Voltas reported its earnings for the quarter ended September just after market close on Tuesday. What Happened: The consumer durables company’s net profit for the quarter under review stood at ₹134 crore, a 265% increase from the ₹36.7 crore posted in the same quarter last year. The company's revenue from operations went up 14.3% year-on-year, to ₹2,619 crore.

Wind turbine manufacturer Suzlon Energy Ltd has earmarked capital expenditure (capex) of Rs 300 crore for financial year (FY) 2025 in a bid to enhance capacity amid growing demand for renewable power in India, the company's Chief Financial Officer (CFO), Himanshu Mody, told Moneycontrol in an interview. The wind energy player has a total capacity of 3.1 gigs watts (GW).

Tata Power, which will announce its Q2FY25 earnings on October 30, is expected to report a 11 percent increase in revenue year-on-year (YoY) at Rs 17,522 crore in the July-to-September quarter. The power company is also estimated to report an EBITDA margin of around 19.2 percent, marginally down from 19.6 percent in the corresponding quarter of the previous fiscal.

📌The top gainers within the Nifty index included SBI (up 5.13%), Bharat Electronics (up 5.04%), Eicher Motors (up 3.76%), SBI Life Insurance Company (up 3.45%), and HDFC Life Insurance Company (up 3.36%). 📌Conversely, the top losers were Tata Motors (down 4.06%), Maruti Suzuki India (down 3.81%), Hero Motocorp (down 2.85%), Dr. Reddy's Laboratories (down 2.81%), and Cipla (down 1.70%).

The board of Adani Enterprises today approved a fundraise via public issuance of NCDs worth Rs 2,000 crore along with the withdrawal of its draft scheme of arrangement with Adani Wilmar. Adani Enterprises had previously announced that it will demerge its Food FMCG business with all associated activities, assets, liabilities and strategic investments in Adani Commodities LLP to Adani Wilmar.

Commodity markets are surging on expectations of robust demand ahead, with gold prices reaching record highs in global and Indian markets. Silver has also surged, outperforming other metals in 2024 so far. Factors like fiscal instability, de-dollarisation, and geopolitical tensions have driven these gains.

OTTplay Premium, India’s Super OTT App and leading AI-based recommendation engine, is delighted to announce a strategic partnership with JioCinema, further strengthening its content portfolio and enhancing the streaming experience for its users. With this partnership, OTTplay Premium subscribers will now have access to JioCinema’s premium content library.

Marico reported a 20.3% rise in consolidated net profit to ₹433 crore for the quarter ending September 2024, up from ₹360 crore in the same period last year, as per its exchange filing on Tuesday. Total income increased to ₹2,746 crore in the reporting period, up from ₹2,514 cr a year ago. Revenue from operations rose by 7.6% to ₹2,664 crore, compared to ₹2,476 crore in the same quarter last year.

After volatility since opening, the Nifty 50 gained strength in the last couple of hours of trade and closed half a percent higher, though it still traded within the previous day's range. The index needs to decisively close above 24,500, a key hurdle that also coincides with the 100-day EMA, for further rallies towards the 24,600 mark, followed by the 24,800-24,900 zone.

The Nifty Bank index surged over 1,000 points, led by ICICI Bank and HDFC Bank, with ICICI Bank contributing over 400 points to the gains, and State Bank of India rallying 5%. The Nifty Bank has reached the higher end of the 51,000-52,500 range, driven by positive earnings reports and improved sentiments around PSU Banks.

HUDCO reported its earnings for the quarter ended September just before market close on Tuesday. Shares of the company skyrocketed as soon as the results came out. What Happened: The company's net profit for the quarter under review stood at ₹688 crore, a 52% jump from the ₹452 crore posted in the same quarter last year.

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 363.99 points or 0.45% at 80,369.03, and the Nifty was up 127.70 points or 0.52% at 24,466.85. 📊 Among sectoral, Nifty PSU Bank (⬆️3.64%) turned out to be the best performer while Nifty Auto (⬇️1.57%) saw considerable selling.

Shares of Indraprastha gas rose 5% to their day’s high of Rs 425.50 on BSE even as the company reported a year-on-year fall of 17.8% in its net profit to Rs 454.1 crore for the second quarter of the financial year 2025.The profit for the same quarter of the previous year was reported at Rs 552.6 crore. However, IGL’s revenue witnessed a rise of 7% YoY to Rs 4,088 crore for the quarter.

Ola Electric Mobility‘s shares have fallen below its listing price of ₹76 on Tuesday. What Happened: Ola Electric’s shares have fallen 3.54% to an intraday low of ₹74.84 on Tuesday, sliding below the company’s listing price of ₹76. The shares have fallen 7% in the week and 50% from its all-time high of ₹157.40 in August.

Listed realty developer Anant Raj Ltd will raise up to Rs 2,000 crore via Qualified Institutional Placement (QIP) for expansion and development of projects.Earlier this year, the company had raised Rs 500 crore QIP and used part of the funds raised to bring down the debt and working capital requirements.The company has plans to invest around Rs 1,000 crore to develop a total of four projects.