on July 16, 2025 at 5:07 pm
ixigo reported a strong Q1 FY26, with revenue up 73% to ₹314.5 crore and net profit rising 27% to ₹19 crore. GTV grew 55%, driven by flights and buses. The company’s EBITDA increased by 69%. ixigo is focusing on AI-driven efficiencies and customer-centric approaches. Train bookings by Gen Z and solo female travelers saw significant growth.
on July 16, 2025 at 4:54 pm
Indian market closed with a positive bias, as BSE Sensex and Nifty50 saw gains, led by auto, FMCG, realty, and IT sectors. Biocon, RBL Bank, and HDFC AMC hit fresh 52-week highs. Analysts suggest monitoring Biocon for a breakout above 425, RBL Bank for profit-booking, and HDFC AMC’s bullish trend with resistance at 5,453.
on July 16, 2025 at 3:44 pm
Reliance Infrastructure and Reliance Power boards approved plans to raise Rs 6,000 crore each via QIP or other modes. Both firms also cleared NCD issues worth Rs 3,000 crore.
on July 16, 2025 at 3:43 pm
U.S. stock indexes reversed course to fall on Wednesday after Bloomberg News reported that President Donald Trump was likely to fire Federal Reserve Chair Jerome Powell soon, citing a White House official.
on July 16, 2025 at 3:36 pm
Indian brokerage Angel One on Wednesday posted a 61% fall in first-quarter profit, as tighter rules for equity derivatives trading in India weighed on retail activity, a key driver for the brokerage’s earnings.
on July 16, 2025 at 3:32 pm
Indian markets closed slightly higher on Wednesday, aided by gains in PSU banks and IT stocks. Positive domestic cues helped counter global concerns over sticky U.S. inflation and trade tariffs.
on July 16, 2025 at 2:55 pm
India’s benchmark indices closed flat on Wednesday with a positive bias, supported by IT, auto, and banking stocks. Resistance at 25,260 continues to cap gains. Analysts suggest a buy-on-dips strategy as long as Nifty stays above 25,000.
on July 16, 2025 at 2:27 pm
The board of Reliance Power on Wednesday approved a Rs 6,000 crore worth fundraising plan via the Qualified Institutions Placement (QIP) and other modes.
on July 16, 2025 at 1:51 pm
Bitmine Immersion Technologies’ shares surged nearly 15% after Peter Thiel disclosed a 9.1% stake, making him the largest investor. This boost coincides with Bitcoin nearing record highs and Ether reaching a five-and-a-half-month peak. The company holds a substantial amount of Bitcoin and Ether, valued at approximately $535.5 million.
on July 16, 2025 at 1:46 pm
ITC Hotels reported a 54% YoY rise in Q1 profit at Rs 134 crore and 16% revenue growth to Rs 816 crore. The board approved Rs 328 crore capex for a new Vizag hotel as the company targets aggressive expansion across India.
on July 16, 2025 at 1:41 pm
India’s Embassy Office Parks REIT is in talks with bankers to raise 20 billion rupees ($232.79 million) via the issuance of five-year corporate bonds, three sources aware of the matter said on Wednesdarces say
on July 16, 2025 at 1:35 pm
Wall Street’s main indexes opened higher on Wednesday as investors sifted through new inflation data and digested a fresh round of heavyweight earnings reports.
on July 16, 2025 at 12:56 pm
Sensex edged up 63 points, while 11 BSE 500 stocks hit 52-week highs, including Biocon, HDFC AMC, and Nippon Life, signaling strong momentum and bullish sentiment across key sectors.
on July 16, 2025 at 12:56 pm
on July 16, 2025 at 12:30 pm
India’s markets regulator on Wednesday proposed to mandate that asset management companies use spot prices published by domestic commodity exchanges to value gold and silver.
on July 16, 2025 at 12:27 pm
State Bank of India has launched a Rs 25,000 crore share sale for institutional investors. The floor price is Rs 811.05 per share, a discount of 2.5%. The bank’s board approved this QIP issue. SBI also plans to raise Rs 20,000 crore through Basel III-compliant bonds. SBI shares have underperformed over the past year but have recently shown positive returns.
on July 16, 2025 at 12:15 pm
LTTS Q1 results: L&T Technology Services reported a marginal 0.7% increase in its June quarter consolidated net profit at Rs 316 crore versus Rs 314 crore reported by the company in the year ago period.
on July 16, 2025 at 12:03 pm
In the Nifty pack, 19 stocks closed in the green, while 27 stocks ended in the red.