Search result for 'fy25'

PCBL Capex Plan on Track, Stock Drops 10% | Business News

January 13, 2025 21:12

PCBL Chemical Ltd's Rs 3,700 crore capex plan is on track despite a 23% YoY decline in standalone profit. The stock plummeted 10% after the earnings report.

Direct Tax Collection Surges 16% in FY25: India's Tax Revenue Rises

January 13, 2025 19:26

India's net direct tax collection has surged by 15.88% to Rs 16.90 lakh crore in FY25, driven by growth in personal and corporate income tax. Learn more about the latest tax figures.

Anand Rathi Wealth Q3 Profit Jumps 33% to Rs 77 cr

January 13, 2025 19:15

Anand Rathi Wealth Ltd reported a 33% year-on-year surge in consolidated net profit to Rs 77.3 crore in the December quarter. The company also announced a 1:1 bonus share issue.

Hyderabad Office Market: Vacancy to Rise to 24% by 2026

January 13, 2025 18:03

ICRA forecasts a surge in office space vacancy in Hyderabad by March 2026, driven by excess supply. The city's office market is expected to face a demand-supply mismatch due to speculative...

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.

India Corporate Credit Outlook: Steady Growth & Rate Cuts in 2025 - Fitch

January 13, 2025 14:18

Fitch Ratings forecasts improved credit access for Indian corporates in FY26, driven by steady GDP growth, banking sector health, and likely interest rate cuts in 2025.

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.

Diamond Export Revival & Singur Jewelry Hub: GJEPC's Plans

January 11, 2025 20:20

GJEPC reports a rise in gold jewelry exports, but diamond exports face challenges. The council is optimistic about a turnaround and aims to establish Singur in West Bengal as a global jewelry hub.

Just Dial Q3 Profit Surges 43% to Rs 131 cr

January 11, 2025 12:39

Just Dial Ltd reported a 43% increase in consolidated net profit for the December quarter, reaching Rs 131.31 crore. Revenue also grew by 8.4%.

CESC Q3 Profit Down 6.3% to Rs 282 Cr

January 10, 2025 17:41

CESC Ltd. reported a 6.3% decline in Q3 FY25 net profit to Rs 282 crore, impacted by lower regulatory income. Total income rose to Rs 3,657 crore.

Niti Aayog Seeks Balance: Govt vs Corp Debt Markets

January 10, 2025 16:32

Niti Aayog is exploring ways to balance India's government and corporate debt markets, with focus on fiscal adjustment and liquidity. The think tank will also examine the impact of deepening the...

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...

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.

India's GDP Growth to Slow to 6.3% in FY25: SBI Report

January 8, 2025 15:35

SBI report forecasts India's GDP growth at 6.3% in FY25, slightly lower than government's estimates, citing weak demand and subdued investments.

Sobha Sales Bookings Fall 29% in Q3, Rise Sequentially

January 8, 2025 11:27

Sobha Ltd's sale bookings declined 29% to Rs 1,388.6 crore in Q3 FY25, but increased sequentially. The company highlights strong economic activity and job creation in India's major cities.

Tata Steel Crude Steel Production Rises 6% in Q3 FY25

January 7, 2025 22:03

Tata Steel's crude steel production increased by 6% to 5.68 million tonnes in Q3 FY25, driven by the commissioning of new blast furnaces at Kalinganagar. Deliveries in India also rose 8.4%...

India GDP Growth Forecast: 6.2% in FY25, HSBC Says

January 7, 2025 18:02

HSBC forecasts India's real GDP growth to be 6.2% in FY25, lower than the official estimate, and 6.5% in FY26. The brokerage expects inflation to fall to 4.9% in FY25.

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...

MobiKwik Reports Q2 Loss on Investment | Business News

January 7, 2025 13:23

MobiKwik, listed last month, reported a Rs 3.59 crore loss in Q2 FY25 due to higher investments, despite a rise in revenue. The company aims to balance growth and profitability.

Kalyan Jewellers Revenue Surges 39% in Q3, Plans Expansion

January 7, 2025 12:09

Kalyan Jewellers reports a 39% revenue increase in Q3 driven by strong festive demand. The company plans to open over 130 new showrooms in FY25, expanding its reach in India and abroad.

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.

Titan Co Q3 Profit Up 24% on Festive Demand - News

January 6, 2025 14:49

Titan Company Ltd reported a 24% YoY growth in Q3 FY25 driven by strong festive demand, particularly in the jewellery segment. Tanishq added new stores in the US and Dubai.

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...

FMCG Makers Face Inflation: Volume Growth, Profit Hit in Q3

January 5, 2025 11:53

FMCG companies anticipate a decline in gross margin and flat operating profit in Q3 due to inflation and rising input costs. Read about the impact on volume growth and key companies like Dabur and...

FPIs Pull Out Rs 4,285 Cr from Indian Equities Amid High Valuations

January 5, 2025 11:13

Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of January, driven by apprehensions over high valuations and global headwinds.

Global Trends & Earnings Drive Market This Week: Analysts

January 5, 2025 10:13

Equity markets will be influenced by global trends, FII activity, and Q3 earnings, with TCS kicking off the results season. Macroeconomic data and the rupee-dollar trend will also be key factors.

Uttarakhand Buys 3,100 Tonnes Mandua at MSP in FY25

January 4, 2025 19:31

Uttarakhand government procured over 3,100 metric tonnes of mandua at MSP of Rs 4,200/quintal in FY25, boosting millet cultivation in the state.

Nipha Group Invests Rs 180 Crore in Expansion

January 4, 2025 19:01

Nipha Group, an Indian engineering firm, announces a Rs 180 crore expansion plan over the next two years, including a US acquisition and greenfield projects in West Bengal.

UCO Bank Reports 12% Business Growth in Q3 FY25

January 3, 2025 19:34

UCO Bank's total business grew 12.18% in Q3 FY25, driven by a strong performance in advances and deposits. Domestic advances rose 18.83% and deposits increased by 9.37%.

Marico Reports Sequential Uptick, Modest Profit Growth in Q3

January 3, 2025 18:29

FMCG maker Marico reported a sequential uptick in domestic volume growth for the December quarter, but said its operating profit growth will be 'modest' due to higher input costs. Marico expects 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...

Dabur Q3 Results: Low Growth, Flat Profit Amid Inflation

January 3, 2025 17:08

Dabur expects low single-digit revenue growth and flattish operating profit in Q3 FY25, impacted by inflation. However, rural consumption remains resilient.

GST Collections Slowdown: Congress Urges Govt Focus on Economy

January 3, 2025 14:31

Congress expresses concern over weak GST numbers, urging the government to prioritize economic complexities over tax on popcorn and provide income support to the poor.

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...

Punjab Revenue Crosses Rs 30,000 Crore in 9 Months: Cheema

January 2, 2025 21:19

Punjab Finance Minister Harpal Singh Cheema announced the state's revenue collection from VAT, CST, GST, PSDT and excise has exceeded Rs 30,000 crore for the first time in the first nine months of...

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.

Telangana to Raise Rs 30,000 Crore in Q4 FY25

January 2, 2025 20:35

Telangana government plans to raise Rs 30,000 crore through market borrowings in the last quarter of FY 2024-25. This move follows the state's utilization of 71.7% of its budget estimates for the...

Credit Growth to Slow in FY26: ICRA

January 2, 2025 20:13

ICRA forecasts credit growth to moderate to 9.7-10.3% in FY26, citing high CD ratio and LCR changes. The report also highlights impact on banking sector margins and asset quality.

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...

India Textile Exports Up 7% to USD 21.35 Billion in FY25

January 2, 2025 15:01

India's textile and apparel exports grew 7% to USD 21.35 billion during April-October of FY25, with Ready Made Garments leading the way. Imports also saw growth in cotton textiles.

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...

UltraTech Appoints New CEO & CFO for India Cements

January 1, 2025 11:51

UltraTech has appointed Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO for its newly acquired subsidiary, India Cements. The appointments take effect from Wednesday.

India's Economy: Healthy Growth Expected, Rate Cut Likely

January 1, 2025 10:45

India's economy is expected to rebound with healthy growth in 2025, driven by festival spending and rural demand. A rate cut is possible in February, and the Union Budget will outline the economic...

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.

UFlex Invests USD 200 Million in Egypt for Capacity Expansion

December 30, 2024 16:08

UFlex is investing USD 200 million in Egypt to expand its packaging capacity, targeting the Middle East, Europe and African markets. This includes a PET chips facility and an aseptic packaging unit.

India's GDP to Grow 6.6% in FY25: RBI Report

December 30, 2024 16:00

The Indian economy is projected to grow at 6.6% in 2024-25, driven by rural consumption, government spending, and strong service exports, according to the RBI's Financial Stability Report.

SPPL Targets 1 Million TV Sales by 2025: Expansion & Global Licenses

December 30, 2024 13:57

Super Plastronics Pvt Ltd (SPPL) aims to sell 1 million TVs by 2025, driven by capacity expansion, new global brand licenses, and increased offline presence. The company plans to add two more...

Retail Transformation in 2025: AI & Automation Key

December 30, 2024 10:10

Indian retail industry is poised for transformation in 2025, driven by AI, automation, and quick commerce. Learn about key trends and challenges impacting the sector.

Indian IT Sector Outlook 2025: AI Bets, Demand Reboot & Cautious Optimism

December 30, 2024 10:01

The Indian IT sector enters 2025 with cautious optimism fueled by AI investments and a potential demand rebound, but faces global macroeconomic uncertainties and US immigration policies.

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%.

Indian Economy to Grow 6.5-6.8% in FY25: Deloitte

December 29, 2024 10:45

Deloitte forecasts India's economy to grow at 6.5-6.8% in FY25, driven by domestic consumption, despite global headwinds. The report highlights key sectors like manufacturing, services, and capital...

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...

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.

PSU Banks Profit: Rs 1.5 Lakh Cr Forecast, Deposit Concerns

December 27, 2024 11:01

Public sector banks (PSBs) in India are projected to exceed Rs 1.5 lakh crore in profit for FY'25, driven by low NPAs and credit growth. However, slow deposit mobilization remains a concern.

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...

India's Growth Outlook: Deeper Commitment Needed Amidst Uncertainties

December 26, 2024 18:02

India's GDP growth moderated in Q2 FY25, but the outlook for Q3 appears bright. The report highlights the need for deeper commitment from all stakeholders to sustain growth amidst emerging global...

Banking Frauds Surge in H1FY25: RBI Report

December 26, 2024 17:44

RBI report reveals a sharp increase in banking frauds in H1FY25, with the amount involved jumping eight-fold. Learn about the trends and implications for the financial system.

West Bengal Economy 2024: Growth Amid Challenges

December 26, 2024 10:32

West Bengal's economy in 2024 saw growth in manufacturing and IT, but also faced challenges like industry flight and fiscal concerns. Experts warn of the need for reforms to ensure continued...

UltraTech Completes India Cements Acquisition, N Srinivasan Steps Down

December 25, 2024 19:03

UltraTech Cement completes acquisition of India Cements, taking majority stake. N Srinivasan and other promoters step down from the board. The deal expands UltraTech's footprint in the southern...

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.

India Fiscal Deficit to Reach 4.5% by FY26: FinMin

December 25, 2024 11:03

India's finance ministry plans to reduce fiscal deficit to 4.5% by FY26 while focusing on quality spending and social security. Budget 2025-26 to be presented in February.

TVS Emerald Acquires 12 Acres in Chennai, Rs 2,800 Crore Potential

December 23, 2024 21:06

TVS Emerald, a real estate developer, has purchased 12 acres in Chennai with a development potential of 2.5 million sqft and a revenue potential of Rs 2,800 crore. This is one of the largest real...

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.

RBI Rate Cut Expectations: New Governor's Focus on Growth

December 22, 2024 15:42

With a new RBI governor at the helm, market watchers anticipate a potential interest rate cut in February. The focus shifts from inflation control to growth, but challenges remain.

15th Finance Commission Devolution Higher: FM

December 20, 2024 22:39

Finance Minister Nirmala Sitharaman announced that funds devolved to states under the 15th Finance Commission are higher than the 14th. She also highlighted the enhanced allocation under the SASCI...

Sebi's New Data Sharing Policy for Research

December 20, 2024 21:14

Sebi introduces a uniform data sharing policy for research, categorizing data as publicly shareable and non-public for research purposes. This policy aims to balance data accessibility for research...

West Bengal Aims to Exceed Rs 1.53 Lakh Crore MSME Credit Target in FY'25

December 20, 2024 19:38

West Bengal aims to surpass its Rs 1.53 lakh crore credit target for the MSME sector in FY'25, reflecting a 7.7% credit growth. The state government highlights its focus on bottom-up policies and...

Paper Manufacturers Revenue to Dip 2-3% in FY25: Crisil

December 20, 2024 15:22

Crisil predicts a 2-3% decline in paper manufacturers' revenue in FY25 due to subdued realisations and costlier raw materials. Learn more about the factors impacting the industry's performance.

Hyundai to Use Amaron Batteries in India

December 19, 2024 22:13

Hyundai Motor India will equip its domestic product line-up with Amaron's AGM battery technology, making it the first auto OEM in India to use localised AGM technology.

Veefin Group Raises Rs 136 Cr for Growth & Acquisitions

December 19, 2024 19:57

Veefin Group, an IT company, has raised Rs 136 crore in funding for product development and acquisitions. The company plans to raise another Rs 155 crore in the next round to accelerate growth and...

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...

Sebi Defers ESG Disclosure Deadline to FY26

December 19, 2024 18:35

Sebi extends ESG disclosure deadline for value chain partners of listed companies to FY26, allowing more time for compliance with BRSR requirements. The move aims to enhance ease of doing business...

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.

Ambuja Cements Merges Sanghi & Penna Cement

December 17, 2024 19:23

Ambuja Cements will merge Sanghi Industries and Penna Cement Industries with itself, aiming to streamline operations and enhance shareholder value.

India's Q2 GDP Growth: Temporary Blip, Economy to Improve

December 17, 2024 18:01

Finance Minister Nirmala Sitharaman assures that India's lower-than-expected GDP growth in Q2 is temporary, and the economy will see healthy growth in coming quarters.

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.

Vodafone Idea to Boost 4G in Bengal Before 5G Rollout

December 17, 2024 16:56

Vodafone Idea prioritizes 4G network expansion in Kolkata and Bengal before 5G rollout, aiming to improve customer experience and data consumption.

Vedanta Declares Rs 8.5 Interim Dividend for FY25

December 16, 2024 19:45

Vedanta Ltd announces a fourth interim dividend of Rs 8.5 per share for FY25, bringing the total interim dividend to Rs 43.5 per share. The record date for payment is December 24.

Parliament Panel Urges Labour Reforms Implementation in All States

December 16, 2024 19:39

A Parliamentary panel calls for swift implementation of labour codes across India, urging states to finalize rules for wage, industrial relations, social security, and occupational safety.

Sterlite Power Raises Rs 725 Cr from GEF Capital, ENAM

December 16, 2024 11:28

Sterlite Power's GPS business secures Rs 725 crore funding from GEF Capital and ENAM Holdings for expansion and growth initiatives.

Satin Creditcare Focuses on Risk Management for Growth

December 15, 2024 11:17

Satin Creditcare Network Ltd (SCNL) is prioritizing innovative risk management and efficient collection mechanisms to drive growth amid industry challenges. The company's Chairman discusses...

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.

FIU Helps Seize Rs 11k Cr Undisclosed Income, 461kg Narcotics

December 12, 2024 17:38

The Financial Intelligence Unit (FIU) has helped in detecting Rs 11,000 crore of undisclosed income and 461 kg of narcotics, the finance ministry said.

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...

Govt Seeks Rs 44,143 Cr Extra Spending in FY25

December 12, 2024 14:29

The Indian government has requested Parliament's approval for an additional Rs 44,143 crore in spending for the current fiscal year. The Supplementary Demands for Grants include funds for the...

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.

RBI Rate Cut Unlikely in FY26: Axis Bank Economist

December 11, 2024 20:27

Axis Bank's chief economist predicts no interest rate cut in India for the next 13-14 months due to elevated inflation, despite a dip in GDP growth. He expects a recovery in FY26.

India's Non-Fossil Fuel Capacity Surges 14% to 214 GW

December 11, 2024 19:39

India's non-fossil fuel installed capacity has reached 213.70 GW in November 2024, marking a 14.2% increase from the previous year. Solar power led the growth, with installed capacity rising from...

E-commerce & Tech Startups Redefine Policies for Flexibility - TeamLease Services

December 11, 2024 19:04

E-commerce and tech startups are adopting hybrid staffing models and leveraging AI to stay flexible and drive growth, according to TeamLease Services' latest report.

ADB Cuts India's GDP Growth Forecast to 6.5% for FY25

December 11, 2024 13:48

The Asian Development Bank has lowered India's economic growth forecast for the current financial year to 6.5% from 7%, citing weaker private investment and housing demand. The bank also revised...

Sensex, Nifty Flat Amid Volatile Trade - Dec 10

December 10, 2024 16:17

Indian stock market indices Sensex and Nifty ended flat on Tuesday, with investors remaining cautious in the absence of fresh triggers. European markets' weakness also impacted sentiment.

Waaree Energies Shares Surge on Solar PV Module Order - Business News

December 10, 2024 12:14

Waaree Energies shares climbed over 7% after securing a 1 GW solar PV module order from a domestic renewable energy company. The order will be supplied in FY25 and FY26.

CII Urges Govt to Stick to Fiscal Deficit Targets

December 8, 2024 13:33

The Confederation of Indian Industry (CII) has urged the government to maintain fiscal deficit targets of 4.9% in FY25 and 4.5% in FY26, warning that exceeding these could harm economic growth.

IPO Frenzy Next Week: 11 Companies to Raise Rs 18,500 Cr

December 8, 2024 12:54

11 companies, including Vishal Mega Mart, Sai Life Sciences, and Mobikwik, are set to launch IPOs next week, aiming to raise nearly Rs 18,500 crore. The IPO market is bustling with activity across...

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...

UltraTech Cement Receives CCI Notice Over India Cements Acquisition

December 7, 2024 15:16

UltraTech Cement has received a notice from the Competition Commission of India (CCI) regarding its proposed acquisition of India Cements Ltd. The acquisition aims to expand UltraTech's footprint...

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...

RBI Keeps Rates Steady, Markets Dip After 5-Day Rally

December 6, 2024 16:19

Indian stock markets closed lower on Friday after the RBI kept interest rates unchanged but cut GDP growth forecast. Sensex ended down 0.07% and Nifty down 0.12%.

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.

Rupee Steady at 84.70, RBI Keeps Rates Unchanged

December 6, 2024 15:55

The Indian rupee closed at 84.70 against the US dollar on Friday, appreciating slightly as the Reserve Bank of India left interest rates unchanged but cut the cash reserve ratio.

RBI Predicts Stronger Growth in Second Half of Fiscal Year

December 6, 2024 13:53

Reserve Bank of India Governor Shaktikanta Das expects better growth in the second half of FY25, despite cutting overall growth projections to 6.6%. The forecast is based on factors including a...

RBI Cuts GDP Growth Forecast to 6.6% for FY25

December 6, 2024 12:41

The Reserve Bank of India has lowered its GDP growth forecast for the current fiscal year to 6.6% from 7.2%, citing a slowdown in economic activity and stubborn food prices. Inflation is projected...

RBI Monetary Policy December 2024: Repo Rate Unchanged, GDP Forecast Lowered

December 6, 2024 11:19

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 pc in its December monetary policy. The central bank also lowered the GDP growth forecast for FY25 to 6.6 pc and raised inflation...

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...

HDFC Ergo Targets 18% Growth in Retail Health Insurance | FY25

December 5, 2024 19:07

HDFC Ergo aims for an 18% increase in retail health insurance premium income in FY25. The insurer earned Rs 4,000 crore in the last fiscal, with a market share of 9%.

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.

A B Cotspin India Targets Rs 275 Cr Turnover in FY'25

December 5, 2024 18:10

Textile manufacturer A B Cotspin India is aiming for an 8% rise in turnover to Rs 275 crore in FY'25, driven by a strong order book and expansion plans. The company is also exploring acquisition of...

Aurobindo Pharma Gets USFDA Approval for Generic Cancer Drug

December 5, 2024 16:30

Aurobindo Pharma's subsidiary, Eugia Pharma Specialities, has received USFDA approval to market Pazopanib Tablets (200 mg) in the US. The drug is therapeutically equivalent to Novartis' Votrient...

Rooftop Solar Installations Surge in India: 10 Lakh Target by FY'25

December 4, 2024 18:45

India's rooftop solar installations are accelerating, with 10 lakh installations expected by fiscal end. The government has implemented several measures, including IT system upgrades and...

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...

Swiggy Doubles Quick Commerce Stores by 2025

December 3, 2024 21:27

Swiggy, the on-demand convenience platform, plans to double its Instamart stores to over 1,045 with a footprint of 40 lakh sq ft by March 2025.

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.

Domestic Air Traffic to Rise 7-10% in FY25: Icra

December 3, 2024 13:39

Domestic air traffic in India is projected to rise 7-10% to 164-170 million in FY25, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore, according to Icra.

RBI to Hold Rates, Analysts Cut Growth Estimates

December 2, 2024 21:06

Analysts expect the Reserve Bank of India to keep rates unchanged on Friday, but cut the CRR or tweak deposit requirements to boost liquidity. They also revised down FY25 growth estimates due to...

ICRA Predicts Revenue Growth for India Inc in Q3

December 2, 2024 19:35

ICRA expects sequential revenue growth for India Inc in Q3 FY25, driven by improved rural demand, government spending and the festive season. However, uneven urban demand and global uncertainties...

India Organic Food Exports Reach USD 450 Million in FY25

December 2, 2024 16:59

India's organic food exports reached nearly USD 450 million by November 25, 2023, with a total of 2,63,050 tonnes exported. The country's organic food exports have grown significantly in...

SBI to Open 500 New Branches in FY25 | Latest News

December 2, 2024 16:05

State Bank of India (SBI) plans to open 500 new branches across India in FY25. The bank has already opened 135 new branches till October 31, 2024.

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...

Indian Real Estate Attracts Rs 75,500 Cr AIF Investment: Anarock

December 2, 2024 14:10

Anarock reports record Rs 75,500 crore AIF investment in Indian real estate, making it the top sector for alternative investment funds. Learn more about the growth and trends in AIF investment in...

RBI to Hold Interest Rates, Moderate GDP Forecast: Experts

December 1, 2024 14:46

Experts predict RBI will keep interest rates unchanged amid rising inflation and disappointing GDP growth. The Monetary Policy Committee (MPC) is expected to moderate its growth forecast for FY2025.

EPFO Amnesty Scheme: Employers Can Now Deposit Past PF Dues Without Penalty

November 30, 2024 19:51

The EPFO has introduced an amnesty scheme allowing employers to deposit past provident fund dues without penalty. The move aims to encourage compliance and benefit employees.

Adani Group CFO Denies Bribery Allegations

November 29, 2024 22:27

Adani Group CFO Jugeshinder Singh denies bribery allegations in the US, stating he would know if any large cash payments were made. The group maintains its commitment to infrastructure projects and...

India's Q2 GDP Growth Disappointing, But FY25 Target Safe: CEA

November 29, 2024 19:48

India's GDP growth slowed to 5.4% in Q2, disappointing but CEA says FY25 target of 6.5% is safe, citing strong agriculture, construction, and labor market.

India's Economic Growth Slows to 5.4% in Q2 FY25

November 29, 2024 16:31

India's economic growth slowed to 5.4% in the July-September quarter of FY25, driven by weak manufacturing performance. This follows a year-on-year decline from 8.1%.

Rupee Falls 2 Paise to Close at 84.49 vs US Dollar

November 29, 2024 15:47

The Indian rupee closed at 84.49 against the US dollar on Friday, driven by foreign fund outflows and importer demand. Domestic markets and crude oil prices cushioned the decline.

Amul's Double-Digit Revenue Growth in FY25

November 29, 2024 13:58

GCMMF, the maker of Amul dairy products, expects double-digit revenue growth in FY25 driven by strong demand across product categories, including fresh milk, cheese and ice cream. The cooperative...

Entry-Level Salaries Rise in Key Sectors: Report

November 28, 2024 18:45

Entry-level jobs are seeing a surge in salaries across sectors, with GCCs and non-tech leading the way. Software development, cybersecurity, data management, and cloud solutions are key areas with...

PCBL Completes Mundra Plant Expansion: Specialty Chemical Capacity Doubles

November 28, 2024 18:34

PCBL Ltd has completed the expansion of its specialty chemical capacity at its Mundra plant, doubling the capacity to 40,000 MTPA. The company's total manufacturing capacity now stands at 7,90,000...

PM e-Drive Phase 2: Subsidies Extended for Cargo E-Rickshaws

November 27, 2024 17:20

India's government extends the PM e-Drive scheme to provide subsidies for electric cargo three-wheelers, with a reduced rate of Rs 25,000 per vehicle. Read more.

India's Fiscal Deficit to be 4.75% in FY25: IndRa

November 27, 2024 17:14

India Ratings and Research predicts India's fiscal deficit to be 4.75% of GDP in FY25, lower than the budget estimate, due to reduced government capex.

SBI Fundraise Hits Rs 50,000 Cr in FY25: Infra Bonds Drive Growth

November 27, 2024 16:18

State Bank of India (SBI) has raised Rs 50,000 crore in FY25 through a combination of infra bonds, AT1 bonds, Tier 2 bonds, and long-term bonds, attracting strong investor interest.

IT Hiring to Grow 10-12% in 6 Months: Report

November 27, 2024 16:00

IT services hiring in India is projected to increase by 10-12% in the next six months, driven by emerging technologies like AI, Deep Tech, and Quantum Computing. The report highlights the rising...

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...

Real Estate Sector Tops Problematic Ads in India: Report

November 26, 2024 17:36

The real estate sector was found to have the highest number of problematic advertisements in India during the first half of FY25, according to a new report by ASCI.

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...

ACME Solar Q2 Profit Drops 60%: Revenue Decline - PTI

November 25, 2024 17:58

ACME Solar Holdings reports over 60% fall in Q2 profit to Rs 15.29 crore due to lower revenues. Total income also declined. Read more on PTI.

India Workforce Growth: 7% Expected in H2, Driven by Logistics & E-commerce

November 25, 2024 16:59

A report forecasts 7.1% workforce growth in India during H2 FY25, driven by logistics, e-commerce, and manufacturing sectors. Cities like Coimbatore and Gurugram are emerging as job hubs.

India's Economy: Cautiously Optimistic Outlook - FinMin Report

November 25, 2024 15:52

India's economic outlook is 'cautiously optimistic' with a strong agricultural sector and rebounding economic activity. Read the latest report from the finance ministry.

India's GenAI Ecosystem Booms: 6x Growth in Q2FY25

November 25, 2024 14:49

India's Generative AI ecosystem witnessed a remarkable 6x growth in Q2FY25, driven by B2B and productivity solutions, while global funding declined. Read more about this surge in investments and...

850 IRS Officers Took VRS in Last 10 Years: MoS Finance

November 25, 2024 14:25

Over 850 IRS officers have taken VRS in the past decade, with 383 from Income Tax and 470 from Customs & Indirect Taxes. The MoS Finance also revealed gold seizures by Customs at Kerala airports.

IPO Boom: 10 Companies to Raise Rs 20,000 Cr in December

November 24, 2024 11:29

India's IPO market remains vibrant with 10 companies, including Vishal Mega Mart and Blackstone-owned Gemmological Institute, set to raise Rs 20,000 crore in December.

FPI Outflows Slow in November, But Concerns Remain

November 24, 2024 10:34

Foreign portfolio investors (FPIs) withdrew Rs 26,533 crore from Indian equities in November, down from October's record outflow. Concerns over valuations, China's stimulus, and corporate earnings...

Tractor Sales to Grow 8-10% This Festive Season: Escorts Kubota CFO

November 24, 2024 10:30

Tractor sales are expected to grow 8-10% during the festive season (September-November) driven by a good monsoon and a strong second half of the fiscal year. Escorts Kubota CFO Bharat Madan expects...

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.

India's Economic Growth May Slow in Q2, But No Downside Risk: DEA

November 20, 2024 17:34

India's economic growth may have slowed in Q2, but Economic Affairs Secretary Ajay Seth says there is no significant downside risk to the 6.5-7 per cent growth projection for FY25. Despite some...

Paper && Paperboard Imports Surge in FY25 | IPMA

November 20, 2024 15:53

Paper and paperboard imports rose 3.5% in Apr-Sep FY25, driven by China. IPMA highlights concerns over rising imports impacting domestic manufacturers.

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.

India's GDP Growth to Slip to 6.5% in Q2 FY25: Icra

November 20, 2024 13:07

Icra forecasts India's GDP growth to slow to 6.5% in Q2 FY25 due to heavy rains and weak corporate performance, but maintains FY25 estimate at 7%.

TAC Infosec Reaches 1,500 Clients, Targets Global Dominance

November 19, 2024 15:30

TAC Infosec, a cybersecurity firm, celebrates serving 1,500 clients across 74 countries. The company aims to double its client base and secure 3,000 clients by March 2025.

India Govt Addresses Steel Import Issues - Kumaraswamy

November 19, 2024 13:30

Union Steel Minister H D Kumaraswamy says the government is working to address concerns over rising steel imports, particularly from China and Vietnam. Domestic steel players have raised concerns...

Punit Goenka Resigns as Zee MD, Appointed CEO

November 19, 2024 00:13

Punit Goenka steps down as Managing Director of Zee Entertainment, assuming the role of CEO to focus on operational responsibilities. Mukund Galgali appointed Deputy CEO.

PTC Industries Q2 PAT Doubles to Rs 17 cr - Business News

November 18, 2024 18:54

PTC Industries' profit after tax (PAT) more than doubled to Rs 17.3 crore in the September 2024 quarter, driven by higher revenue. The company's total income increased by 34% to Rs 80.8 crore.

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...

SBI to Open 500 Branches, Network Reaches 23,000 by FY25: FM

November 18, 2024 15:18

Finance Minister Nirmala Sitharaman announced SBI will open 500 more branches by FY25, expanding its network to 23,000. The bank currently holds a 22.4% share in India's deposits and serves over 50...

Sensex, Nifty Decline: FPI Selling, IT Stocks Weigh on Markets

November 18, 2024 10:02

Indian equity benchmarks Sensex and Nifty declined in early trade due to FPI selling, weak IT stocks, and negative US market cues. Foreign investors have pulled out Rs 22,420 crore from the Indian...

Zee Entertainment Raises Targets for CEO Punit Goenka

November 17, 2024 23:08

Zee Entertainment's board has set higher performance targets for CEO Punit Goenka's re-appointment, including revenue, EBITDA goals, and dividend payouts.

Prestige Estates to Launch Rs 52,000 Cr Housing Projects by 2025

November 17, 2024 15:57

Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March 2025, driven by strong demand for residential properties. The company will launch projects in...

Marico: Double-Digit Growth Expected, Food Inflation to Moderate

November 17, 2024 13:25

FMCG major Marico anticipates double-digit revenue growth in H2 FY25 as food inflation is expected to moderate in the next two quarters, boosting urban consumption.

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.

Starlineups Enterprises Q2 Profit Surges Over 200%

November 16, 2024 18:48

Starlineups Enterprises reports a significant increase in Q2 profit driven by higher revenue, strategic investments, and acquisitions.

Shriram Properties Reports Q2 Net Loss of Rs 99 Lakh

November 15, 2024 16:58

Shriram Properties posted a net loss of Rs 99 lakh in Q2 FY25, a decline from the previous year's profit. The company attributes this to reduced launches in the sector. Despite the short-term...

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.

Sobha Ltd Q2 Profit Surges 75% to Rs 26.08 Crore

November 15, 2024 15:42

Sobha Ltd has reported a 75% increase in consolidated net profit for the September quarter, reaching Rs 26.08 crore. The company attributes the strong performance to continued operational strength...

Sterling Tools Profit Soars 40% in Q2 FY25

November 15, 2024 15:21

Sterling Tools Ltd, an electric vehicle component manufacturer, reported a 40% jump in profit after tax to Rs 17.5 crore in Q2 FY24, driven by strong growth in its SGEM business. Total income also...

Reliance Infrastructure Posts Rs 4,082.53 Cr Profit in Q2 FY25

November 14, 2024 22:12

Reliance Infrastructure reported a consolidated net profit of Rs 4,082.53 crore in the July-September quarter of 2024-25, driven by lower expenses and exceptional gains.

Narmada Agrobase Q2 Profit Jumps on Lower Costs

November 14, 2024 21:20

Narmada Agrobase Ltd reported a surge in Q2 profit to Rs 1.29 crore, driven by lower expenses. Revenue was Rs 10.24 crore, while expenses declined to Rs 8.51 crore.

Glenmark Pharma Q2 Profit at Rs 354.49 cr

November 14, 2024 20:15

Glenmark Pharmaceuticals reported a consolidated profit after tax of Rs 354.49 crore in the second quarter ended on September 30, 2024, a significant turnaround from the previous year's loss. The...

Vinsys IT Services Reports Rs 10.95 cr Profit in H1

November 14, 2024 19:06

Vinsys IT Services announced a profit after tax of Rs 10.95 crore for H1 FY25, a significant increase from the previous year. The company's revenue also grew by 16.3%, driven by overseas business...

SPIC Ltd Q2 FY25 Profit: Rs 48.39 cr - Business News

November 14, 2024 17:25

SPIC Ltd reports a profit before tax of Rs 48.39 crore in Q2 FY25, a decline from the previous year. The company highlights steady growth and operational strength despite economic challenges.

Crompton Greaves Q2 Profit Up 27% to Rs 128 Crore

November 14, 2024 16:59

Crompton Greaves Consumer Electricals Ltd reported a 27% rise in Q2 net profit to Rs 128 crore, driven by a 6.4% increase in revenue to Rs 1,896 crore. Revenue from electric consumer durables and...

Honasa Consumer Reports Q2 Loss, Sales Down 7%

November 14, 2024 16:39

Honasa Consumer, owner of Mamaearth and The Derma Co, reported a Q2 loss of Rs 18.57 crore due to inventory correction. Sales declined by 7% to Rs 461.8 crore.

Trom Industries Profit Doubles in H1 FY25 | Strong Order Inflow

November 14, 2024 16:18

Trom Industries, a solar EPC provider, has reported a more than two-fold jump in net profit for H1 FY25, driven by strong order inflow. The company's revenue also saw a significant increase.

Indian Economy Sailing Smoothly: RBI Governor Das

November 14, 2024 14:05

RBI Governor Shaktikanta Das says the Indian economy is sailing smoothly despite global headwinds. He highlights strong macroeconomic fundamentals and a resilient external sector. The article also...

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.

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...

TSI India to Acquire Tata Communications' TCPSL for Rs 330 cr

November 13, 2024 19:29

TSI India, a subsidiary of Findi, will acquire Tata Communications' subsidiary TCPSL for over Rs 330 crore, expanding its reach in India's payments market.

SKF India Q2 Profit Up 5% to Rs 94.32 cr

November 13, 2024 19:17

SKF India's standalone profit after tax rose 5% to Rs 94.32 crore in Q2 FY25, driven by revenue growth. The company's revenue from operations increased to Rs 1,244.23 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.

RCF Net Profit Jumps 55% to Rs 79 cr in Q2 FY25

November 13, 2024 18:41

State-owned fertiliser firm RCF Ltd reported a 55% surge in its net profit to Rs 78.96 crore in the September 2024 quarter, driven by increased revenue.

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...

Alpex Solar Profit Doubles in H1 FY25 | Rs 25 Cr

November 13, 2024 18:10

Alpex Solar's profit after tax surged to Rs 25.07 crore in H1 FY25, driven by strong revenue growth and new project wins. The company aims to become an integrated cell-to-solutions player in the...

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.

Indowind Energy Profit Down 11% in Q2 FY25

November 13, 2024 16:53

Indowind Energy's net profit fell 11% to Rs 4.41 crore in Q2 FY25, while revenue declined to Rs 13.45 crore. Read more.

Kalyan Jewellers Q2 PAT Dips 3.37% to Rs 130.3 cr

November 13, 2024 15:22

Kalyan Jewellers' Q2 PAT declined to Rs 130.32 cr, while revenue grew 37.39% to Rs 6,065.48 cr. The company attributed the dip to a one-time loss due to customs duty reduction.

Patel Engineering Q2 PAT Surges 95.05% to Rs 73.44 Cr

November 13, 2024 14:39

Patel Engineering's consolidated net profit after tax (PAT) rose by 95.05% to Rs 73.44 crore in Q2 FY25, driven by higher revenues and operational efficiency.

Infibeam Avenues Q2 Profit Up 5% to Rs 44 Crore

November 12, 2024 20:59

Infibeam Avenues, a payments-focused fintech, reported a 5% increase in its consolidated net profit to Rs 44 crore for the September quarter. The company's total income rose to Rs 949.34 crore from...

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.

String Metaverse Reports Rs 12 Crore Profit in H1 FY25

November 12, 2024 20:08

Hyderabad-based String Metaverse Ltd reported a profit after tax of Rs 12.13 crore in the first half of FY25, driven by its focus on Web3 gaming, AI, and blockchain technology.

Bombay Dyeing Q2 Profit: Rs 393 cr on Land Sale

November 12, 2024 19:35

Bombay Dyeing & Manufacturing Co Ltd reported a consolidated profit of Rs 393.02 crore in Q2 FY25, driven by gains from land sales. Revenue declined 13.61% to Rs 380.63 crore.

BSE Q2 Profit Soars 300% to Rs 346 Cr - Business News

November 12, 2024 19:00

BSE's net profit tripled to Rs 346 crore in Q2 FY25, driven by strong revenue growth. Equity cash and derivatives segments saw significant increases in turnover.

Eveready Industries Q2 Profit Up 16.2% to Rs 29.5cr

November 12, 2024 18:56

Eveready Industries India Ltd reported a 16.2% rise in consolidated net profit to Rs 29.56 crore for Q2 FY25. Revenue was marginally down, with strong growth in rechargeable flashlights and...

India Agri Exports to Hit $50 Billion in FY25: Rice Curb Lifting Boosts

November 12, 2024 17:20

India's agricultural exports are projected to surpass $50 billion in FY25 due to strong demand and the lifting of restrictions on non-basmati rice exports. The move is expected to significantly...

Dee Development Engineers Q2 Profit Jumps 125% to Rs 22.26 cr

November 12, 2024 17:07

Dee Development Engineers Ltd reported a 125% surge in consolidated profit to Rs 22.26 crore in Q2 FY24, driven by increased revenue and expansion plans.

PSBs Show Robust Growth in H1 FY25: FinMin

November 12, 2024 16:09

Public sector banks (PSBs) in India reported strong performance in H1 FY25, with 26% growth in net profit and 11% increase in business, according to the finance ministry.

Company Name
Price
Volume

Vodafone Idea L
8.08 (+ 4.39)
39988004

Srestha Finvest
0.68 ( -2.86)
26211392

G G Engineering
1.61 (+ 11.81)
18718624

GMR Airports
71.04 (+ 1.94)
17959158

GTL Infrastructure
1.87 (+ 3.89)
11839746

India Palm Oil Imports Slump, Soybean Oil Gains

India's palm oil imports dropped sharply in December as cheaper soybean oil from South...

RBI Must Cut Rates in Feb: Deutsche Bank

Deutsche Bank urges RBI to cut rates by 0.25% in February, warning delaying will hurt...

6-Ghz Spectrum Crucial for 5G, Avoids Crunch: COAI

COAI urges India to allocate 6-Ghz spectrum for 5G, warning of radio wave crunch if...

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