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Shares of Nestlé India surged 5% to Rs 1,281 on the NSE on October 16 after the company reported its Q2 FY26 results. Standalone profit after tax (PAT) fell 23.6% YoY to Rs 753.2 crore, while revenue rose 10.6% to Rs 5,643.61 crore. On a consolidated basis, PAT declined 17.4% to Rs 743.17 crore.
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News and Media
Oil markets showed little reaction to Donald Trump's claim that India would cease buying Russian oil. Experts cite skepticism due to a lack of official comment from India and ongoing trade talks. Market focus remains on economic factors and expectations of a crude oil glut.
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News and Media
Cian Agro Industries & Infrastructure shares experienced a significant halt on Thursday, falling 5% to Rs 3,287.15 after a remarkable 16-session rally. Despite this correction, the stock has delivered extraordinary returns, skyrocketing over 8,450% in two years and showing substantial gains across various recent timeframes.
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News and Media
Nestle's third-quarter sales surpassed expectations, driven by price increases in coffee and confectionery. This marks the first results under new CEO Philipp Navratil, who aims to boost real internal growth and cost savings. The company plans to reduce headcount as it seeks to reignite sales and improve performance.
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News and Media
Flawed engineering and insufficient testing by OceanGate led to the catastrophic implosion of the Titan submersible during its 2023 Titanic expedition. The NTSB report highlighted multiple anomalies in the carbon fiber pressure vessel, which failed to meet strength requirements due to inadequate testing and flawed real-time data analysis. This preventable tragedy claimed the lives of all five passengers.
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News and Media
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