Indus Towers slides 13.5% to hit 52-week low as company posts ₹708 crore net loss in Q3

Indus Towers' shares dropped to their 52-week low after the company reported a ₹708 crore net loss due to a provision of ₹2,298.1 crore towards doubtful debt in the same period. The stock has declined nearly 44 percent in the last one year and is trading 48 percent below its 52-week high.

D-Mart Q3 profit rises 6.7% to ₹589.64 crore, sales up 25.5%

During the quarter, Avenue Supermarts expanded the operations of its e-commerce business arm DMart Ready.

Non-financial companies stare at tepid Q3 earnings: Report

Brokerages expect a tepid quarter for non-financial companies. The combined net profits of the index companies excluding banks, financial services, and insurance (BFSI) are expected to grow just 2 percent YoY in Q3FY23.

Goldman Sachs to start cutting over 3,000 of jobs midweek

The job cuts are expected to be just over 3,000, one of the sources said, but the final number is yet to be determined.

Inflation in most Asian economies to be in comfort zone by mid-2023: Morgan Stanley

The multinational investment firm said the possible return of inflation to the comfort zone will lead to the pausing of monetary policy tightening by central banks.

Global Markets Wrap: Asia Stocks, US Futures Rise as Jobs Data in Focus

Equities in Hong Kong and China opened higher to extend a rally this week on reopening optimism. Stocks in Australia, South Korea and Japan rose. Contracts for European futures and those for the S&amp;P 500 made small gains after the US index fell 1.2% on Thursday.

Bond yields rise on elevated Jan-March state debt sale plan

Money

<ul><li>The benchmark 10-year yield ended at 7.3398% on Monday, the highest since November 10, after ending at 7.3277% on Friday.</li></ul>

Elin Electronics IPO: What these three brokerages have to say

<ul><li>Elin Electronics' IPO opens for subscription from tomorrow and closes on December 22. The company has fixed the price band at 234 to 247 rupees per equity share. The public issue with a face value of 5 rupees per equity share comprises a fresh issue worth 175 crore rupees and an offer for sale of shares worth 300 crore rupees.</li></ul>

KFin Technologies IPO: Issue subscribed 0.55 times on Day 1; check details

<ul><li>KFin Technologies IPO: The company received bids for 1,29,85,080 shares against 2,37,75,215 shares on offer, according to data from the BSE.</li></ul>

Bonus Issue: These 5 small cap stocks set record date for bonus issue this week; Check details

<ul><li>Sheela Foam Ltd, Nupur Recyclers Ltd, Precision Wires India Ltd, Sarthak Industries Ltd, and Zim Laboratories Ltd sets record dates this week.</li></ul>

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Indus Towers slides 13.5% to hit 52-week low as company posts ₹708 crore net loss in Q3

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