Author name: Lisl News Desk

Bharti Airtel Prepays ₹5,985 Crore in Spectrum Dues, Redeems $1 Billion in Debt

Bharti Airtel Prepays ₹5,985 Crore in Spectrum Dues, Redeems $1 Billion in Debt

/ Indian Market /

Telecom giant Bharti Airtel and its subsidiary Bharti Hexacom have prepaid an additional ₹5,985 crore of expensive spectrum debt to the Department of Telecom (DoT) and redeemed $1 billion of perpetual bonds, an exchange filing on March 26 stated. With this recent move, Airtel has now prepaid ₹25,981 crore of spectrum liabilities for FY25 and […]

Bharti Airtel Prepays ₹5,985 Crore in Spectrum Dues, Redeems $1 Billion in Debt Read More »

HAL Shares Gain 3% as GE Aerospace Supplies First of 99 Tejas Engines After Delays

/ Indian Market /

Hindustan Aeronautics Ltd. (HAL) stocks rose over 3% on March 26 after GE Aerospace announced the delivery of the first F404-IN20 engine for the Tejas Light Combat Aircraft (LCA) Mk 1A fighter jet. HAL stocks stood at ₹4,152 per share in afternoon trading. GE Aerospace highlighted the importance of the milestone in its four-decade partnership

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Trent Shares Jump 3% as Westside Expands Store Network to 244 with Three New Openings

Trent Shares Jump 3% as Westside Expands Store Network to 244 with Three New Openings

/ Indian Market /

Shares of Trent Ltd. surged over 3% on March 26 after the company announced the expansion of its Westside retail chain with three new store openings across multiple cities. The Tata Group company’s stock was trading at ₹5,360 per share in the afternoon, marking gains for the second straight session. In separate exchange filings, Trent

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Samvardhana Motherson Shares Drop 3% Despite Strong Q3 Performance

/ Results /

Shares of Samvardhana Motherson International declined over 3 percent on February 14 despite the company reporting a strong financial performance for the third quarter of FY25. The company posted a net profit of Rs 879 crore for the quarter ended December 31, 2024, marking a 62 percent year-on-year (YoY) increase from Rs 542 crore in

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US Tariff Concerns Hit Pharma Stocks; Sun Pharma, Lupin, Dr Reddy's Decline 2-4%

US Tariff Concerns Hit Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4%

/ Indian Market /

US Tariff Concerns Trigger Sell-Off in Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4% Shares of Indian pharmaceutical companies came under heavy selling pressure on February 14 amid rising concerns over potential US tariffs on drug imports. The decline followed comments from former US President Donald Trump, who suggested imposing reciprocal tariffs on several

US Tariff Concerns Hit Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4% Read More »

Hexaware Technologies’ ₹8,750 Crore IPO Fully Subscribed on Final Day, Driven by QIB Demand

/ IPO News /

The initial public offering (IPO) of Hexaware Technologies was fully subscribed on its final bidding day, February 14, thanks to strong demand from Qualified Institutional Buyers (QIBs). The global IT services provider aims to raise ₹8,750 crore through its maiden public issue, marking the largest-ever IPO by an Indian IT company, surpassing the previous record

Hexaware Technologies’ ₹8,750 Crore IPO Fully Subscribed on Final Day, Driven by QIB Demand Read More »

ITI Shares Decline 5% After Reporting ₹49 Crore Net Loss in Q3FY25

ITI Shares Decline 5% After Reporting ₹49 Crore Net Loss in Q3FY25

/ Results /

Shares of state-owned ITI Ltd. fell by 5 percent on February 14 after the company reported a net loss for the third quarter of the current financial year (Q3FY25). The company narrowed its net loss to ₹48.9 crore in Q3FY25, a significant improvement from the ₹101.3 crore loss recorded in the same quarter last year.

ITI Shares Decline 5% After Reporting ₹49 Crore Net Loss in Q3FY25 Read More »

BAT Plans to Exit ITC Hotels Stake at Optimal Time to Maximise Returns

/ Indian Market /

British American Tobacco (BAT), the largest shareholder of India’s leading cigarette manufacturer ITC Ltd, has announced plans to divest its stake in ITC Hotels by 2026. The decision is part of BAT’s broader strategy to focus on its core business and maximise shareholder value. BAT’s CEO, Tadeu Marroco, stated in a post-earnings call that the

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Volvo Group to Invest ₹1,400 Crore in Karnataka for New International Manufacturing Hub

Volvo Group to Invest ₹1,400 Crore in Karnataka for New International Manufacturing Hub

/ Indian Market /

Volvo Group has announced an investment of ₹1,400 crore to expand its manufacturing operations in Karnataka. The company signed a Memorandum of Understanding (MoU) with the Karnataka government on February 13 to establish its fourth international manufacturing hub in Hosakote, Bengaluru. The agreement was inked in Chief Minister Siddaramaiah’s official residence, ‘Cauvery,’ in the presence

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Finance Minister Nirmala Sitharaman Introduces New Income Tax Bill; Sent for Select Committee Review

/ Budget News​ /

Union Finance Minister Nirmala Sitharaman introduced a new Bill on Income Tax in the Lok Sabha on February 13 to simplify and update the existing tax system. The proposed bill, to be in force from April 1, 2026, has been referred to a Select Committee, which is to report to the House on the first

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