Wed, Feb 14, 2024 11:57 AM
Ghaziabad development body set to give nod to Wave City
A Flip by Shubhangi Gupta
Tata Steel Ltd announced its July to September quarter results on Wednesday, November 6. The company recorded a ₹833.45 crore net profit for the second quarter of the financial year 2024-25, according to the company’s BSE filing on Wednesday. Tata Steel shares closed 0.85 per cent higher at ₹153.60 after Wednesday’s trading session, compared to ₹152.30 at the previous market close.
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Sonata Software reported a slight increase in net profit for the second quarter ended September 30, with a 0.9% rise to ₹106.5 crore, compared to ₹105.6 crore in the previous quarter. However, the company, which offers a broad range of software and cloud services that support digital transformation for businesses and individuals, saw a 14% drop in revenue.
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As Donald Trump declared victory over Democrat Kamala Harris in the US presidential election, Chinese markets quickly reflected the jitters surrounding what might be another period of trade and technology clashes. On Wednesday, the offshore yuan dropped by over 1%, hitting its weakest point since August, while the CSI300 Index in Shanghai fell 0.5%.
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