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News Desk

TCS Quarterly result

TCS Q1 Results: Net Profit Rises 9% to Rs 12,040 Crore; Rs 10 Dividend Announced

/ Results

Tata Consultancy Services (TCS), India’s largest IT company, announced its financial results for the first quarter of FY25, aligning with market expectations. The company’s consolidated net profit rose by 9% year-on-year to Rs 12,040 crore for the April-June period. TCS’s revenue from operations also saw a year-on-year increase of 5.4%, reaching Rs 62,613 crore. Market […]

TCS Q1 Results: Net Profit Rises 9% to Rs 12,040 Crore; Rs 10 Dividend Announced Read More »

NELCO’s Q1 Financial Performance Disappoints, Stock Drops by 4%

/ Results

NELCO Ltd., a subsidiary of Tata Power Company Ltd., reported lower-than-expected financial results for the first quarter of FY25, leading to a significant drop in its stock price. The company’s net profit for the quarter fell by 20.4 percent year-on-year to Rs 4.6 crore, while revenue from operations decreased by 6 percent to Rs 74.1

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Data Patterns DRDO

Data Patterns Rise 6% on DRDO Project Approval; Six Other Winners Announced

/ Indian Market, Must Read

Data Patterns (India) saw its shares surge by over 6% following the Defence Research & Development Organisation (DRDO) sanctioning a new project under the Technology Development Fund (TDF) scheme. The Chennai-based company has been tasked with developing a Radar Signal Processor. DRDO has awarded a total of seven projects focused on the aerospace and defense

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SBI Raises Rs 10,000 Crore

SBI Raises Rs 10,000 Crore at 7.36% Coupon Through 15-Year Infra Bonds

/ Indian Market, Must Read

The State Bank of India (SBI), the country’s largest lender, has successfully raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 percent, the bank announced on Wednesday. This marks SBI’s sixth infrastructure bond issuance in recent months. The latest issue brings SBI’s total outstanding long-term bonds to Rs 59,718 crore.

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canada plan to sell delhivery

Canada Pension Plan Investment Board Likely to Sell Entire Stake in Delhivery

/ Global Market​​

MUMBAI, July 9, 2024 – The Canada Pension Plan Investment Board (CPPIB) plans to sell its entire 3.18% stake in the logistics company Delhivery through block deals on July 10, as reported by CNBC-TV18. Sources indicate that the block deal will be valued at approximately Rs 886 crore. Shares will be offered in the price

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RVNL Contract

RVNL Wins ₹202.87-Crore South Eastern Railway Project

/ Indian Market, Must Read

State-owned Rail Vikas Nigam Ltd (RVNL) has clinched a significant contract worth ₹202.87 crore from the South Eastern Railway. The project, announced on July 9, involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2x25KV system along the Kharagpur-Bhadrak section of

RVNL Wins ₹202.87-Crore South Eastern Railway Project Read More »

RPP Infra Project

RPP Infra Projects Secures ₹310 Crore in Orders, Shares Surge 11%

/ Indian Market

Shares of RPP Infra Projects Ltd. soared by as much as 11% on Tuesday following the announcement of new order wins totalling ₹310 crore. The company received a Letter of Acceptance for the construction of a new district jail in Hapur, Uttar Pradesh, under an Engineering, Procurement, and Construction (EPC) model. This project is valued

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