Grasim Industries reported a 41% year-on-year (YoY) drop in net profit for the third quarter, reaching ₹899 crore. The decline was mainly due to higher interest and depreciation costs resulting from investments in the building materials sector. Revenue and EBITDA Performance Despite the profit drop, the company’s revenue from operations grew by 9% YoY to …
Several dividend-paying stocks, including Hero MotoCorp, Cochin Shipyard, ITC, and 7 others, will be in the spotlight during Tuesday’s trading session. These companies have recently announced interim dividends for their shareholders. Key Dividend Announcements The following companies have declared interim dividends and will trade ex-dividend on February 12, 2025, as per BSE data: Hero MotoCorp …
Indian Overseas Bank (IOB) has announced a revision in its External Benchmark Lending Rate (EBLR), following the Reserve Bank of India’s (RBI) recent decision to lower the Repo Rate. This adjustment aligns with the new monetary policy directive, effective from February 11, 2025. RBI’s Repo Rate Cut and Its Impact The Reserve Bank of India …
The Oil and Natural Gas Corporation Limited (ONGC), a prominent Indian central public sector undertaking, stands as the nation’s foremost government-owned explorer and producer of oil and gas. It commands approximately 70% of India’s domestic crude oil production and 84% of its natural gas output. ONGC has Partnered with BP In a strategic collaboration, ONGC …
Chalet Hotels, a distinguished entity under the K Raheja Corp Group, has announced the acquisition of Mahananda Spa and Resorts, the proprietor of The Westin Resort & Spa, Himalayas, for an enterprise valuation of ₹530 crore. The acquisition, disclosed on Monday, marks a pivotal move in the company’s strategic expansion. Acquired 100% Stake in Mahananda …
On February 11, 2025, the share price of Bharat Heavy Electricals Limited (BHEL) fell by approximately 3%, reaching a low of ₹195.90 at 10:40 AM, after opening at ₹203.05. Currently, BHEL share price is hovering near its 52-week low of ₹185.20. BHEL’s Q3FY25 Financial Performance BHEL reported a significant increase in its consolidated net profit for the …
On February 11, 2025, shares of Engineers India Limited (EIL) dropped by approximately 3% during morning trading, hitting a day’s low of ₹165.00 at 09:20 AM after opening at ₹168.15. The decline in EIL share price followed the company’s release of financial results for the quarter ending December 31, 2025. Despite reporting a strong 72% year-on-year (YoY) …
The integrated power utility company Torrent Power Limited has set Feb 12, 2025, as the record date for its interim dividend for FY25. On February 04, 2025, Torrent Power declared an interim dividend of ₹14. The company further stated that the interim dividend be paid on March 06, 2025. Torrent Power Record Date: What This …
On February 11, 2025, Symphony shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹2 interim dividend. Symphony Dividend History Ex-Date Dividend Type Dividend Amount (₹) Nov 07, 2024 Interim 2.00 Aug 21, 2024 Interim 1.00 July 26, 2024 Final 8.00 Symphony Q3FY25 Earnings Highlights Revenue showed a …
Credit card holders in India are facing a wave of changes as banks revise their fee structures, reward programmes, and spending conditions. Leading banks such as Axis Bank, HDFC Bank, SBI Card, and YES Bank have introduced new fees, adjusted spending thresholds, and restricted reward points across various categories. With further modifications expected in 2025, …
