Author name: Lisl News Desk

News Desk

Mahanagar Gas Partners with International Battery Company to Enter Battery Manufacturing; Plans Bengaluru Giga Factory

/ Indian Market /

Mahanagar Gas Ltd. (MGL), a prominent city gas distribution company, announced on November 7 its strategic entry into battery cell manufacturing through a new joint venture with the U.S.-based International Battery Company (IBC). The collaboration marks MGL’s foray into the energy storage sector and aligns with India’s growing demand for advanced battery solutions in mobility […]

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Shakti Pumps Shares Hit 5% Upper Circuit on Securing Rs 116 Crore Solar Pump Order from Haryana Government

/ Indian Market /

Shares of Shakti Pumps surged to a 5% upper circuit, closing at Rs 4,822.55, following the announcement of a significant order valued at Rs 116.4 crore under the central government’s PM-KUSUM scheme. This contract, awarded by the Haryana Renewable Energy Department (HAREDA), entails supplying, installing, and commissioning 3,174 solar water pumping systems across Haryana. The

Shakti Pumps Shares Hit 5% Upper Circuit on Securing Rs 116 Crore Solar Pump Order from Haryana Government Read More »

Mahindra & Mahindra’s Q2 Profit Surges 35% to Rs 3,171 Crore, Driven by Record SUV Sales and Strong Services Growth

/ Results /

Mahindra & Mahindra Ltd. (M&M) posted a 35% increase in consolidated net profit to Rs 3,171 crore for Q2 FY25, benefiting from strong performance in its automotive and services sectors and a boost in SUV sales. According to its filing on the stock exchange, the company’s consolidated income from operations rose 10% to Rs 37,924

Mahindra & Mahindra’s Q2 Profit Surges 35% to Rs 3,171 Crore, Driven by Record SUV Sales and Strong Services Growth Read More »

Hindalco

Hindalco Shares Slide Over 6% After Novelis’ Q2 Profit Decline and Withdrawn Margin Forecast

/ Indian Market /

Hindalco Industries experienced a significant drop in its share price, falling over six percent during early trading, following a report from its U.S.-based subsidiary, Novelis Inc., revealing a decline in quarterly earnings. Novelis posted an 18% year-on-year decrease in net income, amounting to $128 million for Q2 of FY 2024-25. The decline stemmed from a

Hindalco Shares Slide Over 6% After Novelis’ Q2 Profit Decline and Withdrawn Margin Forecast Read More »

Tata Steel Reports Rs 759 Crore Profit in Q2, Recovers from Last Year's Loss

Tata Steel Reports Rs 759 Crore Profit in Q2, Recovers from Last Year’s Loss

/ Results /

Tata Steel Ltd posted a consolidated net profit of Rs 759 crore for Q2 FY25, marking a strong return to profitability after a net loss of Rs 6,511 crore in the same quarter last year. However, despite the improved bottom line, Tata Steel’s revenue dipped by 3% year-on-year to Rs 53,905 crore, affected by challenges

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Apollo Hospitals Q2 Net Profit Jumps 59% to Rs 396 Crore; Revenue Climbs 13%

Apollo Hospitals Q2 Net Profit Jumps 59% to Rs 396 Crore; Revenue Climbs 13%

/ Results /

Apollo Hospitals reported a strong 59% year-on-year rise in net profit for the July-September quarter, reaching Rs 395.70 crore, driven by higher demand for healthcare services. This is up from Rs 248.80 crore in the same quarter last year. Revenue also grew by 13% to Rs 5,589.3 crore compared to Rs 4,846.9 crore in the

Apollo Hospitals Q2 Net Profit Jumps 59% to Rs 396 Crore; Revenue Climbs 13% Read More »

Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles Get SEBI Nod for IPOs

Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles Get SEBI Nod for IPOs

/ IPO News /

Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles have received approvals from the Securities and Exchange Board of India (SEBI) to move forward with their initial public offerings (IPOs). With SEBI’s observation letters dated October 31, these companies have the green light to launch IPOs within a year. Notably, BMW Ventures withdrew its

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RITES Shares Rise 2% After Winning Rs 36 Crore Contract from Delhi Metro Rail Corporation

RITES Shares Rise 2% After Winning Rs 36 Crore Contract from Delhi Metro Rail Corporation

/ Indian Market /

Shares of RITES Ltd climbed by around 2% on November 6 after the state-owned engineering consultancy firm announced a new contract from Delhi Metro Rail Corporation (DMRC) valued at Rs 36.36 crore (excluding GST). This order is for retrofit work on RS-1 trains, aimed at upgrading and enhancing train performance and lifespan. The work is

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Triveni Engineering Stock Falls 5% After Posting Q2 Loss Due to Weak Sugar, Alcohol Margins

Triveni Engineering Stock Falls 5% After Posting Q2 Loss Due to Weak Sugar, Alcohol Margins

/ Indian Market /

Shares of Triveni Engineering and Industries dropped 5% on November 6 after the company posted disappointing results for the July-September quarter. The company reported a consolidated net loss of Rs 22.4 crore, a stark contrast to its net profit of Rs 29.1 crore in the same period last year, primarily due to weaker profitability in

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Sagility India IPO Achieves 40% Subscription on Day 2, Driven by Retail Investor Interest

Sagility India IPO Achieves 40% Subscription on Day 2, Driven by Retail Investor Interest

/ Indian Market /

The Sagility India IPO, a healthcare technology-enabled services provider, has garnered 40% subscription by its second day of bidding, November 6. The offering received close to 14 crore bids against the 38.7 crore shares available, as per NSE data. Retail individual investors (RIIs) led the demand, with their portion nearly twice subscribed. Non-institutional investors (NIIs)

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