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Posted on February 14, 2025, by Niftynews Hong Kong: The Hang Seng Index experienced a strong surge today, climbing 666.08 points, or 3.05%, to reach 22,480.45 by 3:12 PM. The remarkable rally is being attributed to a broad-based market boost, with significant contributions from China’s largest technology companies, following reports of a high-profile meeting between Chinese…
Siemens Limited, a leading multinational engineering and technology company, released its Q3 FY25 financial results on February 12, 2025. The company reported a 10% decline in its Profit After Tax (PAT) to ₹372 crore, compared to ₹412 crore in the same quarter last year. Additionally, Siemens’ revenue fell by 3.3% year-on-year (YoY) to ₹3,587.2 crore…
Posted on February 14, 2025, by Niftynews The Indian stock market has experienced a significant correction in recent times, with both the Sensex and Nifty indices witnessing sharp declines. As of February 14, 2025, the Indian stock market has corrected by around 12% from its all-time high, which has raised concerns among investors. Despite measures taken…
Posted on February 14, 2025, by Niftynews Customers of New India Bank in Mumbai were seen queuing up outside the bank today, a day after the Reserve Bank of India (RBI) imposed stringent restrictions on the lender. The RBI’s decision to bar the bank from issuing new loans and suspend deposit withdrawals for the next six…
Posted on February 14, 2025, by Niftynews Shares of Manappuram Finance, Fusion Microfinance, IIFL Finance, and Repco Home Finance saw sharp declines following disappointing Q3 results. The stock price movements reflect growing concerns among investors in the financial sector, with these companies facing several headwinds. Stock Price Movements on February 14, 2025 These declines come after…
Tech Mahindra, one of India’s leading IT service providers, saw its stock rise on Friday after announcing a strategic partnership with Airtm, a global digital payment platform. This collaboration aims to enhance financial accessibility for global gig workers and expand payment capabilities through Tech Mahindra’s crowdsourcing platform, Populii. The deal marks a significant step in…
Hindalco Industries, a flagship company of the Aditya Birla Group, saw a strong market response after posting impressive financial results for the third quarter (Q3) of the fiscal year. The company’s consolidated net profit surged by 60%, driven by robust earnings from its India business. On February 14, shares traded in positive territory as investors…
Posted on February 14, 2025, by Niftynews The Hexaware IPO, which opened on February 12, 2025, is closing today, February 14, 2025. Despite being valued at approximately ₹8,750 crore, the Hexaware IPO has seen a lackluster response from investors, with subscription figures well below expectations. Hexaware IPO Subscription Status As of the close of Day 2…
Posted on February 14, 2025, by Niftynews The Quality Power IPO starts today, February 14, 2025, with shares priced between ₹401-₹425 each. Investors can apply for a minimum of 26 shares, and the issue is expected to raise ₹858.70 crore. The IPO closes for bidding on February 18, 2025. About Quality Power Electrical Equipments Incorporated in…
Posted on February 14, 2025, by Niftynews Shares of Senco Gold, one of India’s leading jewellery retailers, plummeted 19% to ₹363.75, reaching a 9-month low on February 14, 2025. The sharp drop came after the company reported weak financial results for the December quarter, dampening investor sentiment. Senco Gold Results: Profitability Takes a Hit For Q3…