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Mahindra & Mahindra Q2 Consolidated Profit Surges 28% on Robust SUV and Farm Sales

Mahindra & Mahindra M&M reported a strong Q2 FY26 performance, with consolidated profit after tax PAT, excluding onetime gains, surging 28 percent yea

Mahindra & Mahindra M&M reported a strong Q2 FY26 performance, with consolidated profit after tax PAT, excluding onetime gains, surging 28 percent yearonyear to ₹3,673 crore. Consolidated revenue grew 22 percent to ₹46,106 crore, led by sustained demand for its flagship SUV models in the automotive division and record volumes in its Farm Equipment Division FED. The company retained its leadership in the farm sector, achieving a 43 percent tractor market share and boosting its core tractor PBIT margins significantly. M&M’s results underscore the success of its diversified portfolio and its ability to consistently gain market share in its core sectors. Read More..

B2B Tech News | 1 months ago        

Adani Ports Q2 Profit Jumps 29% on Exponential Growth in Logistics and Marine Segments

Adani Ports and Special Economic Zone APSEZ reported a robust Q2 FY26 performance with consolidated net profit surging 29 percent yearonyear to ₹3,1

Adani Ports and Special Economic Zone APSEZ reported a robust Q2 FY26 performance with consolidated net profit surging 29 percent yearonyear to ₹3,120 crore. Total revenue climbed 30 percent to ₹9,167 crore, driven by strong growth in its integrated transport utility model. The companys logistics and marine businesses experienced neardoubling in revenue, demonstrating the success of its porttocustomergate strategy. Domestic ports delivered a recordhigh H1 EBITDA margin of 74.2 percent, reflecting operational efficiency. APSEZ is maintaining its global leadership position, with cargo volumes increasing 12 percent, keeping it on track to achieve its ambitious 1 billion tonnes throughput target by 2030. Read More..

B2B Tech News | 1 months ago        

State Bank of India Beats Estimates as Q2 Profit Rises 6.4%, Driven by Asset Quality

The State Bank of India SBI announced its Q2 FY26 results, reporting a 6.4 percent yearonyear increase in consolidated net profit to ₹21,504.49 cror

The State Bank of India SBI announced its Q2 FY26 results, reporting a 6.4 percent yearonyear increase in consolidated net profit to ₹21,504.49 crore $2.6 billion, surpassing market estimates. The growth was primarily attributed to improving asset quality, with the Gross NonPerforming Asset GNPA ratio declining to 1.73 percent, a 40 basis point drop. The bank’s advances grew 12.73 percent, led by strong retail and SME lending. However, the domestic Net Interest Margin NIM witnessed a slight contraction to 3.09 percent due to competitive pressure on deposit rates. The management expressed confidence in sustained credit growth, projecting a continued focus on retail and agricultural segments. Read More..

B2B Tech News | 1 months ago        

Gold Price Tumbles as Traders Discount December Fed Rate Cut Possibility

The price of gold experienced a significant drop, falling 1.7 percent to $3,934.77 per ounce, as traders abruptly reversed their expectations for US m

The price of gold experienced a significant drop, falling 1.7 percent to $3,934.77 per ounce, as traders abruptly reversed their expectations for US monetary policy. The volatility follows the Federal Reserves late October rate cut, which was quickly followed by cautionary language from Chair Jerome Powell regarding any further nearterm easing. Powell’s warning that a December cut is "not a foregone conclusion" caused the probability of such a move to plummet, removing a fundamental pillar of support for the bullion market. This coordinated hawkish pivot by Fed officials strengthened the US dollar and led to a swift repricing of ratecut expectations. Read More..

B2B Tech News | 1 months ago        

World Bank Downgrades 2025 Global Growth Forecast to 2.3% Citing Trade Barriers

The World Bank has issued a stark warning, downgrading its forecast for global growth in 2025 to a sluggish 2.3 percent. The institution attributes th

The World Bank has issued a stark warning, downgrading its forecast for global growth in 2025 to a sluggish 2.3 percent. The institution attributes the significant revision primarily to a sharp and widespread rise in trade barriers and persistently high geopolitical and policy uncertainty. The report emphasizes that growth could be even weaker if trade restrictions continue to escalate. All emerging market and developing economy regions face a challenging outlook, with projections lowered across the board. The organization calls for multilateral policy efforts to restore a predictable and transparent environment for trade and investment. Read More..

B2B Tech News | 1 months ago        

Amazon Shares Hit AllTime High Following $38 Billion OpenAI Cloud Services Contract

Amazon’s stock soared to an alltime high after the announcement that its cloud unit, Amazon Web Services AWS, had secured a monumental sevenyear, $3

Amazon’s stock soared to an alltime high after the announcement that its cloud unit, Amazon Web Services AWS, had secured a monumental sevenyear, $38 billion deal to provide cloud services to OpenAI. The agreement, which provides the AI powerhouse with access to massive quantities of Nvidias specialized chips, is viewed as a major victory for Amazon in the intensifying AI cloud race. The deal significantly bolsters AWS’s position against rivals Microsoft Azure and Google Cloud, who have also courted large AI partnerships. Following the news on Monday, Amazon shares climbed four percent, adding nearly $140 billion to the companys market capitalization and validating AWSs capacity to deliver compute at an extraordinary scale. Read More..

B2B Tech News | 1 months ago        

EU Trade Delegation Arrives in New Delhi for Critical Round of India FTA Talks

A highlevel trade delegation from the European Union EU arrived in New Delhi on November 3rd to commence the critical 15th round of negotiations for t

A highlevel trade delegation from the European Union EU arrived in New Delhi on November 3rd to commence the critical 15th round of negotiations for the IndiaEU Free Trade Agreement FTA. The talks have accelerated following recent highlevel political meetings, but major stumbling blocks remain in key sensitive areas. The focus of this round is to finalize technical tariffs and market access, specifically addressing the differences over industrial tariffs, including for automobiles, and contentious rules regarding agriculture. Both sides are under pressure to reach an agreement framework by the end of December 2025, with a successful FTA expected to significantly boost bilateral trade in goods and services from its current level of over €120 billion. Read More..

B2B Tech News | 1 months ago        

China’s Manufacturing PMI Falls to 50.6 in October, Growth Slows Amid Trade Uncertainty

China’s RatingDog General Manufacturing PMI declined to 50.6 in October 2025, falling below the market consensus of 50.9 and dropping from September

China’s RatingDog General Manufacturing PMI declined to 50.6 in October 2025, falling below the market consensus of 50.9 and dropping from Septembers sixmonth high.The slowdown in factory activity expansion was attributed to softer growth in both new orders and output. Critically, foreign sales fell at the fastest pace since May, reflecting rising trade uncertainty in global markets. Despite the overall contraction in the pace of growth, new work inflows spurred a slight rise in employment for the first time in seven months. The data suggests Beijing may face renewed pressure to introduce further stimulus measures to support its exportdependent industrial sector. Read More..

B2B Tech News | 1 months ago        



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