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30 May

Apollo Hospitals Q4 net profit jump 54%; plans ₹8,000 crore for expansion

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Apollo Hospitals Enterprise on Friday reported that consolidated profit after tax for the fourth quarter ended March 31, 2025 grew 54% year-on-year to ₹390 crore, driven by strong sales. The healthcare provider had reported a profit after tax (PAT) of ₹254 crore in the fourth quarter of FY24. Revenues stood at ₹5,592 crore in the period under review as against ₹4,944 crore in the fourth quarter of FY24, Apollo Hospitals said in a statement. For FY25, it reported a 61% year-on-year rise in PAT at ₹1,446 crore as against ₹899 crore in FY24. Revenue grew to Rs 21,794 crore last…

29 May

Silver futures prices jump: Rs 363 rises to Rs 97,838 per kg

Business CorrespondentBusiness, News

New Delhi: Silver prices rose by Rs 363 to Rs 97,838 per kg in May futures trade on Wednesday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 363, or 0.37 percent, to Rs 97,838 per kg in a business turnover of 17,752 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.28 percent lower at $33.16 per ounce in New York.

28 May

Aluminium futures prices increase on fresh deals

Business CorrespondentBusiness, News

New Delhi, May 28: Aluminium prices rose by 15 paise to Rs 239.05 per kg in futures trade on Wednesday as speculators created fresh deals amid positive trend in the spot market. Aluminium contracts for June delivery rose by 15 paise, or 0.06 percent, to Rs 239.05 per kg on the Multi Commodity Exchange in which 4,378 lots were traded. Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

27 May

Crude oil futures gain on spot demand

Business CorrespondentBusiness, News

New Delhi, May 27: Crude oil prices rose by Rs 11 to Rs 5,266 per barrel in futures trade on Tuesday as participants increased their bets due to strong spot demand. Crude oil prices for June delivery rose by Rs 11, or 0.21 percent, to Rs 5,266 per barrel on the Multi Commodity Exchange in a business turnover of 11,624 lots. Analysts said crude oil prices rose in futures trade as participants raised bets. Globally, West Texas Intermediate crude oil prices rose 0.11 percent to $61.60 per barrel, while Brent crude oil prices rose 0.17 percent to $64.85 per barrel.

26 May

Silver futures fell on reduced bets

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New Delhi, May 26: Silver prices fell by Rs 57 to Rs 97,997 per kg on Monday as participants reduced bets. Silver contracts for July delivery on the Multi Commodity Exchange fell by Rs 57, or 0.06 percent, to Rs 97,997 per kg in a business turnover of 17,276 lots. Analysts said selling by participants at current levels in the market mainly influenced silver prices. Foreign futures markets remained closed on the occasion of Memorial Day in the US.

24 May

Property prices increase in 48 cities in Q4 FY25: NHB RESIDEX

Business CorrespondentBusiness, News

New Delhi, May 24 Property prices rose in 48 out of 50 cities during the fourth quarter of 2024-25, according to data released by the National Housing Bank (NHB). Out of the 50 cities covered, two cities, Howrah and Thiruvananthapuram, recorded a decline in property prices, the latest NHB RESIDEX residential housing price index said. The 50-city housing price index (HPI), based on assessed values of properties collected from banks and housing finance companies, recorded an annual growth of 7.5 percent during the fourth quarter of 2022-24-25, compared to 5.1 percent a year ago. It said property prices increased across…

23 May

Aluminium futures prices rose on fresh deals

Business CorrespondentBusiness, News

New Delhi, May 22: Aluminium prices rose marginally by 10 paise to Rs 239.80 per kg in futures trade on Thursday as speculators created fresh deals amid positive trend in the spot market.Aluminium contracts for June delivery rose 10 paise, or 0.04 percent, to Rs 239.80 per kg on the Multi Commodity Exchange in a business of 3,032 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

22 May

Crude oil futures rise due to spot demand

Business CorrespondentBusiness, News

New Delhi, May 21: Crude oil prices rose by Rs 51 to Rs 5,385 per barrel in futures trade on Wednesday as participants increased the size of their deals due to strong spot demand.Crude oil prices for June delivery rose by Rs 51 or 0.96 percent to Rs 5,385 per barrel on the Multi Commodity Exchange in a business of 10,225 lots.Analysts said crude oil prices rose in futures trade as participants increased their bets.Globally, West Texas Intermediate crude was trading 0.70 percent higher at $62.73 per barrel in New York, while Brent crude was up 1.02 per cent at…

20 May

Zomato shares reduce 5%, analysts raise concerns over intensifying competition; Swiggy also drops nearly 2%

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Zomato Share Price: Zomato shares fell 5% to ₹264.85 per share on the NSE after global brokerage firm Jefferies raised concerns over rising competition in the quick commerce space. After Zomato's shares more than doubled in value in 2024, analysts at Jefferies forecast that 2025 could be a breather year, with the stock possibly shifting gears into a price consolidation phase. According to news reports, the brokerage said that aggressive strategies by existing players and entry of new competitors could lead to higher discounts, which could pose risks to Zomato's medium-term profitability. The brokerage said that apart from Zomato's Blinkit,…

19 May

Aluminium Futures inflation on Fresh Bets

Business CorrespondentBusiness, News

New Delhi, May 19 Aluminium prices on Monday rose marginally by Rs 1.25 to Rs 239.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.25 or 0.52 percent to Rs 239.10 per kg in 2,154 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.