Mumbai: Hindalco Industries Ltd. on Thursday said that it will reposition itself as a value-added solutions provider to move away from its identity as a commodity company, mirroring the trend across the wider Aditya Birla Group. The producer of aluminium and copper wants to reposition itself as a provider of customized products to its customers. … Read more
New York, US: Share markets across the globe witnessed sharp losses after a selloff in America, triggered by US President Donald Trump on Monday refusing to rule out the suggestion that his tariffs could trigger a recession in the world’s biggest economy. US bond yields also dropped as investor worries about the potential economic slowdown … Read more
Gensol Engineering Ltd (GEL) on Tuesday said Care Ratings has downgraded its bank loan of ₹716 crore to default following delays in “servicing of term loan obligations”, sending the company’s shares reeling. Following the disclosure, the company’s stock fell 20% to hit the lower circuit, settling at ₹413.95 on the BSE. “As per feedback from … Read more
New Delhi, Feb 6 (PTI) Leading stock exchange BSE on Thursday reported its net profit doubling to ₹220 crore for three months ended December 2024. It posted a net profit of ₹108.2 crore in the same quarter preceding fiscal, BSE said in a statement. The exchange recorded its highest-ever quarterly revenue of ₹835.4 crore in … Read more