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News Desk

Tamilnad Mercantile Bank Stock Surges Following Strong Q1 Results

Tamilnad Mercantile Bank Stock Surges Following Strong Q1 Results

Shares of Tamilnad Mercantile Bank (TMB) have jumped over 5 percent today, August 5, as investors got continued to cheer the bank’s stellar earnings posted for the fiscal first quarter. Net profit increased by 10 percent at Rs 287.29 crore, which was led by an increase in net interest income. This is its highest-ever net […]

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DEE Development Engineers Secures Rs 14 Crore in International Orders

DEE Development Engineers Secures Rs 14 Crore in International Orders

DEE Development Engineers announced on August 2 that it has secured two international orders totaling Rs 14 crore from Mitsubishi Heavy Industries, Japan, and GE Vernova International. These contracts involve the supply of pre-fabricated carbon and stainless-steel piping components, according to a regulatory filing by the company. The order from Mitsubishi Heavy Industries is valued

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Britannia Industries q1

Britannia Industries Sees Q1 Net Profit Surge by 14.5% to Rs 524 Crore

On August 2, Britannia Industries reported a significant increase in its consolidated net profit for the June quarter, reaching Rs 524 crore. This marks a 14.5 percent rise from Rs 458 crore in the same quarter of the previous financial year. The company’s revenue from operations also saw a growth of 4 percent, coming in

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Sebi to Launch Performance Validation Agency for Verifying Investment Return Claims

Sebi to Launch Performance Validation Agency for Verifying Investment Return Claims

The Securities and Exchange Board of India (Sebi) is set to introduce a Performance Validation Agency (PVA) to verify claims of market outperformance made by various investment intermediaries, Chairperson Madhabi Puri Buch announced on August 2. Speaking at a FICCI capital market conference in Mumbai, she praised the National Stock Exchange (NSE) for its pioneering

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Netweb Technologies

Promoters Likely Sell Stake in Netweb Tech, Shares Worth ₹459 Crore Traded in Block Deal

Shares of Netweb Technologies worth ₹459 crore were sold in a block deal on August 2, with four promoters likely being the sellers in the transaction. Approximately 20.5 lakh shares, representing a 3.64% stake in the company, changed hands on the exchanges. The deal was executed at an average price of ₹2,232 per share, implying

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GST Collections Surge in July, Reaching Third-Highest Level Ever

GST Collections Surge in July, Reaching Third-Highest Level Ever

India’s Goods and Services Tax (GST) collections saw a significant rebound in July, reaching ₹1.82 lakh crore. This marks the third-highest monthly level ever, with revenue growth recovering to 10.3% from a three-year low of 7.6% in June. Revenue from domestic transactions grew by 8.9%, slightly down from June’s 9.4%. However, taxes collected on imports

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zomato q1 result

Zomato Q1FY25 Results: Net Profit Soars to ₹253 Crore, Revenue Surges 74% to ₹4,206 Crore

Net profit has increased 126.5 times to ₹253 crore for the food aggregator in the April-June quarter, or Q1FY25, versus ₹2 crore in the comparable period of the previous year. This is the fifth consecutive quarter for the company to be in the black. “The revenue demonstrated a strong growth of 74% on a year-on-year

Zomato Q1FY25 Results: Net Profit Soars to ₹253 Crore, Revenue Surges 74% to ₹4,206 Crore Read More »

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