Author: Market News Desk

Bank of Baroda (BoB) reports a 3.3% rise in net profit for Q4FY25, driven by an increase in total income, despite a decline in net interest income. The bank’s gross non-performing assets (GNPA) ratio improves, while the full-year profit shows a strong growth of 10.1%. Bank of Baroda (BoB), a leading public sector bank based in India, reported a 3.3% year-on-year (YoY) increase in its standalone net profit for the fourth quarter of FY25. The bank’s net profit for Q4FY25 stood at ₹5,048 crore, up from ₹4,886 crore in Q4FY24. The result reflects a steady growth trajectory for the bank…

Iware Supplychain Services Limited made a weak debut on the NSE SME platform, listing 10.5% below its issue price. The stock continued to decline further after the listing. Iware Supplychain Services Limited, a nationwide integrated logistics provider in India, made a subdued market debut on May 6, 2025, on the NSE SME platform. The stock listed at ₹85, which was a 10.52% discount from its IPO price of ₹95. Following this weak debut, the stock further slipped by 4.5%, reaching a low of ₹81.20, bringing its total decline to 14.52% from the issue price. Iware Supplychain IPO Overview: The IPO,…

Navkar Urbanstructure Ltd., a prominent player in India’s construction sector, has announced its first-ever bonus issue and a 1:1 stock split, aimed at improving liquidity and enhancing shareholder value. Navkar Urbanstructure Ltd., a well-established company in the construction sector, has unveiled two significant corporate moves — its first-ever bonus issue and a stock split. These actions, effective May 9, 2025, are expected to increase liquidity and broaden the company’s investor base. Navkar Urbanstructure Stock Split Details In a move aimed at making the company’s shares more accessible to retail investors, Navkar Urbanstructure’s board approved a stock split in March 2025.…

Ather Energy’s share price fell by 6% following its muted debut in the Indian stock market on May 6, 2025. Despite opening at a premium, the stock quickly lost ground, marking a lukewarm start for the electric vehicle company. Ather Energy, a prominent electric vehicle (EV) manufacturer, made its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, with its shares opening at a slight premium to its issue price. However, the stock soon saw a sharp decline, falling by 6% from its listing price, signaling a muted reception in the market. The IPO listing, which…

Jim Anderson, CEO of Coherent in Saxonburg, Pennsylvania, has topped the list of highest-paid CEOs in the United States for 2024 with a staggering compensation of over $101 million, primarily through stock awards. Jim Anderson, CEO of Coherent Corp, a technology company headquartered in Saxonburg, Pennsylvania, that specializes in optical networking and laser systems, has officially become the highest-paid CEO in the United States for the year 2024, according to a report by Equilar. The study revealed that Anderson received a total compensation package of $101,497,009, making him the only CEO in the top 10 list to surpass a nine-figure…

Krishival Foods Limited, an emerging dairy and food processing company in India, saw its stock hit the upper circuit on May 6, 2025, after announcing its plan to migrate from NSE SME to mainboard listings on both NSE and BSE. The Maharashtra-based firm is seeking shareholder approval through a postal ballot. Krishival Foods Limited, a fast-growing player in India’s dairy and food processing industry, saw its stock price surge and hit the upper circuit on the National Stock Exchange (NSE) SME platform after announcing key decisions from its board meeting. The Maharashtra-based company’s stock rose 5% during intraday trading following…

European stock markets remained largely stable on May 6, 2025, as investors awaited the U.S. Federal Reserve’s policy decision and assessed quarterly earnings. Uncertainty around potential tariff shifts between the United States and China, along with President Trump’s latest tariff announcement, added caution to the markets. The upcoming release of purchasing managers’ index (PMI) data across major European economies is also expected to influence trading sentiment. European stock markets held firm on May 6 as investors balanced a wave of corporate earnings reports with anticipation over the U.S. Federal Reserve’s upcoming monetary policy decision and fresh geopolitical developments involving trade…

Swiggy, the leading food delivery platform in India, has permanently shut down its hyperlocal delivery service, Genie, citing weak performance and shifting focus to more profitable platforms such as Instamart and Bolt. The company is also expanding its new professional services platform, Pyng Swiggy, one of India’s leading food delivery platforms, has permanently shut down its hyperlocal delivery service, Genie, across multiple cities. The decision to phase out Genie marks the end of a vertical that struggled to generate significant returns despite being launched in 2020. The company is now focusing on higher-margin platforms like Instamart and Bolt as part…

One 97 Communications Ltd, the parent company of Paytm, is set to announce its Q4FY25 earnings. After a turbulent year marked by regulatory setbacks from the Reserve Bank of India (RBI) against its payments bank arm, the fintech giant based in Noida, Uttar Pradesh, India, is showing signs of a potential turnaround. Analysts project a rebound in revenue and operational metrics, signaling cautious optimism for the company’s future. One 97 Communications Ltd, the parent company of digital payments platform Paytm, headquartered in Noida, Uttar Pradesh, is set to report its Q4FY25 financial results today. The company has been under the…

Union Bank of India, a government-owned public sector bank headquartered in Mumbai, Maharashtra, came under scrutiny for a questionable expenditure of approximately USD 869,000 (INR 7.25 crore). The bank reportedly purchased nearly 200,000 copies of the book India@100: Envisioning Tomorrow’s Economic Powerhouse by Krishnamurthy V Subramanian before its official release in 2024. The transaction, made without full board ratification, has sparked concerns over internal governance, leading to a probe by global audit firm KPMG. Union Bank of India, a public sector banking institution based in Mumbai, Maharashtra, is facing internal and public scrutiny after reportedly spending INR 7.25 crore (approximately…