L&T Finance has announced its entry into the gold loan segment with the acquisition of Paul Merchants Finance Pvt. Ltd.’s (PMFL) gold loan business. The company will pay ₹537 crore in an all-cash deal, with certain adjustments before the final closing. The transaction is expected to be completed by the second quarter of FY26, subject […]
Quality Power Electrical Equipments Ltd. has announced that its initial public offering (IPO) will open for subscription on February 14. The company, which provides high-voltage electrical equipment and solutions, filed its red herring prospectus with the Registrar of Companies on February 6. The issue price band will be revealed later in the week. Anchor bidding
Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore Read More »
The Reserve Bank of India (RBI) has lowered the repo rate by 25 basis points to 6.25%, marking its first rate cut in five years. The decision was taken by the six-member Monetary Policy Committee (MPC) after keeping the rate unchanged for the past two years. The last time the RBI reduced the repo rate
RBI Cuts Repo Rate by 25 Basis Points to 6.25%, First Reduction in 5 Years Read More »
Trent Ltd, the parent company of Zudio and Westside, reported a 34% year-on-year increase in net profit for the third quarter of FY25, reaching ₹496.54 crore. This is in line with market expectations, as a Moneycontrol poll had estimated the company’s net profit at ₹505 crore. In the same quarter last year, Trent had reported
Trent Q3 Net Profit Rises 34% to ₹497 Crore, Shares Fall 7% Post Results Read More »
Shares of Zinka Logistics Solutions Ltd. remained locked in the 5% upper circuit for the second consecutive session on February 6, with only buyers in the trade and no sellers. The stock has been on an upward trend despite the company reporting a widened net loss of ₹48 crore in Q3 FY25, compared to ₹19.5
Zinka Logistics Stock Hits Upper Circuit; BlackBuck Jumps 40% in 8 Sessions Read More »
Hexaware Technologies Ltd has announced a price band of ₹674-708 per share for its upcoming initial public offering (IPO), which will open for subscription on February 12 and close on February 14. The anchor investor bidding will take place on February 11, while the share allotment is scheduled for February 17. Refunds and credit of
Zinka Logistics Solutions reported a net loss of ₹48 crore for the third quarter ending December 31, 2024, widening from ₹19.5 crore in the same period last year. However, the company showed improvement on a sequential basis, as it had reported a much larger loss of ₹269 crore in the July-September quarter of this fiscal.
Zinka Logistics Q3 Loss Widens to ₹48 Crore, Revenue Jumps 41% Read More »
The board of Info Edge has approved a stock split in the ratio of 1:5 to enhance liquidity and attract more retail investors. The announcement was made through an exchange filing on February 5. Following the news, the company’s shares gained over 2.5% by 11:50 AM. As per the approved split ratio, each existing equity
Info Edge Approves 1:5 Stock Split, Shares Rise Over 2.5% Read More »
Zydus Lifesciences reported a strong performance for the third quarter of the financial year 2024-25, with its consolidated net profit rising 30% year-on-year to ₹1,023 crore. The company had posted a net profit of ₹789 crore in the same quarter last year. Revenue from operations saw a 17% growth, reaching ₹5,269 crore in Q3 FY25,
Zydus Lifesciences Q3 Profit Rises 30% to ₹1,023 Crore, Revenue Jumps 17% Read More »
ITC Hotels Ltd will be delisted from 30-share BSE Sensex, and 22 other indices of BSE, with its deletion effective February 5, 2025, at trading opening, in view of its recently completed demerger with ITC Ltd., for a re-alignment in a variety of stock indices. According to an official statement, ITC Hotels’ delisting was triggered
ITC Hotels Removed from Sensex and Other BSE Indices Following Demerger Read More »
