Upcoming IPOs: 9 new public issues to hit the market next week, 6 listings scheduled
Mumbai, Feb 9 (IANS) Nine new initial public offerings (IPOs) are scheduled to open for subscription next week, with three mainboards — Ajax Engineering, Hexaware Technologies, and Quality Power — and six SMEs to hit the market. The Ajax Engineering IPO will open for subscription on February 10 and close on February 12. This is […]
German shipper mulls placing container ship order with Hanwha Ocean
Seoul, Feb 9 (IANS) German shipping firm Hapag-Lloyd may turn to South Korean shipbuilder Hanwha Ocean Co. for its next batch of container ship newbuildings worth over 1.7 trillion won ($1.2 billion), according to foreign news media. Hapag-Llyod is considering placing an order to build six liquefied natural gas (LNG) dual-fuel container carriers with Hanwha […]
Tata Power posts 10 pc jump in Q3 net profit at Rs 1,188 crore
Mumbai, Feb 4 (IANS) Tata Power on Tuesday reported a robust 10 per cent increase in net profit to Rs 1,188 crore for the Oct-Dec quarter of the current financial year compared to the corresponding figure of Rs 1,076 crore in the same period of 2023-24. The Tata Group company said the strong performance was […]
Budget sentiments over, market’s focus now shifts to RBI MPC meet on Feb 7
New Delhi, Feb 3 (IANS) The market is expected to digest the budget announcements and shift its focus back to earnings and the forthcoming RBI monetary policy committee (MPC) meeting slated on February 7, according to a report on Monday. The MPC may go for a 25bps rate cut to further ease the liquidity in […]
States should boost biz reforms to generate higher incomes for citizens: Eco Survey
New Delhi, Jan 31 (IANS) States should focus on business reforms on a priority basis to achieve buoyancies in some industrial or service sectors, the Economic Survey 2024-25 said on Friday. The Survey specified that four states – Gujarat, Maharashtra, Karnataka, and Tamil Nadu – account for about 43 per cent of the total industrial […]
Headcount of investors in India’s capital markets leaps from 4.9 crore to 13.2 crore in last 4 years
New Delhi, Jan 31 (IANS) India’s capital markets have demonstrated strong performance, driving capital formation in the real economy, increasing the financialisation of domestic savings, and supporting wealth creation, the Economic Survey 2024-25 stated. Investor participation in capital markets has been on the rise, with number of investors growing from 4.9 crore in FY20 to […]
Nestle India’s Q3 profit jumps 6 pc, declares Rs 14.25 dividend per share
New Delhi, Jan 31 (IANS) Nestle India on Friday announced a 5 per cent increase in its consolidated net profit, at Rs 688 crore, in the third quarter of financial year 2024-25, as compared to Rs 655 crore in the same period of the last fiscal. The company witnessed profit in Q3 due to higher […]
Black Box continues to power next-gen digital infrastructure with order wins across industry verticals
Mumbai, Jan 30 (IANS) Black Box Limited, Essar’s technology arm, on Thursday, announced its order wins across industry verticals. A leading global digital infrastructure integrator, Black Box is trusted by Fortune 500 companies worldwide. Black Box, with a presence across 35 countries and six continents, empowers businesses to accelerate growth and enhance user experiences through […]
Adani Power logs 7.4 pc net profit growth in Q3, revenue up 11 pc
Ahmedabad, Jan 29 (IANS) Adani Power on Wednesday reported 7.4 per cent growth in net profit at Rs 2,940 crore in Q3 FY25, compared to Rs 2,738 crore in the same period last fiscal (FY24). Consolidated EBITDA for Q3 FY25 was higher by 23 per cent at Rs 6,185 crore compared to Rs 5,009 crore […]
Bajaj Finance Q3 profit rises 18 per cent to Rs 4,308 crore
Mumbai, Jan 29 (IANS) Bajaj Finance Limited on Wednesday reported a 18 per cent year-on-year (YoY) rise in its consolidated net profit for the third quarter (Q3) of FY25 at Rs 4,308 crore. The company’s net interest income (NII) also saw a significant rise of 23 per cent YoY at Rs 9,382 crore compared to […]
