Indian Market - Lakshmishree News

Swiggy Lowers IPO Valuation Target to $12.5-13.5 Billion Amid Market Volatility

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 […]

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Adani Wilmar Posts Rs 311 Crore Profit in Q2, Shares Jump 6% on Improved Performance

Lisl News Desk / Indian Market

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.

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Dixon Tech Q2 Results: Net Profit Surges 263% to Rs 412 Crore, Revenue Soars 133%

Lisl News Desk / Indian Market

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

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Ashok Leyland’s Subsidiary Secures 500 E-Bus Order, Shares Climb

Lisl News Desk / Indian Market

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

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TCS Launches Nvidia Business Unit to Accelerate AI Adoption

Lisl News Desk / Indian Market

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

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Adani Power to Mull Rs 5,000 Crore Fundraising via NCDs Next Week Amid Share Price Weakness

Lisl News Desk / Indian Market

Adani Power Ltd announced that its board will consider raising up to Rs 5,000 crore through the issuance of non-convertible debentures (NCDs) during its upcoming board meeting on October 28, 2024. The company disclosed in a late-evening stock exchange filing that the funds could be raised through public offerings or private placements, in one or

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Jyoti Structures Secures Rs 450 Crore Order from Adani Energy Solutions; Shares Surge 5%

Lisl News Desk / Indian Market

Shares of Jyoti Structures climbed 5% on October 23, following the announcement that the company had secured a Rs 450 crore order from Adani Energy Solutions. The contract involves the development of a 765 kV direct current (DC) Bhuj II-Lakadia transmission line at Navinal, Gujarat. The scope of work covers a range of activities, including

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Sonata Software Rises 5% After Securing Multi-Year AI Deal with Fortune 500 Firm

Lisl News Desk / Indian Market

Sonata Software’s stock climbed 5% to Rs 613 on October 23 after the company announced a significant multi-year managed services contract with a Fortune 500 manufacturing giant. The deal focuses on leveraging AI-driven solutions to modernize the client’s global operations and support its digital transformation initiatives. Sonata will implement a scalable operational framework that combines

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KPIT Board Approves Rs 2,880 Crore QIP; Reports 8% Sequential Revenue Growth

Lisl News Desk / Indian Market

KPIT Technologies’ board approved a Rs 2,880 crore fundraising through a qualified institutions placement (QIP) on October 23, a strategic move to support future growth initiatives. Alongside the fundraising decision, KPIT reported its financial results for the quarter ended September 2024, with revenue rising 8% sequentially to Rs 1,471 crore, up from Rs 1,364 crore

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