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Godrej Consumer Products Ltd Q1 FY 2025: 14% Net Profit Growth, New ₹500 Crore Pet Care Venture

Godrej Consumer Products Ltd Q1 FY 2025: 14% Net Profit Growth, New ₹500 Crore Pet Care Venture

9 August 2024

On August 07, 2024, Godrej Consumer Products Limited (GCPL), a major FMCG company in emerging markets, announced its financial results for the quarter ending June 30, 2024. In Q1 FY 2025, Godrej Consumer Products Limited saw various segment performances. In India, organic volume increased by 8% and reported volume by 10%, with reported sales rising …

Share Market Pre Open Updates – August 09, 2024

Share Market Pre Open Updates – August 09, 2024

8 August 2024

On August 08, 2024, the benchmark indices Nifty 50 was down 0.74% to close at 24,117, and Sensex was down 0.73% to close at 78,886. Top Gainers and Losers On the sectoral front, Nifty Mid Small Healthcare, Nifty Pharma, Nifty Media, and Nifty Financial Services gained, while Nifty IT, Nifty Metal, Nifty Oil and Gas, …

Share Market Pre Open Updates – August 08, 2024

Share Market Pre Open Updates – August 08, 2024

8 August 2024

On August 07, 2024, the benchmark indices Nifty 50 was up 1.27% to close at 24,297.50, and Sensex was up 1.11% to close at 79,468.01. Top Gainers and Losers On the sectoral front, all the sectors ended in green. However, Nifty Oil and Gas, Nifty Metal, Nifty Media, Nifty Pharma, and Nifty Healthcare Index gained …

Mahindra Group Companies Affected by ‘Brand’ Tax

Mahindra Group Companies Affected by ‘Brand’ Tax

8 August 2024

Mahindra & Mahindra (M&M), according to the recent resorts, has been issued a show cause notice by the Goods and Services Tax (GST) department. The notice, which covers the period from 2017 to 2023, questions why M&M should not pay GST for allowing its group companies to use the ‘Mahindra’ brand name and logo.  Tax …

ITD Cementation Reports 92% Increase in Q1 Profit, Exceeds Expectations

ITD Cementation Reports 92% Increase in Q1 Profit, Exceeds Expectations

8 August 2024

ITD Cementation established its operations in India in 1931 as a branch of The Cementation Company Ltd., UK, a member of Trafalgar House Group of London, to carry out extensive grouting and drilling works on the hydraulic structures, which were then growing rapidly. Since then, the company has been diligently working towards building a stronger …

RevFin Collaborates with Bajaj Auto for Electric Three-Wheeler Financing

RevFin Collaborates with Bajaj Auto for Electric Three-Wheeler Financing

8 August 2024

Electric vehicle financing digital platform RevFin has entered into a strategic partnership with Bajaj Auto to facilitate the financing of high-speed electric three-wheelers. This collaboration seeks to accelerate Bajaj Auto’s entry into the electric three-wheeler market by leveraging RevFin’s expertise in financial services and Bajaj Auto’s strong market presence. The partnership is expected to drive …

Adani Sets Up Subsidiary in Abu Dhabi for International Airport Operations

Adani Sets Up Subsidiary in Abu Dhabi for International Airport Operations

8 August 2024

Adani Airport Holdings Ltd., a key player in the Indian aviation sector, is making significant strides towards global expansion. Recently, the company announced the incorporation of a wholly-owned subsidiary, Global Airports Operator LLC, in Abu Dhabi. This move is aimed at acquiring and investing in airports outside India, underscoring the company’s ambition to become a …

Balaji Amines Falls By 6% After Q1 FY25 Net Profit Declines

Balaji Amines Falls By 6% After Q1 FY25 Net Profit Declines

8 August 2024

Balaji Amines Ltd. (BAL) was established on October 27, 1988. BAL has positioned itself as a reliable supplier of high-quality amines such as ethyl and methyl, serving various industries including pharmaceuticals, agrochemicals, and personal care products. With advanced manufacturing facilities and a strong emphasis on research and development, BAL is dedicated to providing innovative solutions …

Block Deal Alert: Rs 236 Crore of Protean eGov Tech Equity Changes Hands

Block Deal Alert: Rs 236 Crore of Protean eGov Tech Equity Changes Hands

8 August 2024

Block Deal of Rs 236 crore  On August 8, a significant transaction involving Protean eGov Technologies Ltd took place. In a block deal window, 12 lakh shares, representing 3.2% equity of the company and valued at Rs 236 crore, changed hands. While the official buyers and sellers of this transaction remain undisclosed, reports suggest that …

Nazara Technologies Wins Approval to Acquire Smaaash Entertainment

Nazara Technologies Wins Approval to Acquire Smaaash Entertainment

8 August 2024

Nazara Technologies Ltd saw a notable gain in its share price on Thursday, August 8, following the company’s announcement of receiving a letter of intent (LOI) for the acquisition of Smaaash Entertainment, which is currently undergoing an insolvency process. Approval from Committee of Creditors In a significant development, Nazara Technologies disclosed in a stock exchange …

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