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Cyient DLM reports strong growth with positive outlook for future orders

Cyient DLM reported a robust 33% YoY revenue growth in 2QFY25, driven by an 82% increase in defense and a 20% rise in aerospace sectors, while maintaining margins at 8.1%. Despite a 13% YoY decline in the order book to INR19.8b, management anticipates a turnaround in 4Q with a strong order pipeline. The company is projected to achieve significant revenue and profit growth over the next few years, prompting a BUY rating with a target price of INR870.
Moneycontrol
Indian Rupee Cyient Limited IND
Technology & Innovation, Market Report
12:49 24.10.2024

Oberoi Realty reports strong pre-sales growth with target price set at 2056

Oberoi Realty reported a 49% YoY increase in pre-sales to INR 14.4 billion in 2QFY25, significantly surpassing estimates, driven by strong performance at the ‘360-West’ project in Worli. The Elysian Goregaon project saw a 147% YoY rise in pre-sales, while Borivali lagged behind. Motilal Oswal maintains a Neutral rating with a target price of INR 2,056, reflecting a 3% upside potential.
Moneycontrol
Indian Rupee Oberoi Realty Limited IND
Finance & Economy, Market Report
12:49 24.10.2024

blackrock warns of underpriced risk in upcoming us election results

Jean Boivin of BlackRock warns that markets are underestimating the risk of a contested outcome in the upcoming US presidential election. He anticipates that a disputed victory could trigger prolonged legal battles, potentially destabilizing asset prices. Meanwhile, Treasuries are experiencing a significant selloff, with benchmark yields rising over 40 basis points this month, while stock markets remain near record highs.
Bloomberg.com
BlackRock, Inc. USA Jean Boivin
Regulatory & Legal, Market Report
12:48 24.10.2024

OYO reports strong Q2 profit and revenue growth amid strategic acquisition

OYO reported a net profit of Rs 158 crore in Q2 FY25, a significant recovery from a loss of Rs 50 crore in the same quarter last year. The company's revenue rose to Rs 1,578 crore, up from Rs 1,413 crore in Q1. OYO's H1 FY25 net profit reached Rs 290 crore, contrasting with a net loss of Rs 91 crore in the previous fiscal year. Additionally, OYO has acquired G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone.
Moneycontrol
United States Dollar Indian Rupee OYO Oravel Stays Ltd. G6 Hospitality IP LLC Studio 6 Motel 6 IND USA Ritesh Agarwal Blackstone Show more
Finance & Economy, Market Report
12:48 24.10.2024

art market trends reveal shifting preferences and spending patterns among collectors

Paintings remain the dominant choice among collectors, with over 75% acquiring them in 2023 and early 2024. Works on paper and prints are gaining traction, reflecting a shift towards more accessible art forms. Gen X leads in spending, while millennials have seen a significant decline, purchasing primarily through dealers and increasingly at art fairs.
Art Basel
United States Dollar UBS AG Show more
TradFi, Market Report
12:47 24.10.2024

Godrej Consumer reports 13 percent profit rise and declares interim dividend

Godrej Consumer Products Limited reported a 13% increase in net profit to Rs 491 crore for Q2 FY25, up from Rs 433 crore in the same quarter last year. Revenue from operations rose 2% to Rs 3,666 crore, while EBITDA grew by 8%. The company also declared an interim dividend of Rs 5 per share.
Moneycontrol
Indian Rupee Godrej Consumer Products Limited IND
Finance & Economy, Market Report
12:45 24.10.2024

southwest airlines reports third quarter profit beats estimates and forecasts growth

Southwest Airlines reported a third-quarter profit that exceeded Wall Street estimates, despite a 65% decline in net income year-over-year. The airline forecasts a 3.5% to 5.5% increase in unit revenue for the fourth quarter, driven by strong travel demand, while costs are expected to rise significantly. Additionally, Southwest plans to implement major changes, including charging for seat selection and a $2.5 billion stock buyback.
CNBC
United States Dollar Southwest Airlines Co. USA
Finance & Economy, Market Report
12:44 24.10.2024

realty firms acquire group housing plots near noida airport for luxury projects

The Yamuna Expressway Industrial Development Authority (YEIDA) has successfully auctioned nine group housing plots for over Rs 1,000 crore near the upcoming Noida airport, attracting major realty firms like Eldeco, Purvanchal Projects, and Arihant Buildwell. This surge in demand for luxury housing is driven by the anticipated operational launch of the international airport at Jewar early next year, with the plots located in YEIDA Sectors 18 and 22D along the Yamuna Expressway.
Moneycontrol
Indian Rupee Gaursons India Ltd. Arihant Buildwell Purvanchal Projects Ltd. Eldeco Inception Buildtech Ltd. IND Gaursons Purvanchal Projects Arihant Buildwell Eldeco Show more
Finance & Economy, Market Report
12:43 24.10.2024

macron announces 100 million euro aid for lebanon amid ongoing conflict

French President Emmanuel Macron announced a €100 million aid package for Lebanon to support over 1 million displaced individuals amid ongoing conflict following recent Israeli strikes. Speaking at an international conference in Paris, he urged for an immediate end to the war in southern Lebanon, where military operations target Hezbollah. The gathering included senior officials from 70 countries, addressing Lebanon's long-standing issues exacerbated by the 2020 Beirut explosion.
POLITICO
Euro Hezbollah ISR FRA LBN Emmanuel Macron Nael Chahine Show more
Finance & Economy, News Article
12:43 24.10.2024

India emerges as a global innovation hub with AI advancements

India is rapidly emerging as a global innovation hub, with NVIDIA enhancing its commitment to artificial intelligence through strategic partnerships with local IT firms. CEO Jensen Huang highlighted the country's robust digital connectivity, predicting a nearly 20-fold increase in computing capacity by year-end.Mukesh Ambani, Chairman of Reliance Industries, emphasized the significance of NVIDIA's infrastructure, likening it to JIO's transformative impact on telecom. The collaboration aims to develop AI supercomputers and applications for Reliance’s 450 million JIO customers, leveraging the Grace Hopper superchip to accelerate AI solutions across sectors like healthcare and climate research.
Moneycontrol
Reliance Industries Limited NVIDIA Corporation IND Narendra Modi Mukesh Ambani Jensen Huang Show more
Technology & Innovation, Press Release
12:39 24.10.2024
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