Zomato has risen by 258% in the last 12 months and along with the stock price has come market expectations of it. When Zomato was trailing near its bottom there was the intense narrative of the company not being profitable. Now the market viewpoint has totally switched as most of the market is backing the …
Chandra Shekhar Ghosh, the Managing Director and Chief Executive Officer of the Bank since July 2015 announced that he would retire from the services of the Bank as the MD and CEO upon completion of his current tenure on July 09, 2024. Chandra Ghosh had set up Bandhan way back in 2001 when it was …
Tata Steel Limited recently released its production and delivery volumes for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. The company stated in the exchange filing that Tata Steel India recorded the ever-annual crude steel production of ~20.8 million tons, with a growth of 4% YoY during FY2024. This was supported by …
Gland Pharma Limited, a leading manufacturer of generic injectable medications, has secured a significant win with the approval of Eribulin Mesylate Injection by the US Food and Drug Administration (USFDA). This milestone marks the first generic version of this vital treatment to reach the US market, positioning Gland Pharma to capitalise on a substantial opportunity. …
Voltas Ltd, a part of Tata Group and India’s No.1 AC brand, has achieved a significant milestone with its highest-ever AC sales at the end of March 31, 2024 (FY 2024). During FY 2023-2024, Volatas Limited recorded sales of over 2 million AC units, which proved to be the highest-ever sale of ACs by any …
The Indian benchmark indices kicked off the week with notable optimism, surging to new record highs on the bourses. The rally was propelled by significant gains in the energy, auto, consumer durables, and telecommunications sectors. At 10:20 am, the BSE Sensex surged 0.50% reaching a level of 74,625. The Nifty 50 index climbed 0.47% to …
On Monday, the benchmark indices were trading in the green with the Sensex up around 357 points or 0.48% at 74,606, while the Nifty-50 was up around 93 points or 0.41% at 22,606. About 1,936 shares have advanced; 1,205 declined and 148 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The consumer tech company Nykaa or FSN E-Commerce Ventures Limited recently released a quarterly update for the quarter ended March 31, 2024. During the quarter, the company witnessed strong GMV growth of the early thirties at a consolidated level on a YoY basis. The company continues to generate long-term beauty consumption growth in India. During …
In recent developments, the Reserve Bank of India (RBI) has flexed its regulatory muscles, imposing penalties on LIC Housing Finance Limited and IDFC First Bank Limited for failing to adhere to specific directives laid out by the central bank. LIC Housing Finance Penalized for Non-Compliance LIC Housing Finance Limited finds itself on the receiving end …
Avenue Supermarts Limited, the parent company of the popular DMart chain of supermarkets, released positive results for the quarter ending March 31, 2024, in a recent exchange filing. The company’s standalone revenue from operations witnessed a significant jump of nearly 20% year-on-year, reaching ₹12,393.46 crore. This impressive growth comes on the back of a ₹10,337.12 …
