Bajaj Housing Finance's share price saw a 4.2% increase after the company reported a 26% rise in its consolidated net profit for the quarter ended September 2024. The company's net interest income also grew 13%, while its revenue from operations jumped by 26%. However, the company's asset quality deteriorated, with an increase in gross non-performing assets and net non-performing assets. Analysts expect the company's earnings-per-share growth to slow down in the future due to various factors.
On Tuesday, Mazagon Dock Shipbuilders' shares saw a significant decline due to a corrective action and predictions of a correction in the defence sector. The company had initially set a record date for its fiscal 2025 dividend payment, boosting its share price, but the gains were short-lived. Other defence stocks also saw a decline, with experts citing overvaluation as a factor. The board is set to meet on Tuesday to decide on a stock split and dividend declaration, with more details awaited.
With the approval of the Hyundai Motor India IPO by Sebi and a debut share price below the IPO price, the company has announced plans for significant growth and expansion. This includes exporting electric vehicles to South Africa, building a mega test center in Telangana, and launching full EV models such as the Creta EV. Additionally, they will also be investing in upgrading their Tamil Nadu plant and establishing a hydrogen innovation center at IIT Madras. This move showcases Hyundai's commitment to investing and modernizing in India, which will have a significant impact on the automotive industry.
The Rs 4,321-crore IPO of Waaree Energies, a Mumbai-based solar power solutions provider, has received a strong response from investors on the second day of bidding. The issue was oversubscribed by 5.53 times, with investors bidding for 9.5 crore shares against the 2.1 crore shares available. Retail investors oversubscribed by 4.88 times, while non-institutional investors oversubscribed by 14.55 times. Market observers have also noted a grey market premium of around Rs 1500 per share for the IPO.
As Qatar has long been the dominant player in the liquefied natural gas (LNG) market, flexible suppliers such as Australia, the United States, and Russia are vying for a larger share in the growing Asian market. With the increasing demand for natural gas across the continent, Qatar is facing fierce competition from these suppliers who have the ability to adapt to market changes and offer more flexible contracts. As these flexible suppliers gain a foothold in the region, Qatar's dominance may be challenged.
Priyanka Chopra and Nick Jonas celebrated Karwa Chauth together in London, where Priyanka is currently shooting for Citadel season 2. The actress took to Instagram to share glimpses of their celebration, where she revealed she observed the fast for Nick's well-being and long life. The couple also video called Priyanka's mother to make her a part of the festivities.
Reliance's Campa Cola, with its aggressive pricing and higher margins to retailers, has disrupted the market and caused increased competition in bottled beverages. This has led TCPL, the Tata Group FMCG arm, to reduce their prices as well. Despite the decline in ready-to-drink business revenue in the September quarter, TCPL's MD and CEO Sunil D'Souza assures that they are adapting to the competitive pricing action to retain their market share.
Bollywood actress Sonakshi Sinha took to Instagram to share some stunning pictures of her dressed as a bride for her first Karwa Chauth. Sonakshi, who recently got married to Zaheer Iqbal, completed her look with sindoor, mangalsutra, and nude makeup. However, it was Zaheer's comment on her post that has caught everyone's attention. Sonakshi has had a successful career in Bollywood, completing 51 films and series in just 14 years. She will be seen in upcoming projects like Housefull-5, Tu Meri Hai Kiran, and Khiladi 1080. Her social media following of over 28 million reflects her popularity and influence.
Former Premier League stars Michael Brown and Pat Nevin join the Football News Show to discuss the upcoming match between Liverpool and Chelsea, as their new managers face their biggest test yet. Fans of both clubs share their thoughts on the impressive starts made under Arne Slot and Enzo Maresca. Plus, a look at other sports news, including Sir Chris Hoy's announcement about his cancer, Messi's Inter Miami's participation in Fifa Club World Cup, and the New York Yankees reaching the World Series.
In the wake of former One Direction singer Liam Payne's sudden passing, fans have taken to social media to share their favorite memories of the singer. From beloved moments on stage to emotional letters Payne wrote to his 10-year-old self, fans are paying tribute to the star who found fame on the UK's X Factor in 2010. As we remember Payne's life and legacy, his fans are showing how much he meant to them through their heartfelt posts and memories.