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News Desk

RVNL Shares Drop 4% Following a 35% Decline in Q1FY25 Net Profit

RVNL Shares Drop 4% Following a 35% Decline in Q1FY25 Net Profit

Rail Vikas Nigam Limited (RVNL) witnessed a significant decline in its share price, dropping nearly 6% on August 8, after the company reported a sharp 35% decrease in its net profit for the first quarter of FY25. By 14:25 pm on the NSE, RVNL’s stock had partially recovered but was still down 3.71%, trading at […]

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Bharat Forge Board Approves Rs 2,000 Crore Fundraising Amid Mixed Q1 Results

Bharat Forge Board Approves Rs 2,000 Crore Fundraising Amid Mixed Q1 Results

Bharat Forge has received board approval to raise up to Rs 2,000 crore through the issuance of shares and debt, as the company reports mixed results for the first quarter of FY25. In Q1, Bharat Forge experienced a 13.5% decline in net profit, dropping to Rs 269.4 crore from Rs 312 crore in the same

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RBI Keeps Repo Rate Unchanged at 6.5% Amid Inflation Concerns

RBI Keeps Repo Rate Unchanged at 6.5% Amid Inflation Concerns

During the latest Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das announced that the Reserve Bank of India (RBI) will maintain the repo rate at 6.5%. This decision continues a trend seen over the last eight reviews since February 2023, indicating a cautious approach in light of rising inflation, particularly within the volatile food

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Standard Chartered Likely Exits Protean eGov Tech with ₹236 Crore Block Deal

Standard Chartered Likely Exits Protean eGov Tech with ₹236 Crore Block Deal

On August 8, shares worth ₹236 crore of Protean eGov Tech were sold in a block deal, with Standard Chartered Bank likely being the seller. Approximately 12 lakh shares, representing a 3.2 percent stake in the IT solutions provider, changed hands at a floor price of ₹1,805 per share, which is a 3 percent discount

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NSE's Q1FY25 Net Profit Surges 39% to Rs 2,567 Crore

NSE’s Q1FY25 Net Profit Surges 39% to Rs 2,567 Crore

The National Stock Exchange (NSE) reported a significant 39% increase in its consolidated net profit for the first quarter of FY25, reaching Rs 2,567 crore. This robust performance resulted in net margins of 52% for the quarter. NSE’s consolidated revenue from operations also saw a notable rise, climbing 51% year-on-year to Rs 4,510 crore. Do you

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Godrej Consumer Q1 Results: Net Profit Surges 41% to Rs 451 Crore; Declares Rs 5 Dividend

Godrej Consumer Q1 Results: Net Profit Surges 41% to Rs 451 Crore; Declares Rs 5 Dividend

Godrej Consumer Products Limited has announced massive growth in its consolidated net profit at 41% to Rs 450.69 crore for the first quarter of the fiscal year; it was at Rs 319 crore in the same quarter a year ago. Even as profit went up, revenue from operations dropped by 3.4% to Rs 3,331.58 crore

Godrej Consumer Q1 Results: Net Profit Surges 41% to Rs 451 Crore; Declares Rs 5 Dividend Read More »

Pidilite Industries Reports 21% Increase in Q1FY25 Net Profit to Rs 571 Crore; Revenue Rises 4%

Pidilite Industries Reports 21% Increase in Q1FY25 Net Profit to Rs 571 Crore; Revenue Rises 4%

Pidilite Industries posted good bottom-line results for the first quarter of FY 2025. Consolidated net profit jumped by 21 percent to Rs 571 crore from Rs 474 crore in the same period last year. Its net sales rose by 4 percent to Rs 3,384 crore from Rs 3,275 crore in the same period last year.

Pidilite Industries Reports 21% Increase in Q1FY25 Net Profit to Rs 571 Crore; Revenue Rises 4% Read More »

Symphony Announces Rs 71.4 Crore Buyback and Interim Dividend; Sets Record Date

Symphony Announces Rs 71.4 Crore Buyback and Interim Dividend; Sets Record Date

Symphony Ltd announced its buyback programme of up to Rs 71.40 crore and an interim dividend of Rs 1 per share for all eligible shareholders. The buyback price is fixed at ₹2,500 per share, about 71 per cent higher than Tuesday’s closing price. “The Board of Directors has considered and approved the following in their

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Bangladesh Crisis Sparks 20% Rally in Indian Textile Stocks

Bangladesh Crisis Sparks 20% Rally in Indian Textile Stocks

The deepest area of the political crisis in Bangladesh is blowing its shockwaves toward the global textile industry. Violent protests and the stepping down of the Prime Minister make many people fear for the future of Bangladesh’s garment sector. This uncertainty has sent Indian textile stocks surging. Stocks of Gokaldas Exports, Century Enka, and SP

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