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IPO-bound NSDL Q3 profit jumps 30% to Rs 86 crore

Updated at : 2025-02-17 17:20:02

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NSDL on Monday reported a 30 per cent rise in its consolidated net profit to Rs 85.8 crore for three months ended December 2024. The depository registered a Rs 66.09 crore profit in the year-ago period.

Earnings were muted amid weak demand, tight liquidity, and lower government spending. Growth lagged, but fairer valuations hint at a market bottom.

Indian benchmark indices closed nearly unchanged on Monday, with the Sensex rebounding 702 points from its intraday low to settle marginally higher at 75,997.81.

VS Mani, CFO of Glenmark Pharma, discusses the company s strong performance in FY25 with an average of Rs 1,100 crore per quarter. Challenges in the acute respiratory business are acknowledged. Amid five observations from a USFDA inspection of their Indore facility, Mani insists there are no data integrity issues and focuses on resolving them.

Kiyosaki’s first money rule challenges conventional wealth-building: “The rich do not work for money,” he wrote. With job losses rising in 2025, he stresses that the wealthy create jobs and assets. Rich Dad Poor Dad argues that relying on a paycheck makes individuals vulnerable, urging them to build wealth through businesses that generate passive income.

European stocks climb on defense boost

Updated at : 2025-02-17 15:25:02

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European shares rose on Monday, led by defence stocks, as the region s top political leaders called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security.

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Warren Buffett’s Berkshire Hathaway disclosed a $1.2 billion stake in Constellation Brands, halted Apple share sales, and cut holdings in major banks. The firm also exited Ulta Beauty and ETF positions, while its cash reserves neared $325 billion.

LK Mehta Polymers SME IPO, which opened on February 13, was fully subscribed by the final bidding day, with an overall subscription of 9.08 times. The price band is set at Rs 71 per share, with the allotment scheduled for February 18 and listing on February 20. Proceeds will be used for working capital and corporate purposes.

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