FINANCIAL NEWS

Eicher Motors posted solid April 2025 numbers with its commercial vehicle arm, VECV, recording a 27.3% year-on-year rise in total sales, driven by strong domestic and export performance.

The US has approved a $131 million sale of advanced maritime domain awareness technology to India, enhancing New Delhi’s naval surveillance capabilities amid rising tensions with Pakistan.

NTPC Green Energy's joint venture IRCON Renewable has successfully commissioned 75 MW of solar capacity, marking a key step toward its 500 MW target. This takes the total operational capacity to 225 MW.

On May 1, 2025, around 15 companies including Zomato, Adani Enterprises, and Adani Ports will announce their financial results for the January–March quarter (Q4 FY25). Analysts expect strong year-on-year growth in revenue and profits for key players like Adani Ports.

The BSE and NSE will remain closed on May 1 in observance of Maharashtra Day. All segments including equities, derivatives, and currency trading will be shut, with commodity markets open only in the evening session.

Chhattisgarh-based construction machinery exporter, Jinkushal Industries, has filed its draft papers with SEBI to raise funds via an initial public offering. The IPO will consist of a mix of fresh issuance and offer-for-sale shares, aiming for a listing on both the BSE and NSE.

Sources indicate that Quality Investment Holdings PCC is planning to offload a 10.44% stake in PNB Housing Finance via block deals worth ₹2,603.9 crore, with the floor price set at ₹960 per share—about 5% below the current market price.

JSW Infrastructure has revealed aggressive expansion targets in its Q4 FY25 earnings call, aiming for 400 MTPA cargo handling capacity by FY2030 and ₹8,000 crore topline from its logistics business.

CEAT reported an 11% volume growth in Q4 FY25, driven by robust OEM demand and steady replacement sales. Despite minor international setbacks, the company remains focused on premiumization, electrification, and expanding margins beyond 40%.

Meta has raised its 2025 capital expenditure forecast to a range of $64–72 billion, up from $60–65 billion, as it intensifies investments in AI infrastructure. The move comes amid soaring competition with Microsoft, Google, and others in the rapidly evolving AI space.

Nvidia has announced a massive $500 billion investment to build AI chip manufacturing infrastructure in the United States, signaling a shift away from overseas production. CEO Jensen Huang emphasized the project’s scale, innovation, and strategic alignment with national goals, crediting strong government support.

Ace investor Ashish Chugh has sold a 0.4% stake in Alan Scott Industries, offloading 14,717 shares at ₹209.55 each, amounting to ₹30.8 lakh. His remaining holding in the company stands at 2.88%.