The country’s largest lender, State Bank of India, announced on August 3 that it had hiked its net profit by about 1 percent at Rs 17,035.16 crore for the first quarter of the current financial year, which saw a marginal rise from last year’s Q1 when its net profit stood at Rs 16,884 crore. Sequential […]
State Bank of India Q1 Results: Net Profit Rises 1% to Rs 17,035 Crore Read More »
DEE Development Engineers announced on August 2 that it has secured two international orders totaling Rs 14 crore from Mitsubishi Heavy Industries, Japan, and GE Vernova International. These contracts involve the supply of pre-fabricated carbon and stainless-steel piping components, according to a regulatory filing by the company. The order from Mitsubishi Heavy Industries is valued
DEE Development Engineers Secures Rs 14 Crore in International Orders Read More »
On August 2, Britannia Industries reported a significant increase in its consolidated net profit for the June quarter, reaching Rs 524 crore. This marks a 14.5 percent rise from Rs 458 crore in the same quarter of the previous financial year. The company’s revenue from operations also saw a growth of 4 percent, coming in
Britannia Industries Sees Q1 Net Profit Surge by 14.5% to Rs 524 Crore Read More »
The Securities and Exchange Board of India (Sebi) is set to introduce a Performance Validation Agency (PVA) to verify claims of market outperformance made by various investment intermediaries, Chairperson Madhabi Puri Buch announced on August 2. Speaking at a FICCI capital market conference in Mumbai, she praised the National Stock Exchange (NSE) for its pioneering
Sebi to Launch Performance Validation Agency for Verifying Investment Return Claims Read More »
Shares of Netweb Technologies worth ₹459 crore were sold in a block deal on August 2, with four promoters likely being the sellers in the transaction. Approximately 20.5 lakh shares, representing a 3.64% stake in the company, changed hands on the exchanges. The deal was executed at an average price of ₹2,232 per share, implying
Promoters Likely Sell Stake in Netweb Tech, Shares Worth ₹459 Crore Traded in Block Deal Read More »
India’s Goods and Services Tax (GST) collections saw a significant rebound in July, reaching ₹1.82 lakh crore. This marks the third-highest monthly level ever, with revenue growth recovering to 10.3% from a three-year low of 7.6% in June. Revenue from domestic transactions grew by 8.9%, slightly down from June’s 9.4%. However, taxes collected on imports
GST Collections Surge in July, Reaching Third-Highest Level Ever Read More »
Net profit has increased 126.5 times to ₹253 crore for the food aggregator in the April-June quarter, or Q1FY25, versus ₹2 crore in the comparable period of the previous year. This is the fifth consecutive quarter for the company to be in the black. “The revenue demonstrated a strong growth of 74% on a year-on-year
Adani Enterprises, a leading firm in the Adani Group, reported a remarkable 116% year-on-year increase in its net profit for the first quarter of the fiscal year 2024-25 (Q1FY25). The net profit for the quarter stood at ₹1,455 crore, up from ₹674 crore in the same period the previous year. The company’s revenue from operations
Adani Ports and Special Economic Zones (APSEZ) reported a strong financial performance for the first quarter of the fiscal year 2024-25 (Q1FY25). The company’s consolidated net profit soared by 47% year-on-year to ₹3,113 crore, up from ₹2,115 crore in the same quarter of the previous year. This impressive growth was bolstered by a one-time gain
Ramesh Damani, a well-known investor in India, has acquired more than a 1% stake in Protean eGov Technologies Limited. This investment comes as Protean eGov Technologies, formerly known as NSDL e-Governance Infrastructure, experiences significant changes in its shareholder structure. Notably, HDFC Bank recently sold a substantial portion of its shares in the company, while other
Ramesh Damani has over 1% Stake in Protean eGov Technologies Read More »
