Shares of Yes Bank opened a percent higher in Tuesday’s trading session following the leading private lender’s clarification regarding the speculative reports on a 51% stake sale. Clarification from Yes Bank In a regulatory filing, Yes Bank addressed the rumors circulating in the media. The bank clarified that the Reserve Bank of India (RBI) had …
Indian Bank, a prominent public sector lender, has demonstrated notable growth in its financial metrics for the April–June quarter of FY24. The bank’s provisional figures reveal significant advancements across various sectors, highlighting its strong performance in the current fiscal year. Significant Increase in Gross Advances and Total Business According to the business update released by …
Adani Wilmar reported a stellar Q1 FY2025, driven by a robust 13% year-over-year (YoY) volume growth across its product categories. This impressive performance can be attributed to several strategic initiatives: Market Share Gains: The company implemented targeted strategies in each segment, focusing on under-indexed markets to gain market share. This targeted approach is proving successful, …
Introduction Jaguar Land Rover (JLR), a wholly-owned subsidiary of Tata Motors Limited, revealed its sales figures for the June quarter on Friday evening, showcasing notable growth and continued demand for its premium vehicle lineup. Sales Overview: What Happened? JLR reported wholesale volumes of 97,755 units for the April-June period, marking a 5% increase compared to …
The Securities and Exchange Board of India (SEBI) has issued a show cause notice to US-based short seller Hindenburg Research, alleging collaboration with New York hedge fund manager Mark Kingdon. They also disclosed that Kotak Mahindra (International) Ltd., a subsidiary based in Mauritius, facilitated their bet against Adani Enterprises Limited. According to SEBI’s detailed 46-page …
On Monday, the Indian equity benchmark indices saw some profit booking, with the BSE benchmark Sensex and NSE benchmark Nifty trading down by 0.15% and 0.14%, respectively. Despite the slight downturn, certain sectors displayed strong performance, notably the Nifty Oil & Gas index. Nifty Oil & Gas: Leading the Way Among the top-performing sectoral indices …
At the AGM recently, JSW Energy’s Chairman and MD, Sajjan Jindal, announced the company’s plan to invest Rs.15,000 crore in capital expenditure for FY25 which aligns with JSW Energy’s ‘Strategy 2.0’ initiative, focused on boosting its power generation and storage capacity. Long-Term Objectives JSW Energy has set a target to spend approximately Rs.1.15 trillion to …
Titan Company Ltd (Titan) reported a consolidated revenue growth of approximately 9% year-over-year (YoY) in the first quarter of FY25 (Q1 FY25). This growth was accompanied by a significant expansion of their retail network, adding 61 new stores (net) across all segments, bringing their total presence to 3,096 stores. Jewellery Domestic jewellery sales grew approximately …
Thomas Cook (India) Ltd informed the stock exchanges about the notable increase in demand for monsoon travel among Indian consumers, signalling a vibrant resurgence in post-summer holiday plans. Despite traditionally being a low season for travel, the allure of lush landscapes and pleasant weather has driven a 25% growth in monsoon travel bookings compared to …
La Opala RG Limited informed in a stock exchange filing about the suspension of operations at its Madhupur Opal Glass Plant in Jharkhand. This decision, approved by the Board of Directors on July 6, 2024, was prompted by the ageing infrastructure, outdated machinery, and obsolete semi-automatic technology at the plant. These factors have led to …
