News Headlines

Why steel stocks are showing resilience amid weakness in broader market

According to Morgan Stanley’s regional analysts, Chinese supply cut may be up to 2.3%, twice than the earlier expectation. Synopsis A strong rebound in demand and supply cuts in China owing to environmental concerns are major factors keeping the steel prices buoyant. ET Intelligence Group: Steel stocks including Tata Steel and JSW Steel hit a […]

Budget 2020

Wipro Q3 results: Net profit rises 21% to Rs 2,967 cr, beats estimates

NEW DELHI: Wipro on Wednesday reported a 20.8 per cent YoY rise in net profit at Rs 2,966.70 crore for the December quarter compared with Rs 2,455.80 crore in the same quarter last year. The number beat an ET NOW poll estimate of Rs 2,554 crore. Revenue for the quarter rose 1.3 per cent YoY […]

Budget 2020

Green shoots visible in Bajaj Auto’s Q2 show: Key takeaways

NEW DELHI: The negative impact of the pandemic was visible in Bajaj Auto’s September quarter earnings performance but so were the green shoots as some of the segments recorded record sales during the quarter. The company blamed lower interest rates during the second quarter, which resulted in reduction of treasury income. The company also said […]

Budget 2020

What should you do with your Vedanta shares now?

NEW DELHI: After the delisting fiasco, focus of Vedanta shareholders has again shifted to operational performance and capital allocation, which they are hoping will make money for them in the long run. Commodity prices have been recovering, which bodes well for the company, believe analysts. Meanwhile, what the company will do with $3.15 billion that […]