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The company is likely to see an improvement in earnings in the quarter ending March, as fuel costs moderate, aluminium prices rise and fears of a recessionary American economy subside, managing director Satish Pai said.Hindalco’s upstream aluminium business, which produces refined metal, was already on the mend as the price of coal is moderating while demand outlook remains strong, Pai said during a post-earnings call on Thursday

We witnessed an improved momentum backed by recovery across our business verticals and our endeavor is to continuously innovate and differentiate," said K. Nithyananda Reddy, vice-chairman and managing director of Aurobindo Pharma

Microsoft rose as much as 3.4% to $276.76 early Wednesday, joining Apple Inc. as the only stocks with market capitalizations above $2 trillion. This is the first time it has exceeded that level since August after rallying 29% from a November low. Apple has a market value of about $2.44 trillion.

Promoters, led by Ravikant Jaipuria cumulatively hold 63.90% stake in Varun Beverages, the second largest bottling company for Pepsico’s beverages

The flagship company of Mahindra Group will release its earnings for the third quarter on Friday. Standalone revenue for the December quarter is seen rising 41% on-year to Rs 21,474 crore, according to the average of 8 brokerage estimates

The top 10 countries account for ~80% of the global market cap, with India among the top five contributors. India’s share in the global m-cap stands at 3.1%, above its historical average of 2.5%.

Net premium income rose 14% year-on-year (YoY) to Rs 1.12 lakh crore for the quarter under review. It was Rs 98,052 crore in the last year quarter.

Indian equity markets traded close to the flatline in the day, but ended marginally higher amid mixed global cues, with gains led by IT and financials. The BSE Sensex climbed 142 points to end at 60,806.22, while Nifty advanced 21.75 points to 17,893.45.

The Nifty Pharma index closed 0.44 per cent down at 12302.5.

The daily momentum indicator has a positive crossover which is a buy signal. Thus, both price and momentum indicators are suggesting further upside in the index