Shares of Patel Engineering (PEL) traded marginally lower in early trade on February 18, despite the company being declared the lowest bidder (L1) for a project worth ₹1,090.45 crore. At 9:23, shares of Patel Engineering fell 0.31%, down by ₹0.14, and traded at ₹44.38 on the BSE. The contract has been awarded by the Maharashtra […]
Patel Engineering Shares Dip Slightly After Winning ₹1,090 Crore Project Bid Read More »
Shares of Borosil Renewables were locked lower by 5 percent on 17 February after its wider quarter-ended December quarter loss announcement. The company’s net loss surged to ₹30 crore, compared to its loss of ₹15.90 crore reported by it within the same quarter of last year. The company’s bottom-line was impacted by rising input costs,
Borosil Renewables Shares Hit 5% Lower Circuit as Q3 Losses Deepen Read More »
Dubai-based low-cost carrier FlyDubai is considering its foray into India’s domestic aviation market through Busy Bee Airways, which is negotiating to acquire bankrupt carrier Go First. According to reports, Busy Bee has contacted Go First’s Committee of Creditors (CoC) to acquire its flying licence, trademarks, and airport slots. Busy Bee is not, though, seeking Go
The Indian stock market continued its losing streak for the ninth consecutive session on February 17, as Nifty 50 and Sensex opened in the red. Weak global cues, heavy selling by foreign institutional investors (FIIs), a falling rupee, and the imposition of US reciprocal tariffs on Indian exports have dampened investor sentiment, leading to sharp
The US executive order on retaliatory tariffs is likely to impact major economies that trade with the country and have high trade deficits with it. A Moneycontrol analysis of UN COMTRADE data shows that some countries will be hit harder as the US tries to reduce its $1.3 trillion trade deficit in 2024. Key Deficit
US Trade Deficit and Impact of Reciprocal Tariffs on Key Countries Read More »
Hindustan Aeronautics Ltd (HAL) has posted a 14% rise in consolidated net profit at ₹1,440 crore for the quarter ended December 31, 2024. The defence PSU had posted a net profit of ₹1,261 crore in the corresponding quarter of the previous year. The company’s operational revenue increased 15% to ₹6,957 crore in Q3 FY25, compared
HAL Q3 Net Profit Jumps 14% to ₹1,440 Crore, Announces ₹25 Dividend Read More »
There will be no changes in short-term capital gains (STCG) and long-term capital gains (LTCG) in the upcoming Income Tax Bill, according to a report by CNBC-Awaaz on February 12. The Central Board of Direct Taxes (CBDT) had formed an internal committee to examine the Income Tax Act for simplifying the law, reducing disputes, and
No Change in STCG and LTCG Tax Rates in New Income Tax Bill: CNBC-Awaaz Report Read More »
TVS Motor has signed an agreement with the Karnataka government to invest ₹2,000 crore over the next five years. The investment will be used to establish a Global Capability Centre (GCC) in Karnataka and expand its existing operations in Mysuru. A GCC is a specialized unit that manages IT and business functions of an organization.
TVS Motor to Invest ₹2,000 Crore in Karnataka, Set Up Global Capability Centre Read More »
Ken Enterprises made a weak stock market debut on February 12, listing at a discount of 9.57 percent to its issue price on the NSE Emerge platform. The Maharashtra-based textile company that provides design-to-delivery solutions for fabrics started trading at ₹85 a share, compared to its IPO price of ₹94 a share. The company, which
Ken Enterprises Shares List at Discount on NSE Emerge, Fall 10% Below IPO Price Read More »
Indian Railway Catering and Tourism Corporation (IRCTC) has posted a 13.7 percent year-on-year increase in consolidated net profit for the third quarter of FY25, at ₹341 crore. The company had posted a net profit of ₹300 crore in the same quarter of the previous fiscal. Operating revenue of the group rose by 10 percent, reflecting
IRCTC Q3 Net Profit Rises 14% to ₹341 Crore, Revenue Grows 10% Read More »
