NHPC (Rs. 2603.20 crore), NBCC (Rs. 2347.03 crore), HUDCO (Rs. 1444.52 crore), SJVN (Rs. 1299.00 crore), L&T (Rs. 1126.25 crore), PNB (Rs. 992.97 crore), Adani Ports SEZ (Rs. 904.89 crore), RIL (Rs. 904.55 crore), HDFC Bank (Rs. 847.13 crore), and Indian Renewable (Rs. 749.13 crore) were among the most traded stocks on the National Stock […]
Shares of Housing & Urban Development Corporation Ltd, HUDCO and NBCC India soared by up to 16 percent each on February 2, following Finance Minister Nirmala Sitharaman’s Budget 2024 announcement promising the development of two crore houses over the next five years under the PM Awas Yojana (PMAY) Grameen. In her speech, Sitharaman stated, “Despite […]
The HSBC PMI (Purchasing Managers’ Index) for India’s manufacturing sector reached a four-month high at 56.5 in January, as revealed in data released on February 1. Although slightly lower than the flash PMI of 56.9 released on January 24, the index remains above the key level of 50 for the 31st consecutive month, indicating expansion […]
Reliance is reportedly in the final stages of discussions with Walt Disney to merge its media businesses in India, where Reliance is expected to secure a controlling stake of 51%-54%, valuing Disney’s domestic business at $3.5 billion. Analysts had previously valued Disney’s India unit at $15-$16 billion during Disney’s acquisition of Fox in 2017. Additionally, […]
On February 1, Indus Towers witnessed a significant block deal amounting to Rs 5,229 crore, involving approximately 24.7 crore shares, representing a 9.2 percent stake in the company. Post the block deal, shares of Indus Towers experienced a 1.2 percent decline, trading at Rs 219.40 on the NSE at 10:14 am. While the specific buyers […]
Jindal Steel & Power (JSPL) has reported a consolidated net profit of Rs 1,928 crore for the third quarter of FY24, marking an impressive gain of 272 percent compared to the same period last year. The company attributed this significant increase to recent price hikes and improved realizations, benefiting from a robust domestic demand environment. […]
Dabur announced on Wednesday its plans to inaugurate a new manufacturing unit in southern India, earmarking an investment of Rs 135 crore for this endeavor. The facility will be dedicated to producing a diverse range of Dabur’s Ayurvedic Healthcare, personal care, and home care products, including popular items like Dabur Honey, Dabur Red Paste, and […]
Dixon Technologies reported a robust financial performance for the December quarter of FY24, announcing a net profit of Rs 97.1 crore. This figure reflects a substantial 87.1 percent growth compared to the net profit of Rs 52 crore recorded in the same period last year. The company’s total revenue for the quarter reached Rs 4,818.3 […]
In a notification issued on Wednesday, the Reserve Bank of India (RBI) has directed Paytm to cease offering basic payment services, including Unified Payments Interface (UPI), Immediate Payment Service (IMPS), Aadhaar-enabled payments, and bill payment transactions, effective February 29. Additionally, the Noida-based company has been instructed to discontinue accepting deposits, credit transactions, or any wallet […]
PharmEasy’s Parent Firm API Holdings Reports 16% Rise in Operating Revenue to Rs 6,644 Crore in FY23
PharmEasy’s parent company, API Holdings, has reported a 16% increase in operating revenue to Rs 6,644 crore during FY23. However, its net loss grew by 30% to Rs 5,212 crore on a consolidated basis. The Mumbai-based company strategically reduced advertising and promotional expenses to Rs 235 crore, less than half of the amount incurred in […]