Kajaria Ceramics Q4 Results: Kajaria Ceramics Limited on Tuesday reported a sharp 59 per cent drop in its consolidated net profit for the January-March quarter (Q4 FY25), as sluggish domestic demand and losses from discontinued plywood operations weighed on its performance. India’s largest tile manufacturer posted a net profit of Rs 43 crore for the…
Central banks world over are increasingly accumulating safe-haven gold in their foreign exchange reserves kitty, and India is no exception. The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021. According to a report on Management of Foreign Exchange Reserves by the Indian…
India will have 123 million electric vehicles (EVs) on the road by 2032, after getting a boost from the incentives of the National EV Targets (NEV), according to a joint report by IESA (India Energy Storage Alliance) and CES (Customized Energy Solutions). The report estimates that India’s cumulative on-road lithium-ion electric vehicle (EV) population increased…
Paytm’s parent company, One 97 Communications, on Tuesday, May 6, reported a consolidated net loss of Rs 539.8 crore for the March quarter of FY25, slightly lower than the Rs 549.6 crore loss reported in the same period last year. The numbers signal marginal improvement, but revenue contraction and ongoing regulatory challenges continue to weigh…
In a choppy session today, the Nifty PSU Bank index emerged as the laggard, settling with a cut of nearly 5 per cent, dragged by counters including Bank of Baroda, Punjab National Bank and Canara Bank among others. All of the 12 constituents ended in the red, with a drag between 2-11 per cent. Vaibhav…
The Indian rupee slipped on Tuesday, tracking mild losses in regional peers and dollar demand from foreign banks, though broader weakness in the greenback limited the decline. The rupee closed at 84.4325 against the U.S. dollar, down 0.2% on the day. The offshore Chinese yuan retreated from a near six-month high hit on Monday on…