Markets

Nestle Q3 results: Profit falls 1.4%; revenue rises 10.1% on double-digit growth in key brands

New Delhi: The country’s biggest packaged foods company Nestle India reported 1.4% year-on-year decline in profit for the quarter ended September 30, hit by higher tax costs, but said revenues and operating income grew in double digits. The maker of Maggi noodles and KitKat chocolate announced return to double digit growth for the quarter under […]

Markets

Cost cutting, favourable forex rates help Asian Paints: Key Q2 takeaways

NEW DELHI: Asian Paints shrugged off pandemic fears and beat analyst estimates for September quarter earnings even though the profit growth was negligible. The company said the profitability across businesses was well-supported by a better product mix, stable raw material prices, favourable foreign exchange rate and large number of cost optimization measures put in place […]

Markets

SGX Nifty up 25 points; here’s what changed for market while you were sleeping

Expectations that US lawmakers are nearing a deal on stimulus may push domestic stocks higher in opening trade. Quarterly earnings would keep generating stock-specific actions. Here’s breaking down the pre-market actions: STATE OF THE MARKETS SGX Nifty signals positive startNifty futures on the Singapore Exchange traded 24 points, or 0.36 per cent higher at 11,931.50, […]

Markets

Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say

HONG KONG: China’s top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering next year, dropping previous aims to list in New York amid rising Sino-U.S. tension, people with knowledge of the matter said. Didi, backed by technology investment giants SoftBank , Alibaba and Tencent, has started initial talks with […]

Markets

Trade Setup: Expect a quiet start for Nifty on Monday; 11,800 and 11,865 immediate resistance points

In the previous technical note, we had mentioned that some technical pullback may occur as Nifty had witnessed an unreasonably near-vertical decline. While continuing to trade precisely on the expected lines, the Indian equity market threw some technical pullback to end the day with gains. The market saw a positive opening, but soon pared the […]