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News Desk

Waaree Energies Reports 15% Profit Growth in Q2FY25, Plans ₹600 Crore Investment in Subsidiaries

Waaree Energies Reports 15% Profit Growth in Q2FY25, Plans ₹600 Crore Investment in Subsidiaries

Waaree Energies reported a 14.77% YoY rise in net profit at ₹361.65 crore for the three months ended September of FY25 as compared to ₹315.09 crore for the corresponding period a year ago. However, net profit of the company declined sequentially from ₹394.14 crore in Q1FY25. Revenue Highlights The company’s revenue from operations was largely […]

Waaree Energies Reports 15% Profit Growth in Q2FY25, Plans ₹600 Crore Investment in Subsidiaries Read More »

India Poised to Surpass Japan in Nominal GDP Rankings by 2025

India Poised to Surpass Japan in Nominal GDP Rankings by 2025

India is on track to overtake Japan in nominal Gross Domestic Product (GDP) rankings, driven by sustained economic growth and a stable currency, while Japan faces stagnation and a weakening yen. Key Predictions: Current Scenario: In 2023, India’s GDP stood at $3.55 trillion, while Japan’s was $4.22 trillion, according to World Bank data. The IMF

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Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge

Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge

Shares of Muthoot Finance surged nearly 8% on November 18, driven by robust quarterly performance, a significant milestone of crossing ₹1 lakh crore in Assets Under Management (AUM), and strong growth in gold loans. The demand for gold loans has picked up, partly due to the Reserve Bank of India’s (RBI) tightened regulations on unsecured

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Crompton Greaves Shares Rise 7% on Strong Q2 Earnings Growth

Crompton Greaves Shares Rise 7% on Strong Q2 Earnings Growth

Shares of Crompton Greaves Consumer Electrical surged 7% after the company reported a strong financial performance for the July-September quarter of FY25. At 1:40 PM, the stock was trading 4% higher at ₹385. On a year-to-date basis, Crompton Greaves shares have gained 23%, outperforming the Nifty 50 index, which has risen by 8% during the

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Man Infra Shares Rise as Firm Focuses on Mumbai Luxury Segment; Q2 Revenue Up 7%

Man Infra Shares Rise as Firm Focuses on Mumbai Luxury Segment; Q2 Revenue Up 7%

Man Infraconstruction Ltd (MICL) reported a 7% increase in revenue to ₹230.32 crore for the September 2024 quarter, driven by strong growth in its real estate segment. The company’s real estate revenue surged 65.71% YoY to ₹154.74 crore. However, higher expenses, which climbed to ₹207 crore from ₹159 crore in the same period last year,

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China Slashes Export Tax Rebates on Aluminium, Copper Products; Indian Metal Stocks React

China Slashes Export Tax Rebates on Aluminium, Copper Products; Indian Metal Stocks React

China has announced a reduction in export tax rebates for select aluminium, copper products, and other items, effective December 1. The rebate cuts, which drop from 13% to 9% for products such as aluminium pipes, plates, sheets, batteries, and photovoltaics, aim to address trade tensions and align with domestic priorities. This decision has pushed aluminium

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PTC Industries Q2 Profit Surges 112% to ₹17.31 Crore on Strong Revenue Growth

PTC Industries Q2 Profit Surges 112% to ₹17.31 Crore on Strong Revenue Growth

PTC Industries reported a significant 112% jump in net profit for the July-September 2024 quarter, reaching ₹17.31 crore, compared to ₹8.14 crore in the same period last year. The company’s robust performance was supported by strong revenue growth and a boost in total income. Revenue from operations climbed 25.84% to ₹72.36 crore, up from ₹57.51

PTC Industries Q2 Profit Surges 112% to ₹17.31 Crore on Strong Revenue Growth Read More »

Trom Industries Q2 Net Profit Doubles, Revenue Nearly Doubles

Trom Industries Q2 Net Profit Doubles, Revenue Nearly Doubles

Trom Industries, a Gujarat-based solar projects EPC services provider listed on the NSE SME platform, posted a robust 109% rise in net profit to ₹4.13 crore for the April-September 2024 period. This marks a significant growth compared to ₹1.97 crore in the same period last year, driven by strong order inflows. The company reported a

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