Latest News, Updates & Breaking Headlines
Danish pharmaceutical giant Novo Nordisk, the maker of obesity drugs Ozempic and Wegovy, lowered its 2025 sales outlook for the fourth time this year on Wednesday after reporting tepid third-quarter results.The company, which appointed Mike Doustdar as CEO in August, now expects full-year sales growth of 8 to 11 per cent, down from a previous…
Bollywood legend Amitabh Bachchan sold two luxury apartments in Goregaon, Mumbai, for Rs 12 crore, earning a 47% profit after 13 years. The flats, bought in 2012 for Rs 8.12 crore, were sold for Rs 6 crore each. He and son Abhishek also invest heavily in real estate, including land in Alibaug. Bollywood actor Amitabh…
Paytm brand owner One 97 Communications reported its second consecutive quarterly profit, posting a Rs 211 crore profit after tax (PAT) in the September 2025 quarter, alongside a 24% year-on-year revenue rise to Rs 2,061 crore, PTI reported.The company said growth was led by its payments and financial services businesses, reflecting continued improvement in operating…
Saudi Aramco reported a net profit of $26.9 billion for the third quarter, slightly lower than last year, as subdued global crude prices weighed on earnings even as the company outperformed analyst forecasts.The world’s largest oil producer said total revenue stood at $111 billion in the July–September quarter, down from $123 billion in the same…
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, reported an 84% year-on-year rise in consolidated net profit to Rs 3,199 crore for the September quarter, boosted by a one-time gain from the sale of its stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd).However, excluding the exceptional gain of Rs 3,583…
SBI Q2 results: State Bank of India (SBI) reported a standalone net profit of Rs 20,160 crore for the second quarter of FY26, marking a year-on-year rise of 9.97%, as per the lender’s regulatory filing released on Tuesday.SBI stock hit a 52-week high in trade today after beginning the day at Rs 952.25. It closed…
MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept 2025, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth, even as margins remained under pressure. During the quarter the bank’s total business crossed the Rs 100…
Nithin Kamath (File photo) For anyone investing in IPOs or tracking startup stocks, Zerodha co-founder Nithin Kamath has offered a striking explanation for why many venture-backed firms prefer losses over profits — and how India’s tax structure may be quietly driving that behaviour.In a detailed post on X, Kamath pointed out that taking money out…
Bharti Airtel on Monday reported that its consolidated net profit more than doubled year-on-year to Rs 8,651 crore for the September quarter of FY26, driven by strong growth in high-value smartphone users and post-paid connections.The telecom major had posted a profit of Rs 4,153.4 crore in the same quarter a year ago. Its Africa arm…
Warren Buffett’s Berkshire Hathaway reported a 17% rise in quarterly profit, boosted by a rebound in its insurance operations and gains from investments, even as the legendary investor prepares to hand over the reins to Vice Chair Greg Abel in January, AP reported.The company said on Saturday that it earned $30.8 billion, or $21,413 per…
