HDFC sounds caution on economy, Q4 net jumps
The Hindu
Board recommends ₹23 dividend
Mortgage lender Housing Development Finance Corporation Ltd. (HDFC) reported standalone net profit for the fourth quarter surged 42% to ₹3,180 crore. However, it sounded a note of caution considering the second wave of COVID-19 gripping the country. “Since April, India has been witnessing an eruption of a second wave of infections,” HDFC said in a filing.
Delhi HC requests Customs' response to IndiGo's ₹900 crore refund plea for duty on re-imported aircraft parts after repairs.
Sony Pictures Networks India is set to launch Wheel of Fortune, hosted by Akshay Kumar, bringing global entertainment to Indian audiences.
Airtel's board approves ₹401.25 call on ₹15,700 crore rights issue, aiming to strengthen its balance sheet and reduce debt.
Stock markets rebound with Sensex rising 448 points on fresh foreign inflows and positive global trends amid cooling U.S. inflation.
Rupee strengthens to 89.96 per US dollar amid corporate inflows and falling crude prices, signaling improved market sentiment.
Alembic Pharma gets U.S. FDA approval for its generic Travoprost ophthalmic solution
Aurobindo Pharma's subsidiary receives five observations from the U.S. FDA
Shares of Dell Technologies down 3.2% and HP Inc losing 3.5% on Thursday, missing out on tech rally sparked by an outsized profit forecast from Micron Technology.
Meta’s outgoing chief artificial intelligence scientist Yann LeCun is holding early talks to raise 500 million euros ($586.00 million) for a new startup
India’s trade data for November reveals continued resilience in exports despite mounting U.S. tariffs on several key products. This is particularly significant given that the U.S. remains India’s largest export partner by a substantial margin. Interestingly, overall exports have not only grown, but shipments specifically to the U.S. have also rebounded.
Bharti Airtel Ltd. Chief Executive Officer-designate Shashwat Sharma, who is currently the firm’s chief operating officer, will take over the firm’s reins as CEO on January 1, 2026.
India's crude processing rose 2.3% YoY in November, with state-owned refiners handling two-thirds of the total.
The government is working to amend the Sugar Control Order and further align it with the requirements of the industry at present, Secretary (Food) at the Ministry of Consumer Affairs, Food and Public Distribution Sanjeev Chopra said Thursday.