On July 30, 2024, Vedanta Limited, a top global company in critical minerals, energy, and technology, announced that 75% of its secured creditors had approved its plan to move forward with its demerger. Vedanta will now seek clearance from stock exchanges and file its demerger scheme with the National Company Law Tribunal (NCLT). Strategic Vision …
On 30 July 2024, Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India’s largest retail health insurance provider, announced its Q1FY25 financial results. The company reported a significant 18% increase in Gross Written Premium (GWP), reaching ₹3,476 crore, compared to ₹2,949 crore in the same period last year. Additionally, their Profit After Tax …
GAIL (India) Limited has announced its financial results for the quarter ended June 2024. The company showcased strong financial performance in Q1 FY25. The company’s Revenue from Operations increased to ₹33,692 crore, compared to ₹32,227 crore in Q1 FY24, reflecting a notable year-on-year growth. The Profit before Tax (PBT) surged to ₹3,642 crore in Q1 …
Macrotech Developers Ltd (Lodha) announced its financial results for the quarter ended June 30, 2024, showcasing a stellar performance. The company reported its best-ever Q1 pre-sales performance with robust margins, adding three new projects in the Mumbai Metropolitan Region (MMR) and Pune, with a combined Gross Development Value (GDV) of ₹111 billion. For Q1FY25, Lodha’s …
Fischer Medical Ventures Limited has announced the incorporation of its wholly-owned subsidiary, Flynncare Health Innovations Private Limited, effective July 29, 2024. Flynncare Health Innovations Private Limited is established as a direct wholly-owned subsidiary of Fischer Medical Ventures, thereby categorising it as a related party. The new subsidiary will focus on developing, designing, and providing health …
HFCL Limited informed the stock exchanges that the company has indigenously designed and developed cutting-edge defence technologies, including electronic fuzes, Ti cores for thermal sights, thermal weapon sights for light machine guns and assault rifles, ground surveillance radars for various ranges and applications, and high-capacity radio relays. The company is also in advanced discussions to …
Robust Financial Performance Boosts Investor Confidence Torrent Power Limited has announced its financial results for the quarter ended June 30, 2024, showcasing a significant surge in profitability and revenue. The company’s consolidated profit after tax (PAT) has risen to Rs 464 crores, driven by increased contributions from merchant power sales and licensed distribution businesses. This …
Shares of Phoenix Mills Ltd., a leading mall operator, are set to be in the spotlight on Wednesday as the company’s board meets to discuss its June quarter results and a proposed bonus issue of shares. This marks a significant event, as it will be the first instance in nearly two decades that Phoenix Mills …
On July 30, 2024, the benchmark indices Nifty was up 0.09% to close at 24,857 and Sensex was up 0.12% to close at 81,455. Top Gainers and Losers On the sectoral front, Nifty Consumer Durables, Nifty Media, Nifty Auto and Nifty Oil and Gas ended in the green. Meanwhile, Nifty FMCG, Nifty Healthcare Index, Nifty …
Oriental Rail Infrastructure Ltd is engaged in the manufacturing, buying, and selling of Recron, seat and berth components, Compreg boards, and timber products, has secured a significant order from Modern Coach Factory (MCF), Raebareli, Indian Railways. The order, valued at Rs 1,92,22,200 (Rupees One Crore Ninety-Two Lakh Twenty-Two Thousand Two Hundred only), is for the …
