Shares of Firstsource Solutions surged 10% to Rs 344 on October 23 following the company’s announcement to develop a domain-specific large language model (LLM) tailored for the U.S. mortgage sector. The LLM will be part of its Firstsource relAI suite, designed to enhance the company’s mortgage services with AI-driven capabilities. By implementing advanced AI features […]
Shares of engineering firm RITES gained on October 23 following the announcement that its project management consultancy (PMC) contract with Karnataka Mining Environment Restoration Corporation (KMERC) has been converted into a turnkey contract. The Rs 453.99 crore contract (excluding GST) involves the construction of two railway private freight terminals (PFTs) at Dharmapura and Susheel Nagar
RITES Shares Rise on Securing Rs 454-Crore Turnkey Contract in Karnataka Read More »
Bajaj Finserv reported an 8% year-on-year increase in Q2 FY25 net profit, reaching Rs 2,087 crore, driven by higher interest income and insurance premiums. Total revenue surged 29% to Rs 33,704 crore, but profit growth was restrained by rising finance costs and claims expenses. The company’s results were bolstered by a significant net gain of
Bajaj Finserv Q2 Profit Rises 8% on Strong Interest and Insurance Income Read More »
Paytm’s parent company, One97 Communications Ltd, announced on October 22 that the National Payments Corporation of India (NPCI) has approved its request to onboard new UPI users. The approval comes with the condition that Paytm complies with NPCI’s risk management guidelines, app branding norms, multi-bank requirements, and data privacy policies. That was after Paytm faced
Paytm Gets NPCI Nod to Onboard New UPI Users After RBI Curbs Lifted Read More »
GFCL EV, a subsidiary of Gujarat Fluorochemicals (GFL), secured Rs 1,000 crore in funding at an equity valuation of around Rs 25,000 crore, the company announced on October 23. The funding was led by promoters INOXGFL Group, along with notable investors, including family offices from major business groups. The raised capital will support capacity expansion
Gujarat Fluorochemicals’ EV Subsidiary Raises Rs 1,000 Crore for Expansion Read More »
Zomato announced a 389% increase in net profit, reaching Rs 176 crore for Q2 FY25, compared to Rs 36 crore in the same quarter last year. Revenue grew 69% year-on-year from Rs 2,848 crore to Rs 4,799 crore, supported by a surge in customer orders, according to stock exchange filings. Quarter-on-quarter, revenue rose from Rs
Zomato Reports 389% Surge in Q2 Net Profit to Rs 176 Crore Read More »
Mazagon Dock Shipbuilders’ board has approved a stock split in the ratio of 1:2, meaning each existing share will be split into two, effectively doubling the total number of shares. Along with this, the company declared an interim dividend of Rs 23.19 per equity share of Rs 10 each, fully paid-up, for the financial year
Mazagon Dock Approves 1:2 Stock Split and Announces Rs 23.19 Interim Dividend Read More »
Tata Motors has secured an order to supply 1,000 Tata LPO 1618 diesel bus chassis to the Uttar Pradesh State Road Transport Corporation (UPSRTC), following a competitive e-bidding process. The delivery will occur in phases as per a mutually agreed schedule. This order follows an earlier contract to supply 1,350 chassis, which are currently operational
Tata Motors Bags Order for 1,000 Diesel Bus Chassis from UPSRTC Read More »
Varun Beverages reported a 22.4% increase in consolidated net profit for the September 2024 quarter, reaching Rs 628.82 crore, compared to Rs 514.06 crore in the same period last year. This marks the company’s third-quarter results for the 2024 calendar year. Operational revenues grew 25.2% at Rs 4,932.1 crore from Rs 3,937.8 crore in the
Varun Beverages Q3 Net Profit Surges 22% to Rs 629 Crore; Revenue Grows 25% Read More »
On Tuesday, a parent company of the fintech giant Paytm, One97 Communications Ltd, reported a net profit of Rs 930 crore for the quarter to September 30, 2024, on the back of a one-time gain of Rs 1,345 crore regarding the sale of its entertainment ticketing business to Zomato. For the same period last year,
Paytm Posts Rs 930 Crore Q2 Profit, Boosted by Ticketing Business Sale to Zomato Read More »
