Choice International , a leading Indian financial services company, delivered robust results for the first quarter of FY2025 (Q1 ended June 30, 2024). Financial Highlights Revenue: Surged 48% year-over-year (YoY) to ₹205.9 crore, demonstrating significant top-line growth. EBITDA: Increased 55% YoY to ₹58.2 crore, showcasing strong profitability. EBITDA Margin: Expanded to 28.27%, indicating efficient cost …
Coromandel International Limited has announced a significant strategic investment involving the acquisition of additional equity in Coromandel Crop Protection Philippines Inc. (CCPP). The company has executed an agreement to subscribe to equity shares in CCPP, infusing USD 1,93,000 into CCPP. This investment will increase Coromandel International’s stake in CCPP from the current 40% to 93.23%, …
Dixon Technologies (India) Ltd has announced in a stock exchange filing an update on their earlier intimation dated April 8, 2024, regarding the acquisition of a majority stake in Ismartu India Private Limited. The announcement detailed that Dixon Technologies had entered into a Share Purchase Agreement (SPA) with Ismartu In Pte. Limited, Transsion Technology Limited, …
On July 18, 2024, Persistent Systems announced its audited financial results for the quarter ending June 30, 2024. The company reported revenue of ₹27,371.7 million, reflecting a 5.7% increase quarter-over-quarter and a 17.9% increase year-over-year. The net profit stood at ₹3,064.2 million, up by 33.9% year-over-year. The 34th Annual General Meeting of the company was …
Tata Technologies announced a strategic partnership with Arm to drive innovation in software-defined vehicles (SDVs). This collaboration leverages Tata Technologies’ extensive automotive domain expertise and software capabilities alongside Arm® Automotive Enhanced (AE) technologies, aiming to reduce SDV development time for automotive OEMs. As the automotive industry shifts towards connected, autonomous, and electric vehicles, the demand for …
On July 18, 2024, Dalmia Bharat Limited, a major cement manufacturer, announced its consolidated financial results for the quarter ending June 30, 2024. Q1 FY25 Highlights For Q1 FY25, Dalmia Bharat Limited reported several key achievements. As of June 30, the company had an installed cement capacity of 45.6 MnT, with a current capacity of …
Nazara Technologies announced the acquisition of an additional 48.42% stake in Paper Boat Apps Pvt. Ltd (PBA) from its promoters Anupam and Anshu Dhanuka for a sum of Rs 300 crore to be paid in cash in tranches to take its ownership in PBA to 100%. This strategic move is aimed at accelerating the global …
On July 18, 2024, Dr Reddy’s Laboratories Ltd announced a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited. This agreement allows Dr Reddy’s to market Vonoprazan tablets in India. Vonoprazan is a new, orally active medication that blocks stomach acid and is used to treat conditions like reflux esophagitis and other acid-peptic disorders. Dr …
Benchmark indices traded significantly lower today, reflecting the deterioration in overnight US market trades and weak sentiments across major Asian markets. Financial services, banking, metals, and IT stocks were the most affected. At 10:00 am, the BSE Sensex slumped 0.60% reaching a level of 79,671. The Nifty 50 index tumbled 0.56% to the 24,277 level. …
Indian markets witnessed a significant downturn today, with the NSE benchmark Nifty50 index experiencing its steepest single-day drop since the election results. Broader market indices also took a severe hit, with the Nifty Midcap 100 and Smallcap 100 indices falling by 1.84% and 1.57%, respectively. Rallis India Takes a Steep Fall Among the hardest-hit stocks …
