China has announced a reduction in export tax rebates for select aluminium, copper products, and other items, effective December 1. The rebate cuts, which drop from 13% to 9% for products such as aluminium pipes, plates, sheets, batteries, and photovoltaics, aim to address trade tensions and align with domestic priorities. This decision has pushed aluminium […]
Honasa Consumer, the parent company of Mamaearth, reported its first quarterly loss in five quarters, putting its shares in the spotlight for November 18. The company recorded a net loss of ₹19 crore for the July-September 2024 quarter, compared to a profit of ₹29 crore in the same period last year. Revenue fell 7% year-on-year
Honasa Consumer Posts First Loss in Five Quarters Read More »
PTC Industries reported a significant 112% jump in net profit for the July-September 2024 quarter, reaching ₹17.31 crore, compared to ₹8.14 crore in the same period last year. The company’s robust performance was supported by strong revenue growth and a boost in total income. Revenue from operations climbed 25.84% to ₹72.36 crore, up from ₹57.51
PTC Industries Q2 Profit Surges 112% to ₹17.31 Crore on Strong Revenue Growth Read More »
Trom Industries, a Gujarat-based solar projects EPC services provider listed on the NSE SME platform, posted a robust 109% rise in net profit to ₹4.13 crore for the April-September 2024 period. This marks a significant growth compared to ₹1.97 crore in the same period last year, driven by strong order inflows. The company reported a
Trom Industries Q2 Net Profit Doubles, Revenue Nearly Doubles Read More »
Narmada Agrobase Ltd reported a significant increase in net profit for the July-September quarter of FY25, supported by lower operating costs. The company posted a net profit of ₹1.29 crore, a notable rise from the same period last year. Revenue from operations stood at ₹10.24 crore, slightly down from ₹11.40 crore in Q2 FY24. However,
Narmada Agrobase Q2 Profit Jumps Amid Reduced Expenses Read More »
Nureca Ltd, a home healthcare and wellness company, has entered into a distribution agreement with Zepto, India’s quick-commerce platform known for 10-minute deliveries. Through this partnership, Nureca’s products, including healthcare and wellness devices, will now be available to Zepto’s growing customer base across India. While the partnership does not currently meet SEBI’s materiality thresholds, Nureca
Nureca Partners with Zepto for Distribution, Shares Gain 4% Read More »
The exchange-traded fund (ETF) market has hit a historic milestone in 2024, with net inflows exceeding $913 billion as of November, marking the largest annual inflows ever recorded. The previous record of $910 billion, set in 2021, has now been surpassed with a month still left in the year, as per Bloomberg Intelligence data. This
US ETFs Witness Record $913 Billion Inflows in 2024, Setting New Wall Street Milestone Read More »
Sky Gold Ltd reported a five-fold rise in its net profit for the September 2024 quarter, driven by robust revenue growth. The company’s net profit surged to ₹36.7 crore, up from ₹7.3 crore in the same period last fiscal. Total revenue almost doubled, rising by 94.2% year-on-year to ₹768.8 crore, compared to ₹396 crore in
Sky Gold Q2 Net Profit Jumps Five-Fold on Strong Sales Growth Read More »
Reliance Industries Ltd (RIL), Viacom18, and Disney have officially formed a joint venture (JV) for their entertainment businesses in India. The new entity merges the media and JioCinema segments of Viacom18 with Star India, creating a major player in Indian entertainment. The merger, effective as of November 14, received approvals from the NCLT Mumbai, the
Reliance and Disney Form Joint Venture for Indian Entertainment Market Read More »
Hindustan Aeronautics Ltd (HAL) reported a strong Q2 performance, with consolidated net profit rising 22.14% year-on-year to Rs 1,510.49 crore for the quarter ending September 2024. This compares to a net profit of Rs 1,236.67 crore in the same period last year. HAL’s total revenue increased by 6% to Rs 5,976.3 crore, up from Rs
HAL Q2 Net Profit Surges 22% to Rs 1,510 Crore, Stock Gains Over 2% Read More »
