Author: Abizar Attari
News Editor

New Delhi: India’s leading engineering and construction firm, Larsen and Toubro (L&T), announced its Q4 results on May 8. The consolidated net profit increased from Rs. 4,396 to Rs. 5,497 during the corresponding period last year. Its revenue rose 11% from Rs. 67,079 in Q4 FY2024 to Rs. 75,392 for Q4 FY2025, missing brokerage estimates. L&T won orders worth Rs. 3,56,631 crore in the financial year ending March 31,2025. International Orders comprised 58% of the total order inflow, registering an 18% year-on-year growth.  The company has announced a dividend of Rs. 34 per share.”The company will pursue its stated objective…

New Delhi: In the early morning trading hours, the Sensex and Nifty were below their 80,000 and 24,000 marks, respectively, due to heightened military tensions between India and Pakistan. Reports have claimed Pakistani drone strikes at Jammu, Udhampur and Pathankot, but all have been neutralised.  Even though the threat of a full-blown war cannot be ruled out, market watchers and investors aren’t worried about the volatility of their investments, as similar situations earlier haven’t had much effect earlier as well. In fact, early trends suggest some companies are actually doing quite well- Titan’s shares have risen 5% to an intra-day…

Mumbai: Aegis Logistics, an integrated Oil and Gas Logistics Company, has risen to Rs. 845.3 on the NSE on account of strong revenue growth and a 5% rise in Profit After Tax, even though revenues declined 9% Y-o-Y. This stock has even managed to outperform the Sensex (9.84%), and many analysts are upholding their ‘Hold’ rating for it. With increased demand for e-commerce and institutional logistics, Aegis is one of the frontrunners in the niche, with a pan-India presence and its acquisition of 30 acres of land at JNPA and 7 acres in Kandla Port. It has also filed a…

New Delhi: Even though the threat of a full-blown war between nuclear-armed India and Pakistan refuse to die down, investors aren’t worried about the safety of their investment. They don’t need to. And they have a good reason not to. “Investors may take a momentary pause, but this doesn’t derail India’s trajectory as a key allocation in emerging markets,” explains Mohit Mirpuri, an equity fund manager at SGMC Capital. India’s strong growth prospects, economic and political stability don’t make investors jittery. Early trading on May 7, just hours after the announcement, saw high volatility in the Sensex and Nifty indices,…

New Delhi: The surprise strike on Pakistan’s terror hideouts have made the world sit up and take notice. Ever since the Pahalgam attack on April 22, where 28 were killed, India has taken firm steps to ‘punish’ Pakistan for its unwavering proxy support to terrorist organizations. The Indus Water Treaty, a World Bank-mediated agreement between India and Pakistan, had never been revoked even as two wars and countless skirmishes were fought since it was signed in 1960.  “Bharat ka paani, Bharat ke haq mein bahe ga (India’s water will now flow for India),” PM Modi declared as the treaty was…

New Delhi: On May 6, the Indian Army conducted targeted surgical strikes at 9 locations in Pakistan-Occupied Kashmir and Pakistan’s Punjab Province.  Codenamed ‘Operation Sindoor’, the strikes were a coordinated effort by the Army, Navy and Air Force. The defence ministry said these strikes deliberately avoided Pakistani military installations, and were conducted in a focused, measured and non-escalatory manner. These strikes were in response to the deadly terror attack at a meadow in Pahalgam on April 22 where 28 people were killed. The Resistance Front(TRF), an offshoot of the Laskhar-e-Taiba, claimed responsibility for the attack, along with other similar attacks…

New Delhi: At the end of the trading session, investors saw their Cummins India shares value drop 7% due to economic uncertainties in the US. Jennifer Rumsey, CEO of Cummins Inc said, “due to growing economic uncertainty driven by tariffs we have withdrawn our full year forecast.” “While the outlook for the remainder of the year remains unclear, we remain confident in our position and that our Destination Zero strategy is the right one,” she explained. In India, the company expected a 10% rise in revenue, factoring in their unlisted entities as well, but the Trump administrations tariffs have dampened…

New Delhi: Ather Energy’s IPO, which opened on April 28 and closed on April 30, saw bids for 7.65 crore equity shares against 5.33 crore equity shares on offer. The issue subscribed 1.43 times was a combination of a fresh issue of 8.18 crore equity shares and an offer for sale (OFS) of 1.11 crore equity shares. The price band was Rs.321 per share.  Ather Energy’s shares will be listed both on the BSE and NSE. Early trends suggest that the grey market premium shows mild gains with a premium of Rs.10-12 per share.  Experts say the tepid premium on…

New Delhi: Following months of negotiations, Japan-based Sumitomo Mitsui Banking Corporation (SMBC) is all set to acquire a significant stake in Yes Bank from SBI. According to reports, SBI aims to sell about 20 percent of its 23.97 percent controlling stake in the company. There have been significant changes to the deal since talks commenced in 2024, and SMBC is likely to raise its stake to 51 percent eventually. It is also widely expected that the company will infuse fresh capital to the tune of 5-7 percent of its value. Other investors in Yes Bank, including Axis Bank, Kotak Mahindra…

New Delhi: Nearly 6 months after withdrawing from its IPO, Bihar-based BMW Ventures has refiled its papers for an IPO for its market debut. The IPO is for 2.34 crore shares worth Rs. 174 crore for repaying debt. This time, the shares on offer have been reduced by 18,000. BMW ventures deal in trading and distribution of steel products including TMT bars, GI Sheets, HR Sheets, galvanised colour-coated sheets and doors among others. The company also distributes tractor engines and spare parts to rural distributors. Nevertheless, the steel distribution business contributed to about 98% of its revenue in the last…