Rashi Peripherals Ltd. (RP Tech) announced its plans to acquire a 70% equity stake in Satcom Infotech Pvt. Ltd., a cybersecurity solutions distributor. The deal involves the purchase of 75,460 equity shares at ₹1,805 per share, amounting to ₹13.62 crore. The acquisition, expected to be completed within 3 months, will make Satcom a subsidiary of …
HDFC Life Insurance Company reported a 15% year-on-year increase in its consolidated net profit for the quarter ending December 2024, reaching ₹421.31 crore, compared to ₹367.54 crore in the same period the previous year. The net premium income also rose by 10%, totalling ₹16,832 crore, up from ₹15,273 crore in the corresponding quarter last year. …
The DPIIT (Department for Promotion of Industry and Internal Trade) has formed a strategic partnership with ITC Ltd to support startups in the manufacturing sector. This alliance is aimed at fostering innovation and enabling startups to scale effectively. Key Focus Areas of the Partnership The agreement highlights several areas where ITC will work with startups …
Axis Bank, one of India’s leading private sector lenders, is set to release its earnings for the third quarter of FY25 on January 16, 2025. Allotment of Equity Shares Under ESOP Ahead of Q3 Number Axis Bank has allotted 1,15,132 equity shares of ₹2 each on December 4, 2024, under its Employee Stock Option Plan …
L&T Technology Services Ltd (LTTS) has set a target of achieving around 10% revenue growth in constant currency for the financial year 2025. This includes contributions from its recent acquisition, Intelliswift. Amit Chadha, CEO and MD of LTTS, reaffirmed the company’s medium-term goal of reaching $2 billion in revenue with an EBIT margin of 17-18%. …
Hindenburg Research, the US-based short-seller known for its 2023 report targeting Adani Group, is closing its operations. Founder Nathan Anderson announced the decision, citing the intense and all-encompassing nature of the work. Anderson said the plan to disband the firm was made after completing their pipeline of ideas. Hindenburg gained global attention for accusing the …
Zee Media Corporation has announced the redemption of Non-Convertible Debentures (NCDs) worth ₹230 crore. The full payment towards the redemption of these unrated, unlisted, secured, and redeemable debentures, which had a face value of ₹10 lakh each, was completed on January 15, 2025. Fundraising Plans by Zee Media Zee Media’s board approved plans to raise …
Punjab & Sind Bank share price saw a significant jump above 7% in Thursday’s trade, reaching an intraday high of ₹52 per share. The rally was driven by the bank’s strong Q3FY25 performance, where its net profit more than doubled, rising to ₹282 crore for the quarter ending December 2024. Impressive Financial Results For Q3FY25, …
Railway-related stocks saw a notable rally of up to 11% in Thursday’s intraday trade on the BSE, driven by heavy trading volumes. The surge follows expectations of a higher capital expenditure (capex) allocation for the railway sector in the Budget 2025-26. Top Performers Stocks such as Transrail Lighting, Rail Vikas Nigam Limited (RVNL), IRCON International, …
On January 16, 2025, CEAT share price slipped over 6% and touched the day low of ₹2840 at 09:55 AM after opening at ₹2949.95 on BSE. The fall in CEAT share price follows the company’s release of Q3FY25 results, wherein it reported consolidated revenue of ₹3,299.9 crore, marking an 11.4% year-on-year growth. CEAT Q3 FY25 Performance The …
