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Hatsun Agro Acquires Milk Mantra Dairy for ₹233 Crore to Expand in Eastern India

Hatsun Agro Acquires Milk Mantra Dairy for ₹233 Crore to Expand in Eastern India

/ Indian Market

Hatsun Agro, one of India’s largest private-sector dairy companies, has announced the acquisition of Milk Mantra Dairy for ₹233 crore. This move is part of Hatsun’s strategy to strengthen its presence in Odisha and Eastern India. Following the acquisition, Milk Mantra Dairy will become a wholly-owned subsidiary of Hatsun Agro. Milk Mantra Dairy products are […]

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Waaree Renewable Technologies Shares Jump 7% on New Wind Energy Deal

Waaree Renewable Technologies Shares Jump 7% on New Wind Energy Deal

/ Indian Market

Shares of Waaree Renewable Technologies surged 7% on January 20, reaching ₹1,118 apiece, following the receipt of a Letter of Intent (LOI) from a leading wind energy company. This development comes as a positive sign for the company, whose stock had dropped over 36% in the last three months, significantly underperforming the Nifty 50 index,

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Bitcoin Hits New Record High as US Prepares for Trump's Pro-Crypto Presidency

Bitcoin Hits New Record High as US Prepares for Trump’s Pro-Crypto Presidency

/ Global Market​​

Bitcoin surged to an all-time high of $109,241 as the United States gears up to inaugurate President-elect Donald Trump, known for his pro-crypto stance. The cryptocurrency rose by 5.5% on Monday, marking a fresh milestone in its upward trajectory. The rise in Bitcoin followed Trump and his wife Melania unveiling their own memecoins over the

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Kotak Mahindra Bank Q3FY25 Results: Net Profit Rises 10% YoY to Rs 4,701 Crore

Kotak Mahindra Bank Q3FY25 Results: Net Profit Rises 10% YoY to Rs 4,701 Crore

/ Indian Market

Kotak Mahindra Bank has posted a 10% year-on-year (YoY) rise in net profit to Rs 4,701 crore for the third quarter of FY25, up from Rs 4,265 crore in the same period last year. However, the net profit dropped by 7% sequentially compared to Rs 5,044 crore in the previous quarter. The bank’s financial performance

Kotak Mahindra Bank Q3FY25 Results: Net Profit Rises 10% YoY to Rs 4,701 Crore Read More »

SEBI Mandates Mutual Funds to Disclose Information Ratio for Equity Schemes

SEBI Mandates Mutual Funds to Disclose Information Ratio for Equity Schemes

/ Indian Market

The Securities and Exchange Board of India has instructed mutual fund houses to disclose a very important risk-adjusted return measure called the Information Ratio for equity-oriented schemes. The step shall help ensure that the investors get to have a more distinct view of the performance of any scheme by factoring in risk and return. SEBI,

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Paytm's Top Executives Pay Rs 3.32 Crore to Settle SEBI Norms Violations

Paytm’s Top Executives Pay Rs 3.32 Crore to Settle SEBI Norms Violations

/ Indian Market

The different promoters of One97 Communications, the parent company of Paytm, have collectively paid Rs 3.32 crore to settle allegations of violations raised by SEBI. The alleged violations are with respect to certain regulations of SEBI relating to LODR and ICDR. Executives include former compliance officer Amit Khera, ex-independent directors Ashit Ranjit Lilani, Neeraj Arora,

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Tech Mahindra Q3 Results: Net Profit Jumps 92% YoY to Rs 983 Crore; Revenue Rises 1.4%

Tech Mahindra Q3 Results: Net Profit Jumps 92% YoY to Rs 983 Crore; Revenue Rises 1.4%

/ Results

Tech Mahindra said it reported a 92.6% year-on-year growth in net profit at Rs 983 crore for the third quarter of FY25, overcoming seasonal variables such as holidays and furloughs in the IT sector. Sequentially, the profit went down by 21.36%, mainly on account of the fact that the previous quarter saw a one-time gain

Tech Mahindra Q3 Results: Net Profit Jumps 92% YoY to Rs 983 Crore; Revenue Rises 1.4% Read More »

Wipro Q3 Net Profit Up 4.5% QoQ to Rs 3,354 Crore, Margins Hit 3-Year High

Wipro Q3 Net Profit Up 4.5% QoQ to Rs 3,354 Crore, Margins Hit 3-Year High

/ Indian Market

Wipro reported a 4.5% quarter-on-quarter rise in consolidated net profit at Rs 3,354 crore for Q3 FY25, which was above market expectations. Revenue for the quarter was flat at Rs 22,319 crore, up marginally 0.1% sequentially. The consensus estimates had expected a 5% decline in net profit and revenue decline of 0.6%. The IT giant

Wipro Q3 Net Profit Up 4.5% QoQ to Rs 3,354 Crore, Margins Hit 3-Year High Read More »

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