Shares of HeidelbergCement India surged as much as 10% on January 27, 2025, following reports that UltraTech Cement, part of the Aditya Birla Group, is in advanced discussions to acquire the German cement giant’s Indian-listed business. After touching the intraday high of Rs 242.50 per share, the stock was trading 5.5 percent up at Rs […]
Adani Wilmar Ltd reported an exceptional performance for the third quarter of FY25, with its net profit more than doubling to Rs 410 crore, a 104% increase compared to Rs 201 crore in the same period last year. The company’s revenue for the quarter surged 31% year-on-year to Rs 16,859 crore, compared to Rs 12,828
Adani Wilmar Q3 Results: Net Profit Jumps 104% to Rs 410 Crore, Revenue Grows 31% Read More »
The Ministry of Finance has invited applications for the post of Chairperson of the Securities and Exchange Board of India (SEBI). The current SEBI Chairperson, Madhabi Puri Buch, will complete her tenure on February 28, 2025. Eligible candidates must submit their applications by February 17, according to a notice from the Department of Economic Affairs.
ICICI Bank, India’s second-largest private sector bank, posted a net profit of Rs 11,792 crore in Q3 FY25, marking a 15 percent growth from Rs 10,272 crore in the same quarter last year. Key Financial HighlightsOn a year-on-year basis, the net interest income for the lender rose 9.1 percent to Rs 20,370.6 crore as against
ICICI Bank Reports 15% Rise in Q3 Net Profit to Rs 11,792 Crore Read More »
KFin Technologies announced a robust 35 percent year-on-year growth in its profit after tax (PAT) for the third quarter of FY25, reaching Rs 90.18 crore. The company had recorded a PAT of Rs 66.83 crore during the same period last year. Operationally, the company’s revenue increased 32.6 percent YoY to Rs 290 crore in the
KFin Technologies Reports 35% Jump in Q3 Profit at Rs 90 Crore Read More »
Shares of Mankind Pharma dropped nearly 6 percent on January 24 following a sharp decline in its October-December net profit. The company reported a 16 percent year-on-year fall in profit to Rs 385 crore for Q3 FY25, impacted by increased expenses and the acquisition of Bharat Serums and Vaccines (BSV). At 9:51 AM, the company’s
Mankind Pharma Shares Fall 6% After Q3 Net Profit Declines 16% Read More »
Shares of Larsen & Toubro (L&T) fell by 1% on January 25 after reports suggested its bid for India’s Rs 70,000 crore P75(I) submarine project was disqualified. Meanwhile, shares of Mazagon Dock Shipbuilders (MDL) surged over 5% to Rs 2,411, as it emerged as the sole qualifying contender for the project. The P75(I) project, covered
HDFC Bank reported a 2.2 percent year-on-year (YoY) increase in its net profit, reaching Rs 16,736 crore for the quarter ending December 2024. This is slightly above the market estimate of Rs 16,650 crore predicted by Moneycontrol. The bank’s net interest income too increased 8 percent YoY, to Rs 30,690 crore, in line with analysts
HDFC Bank Q3 Results: Net Profit Rises 2.2% YoY to Rs 16,736 Crore Read More »
The state of Maharashtra secured 31 MoUs amounting to investments of more than ₹6.25 lakh crore at the World Economic Forum, Davos, in Switzerland. The deals span sectors including automotive, steel, defence, electric vehicles (EVs), renewables, and electronics, according to Chief Minister Devendra Fadnavis. Signings of agreements in this regard from some of India’s leading
Shares of Zomato and Swiggy continued their downward slide on January 22, dropping by another 3 percent amid concerns over intensifying competition in the quick commerce space. Zomato’s aggressive push to expand its dark store network for its quick commerce arm, Blinkit, has raised apprehensions about rising costs and shrinking profits for the sector. Zomato’s
Zomato, Swiggy Shares Fall 3% as Competition in Quick Commerce Heats Up Read More »
