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In terms of half-yearly accounts, Kansai Nerolac booked net revenues to the tune of Rs 3,914 crore, near similar to what it booked in the corresponding period of the previous year.

Tesla stands to make significant gains under a Trump administration due to its size, with the expectation that subsidies for alternative energy and electric vehicles will be threatened.

His promise to make Tesla CEO Elon Musk head of a government efficiency commission after the billionaire backed Trump throughout his electoral campaign led to a 14.7% surge in the shares of the electric automaker.

Nifty opened strong on Wednesday and continued to inch upwards on short covering in tech, metal, and auto sectors. A close above 24500 can trigger further upside towards 24700. Support is at 24360/24280.

In relative terms, however, the rupee’s 0.2% decline through the day was modest in comparison with competing Asian monetary units where the US holds a disproportionate share in their respective merchandise exports. Thai Baht depreciated the most at 1.8%, while the Chinese Yuan slumped 1.2%.

The company reported net profit of Rs 233 crore in the corresponding quarter of the previous year.Revenue grew 15% YoY to Rs.5,589 crore in Q2FY25.

The steel-maker’s consolidated net profit for Jul-Sep stood at Rs 759 crore as against a loss of Rs 6,511 crore a year ago. Consolidated turnover, though, fell to Rs 53,905 crore from Rs 55,682 crore a year ago.

Lubes maker Gulf Oil Lubricants India on Wednesday reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. The Hinduja Group firm had delivered a PAT of Rs 73.66 crore in the second quarter of FY 2023-24.