Indus Towers is one of the largest telecom tower companies in the world, with over 185,000 towers across India. It was founded in 2007 as a joint venture between Bharti Airtel, Vodafone, and Idea Cellular. Negotiations were reportedly underway for Bharti Airtel, India’s second-largest telecom operator, to acquire the 21.05% equity stake held by UK-based …
Reliance Industries Ltd (RIL), India’s largest company by market capitalization, reported a 7.3% increase in consolidated net profit at Rs.79,020 crore for the financial year 2023-24. The company’s gross revenue surpassed the Rs.10 lakh crore mark during the same period. The conglomerate’s two emerging businesses, Reliance Retail Ventures Ltd (RRVL) and Jio Platforms Ltd (JPL), …
Shyam Metalics and Energy Ltd, a leading force in India’s metals manufacturing industry, has unveiled a groundbreaking new product: the SEL Tiger Foil. This innovative aluminium foil reflects the company’s commitment to food safety and environmental responsibility. Driven by a deep understanding of consumer needs and a projected 7.4% Compound Annual Growth Rate (CAGR) for …
Oracle Financial Services Limited (OFSS), a leading provider of products and services to the financial services industry, recently released its results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. Quarterly Performance On a consolidated basis, the company recorded a 12% YoY revenue growth to ₹1,642 crore. In addition, operating income for …
On April 24, 2024, Nifty 50 and Sensex rose 0.15% and 0.16% to 22,402 and 73,852, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹2,511 crore, while domestic investors bought shares worth ₹3,809 crore. Top Gainers and Losers On the sectoral front, Nifty Metal, Nifty MidSmall Healthcare, Nifty Healthcare, and Nifty Consumer Durables closed …
On Monday, the market continued its upward momentum from Friday, reaching a one-week high. The Sensex surged by 0.77%, closing at 73,648.62 points, while the Nifty also saw significant gains, rising by 0.86% to reach 22,336.40 points. Notable gainers included Nifty PSU Bank, Nifty Pharma, Nifty Auto, and Nifty FMCG, while no major sectors underperformed. …
These three equities gained significantly with price and volume activity during Monday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Suzlon Energy Ltd Suzlon Energy Ltd experienced a significant trading day, as the stock price reached a high of Rs 41.3, with a traded volume of 62,114,928 shares. It is currently trading at …
UltraTech Cement Ltd, the cement flagship company of Aditya Birla Group, is a leading cement manufacturer in India, with a significant presence in the raw materials market. The company manufactures and sells a wide range of cement and cement-related products, catering to various construction needs across the country. The company has shown consistent growth and …
On April 22, 2024, Honasa Consumer Limited informed in an exchange filing that the company’s brand, The Derma Co., achieved an annual revenue rate of ₹500 crore. The Derma Co., an active ingredient-backed skincare brand, has announced this significant milestone, which highlights Honasa Consumers’ abilities to craft and scale new brands with strategic innovations, delivering …
On April 20, 2024, REC Ltd informed the stock exchanges that the company had incorporated a new subsidiary company in the power sector. Details of the Wholly Owned Subsidiary REC Ltd stated in a stock exchange filing that Bhadla-III Power Transmission Limited had been incorporated as a wholly owned subsidiary of REC Power Development & …
