Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported 42 per cent surge in net profit at Rs 5,520 crore in the first half this fiscal (H1 FY25), compared to Rs 3,881 crore in the same period last fiscal (H1 FY24).

On a quarterly basis, the flagship company of the diversified Adani Group saw its net profit rise 37 per cent to Rs 2,413 crore in Q2 FY25, from Rs 1,762 crore in the year-ago period.

The operating revenue grew by 13 per cent YoY to Rs 14,627 crore in H1 FY25, as ports revenue alone increased by 11 per cent to Rs 12,824 crore.

Cargo volume grew 9 per cent (on-year) to 220 million metric tonnes (MMT) in the first half of this fiscal, primarily driven by containers (up 19 per cent YoY).

EV two-wheeler company Ola Electric shares were trading in the deep red on Tuesday as the stock slipped below the issue price of Rs 76 for the first time in its listing history.

Shares of Ola Electric opened with a decline on Tuesday. During the trading session so far, the stock made an all-time low of Rs 74.84.

At 12 P.M., Ola Electric shares were down 3 per cent at Rs 75.25.

Ola Electric's shares were listed in the stock market in August this year. After listing, a sharp rally was seen in Ola Electric and the counter touched an all-time high of Rs 157.40 before starting a steep fall and has slipped almost 50 per cent from its highest level.

The total capital outlay of top 18 states is projected to grow 7-9 per cent (year-on-year) to Rs 7.2 lakh crore this fiscal, building on a high base from last fiscal when it grew 27 per cent to Rs 6.7 lakh crore, a report showed on Tuesday.

The Centre raised the allocation for interest-free capex loans to all states to Rs 1.5 lakh crore this fiscal from Rs 1.3 lakh crore last fiscal.

Last fiscal, 80 per cent of the allocated amount was transferred to state governments and we expect the proportion to be similar this fiscal, too, said a Crisil Ratings report.

“Key segments which will drive the growth are transport, water supply and sanitation (including housing and urban development). Irrigation is expected to see a modest growth,” it added.

Tata Consultancy Services (TCS) on Tuesday announced a 15-year deal with Ireland’s Department of Social Protection (DSP) to provide digital solutions for the automatic enrolment of nearly 800,000 workers in that country.

Building on its experience of delivering similar national programmes, TCS will partner with the DSP to launch Ireland’s 'Auto Enrolment Pensions Scheme’, providing workers with a retirement savings platform.

“TCS has a wealth of relevant experience, having provided similar services in other countries. My officials and I will be working hard alongside TCS, the Revenue Commissioners and payroll software developers to make sure that My Future Fund is delivered on time and to the highest standard,” said Heather Humphreys, Minister for Social Protection.

Samsung Electronics, facing a challenging market environment and weaker-than-expected third quarter earnings, is preparing new strategies to drive recovery in early 2025, analysts said on Tuesday.

The world's largest memory chip maker reported a preliminary operating profit of 9.1 trillion won ($6.8 billion) for the third quarter, missing market expectations of over 10 trillion won.

Its operating profit more than trebled compared with the same period a year ago, but retreated 12.8 per cent from three months earlier, reports news agency.

The disappointing earnings guidance has weighed on Samsung Electronics' stock, which fell by 30 percent over the past six months. Foreign investors led the sharp downfall.

The real estate sector in India raised nearly Rs 13,500 crore via initial public offerings (IPOs) from the markets this year to date, almost double the amount raised in 2023, according to a report on Tuesday.

With 123 fresh issues (As of October 20) across multiple sectors, 2024 has already surpassed the total number of IPOs witnessed in 2023, according to a report by Colliers India.

Since 2021, the bourses have witnessed 21 real estate IPOs, significantly higher than the 11 listings in the previous four years, during 2017-2020.

In the post-pandemic era, 21 real estate companies have raised Rs 31,900 crore through IPOs, more than double the funds raised in the preceding four-year period (2017-2020).

Elon Musk, the world’s richest person, has emerged as both a surrogate for Donald Trump and a lightning rod for the Republican’s campaign.

The CEO of electric carmaker Tesla, and Space X, which has set its sight on human colonies on Mars, and with a controlling interest in the social media platform X that was once known as Twitter, as well as a slew of tech and science companies, Musk has been out campaigning for and with Donald Trump.

In an unlikely partnership, the global warming sceptic and the prolific maker of electric cars have taken a shine to each other and Trump waxes eloquent on the technological accomplishments of Musk, especially his rockets, making hand gestures to show how his Starship booster rocket safely landed.

But in many of his campaign speeches, Trump has ridiculed the performance of electric cars, which provided the liftoff to Musk’s other enterprises, because President Joe Biden and Vice President Kamala Harris have ensured tax breaks for those buying it as a way of fighting climate change.

Industry experts on Monday lauded the Department of Consumer Affairs for releasing new guidelines to curb “greenwashing” or misleading environmental claims by companies.

The growing concern around "greenwashing," where companies exaggerate or falsely advertise the environmental benefits of their products or services, has raised red flags globally.

According to the India Cellular and Electronics Association (ICEA), the ‘Guidelines for Prevention and Regulation of Greenwashing or Misleading Environmental Claims, 2024’ to ensure transparency and accuracy in advertisements related to environmental sustainability will promote ethical business practices in the country.

Ambuja Cements, the cement and building material company of the diversified Adani Group, on Monday, reported the highest quarterly revenue of Rs 7,516 crore in Q2 FY25, up 1 per cent (year-on-year).

The company saw volume growth of 9 per cent YoY, at 14.2 million tonnes per annum (MTPA), the highest volume in the Q2 series in the last five years.

The net worth increased by Rs 450 crore during the quarter and stands at Rs 59,916 crore. The company remains debt-free and continues to maintain Crisil AAA (stable) and Crisil A1+ ratings.

A majority of homebuyers in India expects property prices to rise by 6-15 per cent over the next 12 months, citing capital appreciation and rental yields as key motivators, according to a report on Monday.

Those with annual household incomes between Rs 20 lakh-Rs 30 lakh are showing strongest preference for purchasing homes, signalling rising aspirations within the middle-income segment.

These buyers are mainly considering investments in the Rs 75 lakh to Rs 1 crore range, according to the report by real estate platform Magicbricks.