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BSE Launches New Thematic Index: BSE Premium Consumption For Investors

BSE Launches New Thematic Index: BSE Premium Consumption For Investors

18 October 2024

Over the past 143 years, the BSE, which was the first stock exchange in Asia when it was founded in 1875 and the first in the nation to receive permanent recognition under the Securities Contract Regulation Act of 1956, has experienced an intriguing ascent to prominence. The history of the Indian securities market is equally …

Reliance Industries arms has entered into an agreement with Mothercare to form a JV

Reliance Industries arms has entered into an agreement with Mothercare to form a JV

18 October 2024

Reliance Industries Limited’s retail venture, Reliance Retail, is essential to the group’s customer-facing operations. In India, Reliance Retail has played a leading role in the retail revolution. One of the retailers with the fastest rate of growth in the world is Reliance Retail. It is the only Indian retailer to be included in the Top …

Share Price of Manappuram Finance Witnesses Sharpest Fall Since 2020: Here’s Why

Share Price of Manappuram Finance Witnesses Sharpest Fall Since 2020: Here’s Why

18 October 2024

Introduction  The share price of Manappuram Finance Ltd saw a significant plunge of over 12% on Friday, marking its sharpest decline since 2020. At around 11:14 AM, the stock was trading at Rs 148.75 on the NSE, down by 12.6%. This sharp drop was triggered by regulatory actions and subsequent downgrades from multiple brokerages. Let’s …

Zomato Board To Meet On Oct 22 To Discuss QIP

Zomato Board To Meet On Oct 22 To Discuss QIP

18 October 2024

Zomato was introduced in 2010. In order to meet their various needs, our technology platform links customers, delivery partners, and restaurant partners. Customers use our platform to find and search restaurants, order food delivery, reserve a table, write and read reviews left by other customers, view and upload photos, and make payments when dining out. …

Infosys Shares Tumbled Over 3%: Check Why?

Infosys Shares Tumbled Over 3%: Check Why?

18 October 2024

The leading IT giant, Infosys has released its results for the quarter ended September 30, 2024 (Q2 FY25), wherein, it reported a net profit of ₹6,506 crore for Q2 FY25, a quarter-on-quarter increase of 2.2% from ₹6,368 crore, though this fell short of analysts’ expectations. Revenue for the July-September period grew 4.2% quarter-on-quarter, reaching ₹40,986 …

Polycab Share Price Dips 2%; Company Achieves ₹1,01,965 Million Revenue in H1 FY25

Polycab Share Price Dips 2%; Company Achieves ₹1,01,965 Million Revenue in H1 FY25

18 October 2024

Polycab India Limited has reported its financial results for the second quarter and the first half of the fiscal year 2025.  H1 FY 2025 Financial Performance For the half-year ended September 30, 2024, the company achieved remarkable revenue of ₹1,01,965 million, marking a substantial increase of 26% compared to ₹81,071 million in the same period …

Axis Bank Share Price Climbs 4.58% Following 18% YoY Net Profit Growth in Q2FY25

Axis Bank Share Price Climbs 4.58% Following 18% YoY Net Profit Growth in Q2FY25

18 October 2024

Axis Bank Limited recently announced its financial results for the quarter and half year ending September 30, 2024, showcasing robust growth across various metrics.  The bank reported an operating profit of ₹10,712 crore for Q2FY25, marking an increase of 24% year-on-year (YoY) and 6% quarter-on-quarter (QoQ). Notably, the core operating profit, which excludes trading profit, …

JSW Energy Signs 1,200 MW Hybrid Power Purchase Agreements with MSEDCL

JSW Energy Signs 1,200 MW Hybrid Power Purchase Agreements with MSEDCL

18 October 2024

JSW Energy Limited has made significant strides in the renewable energy sector with the announcement of Power Purchase Agreements (PPAs) signed by its step-down subsidiaries, JSW Renew Energy Six Limited and JSW Renew Energy Thirty Limited.  These agreements, made with Maharashtra State Electricity Distribution Company Ltd (MSEDCL), pertain to two hybrid projects that combine solar …

Zydus Lifesciences Shares in Focus: Received Final Approval From US FDA

Zydus Lifesciences Shares in Focus: Received Final Approval From US FDA

18 October 2024

Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Fludrocortisone Acetate Tablets USP, 0.1 mg (USRLD: Florinef Tablets, 0.1 mg). This approval marks a significant milestone for Zydus, as it expands its portfolio of generic medications and solidifies its presence in the US market.   Fludrocortisone acetate …

Adani Enterprises Shares in Focus: Finished QIP of ₹4,200 Crore

Adani Enterprises Shares in Focus: Finished QIP of ₹4,200 Crore

18 October 2024

On October 17, 2024, Adani Enterprises Limited (AEL) announced in an exchange filing that it has successfully completed a Qualified Institutional Placement (QIP) of equity shares with a face value of ₹1 each, raising approximately ₹4,200 crores (USD 500 million). A total of 1,41,79,608 shares were allocated at an issue price of ₹2,962 per share. …

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