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    Tata Power shares rise 2% after Q2 results. Why brokerages are bullish despite target price cuts

    Tata Power achieved a 33% year-on-year increase in net profit for the second quarter of FY27. Revenue also rose by 26% year-on-year to ₹19,886 crore during this period. Brokerages maintained their 'Buy' ratings while adjusting their target prices based on the latest performance figures. The company's EBITDA saw a modest growth of 5% year-on-year to ₹4,245 crore. Overall, Tata Power's market capitalisation exceeds ₹1.

    Tata Power clears ₹11,871 cr pumped storage project in Shirwata

    Tata Power has approved a significant investment for its pumped storage project at Shirwata in Maharashtra. This initiative aims to enhance energy storage and facilitate the integration of renewable power sources. The project will help support renewable energy applications by enabling effective energy shifting. Recently, the company reported strong financial results, highlighting its robust performance across various business sectors.

    Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%

    Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.

    Kalyan Jewellers Q2 Results: Net profit jumps 64% YoY to Rs 427 crore, revenue rises 31%

    Kalyan Jewellers reported a 63.6% YoY rise in consolidated net profit to Rs 427 crore in Q2FY27, while revenue grew 31.4% to Rs 10,323 crore. EBITDA increased 29.7%, though margins moderated marginally.

    Jamie Foxx’s Halloween party turns chaotic after man stabbed in neck, suspect arrested

    During the Halloween festivities hosted by Jamie Foxx, chaos erupted when a man was stabbed in the neck, although his injuries were not severe. First responders quickly arrived to manage the situation. Footage captured outside the party highlights the frantic aftermath. A suspect was arrested for using a deadly weapon, and several guests were also taken into custody. Jamie Foxx's presence at the mansion during the event is still unknown.

    Kirloskar Industries Q2 profit rises 5% to Rs 105 crore

    Kirloskar Industries (KIL) achieved a consolidated profit after tax of ₹105 crore for the quarter ending September 30, reflecting a 5% increase from ₹100.1 crore in the previous year’s corresponding quarter. The overall income surged to ₹2,097.7 crore, up from ₹1,790.1 crore, highlighting robust operational performance. Kirloskar Ferrous Industries, a key subsidiary, showcased strong demand, while Avante Spaces progresses steadily in the real estate market.

    The Economic Times
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