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 […]
Tamilnad Mercantile Bank Stock Surges Following Strong Q1 Results Read More »
The 62-year-old Adani Group Chairman, Gautam Adani, plans to step down at 70 and pass on control of his sprawling business empire to his sons in the early 2030s. In an August 5 interview with Bloomberg News, Adani spoke for the first time about his strategy for succession, outlining how important business sustainability is through
Gautam Adani to Transition Leadership to Sons by Early 2030s Read More »
Ashish Chauhan, MD & CEO of NSE, revealed on Friday that only 30 pin codes in India have no investors. He noted, “There is a theory that countries with low per capita income cannot have good capital markets. But today, there are only around 30 pin codes, most of them airports, where people do not
Only 30 Indian Pin Codes Without Investors: NSE MD, CEO Ashish Chauhan Read More »
The country’s largest lender, State Bank of India, announced on August 3 that it had hiked its net profit by about 1 percent at Rs 17,035.16 crore for the first quarter of the current financial year, which saw a marginal rise from last year’s Q1 when its net profit stood at Rs 16,884 crore. Sequential
State Bank of India Q1 Results: Net Profit Rises 1% to Rs 17,035 Crore Read More »
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
DEE Development Engineers Secures Rs 14 Crore in International Orders Read More »
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
Britannia Industries Sees Q1 Net Profit Surge by 14.5% to Rs 524 Crore Read More »
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
Sebi to Launch Performance Validation Agency for Verifying Investment Return Claims Read More »
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
Promoters Likely Sell Stake in Netweb Tech, Shares Worth ₹459 Crore Traded in Block Deal Read More »
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
GST Collections Surge in July, Reaching Third-Highest Level Ever Read More »
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
