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H.R. Hygiene Products is set to debut on the BSE SME platform today after its IPO was subscribed 6.26 times. Ahead of the listing, the grey market premium (GMP) stands at Re 1, indicating a modest 1% listing gain over the upper issue price of Rs 88. The company plans to use the IPO proceeds…
Kalyan Jewellers shares fell 3% after its June-quarter results highlighted margin pressure despite strong earnings growth. Consolidated net profit rose 32% year-on-year to Rs 348.7 crore, while revenue surged 45.7% to Rs 10,588.9 crore. Investors remained cautious as higher gold exchange volumes and promotional offers weighed on margins, offsetting the retailer’s robust sales performance.
The Indian stock market saw a rebound on Wednesday, with Sensex and Nifty 50 trading higher. Easing oil prices and strong foreign institutional investor buying boosted investor sentiment significantly. Bharti Airtel and IndiGo shares led the gains, while Titan experienced a slight decline. Broader markets also performed well, with midcap and smallcap indices showing gains….
Bharti Airtel shares rose 4% after the telecom major reported a 37% year-on-year jump in June-quarter net profit and an 18% increase in revenue. Brokerages remained bullish, with target prices implying up to 21% upside, driven by strong subscriber additions, higher ARPU and robust cash flows.
SpaceX has reported a reduced loss alongside increased revenue, mainly driven by its burgeoning Starlink business. With ambitions to dominate global internet services, Starlink’s subscriber count has now doubled. The company is heavily investing in artificial intelligence and infrastructure, aiming for an impressive $100 billion in annual revenue by year-end, while also planning to launch…
PVR Inox plans to launch 300 affordable cinemas in smaller towns. Tickets will be priced under two dollars to attract new audiences. This expansion aims to diversify revenue beyond major metropolitan areas. The company expects upcoming film releases to sustain box office momentum. Alternate events will also boost occupancy during slower periods.
Luxury rentals in Delhi’s Lutyens Bungalow Zone are soaring as a severe shortage of homes for sale pushes affluent families, diplomats and corporate executives towards leasing premium properties. Rentals in areas such as Golf Links and Sunder Nagar have doubled in some pockets over the past few years, with monthly rents touching ₹20 lakh amid…
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