Author name: Lisl News Desk

News Desk

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 […]

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

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 »

RBL Bank Q2 FY25 Profit Drops 24% YoY to ₹222.52 Crore, Asset Quality Weakens

RBL Bank Q2 FY25 Profit Drops 24% YoY to ₹222.52 Crore, Asset Quality Weakens

/ Indian Market /

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 Approves ₹1,500 Crore Fundraising via QIP, Plans EGM for Shareholder Approval

PG Electroplast Approves ₹1,500 Crore Fundraising via QIP, Plans EGM for Shareholder Approval

/ Indian Market /

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

PG Electroplast Approves ₹1,500 Crore Fundraising via QIP, Plans EGM for Shareholder Approval Read More »

Tata Communications Prepares for AI Cloud Trials with Nvidia, Eyes Enterprise Market Expansion

Tata Communications Prepares for AI Cloud Trials with Nvidia, Eyes Enterprise Market Expansion

/ Indian Market /

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

Tata Communications Prepares for AI Cloud Trials with Nvidia, Eyes Enterprise Market Expansion Read More »

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