The execution took place on Monday morning, as per state news agency IRNA, which described the 69-year-old as "Israeli-linked spy and saboteur." German Foreign Minister condemned "the murder" and warned of "serious consequences." US has also condemened it.
Afcons Infrastructure's IPO is 76% subscribed, with a price band of Rs 440-463. Analysts recommend long-term investment despite low profit margins. Funds will support equipment purchases and debt repayment.
Swaminathan Aiyar, Consulting Editor at ET Now, highlights the puzzling scenario of high GDP growth in India alongside stagnant bank credit and consumer spending. The strong domestic investment in stock markets, inflation concerns, and potential adjustments by the RBI are discussed amid questions on the accuracy of GDP data or anticipation of a future consumption boost.
Indraprastha Gas shares rose 5% despite a 17.8% YoY net profit decline to Rs 454.1 crore. Revenue increased 7% to Rs 4,088 crore, with an interim dividend of Rs 5.50 announced.
Brazil, under President Lula da Silva, decides against joining China's Belt and Road Initiative (BRI), seeking alternative collaboration methods with Chinese investors. This decision, aligning with India's earlier stance, is influenced by concerns over tangible benefits and potential complications with a future Trump administration. Brazil aims for synergy without formally joining BRI.
Waaree Energies shares rose 5% after a strong IPO debut, reflecting investor confidence. The company plans expansion and reported a 69% revenue increase for FY24, with profits more than doubling.
Shares of Bharti Airtel fell by 2.7% to Rs 1,617.55 on the BSE, despite strong Q2 results showing a 168% year-on-year increase in consolidated net profit to Rs 3,593 crore, though below Street estimates. Revenue rose 12% YoY to Rs 41,473 crore, driven by robust growth in India and Africa. The profit was bolstered by strong ARPU growth and subscriber additions, but a Rs 318 crore exceptional loss contributed to the miss in estimates.
HSBC Holdings reported a 10% increase in third-quarter profits, surpassing analyst predictions. The bank also announced an additional $3 billion share buyback and detailed restructuring plans under new CEO Georges Elhedery. HSBC confirmed a dividend payment of 10 cents a share, continuing its focus on improving efficiency and cost control.