ITC has entered into definitive agreements to acquire a further 2,286 equity shares of Rs 10 each of Delectable Technologies (Delectable), an associate company, subject to completion of agreed conditions precedent. The said shares, once acquired, will take the Company’s shareholding in Delectable from 33.42% to 39.32% (on a fully diluted basis). The said acquisition …
Tesla, an American electric vehicle (EV) and clean energy company reported its quarterly earnings on October 18 during the market hour. In the third quarter of FY23, the company’s total revenue grew by 9% year-over-year (YoY), from USD 21.45 billion to USD 23.35 billion. Breaking down the total revenue, the total automotive revenue for the …
The benchmark index S&P BSE 500 opened today at 27,357.21 and made its day high at 27,371.19 and it is trading in red today, down by around 0.40%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more …
Today, shares of Baja Auto hit a 52-week high today amid strong financial results for the second quarter of FY24 and the amendment of the new dividend policy. On a consolidated basis, In Q2FY24 company recorded a robust financial performance with a 17.48% year-on-year increase in net profit reaching Rs 2,020.05 crore compared to Rs …
On Thursday, the benchmark indices were trading lower with the Sensex down around 376 points or 0.58% at 65,501 and the Nifty-50 down around 106 points or 0.55% at 19,565. About 1,514 shares have advanced, 1,868 declined, and 175 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …
In the world of investments, stories of meteoric rises and dramatic falls often capture the imagination of both seasoned and novice investors. One such story that has been making headlines in recent times is the incredible transformation of One97 Communications Limited, the company behind India’s leading payments and financial services brand, Paytm. From being labeled …
In the world of industrial innovation, few names shine as brightly as Welspun Corp Ltd. Established in 1995, this company has become the flag bearer of the illustrious Welspun Group. With a diversified portfolio that spans across line pipes, home textiles, steel, infrastructure, and energy, Welspun Corp Ltd is more than just a corporation – …
Wipro, the fourth-largest IT company by market capitalisation, following TCS, Infosys, and HCL Technologies, announced its results for the September quarter today. According to the details, the company’s revenue from operations showed minimal change, decreasing by 0.11% from Rs 22,539 crore to Rs 22,515 crore in Q2 FY24. The company’s gross profit increased to Rs …
Geopolitical tensions in the Middle East, stemming from the ongoing conflict between Israel and Hamas, have unnerved Indian markets. Investors have adopted a risk-averse approach, resulting in a sell-off of stocks. The market is particularly concerned about the surging crude oil prices, as they could potentially impact inflation and lead to higher interest rates in …
Shares in mining companies have surged following the Indian government’s approval of royalty rates for strategic minerals such as lithium, niobium, and rare-earth elements. This significant decision paved the way for the government to auction mining blocks for these valuable resources for the first time in India. Notably, a 3% fixed royalty rate for lithium …
