ITC announced its Q4 FY24 results today, the company’s revenue surged by 1.1% to reach Rs.16,579 crore, reflecting a growth trajectory. However, net profit witnessed a marginal decline of 1.3% to Rs.5,020 crore, because of flattened cigarette sales. Similarly, EBITDA figures also exhibited a slight reduction, down by 0.8% to Rs 6,162 crore along with …
Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad, The flagship company is expected to replace Wipro Ltd. in the benchmark index Sensex 30 in the semi-annual rebalancing exercise of the BSE indices. What is Index Rebalancing? Index rebalancing involves an initial …
TVS Motor Company (TVSM), a global leader in the two- and three-wheeler industry, announced its official entry into the Italian market. This strategic expansion marks a significant step forward for TVSM, solidifying its position as a major player on the world stage. Offering Premium Mobility Solutions to Italian Consumers Italian consumers can now experience the …
Indian Energy Exchange (IEX) reported a robust financial performance for the quarter and financial year ended March 31, 2024. The Board of Directors approved the audited financial results, showcasing the company’s solid growth and strategic advancements. Financial Performance In Q4FY24, the company achieved a consolidated net profit of 966.9 million rupees, an increase from 883.4 …
On May 15, 2024, the Nifty 50 fell 0.03% and closed at 22,210, and the Sensex dropped 0.16%, closing at 72,987. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Realty, Nifty Oil and Gas, and Nifty Consumer durables ended in the green. Meanwhile, Nifty FMCG, Nifty Media, Nifty Auto, and Nifty …
Granules India Limited, a leading vertically integrated pharmaceutical company, announced its financial results for the fourth quarter (Q4) and full fiscal year (FY) 2024, ending March 31, 2024. The report paints a mixed picture, with a slight decline in overall revenue balanced by a significant increase in the North American market. Revenue Trends and Market …
The Indian stock market has been a bit of a roller coaster ride in 2024. While the S&P BSE Sensex Index only went up 0.47% in the past two months, there’s been a lot of movement underneath the surface. This volatility is likely due to factors like the upcoming elections, which can make investors jittery. …
Established over a century ago, Oil India (OIL) traces its roots back to the discovery of crude oil in Digboi, Assam, in 1889. Originally known as Burma Oil Company (BOC), the company witnessed several transformations before emerging as the entity we know today. Corporate Structure: Incorporated as ‘Oil India Private Ltd‘ on February 18, 1959, …
ICICI Securities, the broking subsidiary of ICICI Bank, has received approval from shareholders to delist its stock, paving the way for a merger with its parent company. During a vote held recently, 16 fund houses voted in favour while 7 opposed the plan. Among public institutional investors, who hold 16.68% of the company, 83.8% supported …
Power Finance Corporation Ltd, The Maharatna company has reported its Q4 FY 2023-24 results today in the live market, The company has reported a surge of 22% in net profits to Rs.4125.45 crores from Rs.3377.20 crores in Q4 FY 2022-23. The board has also announced a dividend of Rs.2.50 per share. Q4 Performance of PFC …
