InterGlobe Aviation, operator of IndiGo, India’s biggest airline, posted a net profit of ₹2,736 crore for the quarter ended June 2024, down 11.5% from ₹3,090.6 crore in the June quarter last year. The fall in profit was due to higher fuel costs, even as revenue rose significantly. IndiGo’s revenue from operations rose by 17.3% to […]
IndiGo Q1 Net Profit Drops 11.5% to ₹2,736 Cr on Rise in Fuel Costs Read More »
According to sources in the know, Bhavish Aggarwal-led Ola Electric will launch the anchor book for its much-anticipated IPO on August 1, and the public issue is likely to open between August 2 and August 6. Listing is likely by August 9, which may make Ola Electric the first Indian EV two wheeler company to
Ola Electric IPO to Launch Anchor Book on August 1; Public Issue Expected August 2-6 Read More »
Sanstar’s initial public offering (IPO) made a strong debut on the National Stock Exchange (NSE), listing at ₹109 per share, a 14.7% premium over its issue price of ₹95. The IPO, which closed on July 23, was a book-built issue totalling ₹510.15 crores, comprising a fresh issue of 4.18 crore shares worth ₹397.10 crore and
Sanstar IPO Debuts on NSE with 14.7% Premium Over Issue Price Read More »
State-owned Canara Bank on Monday posted a net profit of ₹3,905.28 crore in the first quarter of the current financial year, up about 10.5% from ₹3,534 crore in the same quarter a year ago. The profit also rose by 4.0% sequentially over the previous quarter. Asset Quality: The asset quality of Canara Bank has improved,
Canara Bank Q1 Net Profit Rises 11 Per Cent to ₹3,905 Crore Read More »
Nvidia, the leading AI chip manufacturer, has commenced the delivery of its newest AI chips, including the GH200 AI, to major Indian partners like Tata Communications and Jio Platforms. These companies are leveraging advanced technology to build AI-cloud infrastructure across India. Vishal Dhupar, Nvidia’s managing director for South Asia, confirmed the ongoing deployment, stating, “Yes,
Nvidia Delivers Latest AI Chips to Indian Partners for AI Cloud Infrastructure Read More »
Nestle India reported a 6.9% year-on-year increase in net profit for the first quarter of fiscal year 2025, reaching ₹746.6 crore compared to ₹698.3 crore in the same period last year. This figure fell short of market expectations, as a Moneycontrol poll of eight brokerages had projected a net profit of ₹798 crore. The FMCG
Nestle India Q1 Results Net Profit Rises 7% to ₹747 Crore; Shares Decline Read More »
A recent report by the Securities and Exchange Board of India (SEBI) has revealed a troubling trend in retail intraday equity trading, where 71% of individual traders incurred losses during FY23. This marks an increase from 65% in FY19 and 69% in FY22. The data shows that the frequency of trading is a critical factor,
SEBI Report: 71% of Retail Traders Face Losses in Intraday Equity Trading Read More »
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Intraday Trading Trends in India: Key Insights and Statistics Read More »
Axis Bank posted a net profit of ₹6,035 crore for the first quarter of fiscal year 2025, compared with ₹3,452 crore in the corresponding period last year. On top of that, this income statement had been standing higher compared to the expectations of eight brokerages, which estimated a net profit of ₹5,797 crore. Sequentially, though,
Axis Bank Q1 Net Profit spurts to ₹6,035 crore Read More »
Petronet LNG Limited reported a consolidated net profit of ₹1,100.76 crore for the first quarter of the financial year 2024-25, marking a 34% increase compared to ₹819.28 crore in the same period last year. The significant profit growth was also reflected in a nearly 50% rise from the previous quarter’s ₹734.07 crore. The company’s revenue
Petronet LNG Q1 Net Profit Surges 34% to ₹1,100 Crore, Revenue Climbs Read More »
