Author name: Lisl News Desk

News Desk

Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project

Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project

/ Indian Market /

Chennai Petroleum Corporation is in discussions with banks to secure a ₹28,000 crore ($3.3 billion) loan for constructing a large-scale oil refinery in southern India, according to sources familiar with the matter. The loan, which would be the second-largest local-currency financing in India this year, is expected to be led by the State Bank of […]

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IREDA Shares Climb After Strong Q2 Earnings; Stock Up 125% YTD

IREDA Shares Climb After Strong Q2 Earnings; Stock Up 125% YTD

/ Results /

Shares of Indian Renewable Energy Development Agency (IREDA) rose on October 11 following the release of its strong second-quarter earnings report. The company’s net profit jumped 36 percent year-on-year (YoY) to ₹387.75 crore, driven by higher revenues, reinforcing investor confidence. Total income from operations surged 38 percent YoY to ₹1,630.38 crore, while the company’s net

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Ashoka Metcast Shares Hit 20% Upper Circuit After Q2 Profit Surges 894% YoY

Ashoka Metcast Shares Hit 20% Upper Circuit After Q2 Profit Surges 894% YoY

/ Results /

Shares of Ashoka Metcast surged by 20 percent on October 11, reaching the upper circuit, following the announcement of an impressive 894.29 percent year-on-year (YoY) jump in net profit to ₹3.48 crore for the quarter ended September 2024. The company also saw a significant increase in sales, growing 142.47 percent YoY to ₹14.33 crore. In

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Oberoi Realty to Raise Up to Rs 6,000 Crore via Private Placement of Securities

Oberoi Realty to Raise Up to Rs 6,000 Crore via Private Placement of Securities

/ Indian Market /

On October 10, Oberoi Realty’s Board approved a plan to raise up to Rs 6,000 crore through the issuance of equity shares or other securities. The fundraising will be done in tranches via private placements, including the option of a Qualified Institutions Placement (QIP), with the price being determined based on prevailing market conditions and

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NSE to Discontinue Weekly Options for Bank Nifty, Midcap, and Financial Services by November 2024

NSE to Discontinue Weekly Options for Bank Nifty, Midcap, and Financial Services by November 2024

/ Indian Market /

The National Stock Exchange (NSE) will halt weekly options trading for the Bank Nifty (BANKNIFTY), Nifty Midcap Select (MIDCPNIFTY), and Nifty Financial Services (FINNIFTY) indices by mid-November 2024. The final trading dates are November 13 for BANKNIFTY, November 18 for MIDCPNIFTY, and November 19 for FINNIFTY. From November 20, 2024, weekly derivatives will be offered

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Infosys Secures Digital Transformation Deal with Zooplus, Establishes GCC in Hyderabad

Infosys Secures Digital Transformation Deal with Zooplus, Establishes GCC in Hyderabad

/ Indian Market /

Infosys announced a new digital transformation partnership with Germany-based e-commerce company Zooplus on October 10. As part of the deal, Infosys will establish a Global Capability Centre (GCC) in Hyderabad. Zooplus will use Infosys Topaz, a modular AI-first platform powered with generative AI, to drive e-commerce functionality improvement and operational efficiency. It will engage in

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Tata Sons to Receive Rs 2,600 Crore in Dividends as TCS Announces FY25 Interim Payout

Tata Sons to Receive Rs 2,600 Crore in Dividends as TCS Announces FY25 Interim Payout

/ Indian Market /

Tata Sons Pvt Ltd is set to earn approximately Rs 2,600 crore in dividend income from its stake in Tata Consultancy Services (TCS). Holding 71.74% of TCS, Tata Sons will benefit from the IT giant’s second interim dividend of Rs 10 per share for FY25. TCS had previously distributed Rs 10 per share in July

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Anlon Healthcare Files for IPO with SEBI to Fund Expansion and Debt Repayment

Anlon Healthcare Files for IPO with SEBI to Fund Expansion and Debt Repayment

/ IPO News /

Pharmaceutical intermediates manufacturer Anlon Healthcare has filed preliminary papers with SEBI for an initial public offering (IPO). The IPO will consist of a fresh issue of 1.4 crore equity shares, with no offer-for-sale component, as per the draft papers filed on October 9. The Gujarat-based company proposes to use Rs 30.7 crore of the proceeds

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TCS Q2 FY25 Net Profit Dips to Rs 11,909 Crore, Declares Rs 10 Dividend

TCS Q2 FY25 Net Profit Dips to Rs 11,909 Crore, Declares Rs 10 Dividend

/ Results /

Tata Consultancy Services (TCS) posted a 1.1% quarter-on-quarter (QoQ) drop in net profit for Q2 FY25, amounting to Rs 11,909 crore, falling short of market expectations. Revenue rose to Rs 64,259 crore for the same period. The IT giant announced a second interim dividend of Rs 10 per share, with a record date of October

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IREDA Q2 Net Profit Rises by 36% YoY to Rs 388 Crore

IREDA Q2 Net Profit Rises by 36% YoY to Rs 388 Crore

/ Indian Market /

Indian Renewable Energy Development Agency (IREDA) reported a significant 36% year-on-year (YoY) rise in net profit for the second quarter ending September 30, 2024, reaching Rs 387.75 crore. In comparison, the firm recorded Rs 284.73 crore in profit during the same period in the previous fiscal year, as per its exchange filing. Accordingly, revenue from

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