Paytm, operated by One 97 Communications Ltd, reported a wider net loss of Rs 839 crore for the first quarter of FY25, compared to Rs 357 crore in the same period last year. The company’s revenue from operations fell by 36% to Rs 1,502 crore from Rs 2,342 crore a year ago, primarily due to […]
Paytm Reports Increased Net Loss and Decline in Revenue for Q1FY25 Read More »
Infosys share price is expected to increase on Friday after its American Depository Receipts (ADRs) surged over 8% following the announcement of its Q1 results. Infosys ADRs experienced their biggest single-day jump in four years on the New York Stock Exchange (NYSE) on Thursday, closing 8.38% higher at $22.50 after the company surpassed its revenue
Infosys ADRs Surge Over 8% Following Strong Q1 Financial Performance, Share in Focus Read More »
Shares of Mahanagar Telephone Nigam Limited (MTNL) surged by 20% to hit the upper circuit, reaching a multi-year high of Rs 64.08 on the NSE. This significant increase follows the government’s deposit of Rs 92 crore to cover the immediate bond interest dues for the state-owned telecom company. On July 11, MTNL announced it lacked
MTNL Shares Soars 20% as Government Pays Rs 92 Crore in Bond Interest Read More »
Bajaj Auto, a major player in the two-wheeler market, reported a consolidated net profit of Rs 1,942 crore for the quarter ending June 30, 2024. This marks an 18% increase from the Rs 1,644 crore reported during the same period last year. The company’s revenue from operations for this quarter rose to Rs 11,932 crore,
Bajaj Auto Q1 Results: Net Profit Jumps 18% to Rs 1,942 Crore, Revenue Grows 16% Read More »
The Uttar Pradesh government has announced an extension of its electric vehicle (EV) subsidy policy until 2027, as stated in an official notification on July 16. Under this policy, buyers of electric two-wheelers will receive a subsidy of Rs 5,000, while those purchasing electric four-wheelers will be eligible for a subsidy of Rs 1 lakh.
UP Government Extends Electric Vehicle Subsidy Policy Until 2027 Read More »
In the first quarter of the fiscal year 2025, HDFC Life Insurance reported a net profit of Rs 479 crore, marking a 15% increase compared to the same period last year. This growth was driven by a substantial rise in both first-year and renewal premiums. The net profit figures aligned with market expectations, as a
Tanla Platforms saw its stock surge by over 10% after announcing a partnership with a leading global tech company to fight scams on messaging platforms. Tanla’s AI-driven anti-phishing solution, Wisely ATP, will identify fraudulent phone numbers and suspicious URLs to alert WhatsApp about potential scams. The details of the deal remain confidential, but media reports
Tanla Platforms Shares Soar 10% on Anti-Scam Deal with Global Tech Giant Read More »
Avenue Supermarts Ltd., the operator of the popular retail chain DMart, has reported its consolidated profits for the quarter ending June 2024. Profits surged to Rs 774 crore from Rs 659 crore in the same period last year, showing a healthy growth of 17.5% year-on-year. Additionally, the revenue grew by 18.6% YoY to stand at
DMart’s Q1 Profits Surge by 17.5% to Rs 774 Crore, Revenue Climbs 18.6% Read More »
Adani Wilmar Ltd, a major player in the edible oil sector, is set to acquire a 67% stake in Omkar Chemicals Industries for Rs 56 crore. Adani Wilmar, a joint venture of the Adani Group and Singapore’s Wilmar Group, is one of India’s largest FMCG companies. They offer a wide range of kitchen essentials such
Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore Read More »
Cyient Ltd on Friday said it has opened its new wholly-owned unit dedicated to the semiconductor business, targeting a strategic initiative to strengthen its hand in this segment amid global competitors. The focused initiative is on application-specific integrated circuit (ASIC) turnkey design and manufacturing and will function on a completely fabless model. Krishna Bodanapu, vice
Cyient Launches New Semiconductor Subsidiary Read More »
