Stock Market News

Hindustan Unilever Ltd (HUL) reported a 2.33% decrease in consolidated net profit for Q2 FY25, totalling Rs 2,595 crore. Despite this, revenue from product sales rose by 2.36% to Rs 15,703 crore. CEO Rohit Jawa highlighted moderating urban FMCG demand and gradual rural recovery, with underlying sales and volume growth at 2% and 3%, respectively.

HUL Q2 profit declines 2.33% to Rs 2,595 crore
https://timesofindia.indiatimes.com/business/india-business/hul-q2-profit-declines-2-33-to-rs-2595-crore/articleshow/114507894.cms

Boeing reports a $6.2 billion third-quarter loss due to labor disputes and expenses. New CEO Kelly Ortberg acknowledges challenges and plans layoffs and funding strategies to avoid bankruptcy. A crucial machinists' strike vote on Boeing's proposed pay increases and pension demands is awaited, potentially resuming 737 production if resolved.

Boeing reports $6.2 billion quarterly loss ahead of vote by union workers
https://timesofindia.indiatimes.com/business/international-business/boeing-reports-6-2-billion-quarterly-loss-ahead-of-vote-by-union-workers/articleshow/114508250.cms

TVS Motor Company, based in Chennai, reported a 41.4% rise in consolidated net profit to Rs 588.13 crore for the second quarter ending September 30, 2024. This growth was driven by record sales of 12.28 lakh units of two and three-wheelers. Revenue from operations increased to Rs 11,301.68 crore, while expenses rose to Rs 10,427.64 crore. Notable increases were seen in motorcycle, scooter, and electric vehicle sales.

TVS Motor Co Q2 net profit rises 41 per cent to Rs 588.13 crore
https://timesofindia.indiatimes.com/business/india-business/tvs-motor-co-q2-net-profit-rises-41-per-cent-to-rs-588-13-crore/articleshow/114506544.cms

​Exclusive: First images of Vande Bharat sleeper AC 1st, AC 2-tier and AC 3-tier coaches out! Top 10 features, pics of new Indian Railways train​
https://timesofindia.indiatimes.com/business/india-business/exclusive-first-images-of-vande-bharat-sleeper-ac-1st-ac-2-tier-and-ac-3-tier-coaches-out-top-10-features-pics-of-new-indian-railways-train/photostory/114498007.cms

Kunal Bahl, co-founder of Snapdeal, shares his journey where being rejected by IIT and denied an H-1B visa led him to success. He speaks about these setbacks propelled him towards entrepreneurship in India, founding Snapdeal and Titan Capital.

‘Not getting into IIT…’: Snapdeal co-founder Kunal Bahl shares how setbacks helped shape his entrepreneurial journey
https://timesofindia.indiatimes.com/business/india-business/not-getting-into-iit-snapdeal-co-founder-kunal-bahl-shares-how-setbacks-helped-shape-his-entrepreneurial-journey/articleshow/114494656.cms

Silver prices have surged, surpassing Rs 1 lakh per kg. The rise is linked to undervaluation and demand from the EV sector. Silver futures on MCX have reached new highs, supported by global trends.

Silver better than gold for investment? Silver prices cross Rs 1 lakh mark!
https://timesofindia.indiatimes.com/business/india-business/silver-better-than-gold-for-investment-silver-prices-cross-rs-1-lakh-mark/articleshow/114494374.cms

Jio Financial Services, controlled by Mukesh Ambani, is in early discussions with Allianz SE to form new insurance partnerships in India, covering general and life insurance. Allianz is considering exiting its current ventures with Bajaj Finserv. This move aligns with Jio's ambitions to expand its financial services, leveraging India's growth potential in the insurance sector.

Ambani’s Jio in Talks with Allianz for insurance JVs in India
https://timesofindia.indiatimes.com/business/india-business/ambanis-jio-in-talks-with-allianz-for-insurance-jvs-in-india/articleshow/114490610.cms