Piramal Enterprises, a leading NBFC, posted a net profit of ₹39 crore for Q3FY25, a significant turnaround from a ₹2,378 crore loss in the same quarter last year. The previous year’s loss was due to a one-time provision of ₹3,540 crore on its Alternate Investment Fund (AIF) book following an RBI directive. This quarter, a …
Bajaj Housing Finance Ltd reported a 25% increase in net profit to ₹548.02 crore for Q3FY25, compared to ₹436.97 crore in the same period last year. The company’s net interest income (NII) grew by 25.8% YoY to ₹2,321.9 crore from ₹1,845.47 crore. Rising Expenses and Provisions Total expenses rose 26% to ₹1,736 crore during the …
The standard deduction is a fixed amount that salaried individuals can subtract from their taxable income without needing to provide any documentation or proof of expenses. First introduced in 1974 under Section 16 of the Income Tax Act, this deduction has undergone several changes over the years. History of Standard Deduction Introduction in 1974 The …
India’s Information Technology (IT) sector remains a vital contributor to the economy, significantly boosting GDP and export revenues. Despite challenges from the COVID-19 pandemic, the IT industry displayed remarkable resilience, enabling remote work through robust infrastructure and driving stock market growth. Encompassing IT services, software, R&D, outsourcing, and e-commerce, the IT-BPM sector has also seen …
Several key corporate actions are set to keep stocks like BPCL, MPS, and Technopack Polymers in the spotlight during today’s trading session. These companies will turn to ex-date tomorrow, January 29, 2025, for their dividend and bonus announcements. What is the Ex-Date? The ex-date marks when a stock trades without entitlement to a dividend or …
Apar Industries share price plunged 20% on Tuesday, January 28, 2025, following weaker-than-expected December quarter results on most parameters. The stock was trading at ₹7,172.60 at 1:07 PM (IST), significantly lower than its 52-week high of ₹11,797.35 reached on January 8, 2025, and above its 52-week low of ₹5,464.05 recorded on January 29, 2024. As per …
On January 27, 2025, the National Stock Exchange (NSE) announced on Monday, January 27, that the shares of ITC Hotels Ltd., which was spun off from its parent company ITC Ltd., will start trading on Wednesday, January 29. Shareholders of ITC Ltd. will receive 1 share of the newly independent ITC Hotels for every 10 …
India’s major oil refiner, Bharat Petroleum Corporation Limited (BPCL) has set Jan 29, 2025, as the record date for its interim dividend for FY25. On January 22, 2025, BPCL declared an interim dividend of ₹5. The company further stated that the interim dividend be paid on February 20, 2025, to the equity shareholders of the …
On January 28, 2025, Wipro shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹6 interim dividend. On January 17, 2025, Wipro announced an interim dividend of ₹6. Wipro Dividend History Ex-Date Dividend Type Dividend Amount (₹) Jan 24, 2024 Interim 1 Jan 24, 2023 Interim 1 April …
On January 28, 2025, Bank of India share price traded 2.59% higher at ₹107 at 10:30 AM (IST), while the BSE benchmark Sensex jumped 355.03 points to 75,721.20. Bank of India’s share price reached a 52-week high of ₹158 on April 30, 2024, and a 52-week low of ₹90 on January 13, 2025. As per BSE, the …
