The stock of Cummins India staged a recovery on Monday with over 6% gain after shedding nearly 7% since declaring the September quarter result on November 7. The company reported a strong double digit growth year-on-year in revenue and profit for the second quarter amid expansion in operating margin before depreciation and amortisation (EBITDA margin).
Open FlipForeign Institutional Investors (FIIs) turned net buyers in the equity market today, purchasing ₹9,947.55 crore worth of equities (provisional). This marks a significant shift, ending a 38-session streak of net selling. Meanwhile, Domestic Institutional Investors (DIIs) net sold equities worth ₹6,907.97 crore (provisional), according to data.
Open FlipPyramid Analytics, an AI business analytics company, said on Monday it has raised $50 million in new financing from BlackRock, the world’s biggest asset manager. The global market for big data and business analytics is projected to reach $665.7 billion by 2033 after being valued at $225.3 billion in 2023, according to Allied Market Research.
Open FlipWipro Ltd on Monday (November 25) announced Omkar Nisal's appointment as the chief executive officer, Europe Strategic Market Unit (SMU), effective immediately. Nisal will report to CEO and MD Srini Pallia and will also join the Wipro executive board. Nisal succeeds Pierre Bruno, who is stepping down. Omkar will continue to be based in London.
Open FlipSebi will auction 17 properties of KBCL India Ltd at a reserve price of Rs 4.23 crore on December 23 to recover money illegally collected from investors. The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors' money.
Open FlipFutures tied to Canada's main stock index rose on Monday, taking cues from Wall Street peers, while investors looked ahead to a week filled with crucial domestic and U.S. economic data. December futures on the S&P/TSX index were up 0.26% at 6:19 a.m. ET (11:19 GMT). On Wall Street, Dow futures touched a record high and led gains among U.S. stock index futures.
Open FlipFIIs continue to remain net sellers in the Indian stock markets for the second consecutive month, with November following a pattern similar to that of October. This shift comes after a period of sustained net buying, which lasted for four months from June to September. The recent decline in FII investments reflects changing market dynamics and investor sentiment.
Open FlipInfrastructure company KEC International Ltd on Monday (November 25) said it has secured new orders worth ₹1,114 crore across its transmission & distribution (T&D), civil, railways, and cables segments. The T&D business received orders for a 400 kV transmission line project in Oman and the supply of towers, hardware, and poles in the Americas.
Open FlipThe central government has so far raised Rs 1,697.398 crore (8.5 percent) via issuances of green bonds out of the budgeted amounts of Rs 20,000 crore in 2024-25, the finance ministry said in a written response in the lower house of the Parliament on November 25. In 2022-23 and 2023-24, the Government of India had raised Rs 16,000 crore and Rs 20,000 crore, respectively.
Open FlipNiva Bupa Health Insurance Company reported a net profit of Rs 13 crore in Q2 FY2025, compared to a net loss of Rs 7.6 crore last year, driven by operational improvements and investment income growth, with a gross written premium of Rs 1,777.3 crore and a market share of 9.9 percent in the retail health segment.
Open FlipHindustan Unilever's board has granted in-principle approval to demerge its ice cream business into a separate listed entity, subject to shareholder and board approval. Shareholders will receive shares in the new entity in proportion to their HUL shareholding, with the aim of maximizing value for all shareholders.
Open FlipThe total amount in inoperative employees' provident fund (EPF) has jumped over five fold to Rs 8,505.23 crore in financial year 2023-24 from Rs 1,638.37 crore in fiscal year 2018-19, Parliament was informed on Monday. In a written reply to Lok Sabha, the Minister of State Shobha Karandlaje stated that there are no unclaimed accounts in EPF scheme run by retirement fund body EPFO.
Open FlipPremier Energies Ltd announced on Monday that its subsidiaries, Premier Energies Global Environment Private Limited, Premier Energies International Private and Premier Energies Photovoltaic Private, have received multiple orders aggregating to ₹1,087 crore. The supply of solar modules is scheduled to commence in January 2025, Premier Energies said in its announcement to the Bombay Stock Exchange.
Open FlipTata Motors is doubling down on its EV ambitions with the rollout of Tata.ev showrooms designed to offer an improved experience for customers, even as the EV market has hit a speed bump. These dedicated retail outlets, initially launched in six locations – two each in Gurgaon and Kochi and one each in Thrissur and Kannur, are designed to address the specific needs of EV buyers in a crowded market.
Open FlipPower transmission and distribution solution provider GE Vernova T&D India Ltd's promoter Grid Equipments Private Ltd on Monday (November 25) announced an offer for sale (OFS) to divest up to 8.38% of the company’s paid-up equity share capital. The floor price for the offer for sale has been set at ₹1,550 per share.
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