Afcons Infrastructure, a Shapoorji Pallonji Group-owned engineering and construction company, has filed a Red Herring Prospectus (RHP) with the Registrar of Companies for an initial public offering (IPO) worth ₹5,430 crore. The IPO will be open for subscription from October 25 to October 29. The price band for the offering will be disclosed next week. […]
HDFC Bank, India’s largest private sector lender, reported a 5% year-on-year increase in net profit for the second quarter of fiscal year 2025, reaching ₹16,821 crore, surpassing market expectations. Analysts from seven brokerages had projected the bank’s Q2 net profit to be around ₹16,570 crore. The stronger-than-anticipated earnings were driven by robust growth in net
Kotak Mahindra Bank reported a net profit of ₹3,344 crore for the second quarter of fiscal year 2025, reflecting a 4.8% increase from the same period last year. This growth was supported by a steady expansion in the bank’s net interest income, which rose to ₹7,019.3 crore. The quarter’s results came amid a challenging macroeconomic
Kotak Mahindra Bank Q2 Results: Net Profit Rises 4.8% to ₹3,344 Crore, Margins Stable Read More »
Tech Mahindra reported an impressive 153.1% year-on-year increase in net profit for the second quarter of FY25, reaching ₹1,250 crore, well above market expectations. This marked a 46.8% sequential growth as the company continues its business restructuring under the leadership of new CEO and Managing Director Mohit Joshi. The company’s consolidated revenue for the quarter
Defense equipment manufacturer SMPP Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise ₹4,000 crore through an initial public offering (IPO). The offering includes a fresh issue of ₹580 crore and an offer for sale of up to ₹3,420 crore by promoter Shiv Chand Kansal,
RBL Bank reported a 24.3% year-on-year decline in net profit to ₹222.52 crore for the second quarter of FY25, with a sharp sequential drop of 40.1%. The bank’s gross non-performing asset (NPA) ratio increased to 2.88% as of September 30, 2024, compared to 2.69% in the previous quarter and 3.12% a year earlier. Net NPA
RBL Bank Q2 FY25 Profit Drops 24% YoY to ₹222.52 Crore, Asset Quality Weakens Read More »
PG Electroplast’s board has approved raising up to ₹1,500 crore through Qualified Institutional Placement (QIP) in a meeting on October 19. The board also approved the draft notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for the QIP issuance through a special resolution. The proposed QIP of ₹1,500 crores is in compliance
Tata Communications is gearing up to launch trials for its AI Cloud platform, developed in partnership with Nvidia, by the end of the year, while actively engaging with enterprise customers to secure initial deals. Managing Director and CEO AS Lakshminarayanan revealed that interest is already emerging from sectors like manufacturing and retail, with cautious exploration
Shares of Zee Entertainment Enterprises Ltd (ZEEL) jumped 5.26% to ₹132.37 on the NSE by 3:02 PM on October 18, following the release of the company’s Q2 FY25 results. The stock saw an opening price of ₹125.00, hitting an intraday high of ₹132.97 and a low of ₹124.92 during the trading session. Stock Performance Overview:
Zee Entertainment Shares Surge Over 5% Following Q2 FY25 Results Announcement Read More »
Shares of Mazagon Dock Shipbuilders jumped over 5% on October 18 after the company announced plans to discuss a stock split and interim dividend at its board meeting scheduled for October 22. The state-run defense firm’s stock surged to a day’s high of ₹4,460 on the NSE, and was trading at ₹4,430, up 4.54%, by
Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22 Read More »
