Indian Market

Adar Poonawalla Acquires 50% Stake in Dharma Productions for ₹1,000 Crore

Adar Poonawalla Acquires 50% Stake in Dharma Productions for ₹1,000 Crore

/ Indian Market /

Adar Poonawalla’s Serene Productions has entered into a strategic agreement to acquire a 50% stake in Karan Johar’s Dharma Productions and its digital content arm, Dharmatic Entertainment, for ₹1,000 crore. Karan Johar will retain 50% of his remaining ownership and continue as the executive chairman, while Apoorva Mehta will remain the production house’s chief executive […]

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PNC Infratech Plummets 20% After One-Year Ban from Road Ministry Tenders

PNC Infratech Plummets 20% After One-Year Ban from Road Ministry Tenders

/ Indian Market /

Shares of PNC Infratech dropped 20% to hit the lower circuit at ₹366 on October 21, following a one-year disqualification from participating in tenders issued by the Ministry of Road Transport & Highways. The ban, which came into effect on October 18, 2024, also extends to the company’s subsidiaries, PNC Khajuraho Highways and PNC Bundelkhand

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Garden Reach Shipbuilders Secures ₹491 Crore Contract from Ministry of Defence

Garden Reach Shipbuilders Secures ₹491 Crore Contract from Ministry of Defence

/ Indian Market /

Garden Reach Shipbuilders & Engineers (GRSE) will be in focus on October 21 after securing a significant Letter of Intent (LoI) from the Ministry of Defence. The ₹491 crore contract entails the design, development, construction, integration of equipment, testing, certification, and commissioning of an Acoustic Research Ship (ARS) within a 36-month timeline. Recent Contracts and

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RBL Bank Q2 FY25 Profit Drops 24% YoY to ₹222.52 Crore, Asset Quality Weakens

RBL Bank Q2 FY25 Profit Drops 24% YoY to ₹222.52 Crore, Asset Quality Weakens

/ Indian Market /

RBL Bank reported a 24.3% year-on-year decline in net profit to ₹222.52 crore for the second quarter of FY25, with a sharp sequential drop of 40.1%. The bank’s gross non-performing asset (NPA) ratio increased to 2.88% as of September 30, 2024, compared to 2.69% in the previous quarter and 3.12% a year earlier. Net NPA

RBL Bank Q2 FY25 Profit Drops 24% YoY to ₹222.52 Crore, Asset Quality Weakens Read More »

PG Electroplast Approves ₹1,500 Crore Fundraising via QIP, Plans EGM for Shareholder Approval

PG Electroplast Approves ₹1,500 Crore Fundraising via QIP, Plans EGM for Shareholder Approval

/ Indian Market /

PG Electroplast’s board has approved raising up to ₹1,500 crore through Qualified Institutional Placement (QIP) in a meeting on October 19. The board also approved the draft notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for the QIP issuance through a special resolution. The proposed QIP of ₹1,500 crores is in compliance

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Tata Communications Prepares for AI Cloud Trials with Nvidia, Eyes Enterprise Market Expansion

Tata Communications Prepares for AI Cloud Trials with Nvidia, Eyes Enterprise Market Expansion

/ Indian Market /

Tata Communications is gearing up to launch trials for its AI Cloud platform, developed in partnership with Nvidia, by the end of the year, while actively engaging with enterprise customers to secure initial deals. Managing Director and CEO AS Lakshminarayanan revealed that interest is already emerging from sectors like manufacturing and retail, with cautious exploration

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Zee Entertainment Shares Surge Over 5% Following Q2 FY25 Results Announcement

Zee Entertainment Shares Surge Over 5% Following Q2 FY25 Results Announcement

/ Indian Market /

Shares of Zee Entertainment Enterprises Ltd (ZEEL) jumped 5.26% to ₹132.37 on the NSE by 3:02 PM on October 18, following the release of the company’s Q2 FY25 results. The stock saw an opening price of ₹125.00, hitting an intraday high of ₹132.97 and a low of ₹124.92 during the trading session. Stock Performance Overview:

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Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22

Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22

/ Indian Market /

Shares of Mazagon Dock Shipbuilders jumped over 5% on October 18 after the company announced plans to discuss a stock split and interim dividend at its board meeting scheduled for October 22. The state-run defense firm’s stock surged to a day’s high of ₹4,460 on the NSE, and was trading at ₹4,430, up 4.54%, by

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Infosys Stock Falls 4% After Slight Q2 Earnings Miss

Infosys Stock Falls 5% After Slight Q2 Earnings Miss

/ Indian Market /

Shares of Infosys fell by as much as 5% in early trading on October 18, following a slight miss in its Q2 FY25 earnings report. The company’s consolidated net profit came in at ₹6,506 crore, a 2.2% sequential increase but below the ₹6,769 crore estimate. Revenue rose 4.2% quarter-on-quarter to ₹40,986 crore, slightly missing the

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Manappuram Finance Shares Plunge 15% After RBI Orders Asirvad Micro Finance to Halt Loan Disbursals

Manappuram Finance Shares Plunge 15% After RBI Orders Asirvad Micro Finance to Halt Loan Disbursals

/ Indian Market /

Shares of Manappuram Finance fell sharply by 15% on October 18, hitting the lower circuit at ₹150.73 on the NSE, following a directive from the Reserve Bank of India (RBI). The central bank has instructed Asirvad Micro Finance Limited, a key subsidiary of Manappuram Finance, to stop sanctioning or disbursing loans from the close of

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