Yesterday IndusInd Bank reported unaudited financial results for the quarter that ended on June 2023 or Q1FY24 after the market closer. On consolidated basis in comparison to the same quarter last year, the company’s net profit for the first quarter which ended on June 30, 2023, increased by 30.25% to Rs 2124.44 crore from Rs …
At 1 pm, the shares of Torrent Power were trading at Rs 631.30, up by 2.16% from its previous closing of Rs 617.95 on the BSE. Torrent Power has successfully commissioned 115 MW Wind Power Project through its wholly owned subsidiary Torrent Solargen in Devbhumi Dwarka District of Gujarat. The company was awarded the project …
With the BSE Sensex crossing the significant 67,000-level milestone today, Indian headline indices once again reached record highs. As shares of NTPC Ltd climbed more than 4%, BSE Utilities and BSE Power were the best-performing sectors, with gains of more than 1.5% each. The indices then reversed their earlier gains to trade flat, while broader …
Godrej Agrovet’s (GAVL) Oil Palm business has recently announced that it has been granted a potential area of 47,000 acres in the Sangareddy District of Telangana. This allocation was made by the Department of Agriculture and Cooperation (Horticulture & Sericulture) of the Government of Telangana. GAVL intends to utilize this allotted area to expand its …
Yesterday Tata Elxsi Ltd reported audited financial results for the quarter that ended on June 2023 or Q1FY24. In comparison to the same quarter last year, the company’s net profit for the first quarter which ended on June 30, 2023, increased by 2.23% to Rs 188.85 crore from Rs 184.72 crore. In Q1FY24, the company’s …
Business Overview DreamFolks Services Ltd is an India-based company, which is a provider of airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology-driven platform. It primarily integrates global card networks operating in India, card issuers, and corporate clients including airline companies, with various airport lounge operators, transport operators, and other …
Polycab India Ltd is the largest manufacturer and supplier of cables and wires in India. The company has also gained prominence in the fast-moving electrical goods (FMEG) industry and has a well-established presence in exports. The foundation of Polycab dates back to 1964 when it started as a small electrical store called Sind Electric Stores. …
Sensex and Nifty closed up by 0.31% and 0.19%, respectively. Nifty Midcap and Nifty Smallcap have plunged by 0.14% and 0.94%, respectively. A majority of Asian markets experienced declines due to concerns over China’s weakening economy and its potential impact on global growth. These worries overshadowed the positive sentiment about the United States successfully tackling …
Promoters have a significant impact on a company’s success and growth as they not only invest in the company but also hold executive positions. Hence, it is important for retail investors to consider the stakes held by promoters. Generally, companies with higher promoter holdings are considered safer investments compared to those with lower promoter stakes. …
Indian Oil Corporation (IOC) has signed deals to import liquefied natural gas (LNG) from UAE’s Abu Dhabi Gas Liquefaction Co (ADNOC LNG) and TotalEnergies Gas and Power (TotalEnergies) of France on a long-term basis. A ‘Head of Agreement’ (HoA) (was signed) between Indian Oil Corporation and TotalEnergies to establish a long-term LNG sale and purchase …
