Shares of Manappuram Finance fell sharply by 15% on October 18, hitting the lower circuit at ₹150.73 on the NSE, following a directive from the Reserve Bank of India (RBI). The central bank has instructed Asirvad Micro Finance Limited, a key subsidiary of Manappuram Finance, to stop sanctioning or disbursing loans from the close of […]
DCW Ltd’s share price is set to be in the spotlight on October 18 as the company plans to invest ₹140 crore to expand its Chlorinated Polyvinyl Chloride (CPVC) production capacity. The investment will be funded through a combination of bank financing and internal accruals, with the goal of increasing production capacity from 20,000 metric
Godavari Biorefineries Ltd has set a price range of ₹334-352 per share for its upcoming ₹555-crore initial public offering (IPO), which will open for subscription on October 23 and close on October 25. The anchor investor bidding starts on October 22. The allotment will be finalized on October 28, with refunds and credit of shares
Godavari Biorefineries Sets IPO Price Band at ₹334-352 per Share; Launches on October 23 Read More »
China’s economy grew by 4.6% in the third quarter of 2024 compared to the same period last year, according to official data released on Friday. The growth rate slightly surpassed analysts’ expectations of 4.5% but showed a slowdown from the 4.7% expansion in the previous quarter. The third-quarter figures come as the government ramps up
China’s Q3 GDP Grows 4.6%, Exceeds Expectations Amid Economic Stimulus Push Read More »
Axis Bank posted an 18% year-on-year increase in net profit for Q2 FY25, amounting to ₹6,918 crore, up from ₹5,864 crore in the corresponding period last year. The rise was supported by higher core lending income, reflecting strong credit demand during the quarter. The private lender’s net interest income grew nearly 10% to ₹13,533 crore,
Axis Bank Q2 FY25 Results: Net Profit Climbs 18% YoY to ₹6,918 Crore Read More »
Wipro announced a 21% rise in net profit for Q2 FY25, reaching ₹3,209 crore, compared to ₹2,646 crore in the same quarter last year. The IT services giant also declared a 1:1 bonus share issue, rewarding shareholders amid a challenging market environment. Revenue for the July-September quarter declined slightly by 1% year-on-year to ₹22,302 crore,
Wipro Q2 FY25 Results: Net Profit Surges 21% to ₹3,209 Crore; 1:1 Bonus Share Announced Read More »
Infosys reported a 2.2% increase in net profit for Q2 FY25, reaching ₹6,506 crore, up from ₹6,368 crore in the previous quarter. The company’s revenue for the July-September period grew by 4.2% sequentially to ₹40,986 crore. Despite the growth, the results fell short of market expectations, with a Moneycontrol poll predicting net profit at ₹6,769
Infosys Q2 FY25 Results: Net Profit Rises to ₹6,506 Crore, Misses Estimates Read More »
Nestlé India’s net profit for Q2 FY25 dropped slightly to ₹899 crore from ₹908 crore a year ago. Revenue increased by 1.3% to ₹5,104 crore, compared to ₹5,037 crore in the same period last year. The company faced high commodity prices, particularly in coffee and cocoa, impacting key brands. Despite this, five of the top
Nestlé India Q2 FY25 Results: Net Profit Dips to ₹899 Crore, Revenue Up 1.3% Read More »
Hyundai Motor India Ltd’s (HMIL) Rs 27,870 crore initial public offering (IPO) saw a twofold subscription on its last day of bidding, Thursday. As of 2 PM, NSE data showed bids for 19.96 crore shares against 9.98 crore shares on offer. The Qualified Institutional Buyers (QIBs) category drove demand, with 5.93 times subscription, while Retail
Akums Drugs and Pharmaceuticals announced on Wednesday that it has signed a licensing agreement with Canada-based Triple Hair Inc. Under the agreement, Akums has been granted exclusive rights to further develop and market Triple Hair’s recently innovated products in India. The company will then go ahead with development and commercialization upon receipt of the required
