Muthoot Finance shares: Muthoot Finance's shares surge following strong Q1 FY26 results. The company reports a significant 65% year-on-year increase in net profit. Loan assets under management reach a record high. The company crosses a market capitalization of Rs 1 trillion. George Jacob Muthoot expresses confidence in sustaining growth. The company focuses on digital transformation and customer experience.
Jubilant Foodworks shares: The company posted a robust 59.8% year-on-year jump in profit after tax (PAT) for Q1 FY26, reaching Rs 97.2 crore. The PAT margin expanded by 115 basis points to 4.3%. Quarterly revenue climbed 17% year-on-year.
Saurabh Mukherjea of Marcellus Investment Managers anticipates profit margin compression in the AMC sector due to increased competition. He suggests potential US tariffs on India are negotiation tactics, expecting a 20% rate post-Russia-US deal, benefiting India's position against China. Mukherjea highlights tech disruption in broking and asset management, citing Zerodha and Groww's success.
U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
Hours before the 104th Illinois General Assembly adjourned its initial session May 31 by law, the State Senate voted 32-22 for legislation creating the Northern Illinois Transit Authority (NITA) to help avoid a $771 million fiscal cliff facing public transportation in northeastern Illinois.
Air Canada said Wednesday it will begin a gradual suspension of flights to allow an orderly shutdown of the countrys largest airline as it faces a potential work stoppage by its flight attendants on Saturday.
Amazon is now rolling out a service where its Prime members can order their blueberries and milk at the same time as basic items like batteries and T-shirts and get them within hours.
