Singtel Stake sold: ~0.8% … Read more
The Indian rupee slipped as traders pointed to intense selling in domestic equity markets and a rise in crude oil prices overseas. Forex participants said these twin pressures have weighed on the currency, prompting investors to reassess short-term positions. What pushed the rupee lower Two main forces are at work. First, heavy selling in equities … Read more
Early trade sell-off pulls benchmarks lower Indian equity benchmarks opened sharply lower, with the BSE Sensex sliding 631.93 points to 82,679.08 in early trade. The NSE Nifty also gave up ground, falling 184.55 points to 25,325.15. Market snapshot Sensex: down 631.93 points to 82,679.08 Nifty: down 184.55 points to 25,325.15 Session: early trade marked by … Read more
IPO modestly oversubscribed at 1.07 times The company’s initial public offering attracted bids for 39,16,33,950 shares against 36,47,76,528 shares on offer, translating into a subscription level of 1.07 times, according to data available with the NSE till 11:45 hours. Quick snapshot Bids received: 39,16,33,950 shares Shares on offer: 36,47,76,528 shares Subscription level: 1.07 times (NSE … Read more
Markets open higher as Sensex and Nifty gain in early trade The domestic equity market began the session on a positive note, with benchmark indices moving higher in early trade. The Sensex rose by 321.81 points (0.39%) to close in early action at 83,780.96, while the Nifty added 57.05 points (0.22%) to reach 25,654.70. Market … Read more
Asian stock markets opened on a positive note as major indexes across the region moved into the green. Investors welcomed a risk-on tone, with gains seen from Seoul to Tokyo and on the Chinese mainland and in Hong Kong. Market snapshot South Korea: Kospi traded in positive territory, reflecting broad buying interest. Japan: The Nikkei … Read more
Formulations accounted for ₹7,325 crore of revenue, up from ₹6,640 crore a year earlier — a 10.3% year‑on‑year increase. That rise reflects a stronger contribution from finished pharmaceutical products within the company’s revenue mix. Key takeaways Formulations revenue grew to ₹7,325 crore, marking a 10.3% YoY increase. The jump from ₹6,640 crore suggests improving demand … Read more
Operating profit rises to ₹471 crore for the quarter The company reported an operating profit of ₹471 crore for the quarter, up from ₹428 crore a year earlier. That represents an increase of ₹43 crore, or roughly 10% year‑on‑year. Quarterly performance highlights Operating profit: ₹471 crore (up from ₹428 crore) Year‑on‑year change: +₹43 crore, ~10% … Read more
Rupee’s Rally Curtailed by Firm Dollar and Fund Outflows The Indian rupee tried to move higher but failed to make a sharp gain as forex traders pointed to a firm dollar, steady outflows of foreign funds and subdued domestic equity markets as key constraints. What held the rupee back? Strong dollar: A resilient US dollar … Read more
Asian equities finish lower as risk appetite cools Major Asian benchmarks ended the trading session under pressure. South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng all settled lower as investors took a cautious stance. Market snapshot Kospi: Closed down as traders weighed domestic earnings and regional sentiment. Nikkei 225: … Read more