INDIA
Who Is Justice Sanjiv Khanna, India's 51st Chief Justice?
Justice Sanjiv Khanna has taken on the prestigious role as India’s 51st Chief Justice, succeeding Justice D.Y. Chandrachud. Known for his contributions to several landmark judgments, including the abrogation of Article 370 and the electoral bonds scheme, Justice Khanna brings a legacy of legal expertise to the Supreme Court. His tenure will last until May 2025, during which he is expected to influence critical legal issues facing India. This article explores his journey, background, and the impact he may have as the new Chief Justice.
AUTOMOTIVE
Tata Motors Shares Climb Despite Mixed Q2 Results, Brokerages Remain Optimistic
Despite weaker-than-expected Q2 results, Tata Motors shares rose 3% to Rs 829, driven by investor optimism and sustained brokerage confidence. The company’s Jaguar Land Rover (JLR) unit and commercial vehicle segment faced challenges, but Tata Motors maintains a positive outlook, forecasting a strong recovery in the second half. While some brokerages have reduced their target prices, most remain optimistic about Tata Motors' long-term growth, citing robust EBIT margin projections and recovery prospects for both JLR and the commercial vehicle sector in FY25.
COMPANIES
Groww Expands Lead in Stock Brokerage, Adds 3.5 Lakh Users in October
Groww has solidified its position as India’s top stock brokerage by adding 3.5 lakh users in October, bringing its total active traders to 1.25 crore, nearly doubling its user base in one year. In contrast, closest competitor Zerodha added only 15 lakh new users over the year, leaving a widening gap of 45 lakh between the two. Despite a challenging month in the equity market, Groww’s user acquisition remained strong, underscoring its momentum among new investors.
COMPANIES
Asian Paints Shares Drop 9% Amid Weak Q2 Results and Analyst Downgrades
Asian Paints' shares tumbled over 9% after the release of Q2 FY25 results, which showed a decline in both revenue and profit, disappointing analysts. The company’s operating margins faced pressure due to last year’s price cuts, higher material costs, and increased sales expenses. Major brokerages, including Morgan Stanley, Jefferies, and JPMorgan, responded with downgrades, citing the company's underperformance and rising competition. These challenges have impacted Asian Paints’ stock performance, which has underperformed the Nifty 50 index year-to-date.
VENTURE CAPITAL AND STARTUPS
Zomato Introduces 'Food Rescue' to Cut Food Waste and Offer Deals on Cancelled Orders
Zomato has launched a new feature, 'Food Rescue,' aimed at reducing food waste from cancelled orders. This initiative allows nearby customers to purchase recently cancelled orders at discounted prices, ensuring that food doesn't go to waste. The original restaurant partner will still receive full compensation for the cancelled order, and a share of the payment made by the new customer if the order is claimed. Delivery partners will also be fully compensated for delivering to the new customer. This feature not only minimizes waste but also provides an affordable dining option for users.
AUTOMOTIVE
Tata Motors Expects Stronger Q3 Performance Thanks to Festive Season Boost
Tata Motors anticipates a stronger Q3 performance driven by festive season demand and a strategic focus on passenger vehicles and electric vehicles. Despite a recent 5% drop in Q2 registrations and inventory challenges, the company’s management remains optimistic. New model releases and targeted marketing are expected to increase passenger vehicle sales, especially SUVs, which have shown steady growth. Jaguar Land Rover (JLR) is also on track to recover from earlier supply chain issues, with a forecast of improved sales volumes and better cash flows for the fiscal year.
AUTOMOTIVE
Tata Motors Sees 11% Drop in Q2 Profit to ₹3,343 Crore Due to JLR and Commercial Vehicle Weakness
Tata Motors reported an 11% decline in its Q2 FY25 profit, totalling ₹3,343 crore, largely due to weaker sales at its Jaguar Land Rover (JLR) unit and in the commercial vehicles segment. Revenue also fell by 3.5% year-on-year. The company remains cautious on the near-term domestic demand but is hopeful about the festive season boosting recovery.
AUTOMOTIVE
Ola Electric Narrows Q2 Loss to ₹495 Crore with Strong Sales Growth and Lower Input Costs
Ola Electric reported a narrowed net loss of ₹495 crore for Q2 FY25, improving from ₹524 crore in the same period last year. The company posted a 39% rise in revenue to ₹1,214 crore, driven by strong sales and lower raw material costs. Ola Electric continues to dominate the electric vehicle market, maintaining a 30% market share with 98,619 two-wheeler deliveries.
COMPANIES
Premji Invest Acquires 1.6% Stake in Wipro for ₹4,757 Crore via Block Deal
Premji Invest, the private equity arm of billionaire Azim Premji, has acquired a 1.6% stake in Wipro, investing ₹4,757 crore through a block deal on the NSE. This strategic move, executed via Prazim Trading and Investment Company, strengthens Premji’s holdings in Wipro, with nearly 8.5 crore shares purchased at an average price of ₹560 each. The transaction aligns with Premji’s continued focus on Wipro, contributing to stock momentum as shares rose following the acquisition.
VENTURE CAPITAL AND STARTUPS
PhysicsWallah’s 161% Revenue Boost in FY24 Amidst Growing Losses and $500 Million IPO Plans
Edtech startup PhysicsWallah reported an impressive revenue surge of 161% in FY24, reaching Rs 1,940 crore. However, losses widened significantly to Rs 1,130 crore, largely due to increased costs related to non-cash expenses like Compulsorily Convertible Preference Shares (CCPS) under India’s IND AS accounting standards. The company, now valued at $2.8 billion, is gearing up for a $500 million IPO, with support from top banks and investors, indicating strong growth prospects despite sector challenges. With a large user base and expanding offline centers, PhysicsWallah continues to influence India’s edtech landscape.
WORLD
Why Donald Trump’s Second Term is Making Him More Powerful Than Ever?
Donald Trump's second term as U.S. President has showcased an undeniable consolidation of influence, from securing Supreme Court support to reshaping the Republican appeal among diverse voter groups. Winning both the Electoral College and popular vote, his administration reflects not only a demographic shift but a strategic agenda that could redefine U.S. policies. This article delves into the pivotal factors that solidify Trump as a formidable leader and examines how his policies, judicial appointments, and unprecedented power moves signal an era of impactful governance in America.
FINANCIAL TIPS
Credit Score in 2025: Simple Steps to Improve Your Credit Score for Better Financial Access
A good credit score can open up better financial opportunities. Here’s a straightforward, step-by-step guide to improving your credit score, from making timely payments to monitoring your credit report. Learn how small changes can make a big difference in your credit profile.
IPO
Zinka Logistics (BlackBuck) IPO: Key Details, GMP, and Application Process
Zinka Logistics Solutions Ltd., popularly known as BlackBuck, is gearing up to launch its IPO on November 13, 2024. This digital platform, used by truck operators across India, seeks to raise ₹1,115 crore to fuel its growth in the logistics and transport sector. The IPO will close on November 18, with a price band set between ₹259 and ₹273 per share. Retail and institutional investors alike are watching this IPO closely, particularly given BlackBuck’s strong market positioning and the grey market premium (GMP) trading at ₹24, reflecting a 9% premium. With a minimum application lot of 54 shares, the BlackBuck IPO aims to capture a diverse investor base. Find out everything you need to know about the Zinka Logistics IPO, including allotment dates, application steps, and expected listing on BSE and NSE.
IPO
Swiggy IPO Allotment Expected on November 11: Step-by-Step Guide to Check Allotment Status Online
Swiggy Ltd. is set to finalize its IPO allotment on November 11, 2024. Investors who participated in the IPO can check their allotment status on the BSE, NSE, and Link Intime India’s website. Here’s a step-by-step guide to help investors verify their allotment details quickly and easily.
POLITICS
Maharashtra Assembly Elections 2024: Amit Shah Unveils BJP's Vision for the State
Union Home Minister Amit Shah recently unveiled the BJP's 'Sankalp Patra' for the Maharashtra Assembly elections scheduled for November 20, 2024. Emphasizing the manifesto as a mirror of Maharashtra’s aspirations, Shah critiqued the Congress’s approach on reservation policies and discussed BJP's stance on regional integrity. With PM Modi leading the campaign, BJP aims to strengthen its foothold in Maharashtra as election day approaches.
WORLD
US Fed Rate Cut: How the Fed’s Latest Rate Cut Impacts the US Economy and Future Expectations?
The Federal Reserve has cut its benchmark rate again, signalling ongoing support for the US economy. Learn how the latest decision may affect inflation, the job market, and future economic growth.
IPO
How to Check Sagility India IPO Allotment Status and What to Expect from the Listing Gain?
Sagility India’s IPO was 3.2x subscribed, and allotment details will be finalized today. The listing gain is expected to be modest, with a grey market premium indicating a 1% gain. Here’s how to check your IPO allotment status online.
COMPANIES
Indian Hotels Stock Jumps 4% After Q2 Earnings Surge 232%, Brokerages Cautious
Shares of Indian Hotels Company (IHCL) rose by over 4% following a strong Q2 FY25 earnings report. The company's net profit surged 232% year-on-year to Rs 554.6 crore, fueled by increased occupancy rates and revenue growth. However, brokerages remain cautious despite the positive results, with concerns over sustainability in the long-term.
INDIA
How Trump's Anti-Renewable Energy Policies Could Impact India's Solar Exports by 2025?
India's renewable energy sector, particularly solar module exports, may face challenges due to potential protectionist policies from the Trump administration. With rising tariffs and an anti-China stance, India's solar manufacturers could be in for a tough time in the coming years. This article explores how these developments could affect key Indian players and the broader renewable market.
WORLD
Why Elon Musk's Net Worth Surged by $26 Billion After Trump's Election Victory in 2024?
Tech billionaire Elon Musk saw a significant increase in his net worth, surging by $26.5 billion after Trump's stunning victory in the 2024 election. This article explores the factors behind Musk's wealth boost and the market reaction.
INDIA
Why PSU Rail Stocks RVNL and IRCON Are Falling: Reasons Behind the 7% Q2 Decline
PSU railway stocks like RVNL and Ircon have seen significant drops, with RVNL falling 7% in Q2 2024. Despite growing order books, these companies struggled with profitability, leading to investor concerns and stock sell-offs. This article explains the reasons behind the decline.
WORLD
Why Jerome Powell Won't Step Down as Fed Chair Even If Trump Asks?
Federal Reserve Chair Jerome Powell made a clear statement during a press conference that he would not resign if asked by President Donald Trump. Powell emphasized the independence of the Federal Reserve, asserting that the president does not have the legal authority to fire him or other senior officials. This article discusses Powell's firm stance on protecting the Fed from political influence, despite the ongoing tensions with the Trump administration.
COMPANIES
Why Did Cochin Shipyard’s Stock Fall After Q2 FY24 Results Amid Rising Costs and Lower Margins?
Cochin Shipyard Ltd. (CSL) saw a sharp decline in its stock price after announcing its Q2 FY24 results, where rising operational costs and lower profit margins affected its performance. Despite a 13% rise in revenue and a small profit increase, CSL’s EBITDA margin dropped significantly, leading to concerns among investors. The company also announced a plan to raise funds through US dollar-denominated notes and an interim dividend. This article explores the reasons behind the stock's decline and the company's future plans.
FINANCIAL TIPS
How to Easily Check Your EPF Balance with or without UAN in 2025?
Monitoring your Employee Provident Fund (EPF) balance is essential for financial planning. In 2025, checking your EPF balance can be done through several simple methods, whether you have an activated Universal Account Number (UAN) or not. This guide covers easy steps using the EPFO website, UMANG app, SMS alerts, missed calls, and assistance from your employer, making it convenient to stay updated on your savings.
COMPANIES
Trent Ltd Stock Drops 9% After Block Deal of ₹882 Crore and Q2 Earnings Miss Estimates by ₹109 Crore
Trent Ltd's stock dropped 9% after a ₹882 crore block deal and a Q2 earnings report that missed estimates by ₹109 crore. Despite a 47% rise in net profit and a 39% revenue growth, the company’s performance fell short of analyst expectations.
COMPANIES
Page Industries Declares ₹250 Dividend per Share after Q2 Results; Stock Up 15% in 2024
Page Industries Ltd., the licensee for Jockey and Speedo in India, has declared a ₹250 dividend per share following its strong Q2 results. The company saw a 30.5% rise in net profit and a growth of 6.7% in overall volumes. The stock is up 15% in 2024 and currently trading close to ₹44,616 per share.
IPO
Swiggy IPO Subscription Status Day 2: 32% Subscribed, Retail Investors Lead; Check GMP
Swiggy's IPO is off to a mixed start, with 32% subscription on day two. Retail investors dominate with 74% of bids, while non-institutional investors lag. The company aims to raise Rs 11,327 crore, with shares priced between Rs 371-390. However, the Grey Market Premium (GMP) suggests a modest listing gain of 1-3%. Investors will be watching closely as the IPO closes on November 8.
WORLD
Why Did Donald Trump Really Win? 5 Controversial Factors Behind His 2024 Victory
Donald Trump's 2024 win sparked discussions around his appeal and influence on American politics, defying poll expectations and solidifying his position with an unexpected margin. Key factors like economic anxieties, immigration stances, shifts in voter demographics, cultural polarization, and anti-incumbency pressures contributed to his rise. This article breaks down the controversial reasons behind Trump's return to power, exploring what resonated with voters despite legal and political challenges, and the future implications for U.S. leadership.
COMPANIES
Trent Ltd Posts 47% Net Profit Surge to Rs 335 Crore in Q2 Despite 7% Stock Dip
In Q2 FY25, Trent Ltd, part of the Tata Group, reported an impressive 47% rise in net profit, reaching Rs 335 crore compared to Rs 228 crore in the same quarter last year. Consolidated revenue surged by 39%, amounting to Rs 4,157 crore. Despite this growth, Trent’s shares saw a 7.5% dip due to sequential profit reduction and market fluctuations. Under Chairman Noel Tata, Trent continues to expand its footprint, reaching over 800 fashion stores across 184 cities, with new international ventures like its Zudio store in the UAE marking Trent's ongoing commitment to brand and customer expansion.
STOCK MARKET AND TRADING
Market Dip Follows Trump Rally: Analyzing the Forces Driving Nifty and Sensex Decline
On November 7, India’s Nifty and Sensex indices fell over 1%, reflecting investor caution as the U.S. Federal Reserve’s interest rate decision loomed. Market sentiment, initially buoyed by Trump’s pro-business stance, has shifted amid global uncertainties. Key factors like a falling rupee, sustained foreign outflows, and concerns over Trump’s potential tariff policies contributed to this pullback. With inflation pressures on the rise, the Reserve’s actions and Trump’s trade approach are creating fresh concerns, causing volatility across sectors, particularly in Indian IT and export-driven businesses.
AUTOMOTIVE
Mahindra & Mahindra’s Q2 FY25: Profits Soar on Robust SUV and Auto Sales
Mahindra & Mahindra Ltd. reported an impressive 35% increase in its consolidated net profit for Q2 FY25, reaching Rs 3,171 crore. This growth was largely driven by its booming auto and SUV sales, as well as strong performance across the automotive and services sectors. Despite global challenges in the farm equipment segment, the company recorded notable growth in domestic tractor sales. The earnings report reflects Mahindra’s commitment to expanding market share and enhancing profitability, positioning it as a leading player in India's auto and agricultural sectors.
WORLD
Decoding Trump’s Policies: What It Means for Indian Investors and Global Markets?
As the initial excitement surrounding Trump’s victory fades, the real implications for Indian investors and global markets come to light. With significant changes in U.S. tax, trade, and monetary policies, investors face a complex landscape marked by opportunities and risks. This blog explores how shifts in U.S. economic policy might affect sectors from manufacturing to technology and energy, both in America and emerging markets like India. From corporate tax cuts to trade tariffs and “America First” policies, this article unpacks the potential market reactions and long-term consequences for Indian and global investors.
INDIA
Celebrate Chhath Puja 2024: Heartfelt Wishes, Messages & Quotes for Loved Ones
Chhath Puja 2024 is here, a time for honoring the Sun God and expressing gratitude for the blessings of life. As we come together to offer prayers to Lord Surya, sharing warm wishes and heartfelt messages can add to the joy of the festival. This collection of over 50 unique Chhath Puja wishes, quotes, and status updates will help you convey your love and blessings to family, friends, and loved ones. Whether you’re looking for messages to share on social media or personal quotes to send privately, these words are crafted to bring warmth and happiness to those you cherish. Celebrate the light, hope, and devotion that this auspicious festival represents with words that resonate. May this Chhath Puja fill your life with peace, prosperity, and joy!
FINANCIAL TIPS
How Can You Make Your Education Loan EMIs More Affordable in 2025?
Managing education loan EMIs can feel overwhelming, especially for recent graduates. However, there are several effective strategies to make this financial commitment more manageable. By extending repayment terms, using moratorium periods wisely, negotiating interest rates, and making prepayments, borrowers can significantly ease their monthly burden. Additional approaches, such as income-based repayment plans, tax benefits, and budgeting, can also help reduce the overall debt load over time. This guide outlines practical ways to lower EMIs and lessen financial strain, allowing you to focus more on your career and less on repayment.
WORLD
US Elections: Donald Trump Poised to Break 132-Year-Old Record and Secure a Historic Second Term
In a closely contested election, Donald Trump is set to become the second U.S. president to secure non-consecutive terms, a feat last achieved by Grover Cleveland more than a century ago. With key swing states in his favor, Trump aims to make history once again.
IPO
Swiggy IPO Opens for Subscription: Should You Consider Investing? Key Details, GMP, and More
Swiggy has officially opened its IPO for public subscription on November 6, aiming to raise Rs 11,327 crore. The company, valued at approximately Rs 95,000 crore at the upper price band, is drawing attention from investors. This article explores key details, subscription advice, and the Swiggy IPO's potential.
IPO
ACME Solar IPO: Day 1 Subscription at 0.2x, Retail Investors Show Strong Interest
ACME Solar Holdings launched its IPO on November 6, 2024, with 0.2x subscription on the first day. Retail investors have led the demand, while institutional investors have shown a lukewarm response. The IPO is part of ACME Solar’s plan to expand its presence in the renewable energy sector, with proceeds earmarked for debt reduction and corporate growth
WORLD
India Prepares for Trade Challenges as Trump Returns to US Presidency
As Donald Trump returns to the White House, India braces for potential trade turbulence with the U.S. The former president’s America First agenda and stance on tariffs could impact India’s export sectors, from steel to pharmaceuticals. Industry leaders weigh in on possible retaliatory measures and the opportunities for India amid the U.S.'s shifting focus on China.
WORLD
Trump Presidency: What His Return Means for U.S.-Pakistan Relations
As Donald Trump begins a second term in the White House, the focus is on how his policies may affect U.S.-Pakistan relations. Trump's previous presidency saw a cooling of ties due to his hardline stance on counterterrorism and support for India. With his re-election, Pakistan braces for potential shifts in diplomatic, security, and economic policies, particularly concerning issues like Kashmir, CPEC, and regional stability.
POWER AND ENERGY
Waaree Energies Stock Soars 50% Since Listing, Market Cap Exceeds ₹1 Lakh Crore
Waaree Energies has achieved an impressive 50% stock price increase since its listing, with a market capitalization now exceeding ₹1 lakh crore. Sustained buying interest in this solar energy stock has fueled its rise, with shares reaching an intraday high of ₹3,743 on the NSE. As one of India's leading PV module manufacturers, Waaree Energies’ performance signals robust investor confidence in solar energy. This article explores the factors behind Waaree’s growth trajectory.
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