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BusinessPhoto: ET MarketsApollo Micro Systems reported a 56% year-on-year increase in net profit for Q2, with revenues rising 72% to Rs 388 crore in the September quarter. The company showed strong operational efficiency with a notable EBITDA increase in the defence sector. It aims to enhance capabilities and expand into global markets, focusing on strategic growth.
ET Markets·
Prime Minister Narendra Modi congratulated Luiz Inácio Lula da Silva on his victory in Brazil's presidential election, marking his fourth term. Modi emphasized strengthening the friendship between India and Brazil. Lula defeated right-wing candidate Jair Bolsonaro, a Trump supporter, despite economic challenges including US tariffs. Lula will assume office again at age 80.
AajTak·
Virat Kohli and Anushka Sharma were seen enjoying a bhajan concert by Krishna Das in Mumbai. The couple appeared deeply immersed in devotion, chanting and celebrating the spiritual music. Krishna Das, who left the glamour world for a life of devotion, has a connection to Hanuman lineage. Virat and Anushka have also visited Vrindavan multiple times to meet saint Premanand.
AajTak··Mumbai
The Indian rupee's recent rally is losing steam despite the Reserve Bank of India's efforts to support it. The rupee fell 5 paise to 94.98 against the U.S. dollar amid rising oil prices and increased safe-haven demand. Challenges include a shrinking dollar reserve and geopolitical tensions in West Asia, which are impacting the currency beyond crude oil price surges.
NDTV·
In Brazil, Luiz Inácio Lula da Silva has secured victory in the presidential election. Meanwhile, incumbent Jair Bolsonaro is attempting to annul the election results. This political conflict highlights tensions following the recent poll outcome in Brazil.
Le Monde.fr·
Next week, the stock market will be influenced by factors including oil prices, selling pressure, and Q2 earnings results. Recently, the Sensex fell over 500 points, with Nifty near 22,400. Infosys shares dropped 3%. After a weak start, the market showed some recovery, with Nifty crossing 22,600. Around 394 stocks hit their 52-week lows, indicating volatility ahead.
AajTak·
ET Markets·
Photo: ET MarketsApollo Micro Systems reported a 56% year-on-year increase in net profit for Q2, with revenues rising 72% to Rs 388 crore in the September quarter. The company showed strong operational efficiency with a notable EBITDA increase in the defence sector. It aims to enhance capabilities and expand into global markets, focusing on strategic growth.
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