Mahindra and Mahindra reported its Q2 results on Thursday. What Happened: Mahindra and Mahindra in its Q2 results reported a 13.19% year-on-year increase in net profit to ₹3,840.88 crore. The Thar maker’s revenue gained 12.94% to ₹27,553.26 crore in the September quarter. Analysts had expected the company to post ₹3,585.95 crore in net profit and ₹27,182.3 crore in revenue.

Japanese brokerage Nomura turned bullish on the electricity grids sector, the domestic power sector is poised for a multi-decade growth story, with strong earnings prospects. India's power transmission sector is ready for significant growth, driven by surging electricity demand and ambitious renewable energy capacity addition targets.

Best remembered for shepherding ICICI’s transformation and eventual merger into ICICI Bank early this century, veteran banker KV Kamath was based in China between 2015 and 2020 to set up New Development Bank, previously BRICS Bank. He believes India remains a bright spot in the global economy, with a 25-year growth runway, and is well-prepared to handle global volatility.

Recently, RITES has secured a significant contract from the Delhi Metro Rail Corporation Limited (DMRC). The company has received a Letter of Acceptance (LOA) on November 5, 2024, for the "Retrofit Work in RS-1 Trains of DMRC." This domestic contract entails the modernization and upgrade of the DMRC's existing RS-1 trains. The project is estimated to be completed within a timeframe of 3 years.

Blue Star Q2 Results: Blue Star declared their Q2 results on November 6, 2024, showcasing a robust performance with a topline increase of 20.4% compared to the same quarter last year. The company reported a significant profit rise of 36.11% year-over-year, reflecting strong operational efficiency despite a challenging market environment.

Reported Consolidated quarterly numbers for Waaree Renewable Technologies are: Net Sales at Rs 524.47 crore in September 2024 up 249.5% from Rs. 150.06 crore in September 2023. Quarterly Net Profit at Rs. 53.54 crore in September 2024 up 192.21% from Rs. 18.32 crore in September 2023. EBITDA stands at Rs. 74.97 crore in September 2024 up 158.87% from Rs. 28.96 crore in September 2023.

Granules India's Q2 results show an 18.74% revenue decline and 4.78% profit drop compared to the same quarter last year, with a concerning trend of declining revenues and profits. Despite quarterly setbacks, the company has shown resilience with a 42.18% return year-to-date, indicating a recovery trend in the longer term.

Today, shares of East West Freight Carriers Limited (earlier known as East West Holdings Ltd) gained 1 per cent to Rs 7.09 per share same as its previous closing of Rs 7.02 per share. East West Freight Carriers Limited has entered into service contract with one of the reputed international freight forwarders, Columbia Transport S.R.L., Italy.

India needs more independent equity clearing corporations with a diverse ownership as being fully owned by stock exchanges raises a conflict of interest, an official from SEBI said on Thursday. In June, SEBI set up a committee to review the ownership structure of clearing corporations to ensure greater independence and resilience.

Reported Standalone quarterly numbers for Spencer Retail are: Net Sales at Rs 443.00 crore in September 2024 down 11.27% from Rs. 499.27 crore in September 2023. Quarterly Net Loss at Rs. 69.33 crore in September 2024 down 22.49% from Rs. 56.60 crore in September 2023. EBITDA stands at Rs. 17.89 crore in September 2024 up 459.24% from Rs. 4.98 crore in September 2023.

During Donald Trump's first term in office, from January 2017 to January 2021, Indian IT stocks experienced a substantial rally. The Nifty IT index delivered a remarkable return of 147%, significantly outpacing the broader Nifty 50, which gained 60% over the same period. Analysts now believe that Indian IT firms are well-positioned to benefit from a potential rebound in U.S. IT spending.

India’s male-grooming sector is yet to deliver on its early promise, despite high expectations and substantial investments, say analysts. Inspired by global success stories like Dollar Shave Club—acquired by Unilever for $1 billion just four years after launching—Indian brands such as Bombay Shaving Company and Beardo entered the market in 2016 with a digital-first approach.

With Donald Trump set to return to the White House, expectations of pro-business moves are rife, including the much-talked about cut in corporate tax rates. Experts told Moneycontrol that such a move may provide a much-needed boost to corporate budgets, and could have a ripple-effect on the American economy, and especially the information technology (IT) service providers.

Sharan Hegde, a financial content creator with 2.7 million Instagram followers, laid off 15% of his company "1% Club"'s workforce, citing AI-driven cost savings, amidst speculation of more extensive layoffs and rumors of financial struggles, which he denied, emphasizing the company's bootstrapped growth and fiscal responsibility.

Tata Power has signed a ₹550 crore agreement with Noida International Airport to supply renewable energy, investing in solar and wind power supply through power purchase agreements managed by Tata Power Trading Company Limited. Tata Power will supply 10.8 megawatts of wind power and develop a 13-megawatt onsite solar power capacity for the airport.