Search result for 'capex'

Strides Pharma CDMO Arm Raises Rs 801 Cr in Pre-Listing Round

October 16, 2024 10:46

Strides Pharma Science's CDMO arm, OneSource Specialty Pharma, secures Rs 801 crore in pre-listing funding from investors, aiming to accelerate growth and expand operations.

Vodafone Idea Capex Cycle: Kumar Mangalam Birla

October 15, 2024 12:06

Vodafone Idea's fundraise enables the telco to kick-start its capex cycle, placing it on a secure footing. Kumar Mangalam Birla highlights VIL's commitment to India's digital destiny.

Cement Industry Growth to Slow to 7-8% in FY25: Crisil Report

October 14, 2024 17:31

Crisil predicts cement industry growth to slow to 7-8% in FY25, reaching 475 MT, citing lower growth in the first half. Despite this, margins are expected to improve.

RBI Holds Rates, Experts Expect Cuts: Monetary Policy Analysis

October 9, 2024 15:06

The Reserve Bank of India (RBI) maintains its key interest rate, but experts anticipate cuts in the coming months. The decision reflects a pragmatic approach to managing inflation and growth.

RBI Retains FY25 Growth Forecast at 7.2% | India Economy

October 9, 2024 12:21

Reserve Bank of India maintains FY25 growth projection at 7.2%, citing robust consumption and investment. However, Q2 GDP estimate lowered to 7%.

Indian Alcobev Revenue to Grow 8-10% in FY25: ICRA

October 7, 2024 21:06

ICRA forecasts 8-10% revenue growth for Indian alcoholic beverage companies in FY25, driven by spirits revival, premiumization, and price hikes.

Airtel Business & Fortinet Launch 'Airtel Secure Internet' for Enterprises

October 7, 2024 13:14

Airtel Business and Fortinet partner to provide 'Airtel Secure Internet', a comprehensive cybersecurity solution for enterprises, combining Airtel's connectivity with Fortinet's next-gen firewall.

CII Business Confidence Index Hits 2-Quarter High, Industry Upbeat on Policy Continuity

October 6, 2024 13:42

The CII Business Confidence Index rose to 68.2 for July-September, driven by policy continuity and strong economic momentum. The index reflects optimism in the industry despite global challenges.

UP Bioplastic Policy: BCML's Rs 2000cr PLA Project

October 4, 2024 15:56

Balrampur Chini Mills (BCML) will finalize its Rs 2,000 crore bioplastic plant in UP once the policy details are released. The policy offers incentives for companies investing in sustainable...

BCL Industries to Invest Rs 350 Cr in Haryana Biogas Plant

October 4, 2024 12:30

BCL Industries plans to invest Rs 350 crore in Haryana to set up a 20 MTPD biogas plant using paddy straw, aiming to scale up its green initiatives.

Refex Industries to Raise Rs 928 Cr for Growth & Sustainability

October 3, 2024 17:41

Refex Industries plans to raise Rs 928 crore through equity and warrants to fund investments in subsidiary companies, capex, and loan repayment, with a focus on sustainability in ash handling...

India Inc Credit Profile Improves on Growth: Crisil Ratings

October 1, 2024 17:19

India Inc's credit profile improved in H1 FY25 due to strong economic growth, led by government infrastructure investment and private consumption. Crisil Ratings expects further improvement.

Corporate Credit Rating Upgrades Surge in H1 FY25: Ind-Ra

October 1, 2024 14:43

India Ratings and Research (Ind-Ra) reports a robust corporate credit profile in H1 FY25, with 202 issuers receiving rating upgrades. Large corporates and A-rated companies saw the most upgrades,...

IPF Plans Rs 3,000cr Capex in Bengal: New Poly Parks & Skill Centre

September 30, 2024 17:36

The Indian Plastics Federation (IPF) plans to invest Rs 3,000 crore in West Bengal, setting up new poly parks and a skill development centre to address rising demand and manpower shortage.

Govt Urges White Goods Industry to Apply for PLI Scheme

September 30, 2024 14:11

India's DPIIT urges white goods manufacturers to apply for fiscal benefits under the Production Linked Incentive (PLI) scheme, citing muted response so far. The scheme aims to boost domestic...

Poll-Bound States' Fiscal Profligacy: UBS Report

September 27, 2024 17:17

UBS report warns of fiscal profligacy in poll-bound states, highlighting increased welfare spending and its potential impact on capital expenditure.

Balmer Lawrie Plans Rs 700 Cr Capex, Ethanol Diversification

September 26, 2024 17:04

Balmer Lawrie & Co plans Rs 700 crore capital expenditure to diversify into ethanol production, set up a free trade warehousing zone in Mumbai and upgrade facilities.

Petrol, Diesel Price Cut Likely: Icra

September 26, 2024 13:26

Icra predicts a possible reduction in petrol and diesel prices in India due to lower crude oil prices. The agency estimates a potential drop of Rs 2-3 per litre, citing improved margins for...

SAP Labs India: Driving Global AI Innovation & New Campus

September 24, 2024 21:14

SAP Labs India, the largest R&D hub outside Germany, is spearheading global AI innovation, with a focus on Custom AI and multi-agent AI. The company is also expanding its Bengaluru campus in three...

NMDC Iron Ore Output Grows 10% in FY24

September 24, 2024 18:47

NMDC achieved record production and sales of iron ore in FY24, with output rising 10% to 45 million tonnes and sales up 16% to 44.48 million tonnes. The company's CMD highlighted the strong...

SBI Sees Rs 4 Lakh Cr Credit Demand, Private Capex to Rise

September 24, 2024 16:13

SBI Chairman C S Setty expects private capital expenditure to pick up in the second half of FY24, driven by a strong Rs 4 lakh crore credit pipeline. The bank also sees renewed government spending.

Vodafone Idea Shares Surge 14% on 5G Deal

September 23, 2024 10:37

Vodafone Idea shares jumped 14% after awarding contracts worth Rs 30,000 crore to Nokia, Ericsson, and Samsung for 4G and 5G network equipment. The deal marks the first step in the company's...

Vodafone Idea Awards Rs 30k-cr Contracts for 4G, 5G Gear

September 22, 2024 11:54

Vodafone Idea has awarded contracts worth Rs 30,000 crore to Nokia, Ericsson, and Samsung for 4G and 5G network equipment, marking the start of its three-year capex plan.

FM Sitharaman Reviews Housing Ministry Capex Plan

September 20, 2024 21:10

Finance Minister Nirmala Sitharaman reviewed the capex plan of the Ministry of Housing and Urban Affairs, emphasizing the need for timely and efficient utilization of funds for PMAY (Urban) and...

India to Change GDP Base Year to 2022-23

September 19, 2024 18:04

India's government is considering changing the base year for GDP calculation to 2022-23 from 2011-12, aiming for a more accurate reflection of the economy. This move will be the first revision in...

Jindal India to Invest Rs 1,500 Crore for Capacity Expansion

September 19, 2024 16:22

Jindal India announces a Rs 1,500 crore investment to boost production capacity to 1.6 million tonnes, focusing on coated flat products, pipes, and crash barriers. The expansion is expected to be...

IGREL Renewables Raises Rs 300 Crore for Renewable Energy Expansion

September 18, 2024 09:35

INOXGFL Group's renewable energy platform, IGREL Renewables, has raised Rs 300 crore from investors to expand its wind and solar capacity to 2 GW by FY27.

Sitharaman Reviews Railways Capex Plan: Focus on Safety & Convenience

September 17, 2024 21:25

Finance Minister Nirmala Sitharaman reviewed the Railways Ministry's capex plan, emphasizing safety, passenger convenience, and expedited implementation of the Kavach system. She also stressed the...

Table Space Acquires 5 Lakh sq ft Office Space in Bengaluru

September 16, 2024 21:10

Table Space, a flexible workspace provider, has acquired 5 lakh sq ft office space in Bengaluru for around Rs 500 crore to expand its business.

Livpure Targets 1 Million Water Subscriptions in 4 Years

September 15, 2024 10:30

Livpure, a water purifier maker, aims to reach 1 million subscriptions in 4 years through its 'water-as-a-service' model, expanding access to clean water across India.

Epsilon to Build Rs 9,000 Crore Anode Plant in Karnataka

September 15, 2024 10:20

Battery materials manufacturer Epsilon Advanced Materials plans to build a Rs 9,000 crore anode plant in Karnataka with an annual production capacity of 90,000 tonne. The plant will be built in two...

India Steel Consumption to Grow 9-10% in FY25: ICRA

September 12, 2024 13:19

ICRA forecasts a 9-10% growth in domestic steel consumption in FY25, driven by robust demand in Q1 FY24 and expected government capex. Capacity utilization is projected to reach a decadal high of 88%.

Vedanta Demerger Expected by End of FY25: Top Official

September 11, 2024 17:58

Vedanta Ltd's demerger of key businesses, including aluminium, into separate listed companies is expected by the end of FY25, a top official said. The demerger is aimed at simplifying the company's...

India Committed to Reducing Budget Deficit: Fitch

September 10, 2024 18:17

Fitch Ratings says India remains committed to reducing its budget deficit despite focus on public spending. The agency highlights India's fiscal credibility and its preference for consolidation.

Cement Industry Consolidation: Report Predicts Further Growth

September 9, 2024 18:01

Indian cement industry expected to see further consolidation in the near-to-medium term, driven by aggressive capacity expansion and increased competition. Report highlights growth in demand and...

JSW Infrastructure Approves Rs 2,359 Crore Capex for Capacity Expansion

September 9, 2024 15:16

JSW Infrastructure has approved a Rs 2,359 crore capex for capacity expansion at its Jaigarh and Dharamtar Port, aiming to reach 400 MTPA by FY2030.

Adani Green Redeems USD 750 mn Bonds, Deleveraging Business

September 9, 2024 09:40

Adani Green Energy Ltd has redeemed USD 750 million worth of bonds, deleveraging its business and achieving a three-fold capacity increase. The move follows a January announcement of a plan to...

Vedanta Demerger: From Asset Manager to Owner

September 8, 2024 10:50

Vedanta to demerge its verticals, creating independent companies for aluminium, oil ''gas, power, steel, and base metals. The move aims to transition from asset manager to owner. '

Vodafone Idea's Capital Raise Unlikely to Stop Market Share Erosion: Goldman Sachs

September 6, 2024 17:07

Goldman Sachs predicts Vodafone Idea's recent capital raise won't prevent market share decline, citing continued capex challenges and large AGR payments. The brokerage expects another 300 bps share...

India: Finance Ministry Relaxes Norms for Capex Boost

September 4, 2024 16:54

The Indian finance ministry has relaxed norms for expenditure exceeding Rs 500 crore to accelerate capital expenditure (capex) for the current fiscal year, aiming to boost government spending.

Sitharaman Urges Quarterly Capex Targets for Ministries

September 3, 2024 20:33

Finance Minister Nirmala Sitharaman emphasizes the need for quarterly capex targets by ministries to expedite spending and achieve FY2024-25 goals. She reviewed MoRTH and DoT budgets, highlighting...

Domestic Savings to Remain Top Lender: RBI

September 3, 2024 14:21

RBI Deputy Governor Patra says domestic savings will continue to be the main source of financing for India's economy in the coming decades, despite recent changes in household savings patterns.

Domestic Saving to Remain Top Lender in India: RBI

September 3, 2024 14:20

RBI Deputy Governor Michael Patra says domestic saving will continue to be the primary source of financing for India's economy in the coming decades, driven by rising incomes and household wealth.

PVR INOX to Close Screens, Monetize Assets: FY25 Plans

September 1, 2024 10:40

PVR INOX plans to close 70 non-performing screens in FY25, focusing on profitable growth. The company also plans to monetize real estate assets in key locations.

NHPC, SJVN, SECI Get Navratana Status: Greater Autonomy

August 30, 2024 21:14

NHPC, SJVN, and SECI have been granted Navratana status by the Indian government, providing them with increased operational and financial autonomy. This move aims to boost the power sector's growth...

India's Fiscal Deficit Hits 17.2% in First 4 Months: CGA Data

August 30, 2024 18:43

India's fiscal deficit reached 17.2% of the full-year target in April-July, driven by lower capital expenditure and higher revenue receipts. Learn more about the fiscal deficit and its impact on...

BPCL Plans New Refining ''Petrochemical Complex in 5-7 Years

August 30, 2024 16:34

BPCL plans to build a new refining and petrochemical complex in India to meet growing energy demand. The company also outlined its investments in green energy and EV infrastructure.

NHPC Raises Borrowing Limit to Rs 50,000 Cr

August 29, 2024 20:07

NHPC shareholders approved increasing the company's borrowing limit to Rs 50,000 crore, enabling further investments in ongoing and new projects.

Moody's Ups India's 2024 GDP Growth Forecast to 7.2% - Strong Growth

August 29, 2024 18:49

Moody's raises India's GDP growth forecast for 2024 to 7.2% and 2025 to 6.6%, citing strong broad-based growth, improved rural demand and a revival in private capex.

India Rating Retained at 'BBB-' by Fitch with Stable Outlook

August 29, 2024 15:31

Fitch Ratings has affirmed India's sovereign rating at 'BBB-' with a stable outlook, citing strong medium-term growth and improved fiscal credibility. Read more.

Coal India Faces Rs 35,000cr Impact From SC Mining Tax Ruling

August 23, 2024 21:06

Coal India could face a significant financial impact of up to Rs 35,000 crore due to a Supreme Court ruling on mining taxes. The company is awaiting clarity before making provisions.

Indian Cement Makers Invest Rs 1.25 Lakh Cr to Meet Demand

August 22, 2024 16:59

Indian cement companies to invest Rs 1.25 lakh crore in next two years to meet growing demand, adding 130 million tonnes of grinding capacity.

India's GDP Growth to Moderate to 6% in Q1 FY25: ICRA

August 22, 2024 12:54

ICRA projects India's GDP growth to slow to 6% in Q1 FY25, citing weak government spending and urban consumer demand. The agency expects full-year growth at 6.8%.

Aditya Birla Group Sees Growth in Building Materials Business

August 20, 2024 17:54

Aditya Birla Group expects significant growth in its building materials business driven by India's housing and infrastructure boom. Cement and decorative paints are key segments for the group.

Indian Cos Capex: USD 45-50 Billion Over 2 Years, RIL Leads - Moody's

August 20, 2024 16:37

Moody's forecasts Indian companies to spend USD 45-50 billion annually on capex over the next 1-2 years, led by Reliance Industries. The report highlights the oil and gas sector's significant role...

Private Capex to Surge 54% in FY25: RBI

August 19, 2024 20:37

RBI paper projects a 54% jump in private capex to Rs 2.45 lakh crore in FY25, driven by rising domestic demand and government infrastructure push.

Budget Balances Fiscal Prudence, Growth: RBI Paper

August 19, 2024 19:38

An RBI paper hails the Union Budget for striking a balance between fiscal prudence and growth, highlighting its positive impact on the medium-term economic outlook.

BPCL to Invest Rs 1.7 Lakh Cr in Expansion, Green Energy

August 18, 2024 10:52

BPCL plans to invest Rs 1.7 lakh crore over the next five years to expand its core business and foray into new areas like petrochemicals and green energy. The company aims to achieve net-zero...

TVS Motor Confident of Outperforming Industry in FY24

August 18, 2024 10:11

TVS Motor CEO expects strong growth in FY24 driven by new product launches and expansion into key markets like Africa, Middle East and Latin America.

Ashok Leyland Sees High Fleet Enquiries Amid Consolidation - PTI

August 16, 2024 17:45

Ashok Leyland reports a surge in enquiries from fleet operators due to industry consolidation. The company expects single-digit growth in the MHCV segment this fiscal. Read more.

House of Abhinandan Lodha Targets 30% Growth in FY'25

August 15, 2024 11:58

The House of Abhinandan Lodha, a real estate firm specializing in plotted developments, aims for a 30% sales growth in FY'25, fueled by strong demand. The company has launched projects in...

Vedanta Stake Sale in Hindustan Zinc: Debt Reduction & Capex Boost

August 15, 2024 11:03

Vedanta's planned stake sale in Hindustan Zinc aims to raise funds for debt repayment and capital expenditure, impacting the company's future dividend income and debt burden.

Ola Electric Widens Loss, Launches E-Motorcycle on Aug 15

August 14, 2024 22:14

Ola Electric reported a wider loss in Q1 FY25 but saw strong revenue growth. The company is set to launch its electric motorcycle portfolio on August 15th, targeting the growing EV market.

Vodafone Idea: Govt Stake Sale, Tariff Hikes & 4G Coverage

August 13, 2024 19:19

Vodafone Idea CEO comments on the government's potential stake sale, recent tariff hikes, and the company's 4G network expansion and 5G rollout plans.

Maharashtra Fiscal Deficit & Lower Capex in FY25: Report

August 12, 2024 21:15

A report highlights higher welfare spending in Maharashtra may lead to a fiscal deficit exceeding the target and a reduction in capital expenditure in FY25.

Vodafone Idea Q1 FY25 Losses Narrow to Rs 6,432.1 Crore

August 12, 2024 20:44

Vodafone Idea's losses narrowed to Rs 6,432.1 crore in Q1 FY25, driven by 4G subscriber growth. The company is expanding its 4G coverage and launching 5G services.

Hindustan Copper Q1 Profit Doubles to Rs 113.40 Crore

August 12, 2024 16:39

Hindustan Copper Ltd's net profit for Q1 FY24 surged to Rs 113.40 crore, driven by higher revenue. The company also plans to exceed its capex target.

RBI Retains Growth, Inflation Projections at 7.2%, 4.5% for FY25

August 8, 2024 12:14

The Reserve Bank of India (RBI) has retained its growth and inflation projections for the current fiscal year at 7.2% and 4.5% respectively, citing a normal monsoon and improved economic activity....

Vedanta Shares Surge 5% on Strong Q1 Profit

August 7, 2024 18:07

Vedanta Ltd shares jumped nearly 5% on Wednesday after the company reported a 36.5% rise in consolidated net profit for the June quarter of FY25.

Reliance Ready for Growth: Ambani Outlines Plans

August 7, 2024 14:57

Mukesh Ambani outlines Reliance's plans for growth, including net zero emissions, True5G rollout, and expanding retail presence.

Shree Cement Q1 Net Profit Down 51.3%, Sales Up 8% | Business News

August 6, 2024 20:17

Shree Cement reported a 51.3% decline in Q1 net profit to Rs 278.45 crore, but sales volume increased by 8% to 9.64 million tonnes. The company cites sluggish demand due to elections and weather.

Tata Power Acquires 40% Stake in KHPL for Rs 830 Cr

August 6, 2024 19:22

Tata Power to invest Rs 830 crore for a 40% stake in KHPL, a Bhutanese hydropower project. The company aims to develop a 600 MW hydro project. This acquisition aligns with Tata Power's commitment...

Tata Power Net Profit Jumps 31% to Rs 1,189 Cr in Q1 FY25

August 6, 2024 17:20

Tata Power's net profit surged 31% YoY to Rs 1,189 crore in the June quarter, driven by operational efficiency and strong performance across its businesses.

Bharti Airtel Q1 Profit Surges 2.5x to Rs 4,160 Cr on ARPU Growth

August 5, 2024 19:18

Bharti Airtel's Q1 FY25 profit jumped 2.5 times to Rs 4,160 crore, driven by higher ARPU, exceptional gains, and India revenue growth. Read more.

House of Abhinandan Lodha to Invest Rs 1,800 Cr in Plotted Development

August 4, 2024 14:37

House of Abhinandan Lodha, a real estate firm, plans to invest Rs 1,800 crore this fiscal to expand its plotted development business. The company, founded in 2021, has already launched nearly 10...

Adani's Ambuja Cement to Invest Rs 1,600 Crore in Bihar

August 3, 2024 15:48

Adani Group's Ambuja Cement will invest Rs 1,600 crore to build a cement grinding unit in Bihar, creating jobs and contributing to the state's economy.

Sebi Simplifies IPO Process: Template & AI for Faster Approvals

August 2, 2024 13:32

Sebi is streamlining IPO approvals with a templatised offer document and AI tool for faster processing. The regulator also plans to simplify fundraising for listed companies.

Dairy Industry Revenue to Grow 13-14% in FY25: Report

July 31, 2024 20:16

India's dairy industry is expected to see strong revenue growth in FY25, driven by rising consumer demand, improved milk supply, and growth in value-added products. Read more.

Union Budget 2024-25: Balanced Growth, Fiscal Consolidation

July 31, 2024 19:23

Finance Minister Nirmala Sitharaman defends Union Budget 2024-25, highlighting growth, employment, fiscal consolidation, and cooperative federalism.

Budget Balances Growth, Employment & Capex: FM

July 31, 2024 16:01

India's Union Budget 2024-25 focuses on growth, employment, capital investment, and fiscal consolidation, with increased funding for states and agriculture. The FM highlights the government's...

India GDP Growth Forecast Upgraded to 7.5% by Ind-Ra

July 31, 2024 12:27

India Ratings & Research (Ind-Ra) has revised its GDP growth forecast for FY25 to 7.5%, citing improved consumption demand. The agency expects PFCE to grow to 7.4% in FY25.

GAIL Q1 Profit Soars 77% on Gas Marketing Gains

July 30, 2024 18:47

GAIL (India) Ltd reported a 77.5% jump in Q1 net profit, driven by doubled earnings from gas marketing. Natural gas transmission earnings also rose significantly.

FY25 Budget: No State Denied Funds, Says Sitharaman

July 30, 2024 17:53

Finance Minister Nirmala Sitharaman clarifies that all states will receive funds in the FY25 Budget, dismissing claims by opposition leaders that some states were left out.

Adani Wilmar to Invest Rs 600 Crore in Edible Oil, Solar Expansion

July 30, 2024 16:53

Adani Wilmar plans to invest Rs 600 crore to expand its edible oil business and solar power capacities. The company also plans to launch new food products for consumers and institutional buyers.

India Economy to Grow Over 7% in FY25: NCAER

July 29, 2024 17:38

NCAER forecasts India's economy to grow above 7%, potentially reaching 7.5%, in FY25, citing strong consumption, investment, and a favorable global outlook.

Jai Balaji Q1FY25 Net Up 23%, Capex Completion in 9 Months

July 29, 2024 17:22

Jai Balaji Industries Ltd reports a 23% rise in net profit for Q1FY25, driven by strong demand for specialized products. The company expects to complete its Rs 1000 crore capex within 9 months.

DLF-GIC JV DCCDL Office Rental Income Rises 11% to Rs 942 Cr

July 28, 2024 15:06

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and GIC, saw its office rental income rise 11% to Rs 942 crore in Q1 FY25 on strong demand for premium workspace.

Coal India to Boost Output with 119 Projects, Rs 1,33,576 Cr Investment

July 28, 2024 12:12

Coal India Ltd is advancing 119 projects with a capacity of 896 million tonne per year and a sanctioned capital of Rs 1,33,576 crore to boost production and meet future coal demands.

BookMyCargo Enters B2C Logistics, Aims Rs 100 Cr Turnover

July 28, 2024 11:10

BookMyCargo, a logistics player, has entered the B2C segment targeting Rs 100 crore turnover by FY30. The company aims to tap the growing demand for same-day deliveries.

Petroleum Pipeline Tariff Hike: Boost for IOC, Reliance

July 26, 2024 17:13

India's oil regulator raises pipeline tariffs for petroleum products like petrol and diesel, benefiting companies like IOC and Reliance. Learn about the new tariff structure and its impact.

India's FY25 Budget: Fitch Confirms Fiscal Deficit Reduction

July 26, 2024 15:04

Fitch Ratings affirms India's commitment to fiscal deficit reduction in FY25 and FY26, despite coalition government demands. The budget highlights priority areas like agriculture, job creation, and...

DLF Sales Bookings Surge 3-Fold to Rs 6,404 Cr in Q1 | Luxury Housing Demand

July 26, 2024 09:26

DLF's Q1 sales bookings jumped to Rs 6,404 crore driven by luxury home demand. The company's 'DLF Privana West' project contributed significantly to the growth.

DLF Q1 Profit Up 23%, Sales Bookings Surge - PTI

July 25, 2024 19:46

DLF reports a 23% jump in Q1 profit to Rs 645.61 crore, driven by strong housing demand. Sales bookings soar over 3-fold to Rs 6,404 crore, with Privana West selling out.

Ashok Leyland Q1 Profit Up, Capex of Rs 800 Cr for FY25

July 25, 2024 19:31

Ashok Leyland reported a 6% YoY fall in Q1 net profit to Rs 509 cr, impacted by a deferred tax gain. The company has lined up a capex of Rs 750-800 crore for FY25, primarily for new product...

United Breweries Q1 Profit Up 27.5% to Rs 173.8 cr

July 25, 2024 19:30

United Breweries Ltd's net profit rose 27.47% to Rs 173.80 crore in Q1 FY24, driven by volume and price mix improvements. Revenue also increased by 10.83% to Rs 5,811.28 crore.

Ramco Cements Q1 Profit Down 51% to Rs 36.57 Cr

July 25, 2024 19:13

Ramco Cements reported a 51% decline in Q1 net profit to Rs 36.57 crore due to lower cement prices and weak demand during the Lok Sabha elections.

Venus Pipes Q1 Profit Jumps 58% to Rs 27.5 cr

July 25, 2024 17:42

Venus Pipes & Tubes Ltd reported a 58% rise in Q1 profit to Rs 27.55 crore, driven by higher exports. Revenue rose 34% to Rs 240.1 crore. Read more.

CPSE Value Creation Focus, Not Disinvestment: DIPAM Secy

July 25, 2024 15:32

India's DIPAM Secretary emphasizes value creation over disinvestment in CPSEs, highlighting improved performance and market capitalization growth. Disinvestment strategy is supportive, not...

FDI & Tax Cuts Boost Capital Inflows: Deloitte India

July 24, 2024 16:53

Deloitte India highlights how simplified FDI regulations and reduced corporate tax rates will significantly enhance capital inflows and encourage investment in startups.

FY25 Budget: Fitch Ratings on India's Fiscal Deficit & Policy

July 23, 2024 21:31

Fitch Ratings commends India's FY25 Budget, highlighting its commitment to fiscal deficit reduction and policy continuity under the NDA government. The rating agency expects sustained fiscal...

Union Budget 2024: MSMEs, Cancer Drugs, Housing Schemes Get Boost

July 23, 2024 19:14

Union Budget 2024 focuses on boosting MSMEs with credit schemes and MUDRA loan increase. Lower duty on cancer drugs and medical equipment aims to improve healthcare access. Affordable housing gets...

India Budget 2024: Focus on Jobs, Inflation Praised

July 23, 2024 17:55

Economists applaud India's 2024 Budget, highlighting its emphasis on job creation, inflation control, and fiscal prudence. They praise the government's responsiveness to economic concerns.

Budget 2024-25: Fiscal Prudence & Economic Growth

July 23, 2024 17:11

Experts applaud India's Union Budget 2024-25 for maintaining fiscal prudence, focusing on capital expenditure and targeting a 4.9% fiscal deficit. The budget aims to stimulate economic growth and...

Govt Retains Rs 67,000 Cr Power PSU Investment in FY25

July 23, 2024 16:34

The Indian government has retained a 14% increase in capital investment for 8 power PSUs in FY25, totalling Rs 67,286.01 crore. Power Grid Corporation leads with Rs 12,250 crore investment.

India Budget 2024: Fiscal Consolidation, Common Man Focus

July 23, 2024 15:45

India's Budget 2024 focuses on fiscal consolidation and common man's interests, with mixed reactions from industry.

India's 2024-25 Budget: Rs 11.11 Lakh Cr Capex

July 23, 2024 12:01

India's 2024-25 Union Budget allocates Rs 11.11 lakh crore for capex, focusing on infrastructure development and energy audit for small industries.

Nirmala Sitharaman to Present 7th Budget, Breaking Record

July 23, 2024 10:08

Finance Minister Nirmala Sitharaman will present her 7th consecutive budget, surpassing the record of Morarji Desai. The budget is expected to focus on post-pandemic fiscal consolidation and...

India Budget 2024: Key Numbers & Fiscal Outlook

July 23, 2024 09:57

India's Finance Minister presents the 2024 budget, focusing on fiscal deficit, capital expenditure, tax revenue, and growth projections for the world's fastest-growing economy.

Private Sector Investment to Improve: CEA

July 22, 2024 21:18

India's Chief Economic Advisor expects private sector investment to further improve in the coming months, driven by government capex and a potential uptick in Chinese FDI.

India Needs Small Reforms For Growth: CEA

July 22, 2024 20:12

India's Chief Economic Advisor says the country needs smaller, more fundamental reforms to drive growth, focusing on government efficiency and infrastructure. The IMF has raised India's growth...

India Budget 2024: Key Numbers to Watch

July 22, 2024 19:48

India's Finance Minister will present the 2024 Budget, focusing on 'Viksit Bharat'. Key areas include fiscal deficit, capital expenditure, tax revenue, and GST.

India's FY25 GDP to Surpass Forecast: Industry

July 22, 2024 18:01

Industry bodies are confident that India's GDP growth will exceed the Economic Survey's forecast, with potential for 8% growth. The survey highlights key areas for growth and reform.

Insolvency & Bankruptcy Code: Rs 10.2 Lakh Cr Defaults Settled

July 22, 2024 14:44

India's Insolvency & Bankruptcy Code (IBC) has helped settle Rs 10.2 lakh crore in defaults since 2016, with real estate companies accounting for a significant portion. The IBC has also enabled...

Union Budget 2023: Affordable Housing, Infrastructure & Manufacturing Focus - Assocham

July 21, 2024 15:58

Assocham highlights key priorities for the upcoming Union Budget, emphasizing affordable housing, infrastructure development, green mobility, and a boost to manufacturing.

Union Bank Profit Up 13.7% to ₹3,679 Cr, Flags Margin Concerns

July 20, 2024 14:08

Union Bank of India's net profit rose 13.7% to ₹3,679 crore in Q1 FY24, but the bank flagged challenges on net interest margins due to higher deposit costs.

Union Budget 2024: Focus on Rural Economy, Agri-Infra

July 19, 2024 18:28

Industry expects the upcoming Union Budget to prioritize rural economy, agri-infrastructure development, and healthcare accessibility, with proposals for tax breaks, incentives, and infrastructure...

India Needs Tax Rationalization for Electronics Sector: NITI Aayog

July 18, 2024 21:10

NITI Aayog report suggests India needs to rationalize direct and indirect tax structures for electronics sector to boost production and compete globally.

Ceat Q1 Profit Rises 7% to Rs 154 Cr, Revenue Up | Business News

July 18, 2024 19:13

Ceat's net profit for Q1 FY24 grew by 7% to Rs 154 crore, driven by strong performance in replacement and export segments. Revenue also increased to Rs 3,193 crore.

DVC to Be Corporatised, Divided into 3 Entities

July 17, 2024 17:07

Damodar Valley Corporation (DVC) will be corporatised and divided into three entities for transmission, generation, and distribution to improve efficiency. The plan includes exploring an IPO to...

DLF Expands Housing & Commercial Biz, Enters Mumbai & Goa

July 17, 2024 15:56

Real estate giant DLF is expanding its residential and commercial property portfolio, entering new markets like Mumbai and Goa. Chairman Rajiv Singh outlines the company's growth strategy and...

Tata Power Plans Rs 20,000 Crore Capex in FY25

July 16, 2024 20:43

Tata Power Chairman N Chandrasekaran announces Rs 20,000 crore capex for FY25, focusing on renewable energy, transmission & distribution. Company aims for 15 GW clean energy portfolio & 50 million...

Telco ARPU to Hit Decadal High of Rs 225 in FY26: Crisil

July 16, 2024 15:23

Tariff hikes by major telcos will push average revenue per user (ARPU) to Rs 225 in FY26, leading to improved profitability and lower capex, says Crisil.

India Budget 2023: Fiscal Deficit Target to be Lowered to 4.9-5% - ICRA

July 16, 2024 14:52

ICRA expects India's fiscal deficit to be lowered to 4.9-5% of GDP in the upcoming Budget, aided by revenue buoyancy. The government aims to achieve a fiscal deficit of 4% by FY26.

SIAM Seeks EV Support, Scrapping Incentives in Budget

July 12, 2024 16:17

SIAM urges government to offer incentives for electric vehicles (EVs) and vehicle scrapping in the upcoming Budget, aiming for a growth-oriented fiscal plan. The industry body also expects...

Hindustan Copper Expects To Exceed Capex Target

July 12, 2024 14:50

Hindustan Copper Ltd is likely to exceed its capex target of Rs 350 crore for the current fiscal year. The company is investing in mine expansion and expects double-digit growth in the copper sector.

BMS Demands Mobile Tariff Rollback, BSNL 4G/5G Launch

July 11, 2024 22:31

Bharatiya Mazdoor Sangh urges PM Modi to rollback mobile tariff hikes by Jio & Airtel and expedite BSNL's 4G/5G rollout, citing market imbalance and public interest.

Auto Component Industry Growth Forecast: ICRA

July 11, 2024 14:34

ICRA projects moderate growth for the Indian auto component industry in FY2025, despite challenges from the Red Sea crisis and higher container rates. Learn more about the industry's outlook and...

Morgan Stanley: Budget to Focus on 'Viksit Bharat' Roadmap

July 10, 2024 18:11

Morgan Stanley expects India's upcoming budget to prioritize 'Viksit Bharat' development goals, fiscal consolidation, and infrastructure spending. Read more.

India's High Public Debt Limits Welfare Spending: Report

July 8, 2024 15:30

A report by Goldman Sachs suggests India's high public debt restricts fiscal space for welfare spending, despite calls for stimulus. The report discusses the impact on the upcoming budget and...

Torrent Power Seeks Rs 5,000 Cr Fundraise via Equity

July 5, 2024 17:47

Torrent Power seeks shareholder approval to raise up to Rs 5,000 crore through equity shares for expansion and working capital needs. The company also plans to elevate Jinal Mehta as Vice Chairman...

SAIL to Invest Rs 6,500 Cr in Capex, Aims for Rs 1 Lakh Cr Expansion

July 5, 2024 15:55

SAIL announces a Rs 6,500 crore capex investment in FY25 as part of its Rs 1 lakh crore expansion plan. The company also seeks government intervention to address cheap steel dumping from China.

Congress Slams Govt Over Mobile Tariff Hike by Jio, Airtel, Vi

July 5, 2024 15:33

Congress accuses govt of 'fleecing' mobile users after Jio, Airtel, and Vi hiked tariffs by 15%. Surjewala questions lack of oversight and regulation.

JSW Energy Plans Rs 15k cr Capex in FY25

July 5, 2024 14:52

JSW Energy plans to invest Rs 15,000 crore in FY25, aiming to reach 20 GW generation and 40 GWh storage under 'Strategy 2.0'. The company is also actively seeking acquisitions in the power sector.

Cement Sector Growth Slows in Q1FY25: Icra

July 4, 2024 17:13

India's cement sector saw a muted growth of 2-3% in Q1FY25 due to a slowdown in construction activity, but is projected to grow 7-8% in FY25. Read more about Icra's analysis.

Anand Mahindra: Industry Needs to Boost Capital Investments

July 3, 2024 16:42

Mahindra Group Chairman Anand Mahindra urges Indian companies to increase capital investment to capitalize on growth opportunities in India and globally. He emphasizes the need for a shift in...

Telco Tariff Hikes: ARPU Rise, Profit Boost in FY25

July 1, 2024 18:34

Recent tariff hikes by top telcos are expected to increase ARPU by 15% and boost operating profits by over 20% in FY25, according to a report.

Telecom Tariff Hikes Signal Improved Profitability: ICRA

June 28, 2024 16:51

ICRA predicts telecom industry to see a significant boost in operating profits with the latest tariff hikes by telcos like Reliance Jio and Bharti Airtel. Expect higher ARPU, debt reduction, and...

CtrlS Datacenters Plans Rs 28,000 Crore Capex by 2029

June 27, 2024 19:05

CtrlS Datacenters, Asia's largest Rated-4 data centre company, plans to invest Rs 24,000-28,000 crore by 2029 to expand capacity by 600-700 MW of IT load across 15 data centres in eight cities,...

India's Budget to Accelerate Reforms & Make it 3rd Largest Economy

June 27, 2024 15:17

India's upcoming budget aims to accelerate reforms, boost economic growth, and propel the country to the world's third largest economy. President Droupadi Murmu outlines the government's vision for...

NTPC to Raise Rs 12,000 Cr via Bonds: Board Meeting on June 29

June 25, 2024 20:01

NTPC's board will meet on June 29 to consider raising Rs 12,000 crore through bond issuance. The company plans to use the funds for capital expenditure projects, including renewable energy...

Industry Budget Demands: Tax Cuts, Duty Rationalisation

June 25, 2024 15:13

Indian industry representatives have urged the Finance Minister for tax reduction, duty rationalisation, and extension of the Interest Equalisation Scheme in the upcoming budget.

Adani Group to Invest Rs 1.3 Lakh Cr in FY25

June 25, 2024 14:13

Adani Group plans to invest Rs 1.3 lakh crore across its portfolio companies in FY25, focusing on green energy, airports, and ports. This investment will be funded by internal cash generation and...

Accel Sees Growth in Non-Urban India: E-comm, Healthcare, Fintech Boom

June 25, 2024 11:46

Accel, a venture capital firm, forecasts the rise of billion-dollar companies in non-urban India, focusing on e-commerce, healthcare, fintech, and edtech. Discover the untapped potential of 'Bharat'.

Shree Cement Reaches 1 GW Power Capacity, Focuses on Green Energy

June 24, 2024 18:51

Shree Cement has achieved 1 GW of installed power capacity, including solar, wind, and thermal sources. The company plans to invest Rs 1,000 crore in FY25 to expand its renewable energy portfolio.

ACMA Budget Wishlist: Incentives for EV & Auto Component Sector

June 24, 2024 17:37

ACMA urges government to incentivize capex, rationalize GST rates on EVs and components, and increase depreciation rates in the upcoming Budget 2024-25.

Highway Construction Accelerated: India's Capex Focus - MoS Road

June 23, 2024 20:03

India's highway construction has surged from 14 km/day to 32 km/day, driven by the government's focus on infrastructure development under PM Modi. Learn about the impact on the economy and road...

Mitsui Invests in EKA Mobility for EV Expansion

June 20, 2024 20:36

Mitsui Co & Ltd has increased its investment in EKA Mobility to support the electric vehicle (EV) maker's expansion and innovation in the sector. The investment will be used for capital...

India Inc Urges Tax Cuts & Capex in Budget 2024

June 20, 2024 18:39

Indian businesses call on Finance Minister Nirmala Sitharaman to reduce tax burden, boost infrastructure, and control food inflation in the upcoming Union Budget.

CII pitches for marginal tax relief for individuals, higher wages under MNREGA in Budget

June 18, 2024 19:11

CII recommends marginal tax relief for individuals, increased MNREGA wages, and higher PM Kisan benefits in the upcoming budget to boost consumption and economic growth.

Pre-Budget Meeting with Industry Chambers on June 20

June 16, 2024 20:04

Finance Minister Nirmala Sitharaman to hold pre-budget consultations with industry chambers on June 20, ahead of the 2024-25 budget presentation in Parliament.

Income Tax Relief for Lowest Slab: CII's Budget Proposal

June 16, 2024 12:05

CII suggests income tax relief for the lowest slab in the upcoming Budget, citing high inflation. The industry body also calls for reforms in land, labor, power, and agriculture.

TCPL Aims for Full-Fledged FMCG, Doubles Capex to Rs 785 Cr

June 13, 2024 16:13

Tata Consumer Products (TCPL) plans to become a full-fledged FMCG company, entering new categories and doubling capex to Rs 785 crore in FY25, driven by a new plant in Vietnam. Chairman N...

Indian Ship Recycling Revenue to Rise 15% in FY24

June 13, 2024 14:32

Indian ship recycling industry is expected to see revenue growth of 15% in FY24, driven by increased availability of ageing vessels and higher competitiveness.

PLI Scheme to Attract Rs 3-4 Lakh Cr Investments: Icra

June 12, 2024 15:47

Icra predicts Rs 3-4 lakh crore investment in PLI scheme over next 4 years, with focus on semiconductors, solar modules and pharmaceuticals. Government's capex expected to remain steady.

Industry Expects Growth from Modi's Third Term: Anish Shah

June 11, 2024 17:00

Mahindra Group CEO Anish Shah expects continued growth-oriented policies from the Modi government, focusing on manufacturing, women-led development, farm prosperity, and sustainability.

Steel Demand to Grow 9-12% in FY25: Ind-Ra

June 11, 2024 16:16

India Ratings and Research forecasts a 9-12% growth in steel demand for FY25, driven by robust end-user industries like automobiles and infrastructure.

Domino's India To Double Store Count to 4,000 in 5-6 Years

June 10, 2024 19:35

Domino's Pizza aims to double its store count in India to 4,000 in the next 5-6 years, making it the second-largest market for the brand globally. The company cites a growing economy and middle...

Stock markets bounce back 3 pc after bloodbath on value-buying

June 5, 2024 16:06

Indian equity markets made a strong comeback on Wednesday, surging over 3% after facing heavy losses in the previous trade due to below-expectation poll results. Key indices Sensex and Nifty...

Markets bounce back sharply after massive drop on value-buying at lower levels

June 5, 2024 12:47

Indian equity markets rebounded on Wednesday after a sharp decline on Tuesday, with the Sensex jumping over 1,700 points and the Nifty rising more than 560 points.

Lok Sabha Election Results: Nomura on India's Economy

June 5, 2024 06:27

Nomura says India's economic fundamentals remain robust despite the Lok Sabha election results. The investment bank expects continued reforms and governance, with a focus on digitalization,...

India Steel Demand Growth Revised to 10% in FY25 | Icra

June 3, 2024 16:41

Icra raises its forecast for India's steel demand growth to 9-10% in FY25, driven by strong government spending and demand from steel-consuming sectors. Read more.

Tata Steel Credit Metrics to Improve in FY25: CreditSights

June 3, 2024 15:42

CreditSights expects Tata Steel's credit metrics to improve in FY25, driven by robust EBITDA growth and lower capex. The ratings firm anticipates strong domestic steel demand and lower coking coal...

India May Lower Fiscal Deficit Target for FY25: Sources

May 31, 2024 21:18

India's government may lower its fiscal deficit target below 5.1% of GDP for FY25 due to improved economic conditions and higher tax revenue. The decision will be announced in the full budget...

Adani Group Stocks Rally, Market Cap Nears Rs 18 Lakh Crore

May 31, 2024 20:21

Adani Group stocks surge after Jefferies recommends 'Buy' on four firms, including Adani Enterprises. The group's market cap nears Rs 18 lakh crore.

Govt Urges Corporates to Set Up Manufacturing Startup Incubators

May 31, 2024 18:32

The Indian government is encouraging major corporates and unicorns to establish incubation centres for manufacturing startups, aiming to boost innovation and job creation in the sector.

Vedanta Resources Posts Record EBITDA in FY24

May 31, 2024 16:43

Vedanta Resources, the parent company of India-listed mining group, reported its second highest ever consolidated EBITDA of USD 4.7 billion for FY24, a year its chairman Anil Agarwal called 'pivotal'.

Adani Group Profit Surges 55% in FY24, Eyes USD 90 Billion Investment

May 31, 2024 16:22

Adani Group reports a 55% profit jump in FY24, driven by expansion and consolidation. The conglomerate plans USD 90 billion investment over the next decade.

5G Adoption in India: Growth, Tariffs & Outlook - Ind-Ra

May 31, 2024 15:37

India's 5G subscriber base is expected to surge to 20-25% within a year, but tariff hikes remain uncertain despite telcos' improved position. Ind-Ra analyzes the 5G adoption, market share shifts,...

Adani Green Energy Rating Upgraded by Ind-Ra

May 30, 2024 14:51

India Ratings and Research (Ind-Ra) has upgraded Adani Green Energy's rating to 'IND AA-' with stable outlook, citing strong operational performance, execution scale-up, and healthy counterparty...

India's Rating Outlook Upgraded to Positive: Sitharaman

May 29, 2024 21:35

Finance Minister Nirmala Sitharaman hails S&P's positive rating outlook for India, citing solid growth and promising economic prospects. The upgrade reflects India's strong economic performance...

NCCD Revises Cold Chain Norms: Roadmap for India

May 29, 2024 15:44

The National Centre for Cold-Chain Development (NCCD) is revising technical standards for cold chain components, aiming to boost efficiency and sustainability in India's food logistics.

Fortis Healthcare to Invest Rs 1,300 cr in Hospital Expansion

May 28, 2024 18:28

Fortis Healthcare plans to invest Rs 1,300 crore to expand existing hospitals, adding 2,200 beds across various locations in India, including Faridabad, Anandpur Sahib, and Shalimar Bagh.

Nifty to Hit 24,500 by Dec 2024: Emkay

May 28, 2024 17:57

Emkay Investment Managers forecasts Nifty 50 to reach 24,500 by December 2024, driven by 15% earnings growth. Learn about their market outlook and investment strategies.

Alpex Solar Profit Soars to Rs 29 Cr in FY24

May 28, 2024 17:39

Alpex Solar's standalone net profit jumped to Rs 29.05 crore in FY24, driven by higher revenue. The company's shares were listed on NSE Emerge in February 2024.

Bank Credit Growth to Slow in FY25: Crisil

May 28, 2024 13:30

Crisil predicts a slowdown in bank credit growth to 14% in FY25, driven by lower GDP growth, RBI measures and a high base effect. Retail and MSME segments are expected to see a moderation in growth.

Senco Gold Targets 15-20% Revenue & Profit Growth in FY'25

May 27, 2024 19:51

Senco Gold aims for 15-20% revenue and profit growth in FY'25 despite rising gold prices. The company plans to open 15-20 new stores, with a focus on expansion in the west and south.

India Poised to Lead Next Decade: N Chandrasekaran

May 23, 2024 19:28

Tata Consumer Products chairman N Chandrasekaran highlights India's emerging strength and its potential to lead the next decade, amidst global uncertainty.

Fleet Operator Revenue Growth to Double in FY25: CRISIL

May 23, 2024 15:44

Fleet operator revenue growth is expected to double to 9-11% in FY25, driven by strong domestic demand, according to CRISIL Ratings. Learn more about the industry outlook.

GSFCL Q4 Profit Plunges 89%: Poor Sales Hit Fertilizer Giant

May 21, 2024 20:04

Gujarat State Fertilisers and Chemicals (GSFCL) saw a sharp decline in net profit for the fourth quarter of 2023-24, attributed to weak sales. The company faced challenges in both fertilizer and...

Private Capex to Revive in H2 FY25: Kotak Bank

May 21, 2024 15:59

Kotak Mahindra Bank's Chief Economist expects private sector investment to pick up in H2 FY25, with hotel and tourism sectors leading the revival. The government's robust capex has laid the...

Revamped BOT Model: Boosting Private Capex in India

May 21, 2024 15:23

India Ratings & Research (Ind-Ra) says the revamped BOT model is a strategic move to attract private capex, potentially exceeding Rs 1 trillion by 2030.

ONGC Profit Soars 19x in Q4, Records Highest FY24 Earnings

May 21, 2024 14:26

ONGC's net profit surged 19 times in Q4 FY24, driven by a one-time provision in the previous year. The company also reported record earnings for the full fiscal, with a consolidated net profit of...

Wheels India Plans Rs 200 Crore Capex for FY25

May 21, 2024 11:15

Wheels India, a leading steel wheels manufacturer, has announced a Rs 200 crore capital expenditure plan for FY25. The investment will focus on offload tractors, construction, and cast aluminium...

Airtel Africa EBITDA to Contract, Earnings to Slow: S&P Global

May 20, 2024 19:04

S&P Global forecasts a 20% decline in Bharti Airtel's Africa EBITDA, impacting overall earnings growth. However, Indian operations remain strong with rising ARPU and subscriber base.

Hero MotoCorp Expands Electric Scooter Range

May 20, 2024 17:25

Hero MotoCorp plans to expand its electric two-wheeler range with new models in the mid and mass segments, aiming to capture a wider customer base. The company expects significant growth in the EV...

Attero to Invest Rs 8,300 Crore in E-Waste, Battery Recycling

May 19, 2024 18:28

Attero, an e-waste and battery recycling company, plans to invest Rs 8,300 crore in the next five years to boost its recycling capacity, aiming for a USD 2 billion revenue by 2027.

B&A Ltd Launches 'Gatoonga' Tea Brand in Retail Segment

May 19, 2024 13:10

B&A Ltd, a tea major, has entered the retail market with its 'Gatoonga' brand of black tea, marking its first foray into this segment after over a century. The company plans to expand across...

Vodafone Idea Plans 5G Rollout in 6 Months, Rs 55,000 Cr Investment

May 17, 2024 21:16

Vodafone Idea to launch 5G in 6 months, investing Rs 55,000 crore over 3 years. Focus on expanding 4G coverage to retain subscribers.

SPIC Ltd Reports Q4 Net Loss Due to Heavy Rainfall

May 17, 2024 15:19

SPIC Ltd reported a net loss of Rs 29.18 crore in Q4 FY24 due to heavy rainfall at its Tuticorin facility, impacting operations. The company's profit after tax for the year also declined.

Vodafone Idea Q4 Loss Widens to Rs 7,675 Cr

May 16, 2024 21:34

Vodafone Idea's Q4 loss widened to Rs 7,675 crore due to rising interest and financing costs, while its subscriber base shrunk. The company's revenue remained almost flat, but ARPU improved.

Infrastructure Turnaround: Modi's Role & India's Growth

May 15, 2024 17:28

Finance Minister Nirmala Sitharaman credits PM Modi's active role and personal monitoring for India's infrastructure turnaround, highlighting the government's focus on capital expenditure and...

Bharti Airtel MD Calls for Tariff Repair in Telecom Industry

May 15, 2024 16:53

Bharti Airtel MD Gopal Vittal advocates for tariff increases in India's telecom industry, citing low pricing compared to global markets. He highlights the need for 'tariff repair' to improve return...

Siemens Qtr Profit Up 74% at Rs 896 Cr - Demerger & Expansion

May 14, 2024 17:48

Siemens India reports 74% rise in March quarter profit, driven by higher revenues. The company also announces demerger of its energy business and expansion of two factories.

Adani Group Stocks Rally: Adani Enterprises, Power, Total Up Over 5% | News

May 14, 2024 17:44

Adani group stocks surged on Tuesday, with Adani Enterprises, Adani Total Gas and Adani Power leading the rally, each climbing over 5%. Learn more about the Adani group's stock performance and...

PVR INOX Reports Rs 129.7 Cr Loss in Q4 | Business News

May 14, 2024 17:40

PVR INOX reported a net loss of Rs 129.7 crore in the March quarter, attributing it to weak box office collections and the ongoing general elections. The company outlined four key strategic...

UPL to Raise USD 500 Million via Rights Issue

May 13, 2024 20:32

UPL Ltd will file a DRHP shortly for raising up to USD 500 million via a Rights Issue. The company has already secured board approval and plans to launch the issue by early Q3 FY24.

Jindal Steel Q4 Profit Doubles to Rs 933 Cr

May 13, 2024 18:44

Jindal Steel and Power (JSP) reported a significant increase in its Q4 PAT, reaching Rs 933 crore, driven by reduced expenses and increased steel production.

UPL Profit Plunges 95% in Q4, Revenue Drops 15%

May 13, 2024 17:45

UPL Ltd reported a 95% decline in net profit to Rs 40 crore in Q4 FY24, with revenue falling 15% to Rs 14,078 crore. The company attributed the drop to lower prices in the post-patent market.

Varun Beverages Q1 Profit Up 25% to Rs 547.98 cr

May 13, 2024 13:29

Varun Beverages, a PepsiCo franchise partner, reported a 25% rise in Q1 PAT to Rs 547.98 crore. Revenue also grew, driven by strong operational performance and international contributions.

PSUs Spend Rs 50,200 Cr in Capex in April

May 12, 2024 12:33

Large PSUs spent Rs 50,200 crore on capex in April FY25, driven by railways, roads, and oil & gas sectors. Read about the breakdown of spending by sector and the overall impact on India's...

Company Name
Price
Volume

Srestha Finvest
0.81 ( 0.00)
38202978

Vodafone Idea L
9.26 (+ 1.54)
27539950

Rajnish Wellness
3.31 (+ 9.97)
24588356

Filatex Fashions
1.01 (+ 4.12)
23344273

Standard Capital
1.41 ( -6.00)
16639728

Waaree Energies IPO: Rs 4,321-cr Issue Opens...

Waaree Energies'' IPO to open on October 21, 2023 with a price band...

South Indian Bank Q2 Profit Up 18% to Rs 325 Cr...

South Indian Bank reported an 18% increase in Q2 profit to Rs 325 crore, driven by...

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