Search result for 'fy24'

Himadri Speciality Chemical Profit Jumps 31% to Rs 141.94 Crore

January 13, 2025 20:12

Himadri Speciality Chemical reported a 31.55% increase in net profit to Rs 141.94 crore in Q3FY'25, driven by strong performance across its product portfolio and export growth. The company plans to...

JSW Cement IPO: Sebi Approves Rs 4,000 Cr Share Sale

January 13, 2025 18:56

JSW Cement receives Sebi's approval for a Rs 4,000 crore IPO, comprising a fresh issue and OFS by investors. The funds will be used for expansion and debt repayment.

Fintech Personal Loans Drop 10% in Q2: FACE

January 13, 2025 18:55

Fintechs' personal loan portfolio decreased by 10% in Q2, while NPAs rose, according to FACE. Read about the latest trends in the fintech lending market.

HCLTech Q3 Profit Rises 5.5% to Rs 4,591 Cr, Revenue Up 5%

January 13, 2025 17:59

HCLTech reports 5.54% growth in Q3 profit to Rs 4,591 crore, with revenue up 5.07% to Rs 29,890 crore. Sequentially, profit and revenue rose 8.4% and 3.56%, respectively.

Govt Capex Growth to Slow in FY26: Goldman Sachs

January 13, 2025 17:47

Goldman Sachs predicts a slowdown in government capex growth in FY26, with a 13% increase compared to 17% in FY24. The brokerage expects fiscal consolidation to continue, narrowing the deficit to...

Agri Growth Optimistic in FY25: PM Secy

January 13, 2025 16:02

India's agriculture sector is expected to see stronger growth in FY25, driven by a good monsoon. Principal Secretary to the Prime Minister, P K Mishra, expresses optimism about the sector's prospects.

D-Mart Q3 Net Profit Rises 4.8% to Rs 723.5 Crore

January 11, 2025 20:49

Avenue Supermarts, owner of D-Mart, reported a 4.8% increase in net profit to Rs 723.54 crore in Q3 FY25. Revenue rose 17.68% to Rs 15,972.55 crore. Read more.

Waaree Energies Acquires Enel Green Power India for Rs 792 Crore

January 10, 2025 22:01

Waaree Energies has acquired Enel Green Power India for Rs 792 crore, marking a significant step in its renewable energy expansion. The acquisition includes solar and wind projects totaling 640...

Practo Revenue Rises 22% in FY24, GMV Crosses Rs 3,500 Crore

January 10, 2025 16:22

Health-tech platform Practo reported a 22% revenue increase in FY24, reaching Rs 240 crore, with a GMV of Rs 3,500 crore. The company also achieved its first full profitable quarter.

Capital Market Fundraising to Surge 21% in FY25: Sebi Chief

January 10, 2025 12:14

Sebi Chair Madhabi Puri Buch forecasts a 21% increase in capital market fundraising to Rs 14.27 lakh crore in FY25, driven by equity and debt instruments. The regulator also aims to expedite...

IREDA Net Profit Jumps 27% to Rs 425 cr in Q3

January 10, 2025 09:41

IREDA's net profit soared 27% to Rs 425.37 crore in Q3 FY25, driven by higher revenues. Revenue from operations also witnessed a significant increase.

Senco Gold & Diamonds Eyes Rs 6,000 Crore Sales in FY'25

January 9, 2025 19:19

Senco Gold & Diamonds expects a 19-20% sales growth in FY'25, driven by strong performance and expansion plans. The company achieved record sales in Q3, with a 22% YoY revenue growth.

Tata Motors Global Wholesales Up 1% in Q3 FY25

January 9, 2025 14:13

Tata Motors reports a 1% increase in global wholesales for Q3 FY25, reaching 3,41,791 units. This includes growth in passenger vehicles, Jaguar Land Rover, and commercial vehicles.

TV Today Network to Shut Down 104.8 FM Radio Business

January 9, 2025 11:55

TV Today Network announced the closure of its radio business, Ishq 104.8 FM, citing market dynamics. The decision was made after the radio business registered a significant loss in FY24.

Tax Battery Technologies Uniformly at 5% GST: IESA

January 8, 2025 20:14

India Energy Storage Alliance (IESA) urges uniform 5% GST on all battery technologies, including lithium-ion, to support the sector's growth, echoing calls for 'Make in India' initiatives and...

Bisleri FY24 Profit Surges 82.8% to Rs 317 Crore

January 8, 2025 19:57

Bisleri International, a leading packaged drinking water company, reported a strong financial performance in FY24, with profit rising 82.8% to Rs 316.95 crore and revenue increasing 14.8%.

India's GDP Growth Slowdown: Congress Calls for Radical Action

January 8, 2025 13:44

Congress criticizes downward GDP revision, calling for radical action to address slowdown and investment chill. Demands income support, higher MGNREGA wages, and simplified GST.

A B Cotspin Secures Rs 15 Cr Cotton Yarn Order

January 8, 2025 13:35

A B Cotspin India has secured a Rs 14.8 crore order for 500 tonne cotton yarn. The company is focused on sustainability and recycling efforts, targeting sales of Rs 275-290 crore in FY 2024-25.

India Hotel RevPAR to Hit 10-Year High in FY25: ICRA

January 7, 2025 16:56

India's premium hotel RevPAR is projected to reach a ten-year high of Rs 5,500-5,800 in FY25, driven by strong domestic leisure travel and MICE demand. ICRA expects further growth in FY26.

Bank Profits to Moderate in FY26 as Bad Assets Rise: Ind-Ra

January 7, 2025 16:45

Indian bank profitability is expected to moderate in FY26 due to rising bad assets, according to India Ratings and Research. Unsecured retail loans are a key concern, but overall impact is...

Smartphone Duty Cut: Job Loss, Ecosystem Harm - GTRI

January 7, 2025 11:58

GTRI warns that reducing import duty on smartphone parts could hurt India's local manufacturing ecosystem, discourage investment, and lead to job losses. The think tank recommends alternative...

ShareChat Parent Mohalla Tech Loss Narrows in FY24

January 6, 2025 22:12

ShareChat parent firm Mohalla Tech's consolidated loss narrowed to Rs 1,897.63 crore in FY2024, with total income increasing by 4%.

Securitisation Volumes Surge 80% in Q3: Icra

January 6, 2025 19:21

Securitisation volumes in India jumped 80% in Q3 FY25, driven by private sector banks. Icra expects FY25 volumes to reach Rs 2.4 lakh crore, up from earlier estimates.

P S Raj Steels IPO Approved by NSE Emerge

January 6, 2025 17:17

P S Raj Steels, a stainless-steel pipes and tubes manufacturer, has received in-principle approval from NSE's Emerge platform to raise funds through an IPO. The company plans to list on NSE Emerge,...

Ajooni Biotech to Raise Rs 45 Cr via Warrants

January 6, 2025 13:57

Ajooni Biotech, a pure vegetarian animal healthcare solutions company, will raise Rs 45 crore through the issuance of 5 crore convertible warrants at Rs 9 each to promoters and non-promoters.

IEX Hits Record Electricity Trade Volume in December 2024

January 6, 2025 11:04

Indian Energy Exchange (IEX) achieved a record monthly electricity traded volume of 11,132 MU in December 2024, marking a 29% increase year-on-year. The Day-Ahead Market (DAM) volume also saw...

Agri Minister Reviews Schemes Ahead of Budget

January 4, 2025 16:38

India's agriculture minister reviewed schemes with state counterparts, aiming for 3.5-4% growth in FY25. Discussions included budget allocation and strategies to boost the farm sector.

Rural Poverty Drops to 4.86% in FY24: SBI Research

January 3, 2025 19:09

SBI research reveals a significant decline in rural poverty to 4.86% in FY24, driven by government support programs. Urban poverty is estimated at 4.09%.

Zepto Shifts to Marketplace Model, Sets Up New Entity

January 3, 2025 17:57

Quick commerce platform Zepto is transitioning to a marketplace model with the establishment of a new entity, Zepto Marketplace. This move aims to enhance quality control and service ahead of a...

REC Loan Disbursements Surge 18% in Q3 to Rs 54,692 cr

January 3, 2025 17:40

REC Ltd's overall loan disbursements rose by 18% to Rs 54,692 crore in Q3 FY25, driven by strong growth in renewable energy loans. The company disbursed Rs 6,314 crore for renewable energy...

Vipul Shah's Sunshine Pictures Files IPO to Raise Funds

January 3, 2025 10:19

Sunshine Pictures Ltd., backed by film producer Vipul Shah, has filed draft papers with Sebi for an IPO to raise funds. The IPO will comprise a fresh issue of 50 lakh shares and an OFS of 33.75...

V2 Retail Q3 Revenue Surges 58.1% to Rs 591 cr - PTI

January 2, 2025 20:41

V2 Retail reported a 58.1% increase in revenue for the December quarter, reaching Rs 591.03 crore. The value retailer also added 21 new stores, bringing the total to 160.

Regaal Resources Files DRHP for IPO, Aims to Raise Rs 190 Crore

January 2, 2025 18:36

Kolkata-based agro company Regaal Resources has filed its DRHP with SEBI for an IPO, aiming to raise Rs 190 crore. The IPO includes a fresh issue and an offer-for-sale.

India Oil & Gas Demand Strong in FY26: India Ratings

January 2, 2025 18:09

India's oil and gas demand is projected to remain robust in FY26, despite weak global demand, according to India Ratings. The agency expects healthy demand for petroleum products to support...

Black Box Growth Strategy: Data Centers & GTM Revamp | Ventura Securities

January 2, 2025 18:06

Black Box, an Essar Group company, is poised for growth with a revamped go-to-market strategy and focus on data centers. Ventura Securities expects revenues to reach Rs 7,996 crore by FY27.

JK Lakshmi Cement Merger Approved by NSE, BSE

January 2, 2025 17:05

JK Lakshmi Cement receives approval from NSE and BSE for the merger of three subsidiaries, including Udaipur Cement Works. The amalgamation aims to simplify the group structure and enhance...

Agriculture Sector Growth Forecast: 3.5-4% in FY25

January 1, 2025 15:19

India's agriculture sector is projected to grow 3.5-4% in FY25, a significant increase from FY24. Agriculture Minister Shivraj Singh Chouhan highlights rural development initiatives contributing to...

Quick Commerce to Rival Amazon, Flipkart by 2025: Zepto CEO

January 1, 2025 14:46

Zepto CEO predicts quick commerce will reach Amazon/Flipkart scale by 2025, citing rapid growth and customer value proposition evolution. Read about the industry's 2025 outlook.

Jindal Stainless Grants Stock Options to Employees - PTI

December 31, 2024 19:50

Jindal Stainless Ltd has granted 12.42 lakh stock options to its employees, including both ESOPs and RSUs, aimed at rewarding performance and attracting top talent. The options will vest over four...

Mswipe Technologies Turns Cash Profitable | Payments Growth

December 30, 2024 20:12

Mswipe Technologies has achieved over 100% YoY growth in TPV and turned cash profitable in FY24, driven by the adoption of its Boombox QR soundbox terminal. The company's revenue reached Rs 275.4...

IKEA India Widens Loss to Rs 1,299 cr in FY24, Revenue Up 4.5 pc

December 30, 2024 19:10

IKEA India reported a widening loss of Rs 1,299.4 crore in FY24, despite a 4.5% revenue increase to Rs 1,809.8 crore. The company attributed the loss to investments in omnichannel growth.

Vinsys Expands to Saudi Arabia: 6th Middle East Office

December 30, 2024 18:17

Vinsys IT Services opens its second office in Saudi Arabia, expanding its presence in the Middle East to six offices. The company is also establishing a new office in Oman.

Health Insurers Disallowed Rs 15,100 Cr Claims in FY24

December 30, 2024 15:49

Health insurers in India rejected claims worth Rs 15,100 crore during FY24, representing 12.9% of total claims filed, as per Irdai data. Learn more about the reasons behind claim rejection and the...

Adani Enterprises Revenue to Surge by FY27: Brokerage

December 29, 2024 13:18

Adani Enterprises' revenue is projected to reach Rs 1.5 lakh crore by FY27, driven by growth in airports, solar/wind, and copper. The company's net earnings are expected to rise by 46%.

Steel Sector Eyes Policy Support Amid Imports & Green Steel Push - 2025

December 28, 2024 15:10

India's steel sector faces challenges from rising imports, volatile raw material prices, and the need to transition to green steel. The industry is seeking policy support to safeguard its interests...

Zepto Delivers 2 Crore Snacks: Late-Night Cravings Fuel Growth

December 27, 2024 19:36

Zepto delivered 2 crore snack packets between midnight and 4 AM in 2024, highlighting late-night cravings and unique local preferences. The company also raised USD 350 million and grew revenue...

Indian Paint Industry Faces Margin Squeeze: Report

December 27, 2024 18:53

Indian paint sector faces margin pressure due to intensifying competition and price cuts. Report highlights revenue moderation and increased ad spending impacting profitability.

Neilsoft Files IPO Papers with Sebi to Raise Funds

December 27, 2024 15:36

Neilsoft, a technology-driven engineering services company, has filed draft papers with Sebi to raise funds through an IPO. The IPO comprises a fresh issue and an offer for sale by promoters.

Coal Exchange On Anvil: India Aims To Boost Output

December 27, 2024 11:00

India plans to launch a coal exchange, increase production, and promote coal gasification to meet growing demand. Coal output is expected to grow, with captive mines playing a key role. The...

UltraTech Acquires 8.69% Stake in Star Cement for Rs 851 Crore

December 27, 2024 10:09

UltraTech Cement has acquired an 8.69% stake in Star Cement, a Meghalaya-based cement producer, for up to Rs 851 crore. The deal strengthens UltraTech's presence in the north-eastern India market.

Metropolitan Stock Exchange Raises Rs 238 Cr, Secures Investor Backing

December 26, 2024 10:59

Metropolitan Stock Exchange of India (MSE) secures Rs 238 crore from investors including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments. The investment aims to...

MSE Raises Rs 238 Cr: Billionbrains, Groww, Zerodha Invest

December 26, 2024 10:59

Metropolitan Stock Exchange (MSE) secures Rs 238 crore funding from prominent investors including Billionbrains, Groww, and Zerodha. This investment aims to revive MSE's operations in a competitive...

Hisense to Invest in Epack Durable: Minority Stake Acquisition

December 25, 2024 14:25

Hisense, a Chinese electronics giant, is in talks with Epack Durable, India's second-largest ODM for room air-conditioners, to acquire a minority stake. The deal is still in the preliminary stages.

Cement Industry Eyes Growth in 2025

December 25, 2024 13:50

India's cement industry expects growth in 2025 driven by government spending on infrastructure and housing projects, despite consolidation and acquisitions in 2024.

India's GDP Growth Forecast: 6.5% in FY25, FY26 - EY Report

December 25, 2024 13:35

An EY report predicts India's GDP to grow at 6.5% in FY25 and FY26. The report highlights the importance of fiscal reforms for sustainable growth and achieving the 'Viksit Bharat' vision.

IndiQube Spaces Files for Rs 850 Crore IPO

December 25, 2024 10:13

IndiQube Spaces, a workplace solutions company, has filed draft papers with Sebi for an initial public offering (IPO) to raise Rs 850 crore. The IPO will include a fresh issue of equity shares...

Parle Biscuits FY24 Profit Soars to Rs 1,607 Cr

December 23, 2024 19:30

Parle Biscuits reported a twofold jump in profit to Rs 1,607 crore for FY24, with revenue from operations up 2% to Rs 14,349 crore. The company's total revenue was up 5.31% at Rs 15,085 crore.

Non-Life Insurance Claims Ratio Dips in FY24: Irdai

December 23, 2024 17:01

India's non-life insurance claims ratio decreased to 82.52% in FY24, according to the Irdai report. The report also highlights industry growth and profit trends.

FMCG Industry Expects Consumption Revival in 2025

December 23, 2024 14:46

The FMCG industry anticipates a revival in consumption growth in 2025, with 'green shoots' emerging after a challenging year marked by rising input costs and food inflation. Experts predict a...

FMCG Industry Expects Consumption Revival in 2025

December 23, 2024 14:37

The FMCG industry is optimistic about consumption growth revival in 2025, driven by easing food inflation and a boost in rural and urban demand. Key factors include premiumisation, quick commerce...

West Bengal's Fiscal Imbalance: Revenue Outpaces Capital Spending

December 23, 2024 13:02

West Bengal's revenue expenditure surged in H1 FY25, while capital spending lagged, raising concerns about fiscal challenges and infrastructure development. CareEdge report highlights the imbalance.

FMCG Industry Expects Consumption Revival in 2025

December 23, 2024 11:35

The FMCG industry anticipates a rebound in consumption in 2025, driven by easing food inflation, government spending, and growing rural demand.

Solar91 Cleantech IPO Opens Dec 24: Price Band Rs 185-195

December 22, 2024 16:57

Solar91 Cleantech, an EPC solutions provider, is set to launch its IPO on December 24, with a price band of Rs 185-195 per share. The IPO will raise Rs 106 crore and will be listed on BSE's SME...

Govt Infuses Rs 500 Cr in IFCI for Restructuring

December 22, 2024 16:55

Indian government infuses Rs 500 crore in IFCI to improve its financial health ahead of restructuring and consolidation into a group. This will increase the government's stake in IFCI to over 71%.

Starbucks Committed to India Market: Tata Starbucks

December 20, 2024 21:04

Tata Starbucks refutes rumors of Starbucks exiting India, reiterating its commitment to the market. Starbucks continues to be a key growth area for the company globally.

Shree Cement to Invest Rs 800 Cr in Bihar Cement Plant

December 20, 2024 13:01

Shree Cement, a top cement producer, will invest Rs 800 crore in Bihar to set up a new cement plant with an annual capacity of 2 million tonnes. This investment will be made through an MoU signed...

Carraro India IPO: Rs 375 cr from Anchor Investors

December 19, 2024 21:20

Carraro India, a manufacturer of transmission systems for off-highway vehicles, has raised Rs 375 crore from anchor investors ahead of its IPO opening on December 20. The IPO is an offer for sale...

Senores Pharma IPO: Rs 261 Cr from Anchor Investors

December 19, 2024 21:11

Senores Pharmaceuticals raises Rs 261 crore from anchor investors ahead of its IPO. The IPO opens on December 20 and closes on December 24. Read more.

Tata Denies Starbucks Exit from India: Baseless Reports

December 19, 2024 19:51

Tata Consumer Products has denied reports suggesting Starbucks' exit from India, calling them baseless. The company emphasizes its commitment to scaling up the Starbucks cafe chain in India.

Nifty 2025 Target: HDFC Securities Predicts 10% Jump, Moderated Returns

December 19, 2024 19:04

HDFC Securities expects Nifty to reach 26,482 points by 2025, but advises investors to moderate their return expectations. The brokerage recommends focusing on large-cap stocks and expects earnings...

Excitel Broadband Narrows Losses, Revenue Up 24% in FY24

December 19, 2024 14:11

Excitel Broadband has narrowed its losses to Rs 120 crore in FY24, with revenue rising over 24%. The company has partnered with GX Group to deploy Wifi 6-enabled broadband modems.

Euro Pratik IPO: Rs 700-1,000 Cr, Filing by Dec-end

December 19, 2024 12:45

Euro Pratik, a decorative wall panel company, is set to file for an IPO worth Rs 700-1,000 crore by December-end. The IPO is expected to value the company at Rs 5,000-6,000 crore.

Parliament Panel Criticizes IT Ministry for Semiconductor Fund Underutilisation

December 18, 2024 22:28

A parliamentary panel has criticized the Ministry of Electronics and IT for surrendering over half of the funds allocated for semiconductor projects in 2023-24. The panel highlighted the...

DAM Capital IPO: Rs 251 cr Raised from Anchor Investors

December 18, 2024 21:48

DAM Capital Advisors has raised Rs 251 crore from anchor investors ahead of its IPO. The IPO, which opens on December 19, is an offer-for-sale of 2.97 crore shares.

Hindustan Zinc Aims for 70% Renewable Energy by 2027

December 18, 2024 21:42

Hindustan Zinc plans to increase its renewable energy contribution to over 70% of its total power needs by 2027, aiming for net zero emissions by 2050. The company is expanding its renewable power...

India Economy to Grow 6.6% in FY26: Ind-Ra

December 18, 2024 16:17

Ind-Ra projects India's economy to grow at 6.6% in FY26, driven by investments. The agency expects inflation to ease to 4.4% in FY26.

Unacademy Parent Narrows Losses in FY24

December 17, 2024 21:10

Unacademy's parent company, Sorting Hat Technologies, has reduced its losses to Rs 284.3 crore in FY24, down from Rs 1,591.2 crore in FY23. The company also faced a tax demand notice but is...

Gold Jewellery Consumption to Grow 14-18% in FY25: Report

December 17, 2024 17:07

Gold jewellery consumption in India is projected to grow 14-18% in FY25, driven by favorable realisations and festive demand. Icra expects organised jewellery to see a healthy YoY expansion.

India Income Tax Returns: Only 6.68% Filed in FY24

December 17, 2024 16:05

Only 6.68% of India's population filed income tax returns in 2023-24 fiscal, Parliament was informed. This represents an increase in filing ITRs, with over 8.09 crore returns filed.

Carraro India IPO Opens Dec 20: Price Band Rs 668-774

December 17, 2024 15:47

Carraro India's IPO opens on Dec 20 with a price band of Rs 668-774 per share. The Rs 1,250 crore IPO is an offer for sale (OFS) by Carraro International S E.

Aaradhya Disposal IPO: Rs 20 Crore Funds for Expansion

December 17, 2024 10:45

Aaradhya Disposal Industries files draft papers for an IPO on NSE Emerge, seeking Rs 20 crore to fund expansion and working capital. The company manufactures eco-friendly paper products and has a...

P2P Lending NPAs Surge to Rs 1,163 cr in FY24

December 16, 2024 21:09

Bad loans of peer-to-peer lenders in India more than doubled to Rs 1,163 crore in FY24, highlighting stress in the sector amidst stricter regulations.

LIC Unclaimed Maturity Amounts Reach Rs 881 Cr in FY24

December 16, 2024 17:53

LIC reported unclaimed maturity amounts of Rs 880.93 crore in FY24, with 3,72,282 policyholders not claiming benefits. The company has undertaken several measures to reduce unclaimed amounts.

GNG Electronics IPO: Rs 825 cr Raise, Sebi Filing

December 15, 2024 14:36

GNG Electronics, a leading refurbisher of laptops and desktops, files draft papers with Sebi for an IPO aiming to raise Rs 825 crore. The IPO includes a fresh issue and an offer for sale (OFS).

Tata Steel Secures Iron Ore Supply for Future Growth

December 15, 2024 11:12

Tata Steel is securing iron ore supply for its growing steel production by engaging with NMDC and OMC, as well as opening new mines.

Eleganz Interiors Files IPO on NSE Emerge

December 14, 2024 16:07

Eleganz Interiors, a leading interior fit-out solutions provider, has filed IPO papers with NSE Emerge to raise funds. The IPO will be listed on the SME platform of NSE Emerge. The company plans to...

Zepto Cuts Losses, Revenue Doubles in FY24

December 13, 2024 22:36

Quick commerce firm Zepto narrowed its losses to Rs 1,248.6 crore in FY24, while revenue doubled to Rs 4,454 crore. The company is on track for profitability and plans to expand to 50 cities.

LIC MF Eyes IPO After ₹1 Lakh Crore AUM

December 13, 2024 19:54

LIC Mutual Fund targets ₹1 lakh crore AUM by FY'26, after which it may consider an IPO. The fund house is aggressively expanding its reach and retail participation to achieve this goal.

Levi Strauss India Profit Down 13.4% in FY24

December 13, 2024 18:52

Levi Strauss (India) reported a 13.4% decline in profit to Rs 159.4 crore in FY24 despite a 3.3% rise in sales. The company's total revenue was up 3.4% to Rs 1,843.7 crore.

Meesho Sees 35% Order Growth, 175 Million Users in 2024

December 13, 2024 14:03

Meesho reports a 35% increase in orders and 25% growth in users to 175 million in 2024, driven by strong consumer sentiment and expanding e-commerce in tier 2 and smaller towns.

BlueStone Jewellery IPO: Files Draft Papers, Aims for Rs 1,000 Crore

December 12, 2024 18:24

BlueStone Jewellery and Lifestyle has filed IPO papers with Sebi seeking to raise Rs 1,000 crore. The offering includes a fresh issue and an offer for sale by existing shareholders.

Identical Brains Studios IPO: Rs 20 Cr Raise on Dec 18

December 12, 2024 16:48

VFX firm Identical Brains Studios to raise Rs 20 crore through an IPO on December 18. The IPO will open on December 18 and conclude on December 20.

Auto Component Industry Grows 11% to Rs 3.32 Lakh Cr in H1 FY24-25: ACMA

December 12, 2024 16:28

India's auto component industry witnessed an 11% growth in the first half of FY24-25, reaching Rs 3.32 lakh crore, driven by strong domestic sales and steady exports. Read more.

Indian Airports Capex to Grow 12% to Rs 60,000 Cr by FY27: CRISIL

December 12, 2024 15:45

Indian airports' cumulative capex is projected to reach Rs 60,000 crore by FY27, driven by rising passenger traffic and infrastructure development. CRISIL expects revenue to grow 17% during this...

Bihar Govt Disburses Financial Aid for Entrepreneurs

December 11, 2024 20:59

Bihar government to distribute second installment of financial aid to entrepreneurs under Mukhyamantri Udyami Yojana and Bihar Laghu Udyami Yojana. The event will be held on December 12, 2023.

Jain Group Eyes Hospitality Growth: Rs 500 Cr Capex, Acquisitions Planned

December 11, 2024 18:33

Jain Group, with a 50% revenue share from hospitality, plans Rs 500 crore investment by 2030, including acquisitions. The group launched Sarovar Portico Kolkata and has more hotels lined up.

MobiKwik IPO Fully Subscribed: Fintech Company Raises Rs 572 Crore

December 11, 2024 12:07

One MobiKwik Systems'' IPO fully subscribed within an hour, raising Rs 572 crore. The issue received 1.82 times subscription, with strong retail interest.

CarDekho SEA Raises $60 Million for Used Car Financing Growth

December 11, 2024 11:31

CarDekho's South Asia unit raises USD 60 million from Navis Capital and Dragon Fund to expand used car financing operations in Indonesia and the Philippines.

Microsoft India Profit Jumps 38% to Rs 898 Crore in FY24

December 10, 2024 22:10

Microsoft Corporation (India) Private Limited reported a 38% increase in standalone profit to Rs 898 crore in FY24, driven by strong revenue growth. The company's revenue reached Rs 22,892 crore,...

MobiKwik IPO: Rs 257 Cr Raised from Anchor Investors

December 10, 2024 21:59

MobiKwik, a fintech firm, has raised Rs 257 crore from anchor investors ahead of its IPO. The company plans to use the funds for growth in its financial services business, payment services, and...

Innov8 Reports Rs 62 Crore Net Profit in FY24

December 10, 2024 17:08

Innov8, the co-working firm owned by OYO group, reported a net profit of Rs 62 crore in FY24, attributing the growth to its asset-light expansion model.

Stainless Steel Industry Policy: ISSDA Urges Government Action

December 10, 2024 15:41

ISSDA, the apex body for the stainless steel industry in India, is calling for a separate policy for the sector. The organization has submitted a proposal to the Ministry of Steel, which has shown...

Copper Demand Soars 13% to 1,700 KT in FY24: India

December 9, 2024 15:41

India's copper demand surged by 13% in FY24, reaching 1,700 kilo tonnes, driven by infrastructure development and building construction. Learn more about the factors driving this growth.

LG to Set Up New Plant in Andhra, IPO Plans & Competition Concerns

December 9, 2024 13:44

LG Electronics India plans to set up a new manufacturing unit in Andhra Pradesh to boost its capacity, but faces competition from its parent entity. The company also plans an IPO, aiming to raise...

Air India Express Merger Aims for Long-Term Profitability

December 8, 2024 18:28

Air India Express merges with AIX Connect to create a unified budget airline, aiming for sustainable profitability through network expansion and cost optimization. The merger is expected to drive...

Yum! Restaurants India Reports Rs 162 cr Profit in FY24

December 8, 2024 10:42

Yum! Restaurants (India) reported a profit of Rs 162.04 crore in FY24, with revenue up 6.6% to Rs 689.93 crore. The company's total income rose 13.4% to Rs 832.05 crore, boosted by gains from...

GCPL Sees Flattish Volume Growth in India Due to Soap, Insecticide Sales

December 7, 2024 16:03

Godrej Consumer Products (GCPL) expects flattish volume growth in India for the December quarter due to increased soap prices and unseasonal rainfall impacting insecticide sales. However, the...

Mobikwik IPO: Price Band, Dates & Details

December 6, 2024 22:19

Mobikwik IPO opens on Dec 11 at Rs 265-279 per share. Learn about the IPO size, key investors, and the company's plans for the proceeds.

Vishal Mega Mart IPO: Price Band, Dates & Details

December 6, 2024 20:11

Vishal Mega Mart's IPO opens next week with a price band of Rs 74-78 per share. The offering, entirely an OFS, aims to raise Rs 8,000 crore. Learn more about the IPO details.

Semiconductor Chip Imports Surge in FY24: India Aims for Self-Reliance

December 6, 2024 18:03

India's semiconductor chip imports rose 18.5% to Rs 1.71 lakh crore in FY24, Parliament informed. The government is promoting domestic production under the Semicon India program.

India's GDP Slowdown in Q2: FM Assures Recovery in Q3

December 6, 2024 17:39

Finance Minister Nirmala Sitharaman says India's GDP slowdown in Q2 was not systemic, attributing it to low public expenditure. She expects Q3 growth to compensate and India to remain the...

Tata Power Targets 32GW Capacity by 2030, Rs 1.46 Lakh Cr Investment

December 6, 2024 16:02

Tata Power plans to invest Rs 1.46 lakh crore to double its capacity to 32 GW by 2030, focusing on renewables. The company aims for a revenue of Rs 1 lakh crore and a PAT of Rs 10,000 crore by 2030.

Sebi Bans Mishtann Foods, MD from Markets for Fraud

December 5, 2024 21:15

Sebi has banned Mishtann Foods and its MD, Hiteshkumar Patel, from securities markets for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses. The regulator...

NBFC-MFIs Asset Growth to Moderate in FY25: Icra

December 5, 2024 19:41

NBFC-MFIs asset growth is expected to moderate to 5% in FY25 due to stricter lending norms, according to Icra. The report highlights challenges from borrower over-leveraging, socio-political...

Food Processing FDI Reaches USD 368.37 mn in FY25 | India News

December 5, 2024 18:34

India's food processing sector attracted USD 368.37 million in FDI during April-September FY25, with Ireland, Singapore, and Mauritius being top investors. Learn more about the sector's growth.

ITC to Expand FPOs, Link 1 Crore Farmers, Scale Up MAARS App

December 5, 2024 14:46

ITC plans to increase its network of Farmer Producer Organizations (FPOs) to 4,000 in the next 4-5 years, aiming to connect one crore farmers and scale up its super app MAARS for agricultural...

Meja Urja Nigam Declares Rs 350 Cr Dividend for FY25

December 4, 2024 16:09

Meja Urja Nigam (MUNPL) has announced its first interim dividend of Rs 350 crore for FY25, to be paid to promoters NTPC Ltd and UPRVUNL. The dividend reflects MUNPL's strong financial performance...

Shadowfax Technologies Turns Profitable in FY24

December 3, 2024 17:55

Shadowfax Technologies, a third-party logistics provider, reported an adjusted PAT of Rs 2 crore in FY24, driven by revenue growth and diversified services like Prime delivery and quick commerce.

PNB Housing Aims for Rs 5,000 Cr Affordable Loan Book by FY25

December 3, 2024 17:23

PNB Housing Finance targets Rs 5,000 crore loan book in affordable segment by FY25, driven by PMAY 2.0 and branch expansion. The company also plans to launch a new vertical for Loan Against Property.

Adani Group's Financial Health Improves Post Hindenburg: Bernstein

December 3, 2024 15:32

Bernstein says Adani Group's financial position has strengthened since the Hindenburg report, citing reduced share pledges, lower leverage, and improved valuations.

India Patent Applications Surge to 92,000 in FY'24

December 3, 2024 14:39

India saw nearly 92,000 patent applications in FY'24, highlighting the country's growing technological prowess. The CGPDTM is also revamping IP guidelines.

GST Revenue: 18% Slab Contributes Most in FY24

December 2, 2024 16:43

India's 18% GST slab contributed the most to FY24 revenues, while the 12% slab contributed just 5-6%, Lok Sabha was informed. The GST Council is reviewing rates and potential slab mergers.

NBFCs to Slow Asset Growth to 15% in FY25-26: Crisil

December 2, 2024 15:30

RBI regulations and asset quality concerns will limit NBFC asset growth to 15-17% in FY25-26, according to Crisil. This follows a 23% growth in FY24. Unsecured loans and microfinance segments are...

Starbucks India Expansion: TCPL Sees Coffee as Huge Opportunity

December 1, 2024 15:34

Tata Consumer Products (TCPL) plans to scale up its Starbucks cafes in India, targeting 1,000 outlets by 2028. The company sees a huge opportunity in the coffee market, which is significantly...

Brokerages Promote Responsible Derivative Trading

December 1, 2024 11:19

Groww, Samco Securities & Axis Securities introduce features and educational initiatives to promote responsible derivative trading. Sebi tightens norms to curb losses among retail investors.

Wipro Enterprises Revenue Soars 10% in FY24, Profit Up 35%

December 1, 2024 10:50

Wipro Enterprises reports a 10% increase in revenue to Rs 16,902 crore in FY24, driven by strong performance in consumer care and infrastructure engineering. Profit jumped 35% to Rs 1,903.1 crore.

Nisus Finance IPO Opens Dec 4, Aims Rs 114 Crore

November 29, 2024 19:12

Nisus Finance Services Co Ltd will launch its IPO on December 4, seeking to raise over Rs 114 crore. The IPO will close on December 6, with a price band of Rs 170-180 per share.

Zee Shareholders Reject Punit Goenka's Reappointment

November 29, 2024 00:40

Zee Entertainment shareholders voted against the reappointment of Punit Goenka as director. Goenka's resolution was defeated at the AGM, with only 49.54% of votes in favor.

CarDekho Group Turns Profitable in FY24, Posts Rs 37 Cr Profit

November 28, 2024 19:07

CarDekho Group reports Rs 37 crore profit in FY24, a turnaround from losses in FY23. The growth is attributed to its insuretech and fintech platforms, InsuranceDekho and rupyy.

Assocham Proposes Centralized Grievances Portal for MSMEs

November 28, 2024 15:25

Assocham advocates for a centralized grievances portal for MSMEs to address issues with government departments and state governments, similar to the RBI's Ombudsman system.

Telcos Debt Hits Rs 4.09 Lakh Cr in FY24: BSNL Lowest

November 27, 2024 17:22

Total debt on major telecom operators in India reached Rs 4.09 lakh crore in FY24, with BSNL recording the lowest at Rs 23,297 crore. Read more about the debt situation of Vodafone Idea, Bharti...

Pocket FM Narrows Losses, Eyes Profitability - FY24 Results

November 27, 2024 15:30

Pocket FM, an audio entertainment platform, saw its global losses shrink by 21% to Rs 165 crore in FY24, driven by strong revenue growth and a focus on microtransactions. The company is on track to...

Icra Cuts Cement Industry Growth Forecast to 4-5% for FY25

November 27, 2024 14:29

Icra has revised down its cement industry volume growth forecast to 4-5% for FY25, citing sluggish construction activity. The agency previously projected 7-8% growth, but revised its outlook due to...

India's Meat Production Rises 5% in FY24: Govt Data

November 26, 2024 19:15

India's meat production increased by 5% to 10.25 million tonnes in FY24, while egg production rose by 3%. West Bengal led in meat production, while Andhra Pradesh topped egg production.

L'Oréal India FY24 Profit Down, Sales Up 12.6%

November 26, 2024 18:01

L'Oréal India's FY24 profit declined marginally to Rs 487.46 crore, while sales grew by 12.6% to Rs 5,576.47 crore. The company's total income increased by 13.83% to Rs 5,684.60 crore.

Meesho Launches GenAI-Powered Voice Bot for 24x7 Support

November 26, 2024 15:03

Meesho introduces a GenAI-powered voice bot for 24x7 customer support, handling 60,000 calls daily with a 95% resolution rate. The bot is available in English and Hindi, with plans to expand to six...

ShareChat Reduces Losses Sharply in FY24, Eyes IPO in 18-24 Months

November 26, 2024 14:48

ShareChat reports a 67% decline in adjusted EBITDA losses to Rs 793 crore in FY24, with revenue growth of 33%. The company is on track for cash breakeven by March 2025 and exploring an IPO in the...

Amway India Loss Doubles to Rs 52.78 cr in FY'24 | News

November 26, 2024 14:30

Amway India Enterprises reported a widened net loss of Rs 52.78 crore in FY'24, while revenue from operations stood at Rs 1,283.75 crore. Read more.

Udaan's Net Loss Narrows to Rs 666 Crore in FY24

November 25, 2024 20:30

Udaan's B2B e-commerce arm Hiveloop Technology reported a narrowed loss of Rs 666 crore in FY24, with revenue declining to Rs 224.83 crore. Parent firm Trustroot Internet also saw a decrease in...

LT Foods Enters Saudi Arabia, Targets Rs 976 Crore Revenue

November 25, 2024 20:26

LT Foods, a leading basmati rice player, has entered the Saudi Arabian market aiming for a revenue of Rs 976 crore in 5 years. The company plans to invest Rs 415 crore in warehousing, stocks, and...

Food Inflation: TCPL Sees Short-Term Blip, Focus on Volume Growth

November 25, 2024 14:42

Tata Consumer Products Ltd (TCPL) expects food inflation to moderate in the next two quarters, with a focus on volume growth and a revival in consumer demand.

IIFCL Seeks Infra Tag for Space Sector Financing

November 24, 2024 16:13

IIFCL requests government to include space sector in infrastructure list for easier financing of satellite vehicle manufacturing. The move aims to support India's growing space industry and attract...

Patanjali Ayurved Revenue Up 23% in FY24

November 24, 2024 15:52

Patanjali Ayurved's revenue rose 23% to Rs 9,335.3 crore in FY24, driven by other income including OFS of Patanjali Foods and income from group entities.

Reliance Refining Margins Recover, Retail Uncertain - JP Morgan

November 24, 2024 12:38

JP Morgan says Reliance's refining margins have rebounded, but retail growth remains uncertain due to a slowdown and restructuring. Reliance's stock is down 22% from its peak.

Vedanta Demerger Approved: NCLT Clears Way for Meetings

November 22, 2024 20:10

Vedanta Ltd. gets NCLT approval for its demerger plan, paving the way for meetings of shareholders and creditors to discuss the creation of independent companies for various businesses.

Uniqlo India Targets Rs 1,000 Crore Sales in FY'25

November 21, 2024 17:38

Uniqlo India aims to hit Rs 1,000 crore sales in FY'25, fueled by retail expansion and increased local sourcing. The company also plans to boost its online presence.

Belrise Industries Files for Rs 2,150 Crore IPO - Auto Component Maker

November 21, 2024 12:55

Belrise Industries, an Indian automotive component maker, has filed for an IPO to raise Rs 2,150 crore. The company plans to use the proceeds to pay down debt. Belrise supplies components to major...

Apple India Profit Surges 23% to Rs 2,746 cr in FY24

November 20, 2024 17:54

Apple India's net profit rose 23% to Rs 2,746 cr in FY24, driven by a 36% increase in revenue to Rs 67,152 cr. Read more about Apple India's financial performance.

Parle Agro Revenue & Profit Drop in FY24

November 20, 2024 17:25

Parle Agro, known for brands like Frooti and Appy, reported a significant decline in revenue and profit for FY24. Read more about the financial performance of the beverage company.

Vedanta Aluminium Signs Gas Supply Pact with GAIL

November 20, 2024 16:42

Vedanta Aluminium partners with GAIL Gas Ltd for natural gas supply to its Jharsuguda smelter, aiming to reduce carbon emissions and achieve net zero by 2050.

Vedanta's CSR Arm Invests Rs 437 Cr in FY24

November 20, 2024 16:11

Vedanta's CSR arm, Anil Agarwal Foundation (AAF), invested Rs 437 crore in FY24, focusing on education, healthcare, women and child development, and more.

ReNew Energy Profit Jumps 31% in Q2 to Rs 440 Crore

November 20, 2024 13:20

ReNew Energy Global Plc reported a 31% rise in net profit to Rs 493.9 crore in the September 2024 quarter, driven by higher income. The company's total income also increased during the period.

Sebi Proposes Higher Application Size for SME IPOs

November 19, 2024 20:45

SEBI proposes increasing the minimum application size for SME IPOs to up to Rs 4 lakh to ensure informed investors participate, aiming to protect smaller retail investors and enhance SME credibility.

Deloitte: Corporates Want Real-Time Tax Reporting

November 19, 2024 14:25

Deloitte India survey finds 74% of high-end corporate taxpayers want real-time reporting & compliance monitoring from the income tax department. The survey also highlights growing adoption of tax...

Real-Time Tax Reporting: Deloitte Survey Shows Corporates Want Change

November 19, 2024 14:24

Deloitte India's survey finds 74% of high-end corporate taxpayers want near real-time reporting and compliance monitoring, signaling a push for tax function digitalization. The survey also...

Satvik Green Energy IPO: Rs 1,150 Crore Raise

November 19, 2024 14:14

Solar panel maker Satvik Green Energy files for an IPO to raise Rs 1,150 crore, including a fresh issue and an OFS by promoters. The funds will be used for debt repayment, expansion, and general...

India Unemployment Rate Dips to 6.4% in Q2 FY25: Survey

November 18, 2024 18:02

India's unemployment rate in urban areas dropped to 6.4% in the July-September quarter, according to the National Sample Survey Survey (NSSO). Learn more about the labor force participation rate...

HealthKart Raises USD 153 Million Led by ChrysCapital & Motilal Oswal

November 18, 2024 15:12

HealthKart, an omnichannel nutrition platform, secures USD 153 million investment from ChrysCapital, Motilal Oswal Alternates, Neo Group, and A91 Partners. The funding will support the company's...

REITs Distribute Rs 2,754 Crore to Unitholders in H1 FY24

November 18, 2024 15:03

Indian REITs Association reports a 14% YoY increase in income distribution to unitholders, reaching Rs 2,754 crore in the first half of FY24. The four listed REITs, including Brookfield India Real...

Tyre Makers Forecast 7-8% Growth in FY24: Crisil

November 18, 2024 12:56

Tyre manufacturers are expected to see a 7-8% topline growth in FY24, driven by a 3-4% increase in realisations and volume, according to Crisil Ratings. The analysis is based on the performance of...

RCEP Benefits Minimal for India: GTRI Report

November 17, 2024 12:37

GTRI report says India won't reap significant benefits from RCEP due to trade deficits with member countries and China's opaque trade practices. Concerns over impact on Indian industries,...

Hyundai Bets Big on CNG: Sales Surge in India

November 17, 2024 10:56

Hyundai Motor India sees strong demand for CNG vehicles, with sales increasing across rural and urban markets. The company aims to capitalize on the growing CNG infrastructure in India.

Aditya Ultra Steel Profit, Solar Plant | Rs 5.87cr Profit, 5 MW Solar

November 16, 2024 17:08

Aditya Ultra Steel Ltd reported Rs 5.87cr profit in Apr-Sept 2024-25 and announced setting up a 5 MW solar plant in Rajkot, Gujarat. Read more.

Rapido Cuts Losses by Half in FY24: Revenue Surges

November 15, 2024 16:39

Ride-hailing platform Rapido narrows losses to Rs 370 crore in FY24 from Rs 675 crore a year earlier, driven by a 46.3% revenue increase. The company also saw a significant rise in Gross Order Value.

India IT Flexi Staffing to Grow 7% till FY26: Report

November 14, 2024 18:40

India's IT flexi staffing market is projected to grow at a CAGR of 7% from FY24 to FY26, reaching USD 4.9 billion in FY24, according to the India Staffing Federation (ISF).

Uflex Q2 Loss, Revenue Up 14.6% | Packaging Firm

November 14, 2024 13:15

Uflex reported a Q2 loss of Rs 64.58 crore despite revenue growth of 14.6% to Rs 3,781.03 crore. The company attributed the loss to increased expenses.

Eicher Motors Shares Surge 8% on Strong Earnings

November 14, 2024 11:56

Eicher Motors shares jumped over 8% on Thursday after the company reported an 8% increase in consolidated profit for the September 2024 quarter, driven by robust sales across its business segments.

8 Crore ITRs Filed for FY24: 74% Opt for New Tax Regime

November 13, 2024 21:05

Over 8 crore ITRs have been filed for FY24, with 74% of taxpayers opting for the new tax regime. Learn more about the new tax regime and its impact on income tax returns.

Thomas Cook India Q2 Profit Soars 40% to Rs 72 Crore

November 13, 2024 20:57

Thomas Cook India reports a 40% surge in net profit for the second quarter, reaching Rs 72 crore. The company attributes the growth to strong recovery in business volumes and a focus on sustainable...

GRSE Reports Rs 2,311 Crore Income in H1 FY24-25

November 13, 2024 20:55

Garden Reach Shipbuilders and Engineers (GRSE) Ltd registered a total income of Rs 2,311 crore in the first half of FY24-25, with a profit after tax of Rs 185 crore.

Zaggle Q2 Profit Surges 3x to Rs 20 cr | SaaS Fintech Growth

November 13, 2024 18:45

Zaggle Prepaid Ocean Services reports a strong Q2 FY24 with a 3-fold rise in net profit to Rs 20.3 crore. Revenue also grew significantly, driven by strategic alliances and M&A plans.

India Glycols to Demerge Spirits Biz, Partner with Amrut

November 13, 2024 18:33

India Glycols plans to demerge its spirits business and list it on exchanges, partnering with Amrut Distilleries to target the premium whisky market. The company expects strong growth in its...

Eicher Motors Q2 Profit Up 8% to Rs 1,100 cr | Royal Enfield Sales Strong

November 13, 2024 18:09

Eicher Motors reported a consolidated profit after tax of Rs 1,100 crore in Q2 FY25, up 8% YoY. Royal Enfield sales were strong, and the company plans to expand its global presence.

Torrent Power Profit Dips 9% in Q2 FY24

November 13, 2024 18:04

Torrent Power reported a 9% decline in consolidated net profit to Rs 495.72 crore in Q2 FY24, impacted by lower electricity demand due to extended monsoon and reduced renewable capacity utilisation.

Goodluck India PAT Jumps 30% to Rs 45 cr in Q2

November 13, 2024 17:28

Goodluck India's profit after tax (PAT) surged by 30% to Rs 45.06 crore in the September 2024 quarter, driven by higher income and robust demand. The company's total income also rose significantly.

Sunteck Realty Reports Rs 34.62 Cr Profit in Q2 FY24

November 13, 2024 16:49

Sunteck Realty Ltd posted a consolidated net profit of Rs 34.62 crore in Q2 FY24, a significant improvement from a loss in the same period last year. The company's total income also rose...

Mars India Narrows Loss in FY24, Sales Up 2.8%

November 13, 2024 16:29

Mars International India, maker of Galaxy, Snickers, Mars, and Bounty, narrowed its loss to Rs 1.79 crore in FY24, with revenue rising 2.82% to Rs 2,329.92 crore.

Pernod Ricard Tops Indian Spirits Market with Rs 26,773 cr Revenue

November 12, 2024 23:04

Pernod Ricard surpasses Diageo-owned United Spirits as India's largest spirit maker, achieving Rs 26,773 crore revenue in FY24. Read more about the company's growth and market share.

PN Gadgil Jewellers Q2 Profit Soars 59% to Rs 34.91 Crore

November 12, 2024 20:40

PN Gadgil Jewellers Q2 net profit jumps 59.11% to Rs 34.91 crore, driven by strong operating performance and lower gold import duty. Revenue also rose 45.92% to Rs 2,001.31 crore.

Runaya Plans Fundraising in FY26: Metal Recycling Startup

November 12, 2024 20:33

Runaya, a metal recycling startup owned by Vedanta Group promoters, is considering a share sale in the first half of FY26. The company aims to invest Rs 500 crore in FY25 and FY26.

Kirloskar Oil Engines Profit Surges 48% in Q2

November 12, 2024 19:24

Kirloskar Oil Engines Ltd. reported a 48% jump in net profit for the September 2024 quarter, driven by strong demand from infrastructure and construction sectors. Net sales rose 13% to Rs 1,184 crore.

Uno Minda Q2 PAT Rises 11% to Rs 266 Cr

November 12, 2024 18:25

Uno Minda Ltd's Q2 PAT jumped 11% to Rs 266.1 crore, driven by strong revenue growth across segments including lighting, switches, and sensors. The company's revenue grew 18% to Rs 4,244.79 crore...

Mondelez India FY24 Profit Soars 72% to Rs 2,020.8 cr

November 12, 2024 18:18

Mondelez India Foods Pvt Ltd reported a 72% surge in net profit to Rs 2,020.87 crore in FY24, driven by strong sales growth across its iconic brands like Cadbury Dairy Milk and Bournvita.

Minda Corporation Q2 Profit Up 25.42% to Rs 74 Cr

November 12, 2024 16:56

Minda Corporation reported a 25.42% rise in Q2 profit to Rs 74 crore, driven by customer expansion and product premiumization. Revenue grew 7.9% YoY to Rs 1,290 crore.

Gujarat Toolroom Q2 PAT Jumps to Rs 27 cr - PTI

November 12, 2024 14:20

Gujarat Toolroom's Q2 PAT surged to Rs 27 crore, driven by higher revenues. Its Dubai subsidiary secured a AED 50 million order. Read more.

Bansal Wire Q2 Profit Doubles to Rs 40 cr

November 12, 2024 13:37

Bansal Wire Industries reports a strong Q2 FY25 with PAT doubling to Rs 40 crore, driven by higher revenue and increased order inflow.

India Gaming Market to Hit USD 9.2 Billion by FY29: Report

November 11, 2024 22:01

India's gaming market is expected to reach USD 9.2 billion by 2028-29, driven by rising ad revenue and in-app purchases, according to a Lumikai report. The market grew by 23% in FY24, reaching USD...

BoI Q2 Profit Jumps 61% on Non-Core Income

November 11, 2024 20:54

Bank of India reported a 61% surge in Q2 profit, driven by strong non-core income. Core net interest income grew 4%, while advances rose 14.5%. The bank aims to expand its NIM to 2.90% by FY24.

Ramco Cements Q2 Profit Falls 64.2% to Rs 25.8 cr - Business News

November 11, 2024 19:52

Ramco Cements reports a 64.2% decline in Q2 net profit to Rs 25.8 crore due to lower cement prices. Revenue also slipped by 12.66% to Rs 2,044.13 crore. Read more.

Kamdhenu PAT Rises to Rs 16 cr, Announces Share Split

November 11, 2024 19:35

Kamdhenu Ltd's Q2 profit surged 57% to Rs 16 cr, fueled by higher income. The company also announced a share split in a 1:10 ratio to enhance liquidity and encourage small investors.

ONGC Net Profit Rises 17% in Q2 on Lower Levies

November 11, 2024 19:22

ONGC's net profit surged 17% in Q2 FY25, driven by lower windfall tax and other levies. The company also saw increased crude oil production and a slowdown in gas production decline.

Hindustan Coca-Cola Beverages Profit Soars in FY24

November 11, 2024 18:46

Hindustan Coca-Cola Beverages Ltd.'s net profit tripled to Rs 2,808 cr in FY24, driven by a 10% revenue increase. The company also divested bottling operations in several regions.

Insecticides India Q2 Profit Up 15% to Rs 61 Cr

November 11, 2024 18:42

Insecticides (India) Ltd reported a 15.69% rise in Q2 net profit to Rs 61.49 crore, driven by lower expenses despite a decline in revenue. The company's focus remains on premium products and new...

Coca-Cola India Profit Falls 42% in FY24 | Revenue Rises 4%

November 11, 2024 17:47

Coca-Cola India's profit declined by 42% to Rs 420.29 crore in FY24, while revenue increased by 4% to Rs 4,713.38 crore. The company's expenses on advertising and sales promotion surged by 35%.

EPFO Reports 6.6% Employer Growth, 7.6% Member Rise in FY24

November 11, 2024 16:55

The Employees' Provident Fund Organisation (EPFO) saw a significant increase in both contributing employers and members in FY24, with a 6.6% and 7.6% rise respectively. The report also highlighted...

P&G Home Profit Soars 37% in FY24, Revenue Up 5%

November 11, 2024 16:50

Procter & Gamble Home Products Ltd saw a significant jump in profit and revenue in FY24, with net profit increasing by 36.8% to Rs 573.6 crore and revenue from operations rising by 4.8% to...

Keystone Realtors Q2 Profit Soars 15-Fold to Rs 65.55 cr

November 11, 2024 14:47

Keystone Realtors Ltd reports a significant jump in net profit to Rs 65.55 crore in Q2 FY25, driven by strong pre-sales and project launches. The company highlights its asset-light model and...

LatentView Analytics Q2 Profit Jumps to Rs 40.7 Cr

November 10, 2024 16:04

LatentView Analytics reports consolidated profit of Rs 40.7 crore for Q2 FY25, driven by revenue growth and the acquisition of Decision Point Analytics.

IIFCL Plans Subsidiary for Asset-Backed Securities

November 10, 2024 14:09

India Infrastructure Finance Company Ltd (IIFCL) plans to establish a subsidiary to issue asset-backed securities (ABS) and covered bonds, aiming to securitize its assets and conserve capital for...

Black Box Q2 Profit Surges 60% to Rs 51 Crore

November 10, 2024 14:00

Essar Group's IT arm Black Box reported a 60% jump in net profit for Q2 FY25, reaching Rs 51.14 crore. The company attributes the growth to operating leverage.

Company Name
Price
Volume

Vodafone Idea L
8.13 (+ 5.04)
34192540

Srestha Finvest
0.68 ( -2.86)
21216803

GMR Airports
71.78 (+ 3.00)
17798911

G G Engineering
1.56 (+ 8.33)
12500388

GTL Infrastructure
1.88 (+ 4.44)
10848077

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Quadrant Future Tek Ltd shares surged 29% on their debut trade, closing at Rs 374 on...

Praveen Someshwar New CEO of United Spirits

Praveen Someshwar appointed CEO of United Spirits Ltd (USL), replacing Hina Nagarajan...

HCL Tech Shares Tumble 10% After Earnings...

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