Without too many people noticing, Indian 10-year bond yields have dipped sharply down to the 2009 lows. At around 6.6%, the 10-year G-Sec yield is lower than the levels we had seen at the peak of the global economic crisis in 2009. What is different is the correlation between the repo rate and the 10-year …
Marico Domestic Business: Modest volume growth, driven by Saffola Oils and Foods segments. Value Added Hair Oils faced headwinds but are expected to recover. Project SETU aims to expand direct reach. International Business: Strong double-digit constant currency growth on the back of resilient and broad-based growth across markets. Consolidated Revenue: High single-digit growth despite pricing …
IndusInd Bank Ltd, a leading private sector lender in India, released its financial performance for the first quarter of the fiscal year 2025 (Q1 FY2025), showcasing positive growth in key areas. The bank’s net advances, which represent the total amount of credit disbursed to customers, witnessed a significant jump of 16% to ₹3,48,107 crore as …
Punjab & Sind Bank aims to significantly expand its presence across India in the current financial year, with plans to open 100 new branches and add 100 ATMs to its network. The Managing Director of the bank, Swarup Kumar Saha highlighted that this initiative will increase the bank’s branch count to 1,665 and ATM count …
Cupid Ltd announced in a stock exchange filing the grand opening of its new Mother Warehouse in Bhiwandi, Mumbai. The company stated that this strategic initiative addresses the significant growth of its business-to-consumer segment. Launched just six months ago, Cupid’s consumer business, under the brand names “Cupid,” “Cupisure,” and “Cupikit,” has already made a substantial …
JM Financial announced that it had consolidated its wholesale debt syndication and distressed credit businesses. As part of this move, JM Financial Limited (JMFL) will acquire an additional 42.99% stake in JM Financial Credit Solutions Limited (JMFCSL) for approximately ₹1,282 crore, increasing its stake to 89.67%. Additionally, JMFCSL will purchase a 71.79% stake in JM …
On July 06, 2024, Tata Steel announced provisional 1QFY2025 production and delivery volumes. Tata Steel: 1QFY2025 Production and Delivery Volumes (Provisional) Items (in million tons) 1QFY25 (Provisional) 4QFY24 (Actual) 1QFY24 (Actual) Production volume: Tata Steel India² 5.25 5.4 5.02 Tata Steel Netherlands 1.72 1.48 0.94 Tata Steel UK 0.68 0.66 0.85 Tata Steel Thailand 0.31 …
The top private sector bank, IDBI, released its quarterly results for the fiscal year 2023–2024, revealing a 43.7% increase in net profit, or rupees 1628.5 crore, over the same period the previous year (Rs. 1134.4 crore). Following these results, which show an all-time high in net profit, the share price is currently rising slowly, up …
Trent Limited is an Indian retail company, which is part of the Tata Group and based in Mumbai. Started in 1998, Trent owns and operates fashion and lifestyle retail formats such as Westside, Zudio, and Utsa. The company also runs retail chains like Star Bazaar and Zara through joint ventures. The stock of Trent Ltd. …
Following their initial announcement on May 2nd, 2024, Coforge Limited has successfully acquired a strategic stake in Cigniti Technologies Limited. Transaction Details Date of Acquisition: July 4, 2024 Number of Shares Acquired: 3,021,293 Stake Acquired: 11.07% of current paid-up share capital, 10.97% of expanded capital (as per draft letter of offer dated May 16, 2024) …
