HDFC Bank reported a year-on-year increase of 35.3% in profit after tax (PAT) to Rs 16,174.75 crore for the first quarter of the current financial year. But on a quarterly basis, the bank’s net profit dropped 2.1%. The bank’s gross NPA ratio increased to 1.33% as of June 30 from 1.24% in the previous quarter […]
HDFC Bank Q1 profit rises 35% to ₹16,174.75 crore, NPAs Increases Read More »
RBL Bank reports a 29% increase in Q1 net profit to Rs 372 crore and an improvement in asset quality. RBL Bank reported a 29% increase in net profit for the April-June quarter of fiscal 2025 at Rs 372 crore as against Rs 288 crore a year ago. The asset quality of the bank witnessed
RBL Bank Reports 29% Increase in Q1 Net Profit to Rs 372 Crore, Asset Quality Improves Read More »
Tanla Platforms saw its stock surge by over 10% after announcing a partnership with a leading global tech company to fight scams on messaging platforms. Tanla’s AI-driven anti-phishing solution, Wisely ATP, will identify fraudulent phone numbers and suspicious URLs to alert WhatsApp about potential scams. The details of the deal remain confidential, but media reports
Tanla Platforms Shares Soar 10% on Anti-Scam Deal with Global Tech Giant Read More »
Avenue Supermarts Ltd., the operator of the popular retail chain DMart, has reported its consolidated profits for the quarter ending June 2024. Profits surged to Rs 774 crore from Rs 659 crore in the same period last year, showing a healthy growth of 17.5% year-on-year. Additionally, the revenue grew by 18.6% YoY to stand at
DMart’s Q1 Profits Surge by 17.5% to Rs 774 Crore, Revenue Climbs 18.6% Read More »
Adani Wilmar Ltd, a major player in the edible oil sector, is set to acquire a 67% stake in Omkar Chemicals Industries for Rs 56 crore. Adani Wilmar, a joint venture of the Adani Group and Singapore’s Wilmar Group, is one of India’s largest FMCG companies. They offer a wide range of kitchen essentials such
Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore Read More »
Cyient Ltd on Friday said it has opened its new wholly-owned unit dedicated to the semiconductor business, targeting a strategic initiative to strengthen its hand in this segment amid global competitors. The focused initiative is on application-specific integrated circuit (ASIC) turnkey design and manufacturing and will function on a completely fabless model. Krishna Bodanapu, vice
Cyient Launches New Semiconductor Subsidiary Read More »
Asian stock markets experienced a downturn following a significant drop in US tech stocks, fueled by expectations of potential interest rate cuts due to slowing inflation in the US. The Japanese yen showed volatility amid speculations of market interventions. Key Point:- •. Japan: Japanese shares dropped over 1% after a rally in the yen on
Asian Markets Dip as Tech Stocks Tumble in the US Read More »
Tata Consultancy Services (TCS), India’s largest IT company, announced its financial results for the first quarter of FY25, aligning with market expectations. The company’s consolidated net profit rose by 9% year-on-year to Rs 12,040 crore for the April-June period. TCS’s revenue from operations also saw a year-on-year increase of 5.4%, reaching Rs 62,613 crore. Market
TCS Q1 Results: Net Profit Rises 9% to Rs 12,040 Crore; Rs 10 Dividend Announced Read More »
NELCO Ltd., a subsidiary of Tata Power Company Ltd., reported lower-than-expected financial results for the first quarter of FY25, leading to a significant drop in its stock price. The company’s net profit for the quarter fell by 20.4 percent year-on-year to Rs 4.6 crore, while revenue from operations decreased by 6 percent to Rs 74.1
NELCO’s Q1 Financial Performance Disappoints, Stock Drops by 4% Read More »
Data Patterns (India) saw its shares surge by over 6% following the Defence Research & Development Organisation (DRDO) sanctioning a new project under the Technology Development Fund (TDF) scheme. The Chennai-based company has been tasked with developing a Radar Signal Processor. DRDO has awarded a total of seven projects focused on the aerospace and defense
Data Patterns Rise 6% on DRDO Project Approval; Six Other Winners Announced Read More »
