August 3, 2026 – Page 8

One MobiKwik Systems Q1 Results: Co posts Rs 7.6-cr profit vs Rs 419 cr loss YoY

FinSiddhiAugust 3, 2026

Fintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter. This marks a significant turnaround from a net loss of Rs 419.2 crore in the prior year. Revenue from operations saw a modest increase of 3.7 percent to Rs 281.48 crore. The company highlighted three consecutive profitable quarters, reinforcing its…

Business News

Muthoot Finance shares crash 10% after Q1 results. What Motilal, other brokerages said

FinSiddhiAugust 3, 2026

Muthoot Finance shares tumbled over 10% after the gold loan lender reported slower AUM growth and margin pressure in the June quarter. While brokerages flagged intensifying competition and weaker profitability, they expect gold loan demand to remain healthy, with future performance hinging on margins, gold prices and competitive pricing.

Business News

Global Market: China stocks slide as global AI selloff hits chipmakers; Alibaba rallies on new AI model

FinSiddhiAugust 3, 2026

Chinese equities declined on Monday as a global selloff in AI-linked stocks weighed on semiconductor shares, while Hong Kong’s technology sector outperformed after Alibaba unveiled its latest AI model. Investors also remained cautious after fresh data showed China’s manufacturing activity expanded at its slowest pace in four months.

Business News

Ardee Industries IPO GMP rises to 13% ahead of launch on August 5. Check key details

FinSiddhiAugust 3, 2026

The Rs 425.87 crore Ardee Industries IPO will open for subscription on August 5, with a grey market premium of 13% signalling positive listing expectations. The lead recycling and non-ferrous metals company plans to use the proceeds for working capital, debt repayment and general corporate purposes amid strong recent financial growth.

Business News