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 […]
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,
RBL Bank reported a 24.3% year-on-year decline in net profit to ₹222.52 crore for the second quarter of FY25, with a sharp sequential drop of 40.1%. The bank’s gross non-performing asset (NPA) ratio increased to 2.88% as of September 30, 2024, compared to 2.69% in the previous quarter and 3.12% a year earlier. Net NPA
RBL Bank Q2 FY25 Profit Drops 24% YoY to ₹222.52 Crore, Asset Quality Weakens Read More »
PG Electroplast’s board has approved raising up to ₹1,500 crore through Qualified Institutional Placement (QIP) in a meeting on October 19. The board also approved the draft notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for the QIP issuance through a special resolution. The proposed QIP of ₹1,500 crores is in compliance
Tata Communications is gearing up to launch trials for its AI Cloud platform, developed in partnership with Nvidia, by the end of the year, while actively engaging with enterprise customers to secure initial deals. Managing Director and CEO AS Lakshminarayanan revealed that interest is already emerging from sectors like manufacturing and retail, with cautious exploration
Shares of Zee Entertainment Enterprises Ltd (ZEEL) jumped 5.26% to ₹132.37 on the NSE by 3:02 PM on October 18, following the release of the company’s Q2 FY25 results. The stock saw an opening price of ₹125.00, hitting an intraday high of ₹132.97 and a low of ₹124.92 during the trading session. Stock Performance Overview:
Zee Entertainment Shares Surge Over 5% Following Q2 FY25 Results Announcement Read More »
Shares of Mazagon Dock Shipbuilders jumped over 5% on October 18 after the company announced plans to discuss a stock split and interim dividend at its board meeting scheduled for October 22. The state-run defense firm’s stock surged to a day’s high of ₹4,460 on the NSE, and was trading at ₹4,430, up 4.54%, by
Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22 Read More »
Shares of Infosys fell by as much as 5% in early trading on October 18, following a slight miss in its Q2 FY25 earnings report. The company’s consolidated net profit came in at ₹6,506 crore, a 2.2% sequential increase but below the ₹6,769 crore estimate. Revenue rose 4.2% quarter-on-quarter to ₹40,986 crore, slightly missing the
Infosys Stock Falls 5% After Slight Q2 Earnings Miss Read More »
Shares of Manappuram Finance fell sharply by 15% on October 18, hitting the lower circuit at ₹150.73 on the NSE, following a directive from the Reserve Bank of India (RBI). The central bank has instructed Asirvad Micro Finance Limited, a key subsidiary of Manappuram Finance, to stop sanctioning or disbursing loans from the close of
DCW Ltd’s share price is set to be in the spotlight on October 18 as the company plans to invest ₹140 crore to expand its Chlorinated Polyvinyl Chloride (CPVC) production capacity. The investment will be funded through a combination of bank financing and internal accruals, with the goal of increasing production capacity from 20,000 metric
