Mumbai: State Bank of India (SBI), the largest government asset by market capitalisation, exceeded D-Street estimates with a 12% rise in the June-quarter net profit, paced by higher treasury income and growth in retail loans. Net profit rose to ₹19,160 crore, from ₹17,035 crore in the same quarter a year ago. It exceeded the ₹16,964 […]
10 microcap stocks fall 40-65% in CY25 so far, most trading below Industry PE – On A Low
So far in calendar year 2025 (CY25), approximately 25 stocks within the Nifty Microcap 250 index have declined between 25% and 65%, signaling significant corrections across the broader microcap sector. Among these, we identify the 10 worst performers, each falling more than 40% during this period. Interestingly, 7 of these 10 stocks are currently trading […]
electronics export slowdown: How Trump’s 50% tariff will hit India’s exports | Can New Delhi afford to cut Russian oil? Two Sharp – The Economic Times Video
In Today’s Two Sharp with ET. President Trump’s 50% tariff strike on India is here. We break down which exports are most at risk and how sectors from jewellery to electronics could take a hit. And second, the oil puzzle. Can New Delhi cut back Russian crude without hurting its energy security? Nisha Poddar breaks […]
Voltas Q1 Results: Profit slumps 58% to Rs 140 crore
Air-conditioning maker and engineering services provider Voltas Ltd on Friday reported a decline of 58 per cent in its consolidated net profit to Rs 140.61 crore for the June quarter, as unseasonal rains and early arrival of monsoon impacted the cooling business. It had posted a consolidated net profit of Rs 335 crore in the […]
Bharti Airtel promoter entity sells shares for Rs 11,227 crore
Indian Continent Investment Ltd, an entity promoted by billionaire Sunil Bharti Mittal, on Friday divested nearly one per cent stake in telecom carrier Bharti Airtel for Rs 11,227 crore through open market transactions. Indian Continent Investment Ltd (ICIL) is one of the promoters of Gurugram-based Bharti Airtel. According to the bulk deal data available on […]
US stocks gain as Trump’s Fed nominee stokes dovish bets
Wall Street rose on Friday, setting up a strong finish to the week, after President Donald Trump’s interim pick for a Fed governor post fueled expectations of a more dovish policy ahead. At 9:34 a.m. ET, the Dow Jones Industrial Average rose 134.42 points, or 0.31%, to 44,103.06, the S&P 500 gained 17.22 points, or […]
Infibeam Avenues Q1 Results: PAT surges 70% to Rs 85 crore
Infibeam Avenues on Friday said its profit after tax (PAT) rose over 70 per cent to Rs 85.50 crore in the June quarter mainly on the back of enhanced pricing control through AI deployment, which improved monetisation and merchant experience. The company said its board has also approved strategic transfer of e-commerce platform infrastructure business […]
Grasim Q1 profit jumps 32% YoY to Rs 1,419 crore on chemicals, cement boost
Grasim Industries Friday reported a 32% on-year jump in consolidated profit at Rs 1,419 crore for the June quarter, aided by the performance of its chemicals and building materials businesses. Consolidated revenue for the period rose 16% on-year to Rs 40,118 crore. Consolidated earnings before interest, tax, depreciation and amortization for the period rose 36% […]
Fusion Finance posts Rs 92 crore loss in June quarter
Microfinance company Fusion Finance suffered Rs 92.25 crore of net loss as against a net loss of Rs 35.62 crore in the year ago period. This is the fifth consecutive quarterly loss for the lender, which breached various financial covenants in respect of borrowings amounting to Rs 3,567 crore as at June 30, 2025. This […]
Centum Electronics promoter sells 4.5% stake for Rs 153 crore
Centum Electronics promoter on Friday sold a 4.53 per cent stake in the company for Rs 153 crore through an open market transaction. According to the bulk deal data on the BSE, Mallavarapu Venkata Apparao — one of the promoters of Centum Electronics — offloaded 6.65 lakh equity shares, amounting to a 4.53 per cent […]