Polycab India reported a 15.35% rise in net profit to Rs 412.85 crore for the third quarter ended December 2023. Revenue also grew 16.83% YoY.

Polycab India's net profit surged 15.35% to Rs 416.51 crore in the December quarter, driven by strong volume growth in wires and cables. Revenue also increased 16.83% to Rs 4,340.47 crore.

Capital Group, a financial services company, sold shares of Polycab India for Rs 337 crore through an open market transaction. The shares were offloaded at an average price of Rs 3,955.87 apiece.

Polycab India shares tumbled 21% on Thursday, eroding Rs 15,485.96 crore from its market valuation, following tax evasion allegations. The Income Tax department detected unaccounted cash sales...

The Income Tax department detected unaccounted cash sales of Rs 1,000 crore during raids against Polycab, a leading wires and cables manufacturer. The company denies allegations of tax evasion.

Sebi has mandated stock brokers to implement systems for detecting and preventing market abuse, including surveillance, reporting, and whistleblower policies. The new rules aim to curb fraudulent...

Federal Bank's loan portfolio grew by 20% in the first quarter, with retail credit book up 25% and wholesale credit book up 14%. Deposits also rose by 20% year-on-year.

SECI plans to launch a tender for 500 MW of solar thermal capacity by FY25-end, marking the first time in India such a large-scale tender will be floated. The tender will feature advanced...

Premier Energies and its subsidiaries have secured a 350 MW solar module supply order from Apraava Energy for a project in Rajasthan, India. The modules aim to enhance efficiency and output,...

Get the latest areca and coconut prices in Mangaluru for Wednesday, July 3. Check prices for old supari, new supari, koka, and different coconut qualities.

Sebi has mandated stock brokers to implement systems for detecting and preventing market abuse, including surveillance, reporting, and whistleblower policies. The new rules aim to curb fraudulent...

Federal Bank's loan portfolio grew by 20% in the first quarter, with retail credit book up 25% and wholesale credit book up 14%. Deposits also rose by 20% year-on-year.

Guar seed futures prices rose on Wednesday, driven by firm spot market demand and thin supplies, according to market analysts. Speculators increased their positions, leading to a 0.72% increase in...

SECI plans to launch a tender for 500 MW of solar thermal capacity by FY25-end, marking the first time in India such a large-scale tender will be floated. The tender will feature advanced...

Indian social media platform Koo, a potential Twitter rival, is shutting down after failing to secure a partnership. The founders cite high operational costs and funding challenges.