CMS Info Systems reported an 8% year-on-year rise in net profit to Rs 91 crore for Q2FY25, while revenue grew 15% to Rs 624 crore. Profit growth was constrained by slower consumption, elections, and heavy rains in the first half of the year, with quarterly profit remaining flat. Cash Logistic business expanded 8% to Rs […]
CMS Info Systems’ Q2 Net Profit Rises 8% YoY to Rs 91 Crore, Revenue Grows 15% Read More »
Adani Group’s subsidiary, Renew Exim DMCC, has entered into a definitive agreement to acquire a 46.64% equity stake in ITD Cementation India Ltd from Italian-Thai Development Public Company Ltd (ITD) for approximately Rs 3,204 crore, priced at Rs 400 per share. This acquisition is expected to enhance Adani’s civil engineering capabilities, particularly in sectors such
IndusInd Bank’s stock plummeted 15% on October 25, marking its steepest decline in nearly five months, following weaker-than-expected Q2 FY25 results. The bank’s consolidated net profit dropped 39.5% year-on-year to Rs 1,331 crore, missing estimates. While net interest income rose 5% to Rs 5,347 crore, it was below market expectations, and the net interest margin
IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint Read More »
Shares of NTPC fell over 3% in early trade on October 25, even as the state-run power giant posted better-than-expected earnings for Q2 FY25. The company’s consolidated net profit rose 14% year-on-year to Rs 5,380 crore, while revenue from operations dipped slightly to Rs 44,696 crore. The board also declared an interim dividend of Rs
NTPC Shares Dip 3% Despite Strong Q2 Earnings Beat Read More »
Shares of Dixon Technologies fell over 4% to Rs 14,230 in morning trade on October 25, even though the company reported solid earnings for the second quarter of FY25. Despite the dip, analysts remain optimistic about Dixon’s growth prospects, driven by its mobile segment, IT hardware, and backward integration strategies. The company posted a 263%
Dixon Tech Shares Drop 4% Despite Strong Q2 Performance Read More »
Food delivery giant Swiggy is reportedly aiming for a valuation of $12.5-13.5 billion for its upcoming IPO, reducing its target by 10-16% from the initial $15 billion. The decision comes amid market volatility and a recent correction in Indian stock markets, according to two sources familiar with the matter. Swiggy’s IPO, expected to raise $1.4
Swiggy Lowers IPO Valuation Target to $12.5-13.5 Billion Amid Market Volatility Read More »
Adani Wilmar Ltd reported a consolidated net profit of Rs 311.02 crore for the September 2024 quarter, marking a turnaround from a loss of Rs 130.73 crore in the same period last fiscal. This return to profitability comes after the company posted a net profit of Rs 313.20 crore in the previous June 2024 quarter.
Adani Wilmar Posts Rs 311 Crore Profit in Q2, Shares Jump 6% on Improved Performance Read More »
Dixon Technologies reported a remarkable 263 percent increase in its consolidated net profit for the quarter ending September 2024, reaching Rs 412 crore, compared to Rs 113 crore in the same period of the previous fiscal. The surge in profit was driven by a significant rise in revenue, which more than doubled year-on-year. Earnings before
Dixon Tech Q2 Results: Net Profit Surges 263% to Rs 412 Crore, Revenue Soars 133% Read More »
Ashok Leyland shares rose on October 24 following a significant order win from Chennai’s Metropolitan Transport Corporation. At 10:22 am, the stock was trading 1.43 percent higher at Rs 217.18 on the NSE. The order, awarded to its electric mobility subsidiary OHM Global Mobility, includes 500 ultra-low floor electric buses, further solidifying Ashok Leyland’s strong
Ashok Leyland’s Subsidiary Secures 500 E-Bus Order, Shares Climb Read More »
Tata Consultancy Services (TCS) has launched a new Nvidia business unit aimed at accelerating AI adoption across various industries, including manufacturing, BFSI, telecom, retail, and automotive. The unit will combine TCS’ domain expertise with Nvidia’s AI platform, leveraging TCS’ global centers of excellence to offer industry-specific solutions. The collaboration will use Nvidia AI Enterprise for
TCS Launches Nvidia Business Unit to Accelerate AI Adoption Read More »
