Business

13

Nov

By The Press Editor

Business

Hotel stock trades in green even as markets fall in early trade after 3-day rally, here’s why

Shares of Viceroy Hotels trade in green on Friday even as equity benchmark indices Sensex and Nifty slump in early trade amid profit-taking after a three-day rally and anticipation of a policy rate hike by the RBI next month after retail inflation surged to 6.09 per cent in October. The 30-share BSE Sensex tumbled 460 points to 81,441.17 in early trade. The 50-share NSE Nifty fell 179.05 points to 25,119.50. Amid this, the counter started the trading session in the green as the company has announced its financial results for the second quarter and half-year ended September 30, 2026. It has…

Read More

13

Nov

By The Press Editor

Business

FMCG stock on investors’ radar as consolidated net profit rises in Q2 FY27, witnesses trend reversal

Shares of fast-moving consumer goods (FMCG) company Davangere Sugar Company Ltd are in focus as the company has released its September quarter results. According to the information shared, revenue from operations rose 48.6 per cent to Rs 7,161.35 lakh in Q2 FY27, up from Rs 4,819.26 lakh in the same quarter last year. However, total expenses rose 75.1 per cent to Rs 7,956.22 lakh, up from Rs 4,543.82 lakh last year. The company incurred a loss before tax of Rs 583.27 lakh, compared to a profit of Rs 333.16 lakh in the same quarter last year. The company incurred a…

Read More

13

Nov

By The Press Editor

Business

Defence stock ends session 8% higher even as Sensex, Nifty drop amid profit booking

Even as benchmark indices tumbled amid profit booking, shares of technology-based defence company Apollo Micro Finance ended the session nearly 8 per cent higher. The stock closed at Rs 475.45, up Rs 34.95, or 7.93 per cent, from the previous close of Rs 440.50. The market cap of the company stood at Rs 17,667.70. During the day, the stock touched an intraday high of Rs 477.55, also its fresh 52-week high, and a low of Rs 435.50. Earlier, the counter opened in the red at Rs 438.85, down Rs 1.65 or 0.37 per cent. The stock has a 52-week low…

Read More

13

Nov

By The Press Editor

Business

IDFC FIRST Bank vs HDFC Bank: Which one offers a better car loan deal? Check interest rates

Everyone aspires to own their dream car, but when it comes to taking out a car loan, the biggest dilemma is choosing which bank to borrow from to minimise the EMI burden and keep the process simple. If you're planning to buy a new or used car this festive and wedding season, let's explore the attractive offers IDFC First Bank and HDFC Bank are offering on auto loans. HDFC Bank Car Loan Interest Rates HDFC Bank, one of the country's largest private banks, offers attractive rates on new cars. Generally, HDFC Bank car loan interest rates range from 8.95 per…

Read More

13

Nov

By The Press Editor

Business

Paytm shares hit 52-week after receiving RBI’s in-principle approval to revive wallet business

Shares of Paytm hit a 52-week high in the late trading session on Friday after Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications Limited, received an in-principle to set up and operate a payment system for the issuance and operation of Prepaid Payment Instruments (PPIs) in India, subject to adherence to the RBI Master Directions on Prepaid Payment Instruments dated August 27, 2021, as updated from time to time. "...has received a letter dated November 13, 2026 (Ref. No. CO.DPSS.AUTH.No.S860/02.27.004/2026-27) from the Reserve Bank of India ("RBI"), Department of Payment and Settlement Systems, granting PPSL…

Read More

13

Nov

By The Press Editor

Business

Another rate hike expected, RBI likely to raise repo rate by 25 bps in December: Report

The Reserve Bank of India (RBI) may decide to raise the repo rate again in December. However, this time, interest rates are likely to rise by 25 bps instead of the sharper 50 basis points (bps), according to a recent SBI Research report. If so, banks may change loan interest rates, which could affect your EMI. The report added that there is a 50 per cent probability the terminal repo rate could be scaled down from 6 per cent to 5.75 per cent. SBI Research revises its earlier forecast  According to the report, the repo rate could be raised by…

Read More

13

Nov

By The Press Editor

Business

Stock under Rs 300 in focus as company’s revenue rises 24.6% YoY to Rs 511 crore, check share price

Shares of hospital chain operator Park Medi World are in focus after the company announced its financial results for the second quarter ended September 30, 2026-27. The company reported a 24.58 per cent year-on-year (YoY) increase in consolidated revenue from operations to Rs 511.03 crore for the second quarter, up from Rs 410.20 crore in Q2 FY26. Sequentially, operational revenue rose 7.42 per cent from Rs 475.71 crore in Q1 FY27. However, the consolidated net profit (Profit After Tax) declined 30.81 per cent YoY to Rs 54.46 crore, down from Rs 78.70 crore in the year-ago period, and fell 38.47…

Read More

13

Nov

By The Press Editor

Business

Solar sector stock below Rs 400 in focus after Q2 net profit doubles to Rs 133 crore, gets BUY rating

Shares of Fujiyama Power Systems, a provider of rooftop solar solutions, are likely to be on investors' radar as the company has received a BUY rating after it said its net profit more than doubled to Rs 132.9 crore in the September quarter compared to the year-ago period. The net profit was Rs 62.9 crore in the quarter ended September 30, 2025. Revenue from operations rose to Rs 1,306.8 crore from Rs 567.9 crore a year ago. Amid this, the company's shares opened in the green at Rs 354.25 against the previous close of Rs 354.20 on the BSE. The…

Read More

13

Nov

By The Press Editor

Business

AI boom faces test as Nvidia shares plunged after co-founder Jensen Huang steps down as CEO

Nvidia shares tumbled 14 per cent after Jensen Huang, its co-founder and face of the brand, resigned as CEO. While the stock later recovered somewhat, it pulled the US market lower, threatening to upend the artificial intelligence boom that carried Wall Street to a record high in recent years. The S&P 500 fell 0.6 per cent in its latest yo-yo move. Weakness in AI stocks dragged the Nasdaq composite down 0.9 per cent, but the rest of the market held up better. The Dow Jones Industrial Average was down a modest 15 points, or less than 0.1 per cent, as…

Read More

12

Nov

By The Press Editor

Business

Gold trades under pressure on MCX, silver down by Rs 2,700 | Check city-wise rates

Rates of precious metals in futures opened lower on Thursday, November 12, 2026, as the US dollar strengthened to a 19-month high near 103. The gold December 4 contract on the Multi Commodity Exchange (MCX) opened down Rs 434, or 0.31 per cent, to Rs 1,39,282 per 10 grams, down from the previous close of Rs 1,39,716. It fell further to touch the intraday low of Rs 1,38,399, dropping Rs 1,317 or 0.94 per cent. Last seen, it traded at Rs 1,38,511, down Rs 1,205 or 0.86 per cent. On the MCX, the yellow metal futures for February 2027 were…

Read More