Kotak Mahindra Bank has posted a 10% year-on-year (YoY) rise in net profit to Rs 4,701 crore for the third quarter of FY25, up from Rs 4,265 crore in the same period last year. However, the net profit dropped by 7% sequentially compared to Rs 5,044 crore in the previous quarter. The bank’s financial performance […]
Kotak Mahindra Bank Q3FY25 Results: Net Profit Rises 10% YoY to Rs 4,701 Crore Read More »
The Securities and Exchange Board of India has instructed mutual fund houses to disclose a very important risk-adjusted return measure called the Information Ratio for equity-oriented schemes. The step shall help ensure that the investors get to have a more distinct view of the performance of any scheme by factoring in risk and return. SEBI,
SEBI Mandates Mutual Funds to Disclose Information Ratio for Equity Schemes Read More »
The different promoters of One97 Communications, the parent company of Paytm, have collectively paid Rs 3.32 crore to settle allegations of violations raised by SEBI. The alleged violations are with respect to certain regulations of SEBI relating to LODR and ICDR. Executives include former compliance officer Amit Khera, ex-independent directors Ashit Ranjit Lilani, Neeraj Arora,
Paytm’s Top Executives Pay Rs 3.32 Crore to Settle SEBI Norms Violations Read More »
Wipro reported a 4.5% quarter-on-quarter rise in consolidated net profit at Rs 3,354 crore for Q3 FY25, which was above market expectations. Revenue for the quarter was flat at Rs 22,319 crore, up marginally 0.1% sequentially. The consensus estimates had expected a 5% decline in net profit and revenue decline of 0.6%. The IT giant
Wipro Q3 Net Profit Up 4.5% QoQ to Rs 3,354 Crore, Margins Hit 3-Year High Read More »
Denta Water and Infra Solutions Ltd has set a price band of Rs 279-294 per share for its upcoming Initial Public Offering (IPO). The IPO will open for subscription on January 22 and close on January 24. Anchor investor bidding will begin on January 21. The IPO comprises a pure fresh issue of 75 lakh
Denta Water Announces IPO Price Band of Rs 279-294 Per Share Read More »
Temasek-backed Manipal Health Enterprises Ltd is gearing up for a potential $1 billion Initial Public Offering (IPO), according to a report by Livemint. The hospital chain will meet bankers in February to seek their proposals for the IPO, which could be one of the largest healthcare sector listings in India. The company is said to
Manipal Health Enterprises Plans $1 Billion IPO, Meets Bankers in February Read More »
Infosys Ltd, one of India’s leading IT firms, reported an 11.4 percent year-on-year (YoY) increase in its net profit for Q3 FY25, beating market expectations. The company posted a net profit of Rs 6,806 crore compared to Rs 6,106 crore in the same period last year. Analysts had earlier predicted a profit of Rs 6,734
Infosys Q3 Net Profit Surges 11% YoY, Raises FY25 Growth Guidance Read More »
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of the 8th Central Pay Commission for central government employees. This marks the beginning of the process to revise pay structures, with the current 7th Pay Commission’s tenure set to end in 2026. Union Minister Ashwini Vaishnaw announced the decision, saying, “Prime
Union Cabinet Approves Formation of 8th Central Pay Commission for Government Employees Read More »
Shares of Bharat Dynamics Ltd (BDL) soared over 8% on January 16, reaching an intraday high of ₹1,227.9, after the company secured a significant ₹2,960 crore contract from the Ministry of Defence. BDL said in an exchange filing that the contract is for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The
Bharat Dynamics Shares Surge 8% After Securing ₹2,960 Crore Defence Order Read More »
E-commerce giant Amazon is set to acquire Axio (formerly Capital Float), a Bengaluru-based digital lending firm, marking a significant move into India’s growing fintech market. The deal was finalized in December 2024 after thorough due diligence and is now awaiting regulatory approvals, as confirmed in a blog post by Axio’s founders. This acquisition extends the
Amazon to Acquire Bengaluru-Based Digital Lender Axio, Regulatory Approval Pending Read More »
