Sumer Juneja, Managing Partner and Head of EMEA & India Investing at SoftBank, believes that rising wealth and busier lifestyles are driving consumer willingness to pay for convenience, even amid inflation.
HEG Q2 Results | The electrode company’s EBITDA fell 5.2% to ₹96.6 crore over ₹102 crore in Q2 of FY24. Shares of HEG Ltd ended at ₹404.70, down by ₹10.95, or 2.63%, on the BSE.
Profit after tax came in ₹38.4 crore in Q2 of FY25, a recovery from a net loss of ₹11.8 crore in the first quarter of this fiscal. The shares of AstraZeneca Pharma India ended 1.7% in the green on Wednesday, November 13.
Nuva Bupa is expected to have a post-listing market capitalisation of ₹13,520 crore at the upper end of the price band.
Brigade Enterprises Q2 Results | EBITDA dropped 10.1% to ₹291.9 crore over ₹324.7 crore in the prior-year period. Shares of Brigade Enterprises Ltd ended at ₹1,084.95, down by ₹37.05, or 3.30%, on the BSE.
As per the income tax return filing data, sources said that the number of individuals declaring income of over ₹50 lakh have gone up to over 9.39 lakh in 2023-24, up 5 fold from 1.85 lakh in 2013-14.
Apollo Tyres Q2 Results | EBITDA tanked 24.3% to ₹877.8 crore and the EBITDA margin stood at 13.6% versus 18.5% in the same quarter in FY24, both missing projections. Shares of Apollo Tyres Ltd ended at ₹456.35, down by ₹15.05, or 3.19%, on the BSE.
SEBI’s proposal includes raising the maximum investment limit per angel fund from ₹10 crore to ₹25 crore and lowering the minimum investment requirement from ₹25 lakh to ₹10 lakh. These changes aim to attract a broader investor base and provide startups with more substantial funding.
SEBI has proposed doubling the minimum capital requirement for custodians to ₹1,000 crore, alongside enhanced compliance standards similar to those for qualified stock brokers.
Results for the quarter were led by a growing share in high-margin hotel and ancillary business segments. It also reported a growth of 26% in monthly transacting buyers in the international markets compared to the year-ago period.
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