Indian consumer goods maker Dabur said on Monday it has seen signs of demand recovery in the third quarter, after consumers had deferred purchases ahead of the government's tax cuts that took effect in September.
Trent reported 17% revenue growth in Q3 despite slower expansion. Zudio remains the key growth driver, while a sharp stock correction and improving store economics prompted HDFC Securities to upgrade the stock outlook.
Jefferies initiates Buy on Emmvee Photovoltaic, citing Indias rapid solar scale-up, strong policy support and cost advantages. It expects installations to grow 24% CAGR, lifting domestic manufacturers profitability and positioning Emmvee for high-teen returns despite medium-term margin pressures.
Iran's judiciary will not show leniency to "rioters" despite acknowledging the public's right to protest. These demonstrations, sparked by economic issues, have spread across the country. The US has warned Iran of severe consequences if more demonstrators are killed. Meanwhile, Israel expresses solidarity with the Iranian people's aspirations for freedom. Protests are being closely monitored.
Kotak Mahindra Bank reported robust Q3FY26 growth, with net advances rising 16% YoY to Rs 4.8 lakh crore and deposits increasing 15% to Rs 5.43 lakh crore. Sequentially, both advances and deposits saw steady improvement. CASA grew 12% YoY, while the stock remained resilient, delivering 19% returns over the past year. The numbers are provisional and part of Kotak Bank's quarterly updates. It will announce its detailed earnings later.
Torrent Pharmaceuticals plans to raise Rs 12,500 crore through secured, rated NCDs via private placement. The fundraising follows committee approval and comes amid strong stock performance and robust earnings growth in the September quarter.
On Jan. 5, 2024, a door plug on Alaska Airlines jetliner blew out shortly after takeoff from Portland, Oregon, forcing the 171 passengers and six crew to don oxygen masks before the pilots made an emergency landing. No one was seriously hurt, but the sudden depressurization left a gaping hole in the Boeing 737 Max 9 aircraft.
