Olectra Greentech Ltd saw its shares crash by 14% to ₹1,160 in early trade on Tuesday, May 27, after Maharashtra Transport Minister Pratap Sarnaik announced the cancellation of a large electric bus order. The minister said the decision was taken as the company failed to deliver even one of the 1,000 buses that were due […]
InterGlobe Aviation, the parent company of IndiGo Airlines, saw its shares fall by more than 3% in early trade after co-founder Rakesh Gangwal sold a 5.8% stake through a large block deal. The sale involved 2.26 crore shares and fetched ₹11,928 crore, according to a report by CNBC-TV18. The shares were sold at a floor
Nazara Technologies reported strong Q4 results on May 26, with its net profit rising sharply to ₹4 crore in the January-March 2025 quarter. This is a big jump from the small ₹18 lakh profit it had posted in the same period last year. The company’s revenue from operations almost doubled to ₹520 crore in Q4
Wealthtech unicorn Groww has taken its first big step toward launching an Initial Public Offering (IPO) by confidentially filing draft papers with SEBI under the regulator’s pre-filing mechanism. This move allows Groww to get feedback from SEBI without making its IPO details public at this stage. Groww’s parent company, Billionbrains Garage Ventures Ltd, submitted the
Shares of Paytm rose nearly 2 percent in early trade on May 26 after the company received a major relief from the Supreme Court regarding a GST dispute. In a stock exchange filing dated May 24, Paytm informed that the apex court has stayed a Rs 5,712 crore GST show cause notice issued to its
BEML Ltd announced strong financial results for the March 2025 quarter, with its net profit rising by nearly 12 percent to Rs 288 crore. This is a clear improvement compared to Rs 256.8 crore in the same quarter last year. The company also reported a healthy growth in revenue from operations, which climbed over 9
BEML Q4 Net Profit Rises 12% to Rs 288 Crore; Shares Gain Over 3% Post Results Read More »
Honasa Consumer Ltd., the parent company of Mamaearth, saw its shares jump sharply by over 12 percent on May 24, after posting a healthy revenue growth in the March 2025 quarter. The stock surged to an intraday high of Rs 314 on NSE, recording a gain of 14.12 percent, after opening with a 3.58 percent
Honasa Consumer Shares Rally Over 12% After Strong Q4 Revenue Growth to Rs 533.5 Crore Read More »
SBC Exports, a well-known garments manufacturer and exporter, has announced its plans to bring an Initial Public Offering (IPO) for its travel and tourism subsidiary Mauji Trip Ltd during the current financial year 2025-26. The company said the detailed information regarding the IPO, including the issue size and other terms, will be shared once all
Shares of Indian IT companies fell sharply on May 22 as global investors reacted to rising concerns over the United States’ fiscal deficit. The Nifty IT index slipped nearly 1.4 percent in early trade, as selling pressure from Wall Street spilled into Indian markets. Investors are closely watching US lawmakers, who are currently working on
India’s top IT services company Tata Consultancy Services (TCS) has received a new purchase order worth Rs 2,903 crore from BSNL to support the expansion of its 4G mobile network. This new order is an add-on to an earlier Advance Purchase Order (APO) and includes complete support for planning, engineering, supply, installation, testing, and annual
