The Indian rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in the greenback capped losses.
ACC Q3 Results: ACC's net profit saw a significant drop of 63 percent year-on-year for the December quarter. The company posted a profit of Rs 404 crore. However, its revenue from operations showed growth, increasing by 22 percent to Rs 6,391 crore. This performance reflects a mixed financial outcome for the Adani Group firm during the period.
Adani Electricity Mumbai has secured a AAA credit rating from India Ratings, placing the private utility on par with Indias sovereign credit profile. The upgrade reflects regulatory support, declining leverage and improved operating performance following a turnaround since its acquisition in 2018.
CarTrade Tech shares slid sharply after the company reported strong December-quarter profit growth and a significant expansion in margins, with investors focusing instead on a slowdown in revenue growth compared with the prior quarter.
Hindustan Copper shares surged nearly 15% in two sessions after the state-owned miner emerged as the preferred bidder for a new copper block in Madhya Pradesh, reinforcing investor optimism amid a strong global metals rally and bullish technical signals.
