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Asian stock markets advanced on Tuesday as declining crude oil prices improved investor sentiment amid hopes of diplomatic engagement between the United States and Iran.
Representatives from Russia, Ukraine and the United States are scheduled to hold a fresh round of discussions in Abu Dhabi on November 10 and 11, with efforts focused on reducing hostilities and exploring a possible framework for ending the ongoing war.
Crude oil prices declined for a second consecutive session on Tuesday after US President Donald Trump indicated that the United States would hold off on further military strikes against Iran for now.
Hindalco Industries Ltd. reported its highest-ever quarterly consolidated revenue and net profit for Q2 FY27, supported by stronger performance across its India operations and recovery in its Novelis business. Consolidated revenue rose 39% YoY to Rs.91,708 crore, while EBITDA increased 42% to Rs.13,757 crore. Net profit reached a record Rs.7,533 crore, registering 59% growth YoY. […]
Specialty pharmaceutical company Encube Ethicals has received SEBI’s observations for its proposed Rs.3,000 crore IPO.
Tata Steel Ltd. reported a 16.23% YoY rise in consolidated net profit to Rs.3,699.59 crore for Q2 FY27, compared with Rs.3,183.09 crore in the corresponding quarter last year.
KEC International Ltd. reported consolidated revenue of Rs.5,468 crore for Q2 FY27, compared with Rs.6,092 crore in the corresponding quarter last year. EBITDA declined to Rs.271 crore from Rs.430 crore, while EBITDA margin contracted to 5% from 7.1%. Despite the decline in quarterly financial performance, the company reported a strong order position. Its year-to-date order […]
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