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News Desk

Adar Poonawalla Acquires 50% Stake in Dharma Productions for ₹1,000 Crore

Adar Poonawalla Acquires 50% Stake in Dharma Productions for ₹1,000 Crore

/ Indian Market /

Adar Poonawalla’s Serene Productions has entered into a strategic agreement to acquire a 50% stake in Karan Johar’s Dharma Productions and its digital content arm, Dharmatic Entertainment, for ₹1,000 crore. Karan Johar will retain 50% of his remaining ownership and continue as the executive chairman, while Apoorva Mehta will remain the production house’s chief executive […]

Adar Poonawalla Acquires 50% Stake in Dharma Productions for ₹1,000 Crore Read More »

PNC Infratech Plummets 20% After One-Year Ban from Road Ministry Tenders

PNC Infratech Plummets 20% After One-Year Ban from Road Ministry Tenders

/ Indian Market /

Shares of PNC Infratech dropped 20% to hit the lower circuit at ₹366 on October 21, following a one-year disqualification from participating in tenders issued by the Ministry of Road Transport & Highways. The ban, which came into effect on October 18, 2024, also extends to the company’s subsidiaries, PNC Khajuraho Highways and PNC Bundelkhand

PNC Infratech Plummets 20% After One-Year Ban from Road Ministry Tenders Read More »

Afcons Infrastructure Sets IPO Price Band at ₹440-₹463 per Share

Afcons Infrastructure Sets IPO Price Band at ₹440-₹463 per Share

/ IPO News /

Afcons Infrastructure Ltd has announced a price band of ₹440-₹463 per share for its upcoming initial public offering (IPO), set to open on October 25. Anchor investors can bid starting on October 24, and the IPO will close on October 29. IPO Structure and Shareholding The public issue comprises a fresh issuance of equity shares

Afcons Infrastructure Sets IPO Price Band at ₹440-₹463 per Share Read More »

Garden Reach Shipbuilders Secures ₹491 Crore Contract from Ministry of Defence

Garden Reach Shipbuilders Secures ₹491 Crore Contract from Ministry of Defence

/ Indian Market /

Garden Reach Shipbuilders & Engineers (GRSE) will be in focus on October 21 after securing a significant Letter of Intent (LoI) from the Ministry of Defence. The ₹491 crore contract entails the design, development, construction, integration of equipment, testing, certification, and commissioning of an Acoustic Research Ship (ARS) within a 36-month timeline. Recent Contracts and

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PC Jeweller Reports Massive Q2 Turnaround with 1430% Revenue Surge, PAT Reaches ₹179 Crores

/ Results /

PC Jeweller has delivered a standout performance in the second quarter of FY24-25, showcasing a strong financial rebound. The company’s consolidated revenue soared by an astounding 1430%, reaching ₹505 crores in Q2 FY25, up from just ₹33 crores in the same period last year. In a significant turnaround, the company posted a profit after tax

PC Jeweller Reports Massive Q2 Turnaround with 1430% Revenue Surge, PAT Reaches ₹179 Crores Read More »

Afcons Infrastructure, a Shapoorji Pallonji Group Company, Files RHP for ₹5,430 Crore IPO; Opens October 25

/ IPO News /

Afcons Infrastructure, a Shapoorji Pallonji Group-owned engineering and construction company, has filed a Red Herring Prospectus (RHP) with the Registrar of Companies for an initial public offering (IPO) worth ₹5,430 crore. The IPO will be open for subscription from October 25 to October 29. The price band for the offering will be disclosed next week.

Afcons Infrastructure, a Shapoorji Pallonji Group Company, Files RHP for ₹5,430 Crore IPO; Opens October 25 Read More »

HDFC Bank Q2 FY25 Results: Net Profit Climbs 5% to ₹16,821 Crore, Supported by NII Growth

HDFC Bank Q2 FY25 Results: Net Profit Climbs 5% to ₹16,821 Crore, Supported by NII Growth

/ Results /

HDFC Bank, India’s largest private sector lender, reported a 5% year-on-year increase in net profit for the second quarter of fiscal year 2025, reaching ₹16,821 crore, surpassing market expectations. Analysts from seven brokerages had projected the bank’s Q2 net profit to be around ₹16,570 crore. The stronger-than-anticipated earnings were driven by robust growth in net

HDFC Bank Q2 FY25 Results: Net Profit Climbs 5% to ₹16,821 Crore, Supported by NII Growth Read More »

Kotak Mahindra Bank Q2 Results: Net Profit Rises 4.8% to ₹3,344 Crore, Margins Stable

Kotak Mahindra Bank Q2 Results: Net Profit Rises 4.8% to ₹3,344 Crore, Margins Stable

/ Results /

Kotak Mahindra Bank reported a net profit of ₹3,344 crore for the second quarter of fiscal year 2025, reflecting a 4.8% increase from the same period last year. This growth was supported by a steady expansion in the bank’s net interest income, which rose to ₹7,019.3 crore. The quarter’s results came amid a challenging macroeconomic

Kotak Mahindra Bank Q2 Results: Net Profit Rises 4.8% to ₹3,344 Crore, Margins Stable Read More »

Tech Mahindra's Q2 Profit Surges 153%, Declares ₹15 Interim Dividend Amid Restructuring Efforts

Tech Mahindra’s Q2 Profit Surges 153%, Declares ₹15 Interim Dividend Amid Restructuring Efforts

/ Results /

Tech Mahindra reported an impressive 153.1% year-on-year increase in net profit for the second quarter of FY25, reaching ₹1,250 crore, well above market expectations. This marked a 46.8% sequential growth as the company continues its business restructuring under the leadership of new CEO and Managing Director Mohit Joshi. The company’s consolidated revenue for the quarter

Tech Mahindra’s Q2 Profit Surges 153%, Declares ₹15 Interim Dividend Amid Restructuring Efforts Read More »

SMPP Files Draft Prospectus with SEBI to Raise ₹4,000 Crore via IPO for Ammunition Manufacturing Expansion

SMPP Files Draft Prospectus with SEBI to Raise ₹4,000 Crore via IPO for Ammunition Manufacturing Expansion

/ IPO News /

Defense equipment manufacturer SMPP Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise ₹4,000 crore through an initial public offering (IPO). The offering includes a fresh issue of ₹580 crore and an offer for sale of up to ₹3,420 crore by promoter Shiv Chand Kansal,

SMPP Files Draft Prospectus with SEBI to Raise ₹4,000 Crore via IPO for Ammunition Manufacturing Expansion Read More »

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