Tuesday, September 15
Shares of ABB India on Monday tumbled 3.7% to their day’s low of Rs 5205.10 on the BSE on Monday after the company reported a 20.7% year-on-year decline in its net profit to Rs 351.7 crore for the quarter ended June 2025 (Q2CY25), compared to Rs 443.5 crore in the same quarter last year.Revenue from operations during the quarter rose 11.8% to Rs 3,175.4 crore, up from Rs 2,829.9 crore reported in Q2CY24. The company’s EBITDA for the period stood at Rs 414 crore, marking a decline of 23.7% from Rs 542 crore in the corresponding quarter last year.Meanwhile, the EBITDA margin contracted by 612 basis points to 13%, compared to 19.4% in the year-ago quarter.A note by Motilal Oswal stated that the order inflows were weak during the quarter (-12% YoY) at Rs 30.4 billion. Base orders formed Rs
Shares of PC Jeweller climbed as much as 6.1% on Monday to Rs 15.94 on the BSE after Managing Director Balram Garg said the company had reduced its net debt by 19% in the past four months and would become debt-free by the end of the current financial year."We have repaid bank loans worth Rs 335 crore during the April-July period of this fiscal year," Garg told PTI, adding that the company's net debt had fallen to Rs 1,445 crore at the end of July, down from Rs 1,780 crore at the start of FY26. The company is repaying its loans using internal accruals as well as funds raised from promoters and investors."We will become debt-free by the end of this fiscal year," Garg said.PC Jeweller had indicated in its investor presentation that it had reduced its outstanding bank debt by more than 50% in
The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deal
Bengaluru: From organising yoga days and muscle therapy sessions to setting up badminton and pickleball courts and conducting sports leagues, operators of co-working spaces are going the extra mile to keep the people working at their facilities healthy, both mentally and physically.Such efforts, say the companies, help create not just lasting interpersonal connections and enhance job satisfaction, but also open up informal networking opportunities across teams and organisations.Awfis Space Solutions, which operates co-working offices at several cities across India, said it organised as many as 450 "engagement initiatives" over the past year to bring its community together. "We see the workplace as more than just a space to work; it is a place to connect, recharge, and thrive," said chairma
