ITC Hotels, the demerged hotels arm of ITC Ltd., will make its stock market debut today on NSE and BSE. The listing follows ITC’s decision to spin off its hotel business into a separate entity to unlock value for shareholders. Accordingly, for every 10 shares of ITC as on January 6, 2025, investors have got […]
ITC Hotels to List on NSE, BSE Today; Expected Listing Price and Market Valuation Read More »
Cipla, one of India’s leading pharmaceutical companies, reported a 49% rise in its consolidated net profit for Q3 FY25, reaching Rs 1,571 crore. This is a significant jump compared to Rs 1,056 crore in the same quarter last year and also surpasses market estimates of Rs 1,225 crore as polled by Moneycontrol. It reported the
Cipla Q3 Results: Net Profit Jumps 49% to Rs 1,571 Crore, Beats Market Expectations Read More »
Larsen & Toubro (L&T) has bagged a significant order, valued up to Rs 2,500 crore, to build Uzbekistan’s first AI-enabled and sustainable 10-Megawatt data centre in Tashkent, the company announced on January 28. The project will be executed through the engineering, procurement, and construction (EPC) model. This data centre, in addition to state-of-the-art artificial intelligence
L&T Wins Rs 2,500 Crore Order for Uzbekistan’s First AI-Enabled Data Centre Read More »
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
