Apple Inc. has witnessed a substantial increase in iPhone exports from India, indicating a strategic shift from China. What Happened: Apple’s iPhone exports from India saw a 33% rise in the six months leading up to September, reported Bloomberg. The US tech behemoth exported nearly $6 billion (around ₹50,448 crore) worth of iPhones manufactured in India.
Open FlipShares of Ola Electric Mobility Ltd. are down another 2.6% in Tuesday's trading session and have now slipped below their IPO price of ₹76. The stock has declined in three out of the last four trading sessions and in eight out of the last 11 trading sessions. Ola Electric Mobility shares had made their stock market debut on August 9, post which, they had made a high of ₹157.4, before correcting.
Open FlipGodavari Biorefineries IPO: The initial public offering (IPO) of Godavari Biorefineries, the ethanol-based chemicals manufacturer, received decent demand from investors amid volatility in the secondary market. Godavari Biorefineries IPO allotment has been fixed and the shares are likely to make their stock market debut on October 30.
Open FlipAdani Ports and Special Economic Zones Ltd. (APSEZ) on Tuesday, October 29, reported a 40% year-on-year (YoY) rise in net profit at ₹2,445 crore in the second quarter of the financial year 2025. The company posted a net profit of ₹1,748 crore in the corresponding quarter of last year. Revenue for the quarter rose 6.3% year-on-year to ₹7,067 crore.
Open FlipCanara Bank reported a net profit of ₹4,014 crore in second quarter of FY25, marking an 11.3% year-on-year increase from ₹3,605 crore. The improvement is largely supported by enhanced asset quality. The Gross Non-Performing Assets (GNPA) ratio declined to 3.73% from 4.76% last year. Net NPA also reduced to 0.99%, a 42 basis point drop, the bank said in a regulatory filing.
Open FlipChinese property developer Sino-Ocean Group said on Tuesday it would issue new zero-coupon, two-year mandatory convertible bonds and new interest-bearing, perpetual securities to creditors for a total value of $4.02 billion. The state-backed company received a winding-up petition late June, filed by The Bank of New York Mellon in a Hong Kong court.
Open FlipReported Standalone quarterly numbers for Shree Renuka Sugars are: Net Sales at Rs 2,439.70 crore in September 2024 down 1.88% from Rs. 2,486.40 crore in September 2023. Quarterly Net Profit at Rs. 20.30 crore in September 2024 up 111.65% from Rs. 174.20 crore in September 2023. EBITDA stands at Rs. 256.80 crore in September 2024 up 211.27% from Rs. 82.50 crore in September 2023.
Open FlipReported Standalone quarterly numbers for Ideaforge Technology are: Net Sales at Rs 37.20 crore in September 2024 up 56.78% from Rs. 23.73 crore in September 2023. Quarterly Net Loss at Rs. 12.20 crore in September 2024 down 1467.71% from Rs. 0.89 crore in September 2023. EBITDA stands negative at Rs. 8.33 crore in September 2024 down 218.16% from Rs. 7.05 crore in September 2023.
Open FlipReported Standalone quarterly numbers for Restaurant Brands Asia are: Net Sales at Rs 492.12 crore in September 2024 up 8.52% from Rs. 453.47 crore in September 2023. Quarterly Net Loss at Rs. 16.58 crore in September 2024 down 77.51% from Rs. 9.34 crore in September 2023. EBITDA stands at Rs. 77.06 crore in September 2024 up 14.33% from Rs. 67.40 crore in September 2023.
Open FlipReported Standalone quarterly numbers for Interarch Building Products are: Net Sales at Rs 323.28 crore in September 2024 up 8.55% from Rs. 297.82 crore in September 2023. Quarterly Net Profit at Rs. 20.67 crore in September 2024 up 36.18% from Rs. 15.18 crore in September 2023. EBITDA stands at Rs. 30.19 crore in September 2024 up 32.88% from Rs. 22.72 crore in September 2023.
Open FlipReported Standalone quarterly numbers for Spandana Sphoorty Financial are: Net Sales at Rs 640.36 crore in September 2024 up 9.59% from Rs. 584.30 crore in September 2023. Quarterly Net Loss at Rs. 203.93 crore in September 2024 down 275.33% from Rs. 116.31 crore in September 2023. EBITDA stands negative at Rs. 22.84 crore in September 2024 down 105.96% from Rs. 383.05 crore in September 2023.
Open FlipReported Standalone quarterly numbers for Skipper are: Net Sales at Rs 1,109.74 crore in September 2024 up 43.68% from Rs. 772.37 crore in September 2023. Quarterly Net Profit at Rs. 33.94 crore in September 2024 up 78.76% from Rs. 18.98 crore in September 2023. EBITDA stands at Rs. 115.81 crore in September 2024 up 53.25% from Rs. 75.57 crore in September 2023.
Open FlipNila Infrastructures' quarterly net sales decreased by 0.42% to Rs 39.13 crore in September 2024, but quarterly net profit surged 112.38% to Rs 5.31 crore, with EPS increasing to Rs 0.14 from Rs 0.06. Nila Infra shares closed at 11.22 on October 25, 2024, with 0.18% returns over the last 6 months and 76.69% over the last 12 months.
Open FlipReported Standalone quarterly numbers for LG Balakrishnan and Brothers are: Net Sales at Rs 623.67 crore in September 2024 up 8.81% from Rs. 573.18 crore in September 2023. Quarterly Net Profit at Rs. 77.71 crore in September 2024 up 2.63% from Rs. 75.72 crore in September 2023. EBITDA stands at Rs. 122.02 crore in September 2024 up 6.92% from Rs. 114.12 crore in September 2023.
Open FlipThe domestic primary market was bustling in Samvat 2080, with a flurry of high-profile initial public offerings (IPOs) and strong market debuts grabbing investor interest, largely driven by positive market sentiment. A total of 332 companies, including both SME and mainboard, went public, reflecting strong investor enthusiasm and increased corporate confidence.
Open Flip