Author name: Lisl News Desk

News Desk

Union Budget 2025: FDI Limit in Insurance Sector Increased to 100%

Union Budget 2025: FDI Limit in Insurance Sector Increased to 100%

/ Budget News​ /

Finance Minister Nirmala Sitharaman has announced a major reform in the insurance sector by raising the foreign direct investment (FDI) limit from 74% to 100%. The enhanced FDI cap will apply to insurers that invest the entire premium collected within India. This move is aimed at attracting more foreign capital, boosting competition, and enhancing financial […]

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Union Budget 2025: Sidbi Fund of Funds Expanded to Rs 20,000 Crore to Boost Startup Financing

Union Budget 2025: Sidbi Fund of Funds Expanded to Rs 20,000 Crore to Boost Startup Financing

/ Budget News​ /

Finance Minister Nirmala Sitharaman has announced an expansion of the Small Industries Development Bank of India (Sidbi) Fund of Funds for Startups (FFS), with an additional allocation of Rs 10,000 crore. This increases the scheme’s total outlay to Rs 20,000 crore. The FFS, started in 2016 under Startup India, doesn’t make investments in startups but

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Adani Enterprises Q3 Net Profit Drops Sharply to Rs 58 Crore, Shares Fall 4%

Adani Enterprises Q3 Net Profit Drops Sharply to Rs 58 Crore, Shares Fall 4%

/ Results /

Adani Enterprises reported a steep decline in net profit, which fell to Rs 58 crore for the December quarter of FY25, compared to Rs 1,888 crore in the same period last year. The drop was attributed to weaker performance in its coal trading division. The company’s revenue declined 9% year-on-year to Rs 22,848 crore, down

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Ambuja Cement Reports 242% Surge in Q3 Profit, But Shares Drop 5%

Ambuja Cement Reports 242% Surge in Q3 Profit, But Shares Drop 5%

/ Results /

Ambuja Cements, owned by the Adani Group, posted a remarkable 242% jump in standalone net profit to Rs 1,758 crore for the December quarter of FY25, compared to Rs 514 crore in the same period last year. Despite strong volume growth of 17% year-on-year, the stock tumbled in trade on January 30, reflecting investor concerns

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Hitachi Energy Shares Hit 20% Upper Circuit After Strong Q3 Results

Hitachi Energy Shares Hit 20% Upper Circuit After Strong Q3 Results

/ Indian Market /

Shares of Hitachi Energy India surged 20% on January 20 following its impressive December quarter results. At 10:20 am, the stock was locked at Rs 12,158 per share, hitting the upper circuit. The company’s market capitalization stood at Rs 51,527 crore, with a 52-week range of Rs 5,637 to Rs 16,550. The sequential and YoY

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Solar Industries, MIL Secure Rs 10,000 Crore Pinaka Order, CCS Clears Deal

Solar Industries, MIL Secure Rs 10,000 Crore Pinaka Order, CCS Clears Deal

/ Indian Market /

The Cabinet Committee on Security (CCS) has approved a Rs 10,000 crore procurement deal for the Pinaka rocket launcher system, with Solar Industries and Munitions India Limited (MIL) selected as key manufacturers, according to a report by ANI citing defence sources. The Pinaka launchers will enhance artillery capabilities of the Indian Army, particularly in high-altitude

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Adani Power Posts 7.4% Rise in Q3 Net Profit at Rs 2,940 Crore, Plans Rs 5,000-Crore QIP

Adani Power Posts 7.4% Rise in Q3 Net Profit at Rs 2,940 Crore, Plans Rs 5,000-Crore QIP

/ Indian Market /

Adani Power Ltd reported a 7.4% increase in net profit for the third quarter of FY25, reaching Rs 2,940.07 crore, compared to Rs 2,737.96 crore in the same period last year. The company’s profit, however, was lower than the Rs 3,297.52 crore reported in the previous quarter. Following the earnings announcement, shares of Adani Power

Adani Power Posts 7.4% Rise in Q3 Net Profit at Rs 2,940 Crore, Plans Rs 5,000-Crore QIP Read More »

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