Pepsico India Holdings’ consolidated revenue from operations during April-December 2023 was at Rs 5,954.16 crore and profit was Rs 217.26 crore, according to financial data accessed by business intelligence platform Tofler. Total income, which also includes other income, was at Rs 6,094.70 crore i...
Sebi on Friday affirmed its earlier order with some modifications against 12 entities, including promoter of V Marc India Ltd for engaging in a fraudulent scheme to manipulate volumes and price of the company’s shares. Passing a 121-page confirmatory order with some modifications, Sebi restrained...
Indusind Bank Q1 Results: Private sector lender Indusind Bank on Friday reported a 2 per cent jump in consolidated net profit at Rs 2,171 crore for the June quarter. The lender, however, witnessed higher stress on the credit cards front during the quarter, its Chief Executive and Managing Director Suman...
PowerGrid Q1 Results: Power Grid Corporation of India (PowerGrid) on Friday posted a 3.52 per cent rise in its consolidated net profit to Rs 3,723.92 crore for the June quarter, mainly on account of higher income. During the quarter, company’s total income rose to Rs 11,279.59 crore from Rs 11,257...
Aditya Birla Group forayed into the retail jewellery segment on Friday with the launch of its brand INDRIYA, with plans to open stores in more than 10 cities over the next six months. Kumar Mangalam Birla, Chairman of Aditya Birla Group, said that entry into the jewellery retail business is an important...
The RBI has imposed penalties on payment system operators Visa Worldwide, Ola Financial Services and Manappuram Finance for deficiencies in regulatory compliance. A penalty of Rs 2.4 crore has been imposed on Visa Worldwide Pte Limited and Rs 41.5 lakh on Manappuram Finance Limited. A fine of Rs 87.55 l...
IndiGo Q1 FY25 Results: IndiGo airline operator InterGlobe Aviation on Friday reported a consolidated net profit of Rs 2,729 crore for the quarter ended June 30, an increase of 44 per cent compared with the previous three months. Its first-quarter revenue grew to Rs 19,571 crore from Rs 17,825 crore in...
ITC Chairman Sanjiv Puri on Friday said the multi-conglomerate will invest Rs 20,000 crore in the medium term to enhance structural competitiveness and build an enterprise for the future. “Our confidence in India is unwavering and is reflected in your company’s investment outlay of about Rs...
Non-Banking Finance Company (NBFC) Advik Capital has declared it earnings for the first quarter of the financial year 2024-25. The company has reported a surge of around 140 per cent in net profit. In an exchange filing, the company said that its quarterly net profit in June 2024 was Rs 2.22 crore as c...
Domestic brokerage firm LKP Securities has announced its quarterly results ending June 30. In an exchange filing, the company reported Rs 4.99 crore in revenue from operations. The revenue in the previous quarter was 4.3 crore. The company’s net profit in the concerned quarter was Rs 4.09 crore ag...
FMCG company Sarveshwar Foods has announced that its board of directors has approved fundraising by issuing warrants on a preferential basis. The company has informed exchanges that its board has approved the allotment of 10,20,00,000 fully convertible warrants. “The board approved the allotment...
Godrej Industries Group’s family office arm Anamudi Real Estates has sold 47.37 lakh shares in realty firm Sobha Ltd for about Rs 860 crore through bock deals on the stock exchanges, as part of its strategy to monetise investments, sources said. Anamudi Real Estates’ stake in Bengaluru-based...
Motilal Oswal Financial Services Ltd (MOFSL) on Thursday posted its highest-ever quarterly profit of Rs 1,021 crore for the April-June quarter of 2024-25, marking a 52 per cent jump from the year-ago period. The company reported a profit after tax (PAT) of Rs 671 crore in the same quarter preceding fisc...
In one of the biggest deals in the pharmaceutical sector, Mankind Pharma on Thursday said it will fully acquire Bharat Serums and Vaccines from private equity investor Advent International for around Rs 13,630 crore. This strategic move marks a significant leap for the drugmaker positioning itself as a...
Dev IT, an end-to-end technology solutions provider, has secured a new order for the operation, maintenance and enhancement of the Rajkisan Sathi portal for a period of one year. “This is for enhancement, Operation & Maintenance of Single Window (Integrated) portal for citizen-centric services and D...
Gujarat Toolroom Limited (GTL) has informed exchanges that it has secured a substantial impex order worth Rs 150 crore. According to the company, the order is to be executed in the current quarter with a projected operating profit margin of 5 to 10 per cent. Meanwhile, the company has reported a surge i...
Hinduja group flagship Ashok Leyland on Thursday reported a 6 per cent year-on-year fall in its consolidated net profit to Rs 509 crore in the June 2024 quarter impacted by a deferred tax gain in the year-ago period for switching to the new tax regime. The company, which posted a net profit of Rs 544 .....
Havmor Ice Cream, a part of South Korea-based Lotte Wellfood, on Thursday said its under-construction Rs 400-crore Pune factory will be operational by November this year. The new factory, coming up at MIDC Talegaon in Pune, Maharashtra, will also manufacture a new range of candies. The plant will help e...
Uniqus Consultech Inc., a tech-enabled global platform, said on Thursday that it has launched its technology consulting practice aimed at enabling business leaders to harness the power of technology. The tech consulting practice of Uniqus Consultech – a provider of a host of consulting solutions i...
Nifty50 constituent pharma major Cipla is scheduled to report its Q1 earnings tomorrow. Zee Business expects the company to stage a good show in April-June quarter backed by likely market share gains. The consolidated net profit at the company is seen to log double-digit growth in the quarter under revi...
Electric Vehicle chargers and solar solutions provider Servotech Power Systems Ltd has received an additional order of approx. 400 units of DC Fast EV Chargers from Bharat Petroleum Corporation Limited (BPCL) and other EV charger OEMs. According to the information shared with the exchanges, the project...
Nestle India reported its Q1 earnings on Thursday for the April-June quarter. The company’s net profit for the reporting quarter has been recorded at Rs 746.6 crore. Zee Business research estimated profit at the company to climb 16% on-year to Rs 809 crore led by volume growth as well as growth in domes...
Tech Mahindra Q1 preview: Part of the Mahindra group -the IT major Tech Mahindra is slated to report its Q1 numbers later today. Zee Business research desk estimates revenue in rupee terms to increase only marginally sequentially from Rs 12,871 crore to Rs 12,975 crore, up 0.8 per cent. The desk estimat...
The FMCG major Nestle is slated to report its Q1FY25 earnings later today. Zee Business research desk citing growth in volume as well as both domestic business and exports of 10 per cent and 20 per cent, respectively, expects the company’s consolidated PAT to climb 16 per cent on year to Rs 809 crore...
Axis Bank Q1 FY25 Results: Axis Bank on Wednesday reported a standalone net profit of Rs 6,034.6 crore for the April-June period, up 4.1 per cent in comparison to the corresponding period a year ago. Its net interest income – or the difference between the interest earned and the interest paid...
Indigrid Q1 Results: Investment Manager to India Grid Trust (IndiGrid) on Wednesday posted a 28 per cent increase in net profit to Rs 136.9 crore during the June quarter, helped by higher income. It had clocked Rs 107 crore profit in the year-ago period, the company said in a statement. Its total income...
In a fillip to local manufacturing, 32 companies have invested Rs 8,282 crore under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing till June 30, the Parliament was informed on Wednesday. The IT Ministry said that 27 companies have cumulatively invested Rs 464.66 c...
ReNew on Wednesday said it has inaugurated a 400 megawatt (MW) solar project in Rajasthan. Rajasthan Chief Minister Bhajan Lal Sharma inaugurated the project in the presence of SECI Chairman R P Gupta, and ReNew’s Founder, Chairman and CEO Sumant Sinha, among other dignitaries, the company said in...
Aditya Birla Sun Life AMC on Wednesday reported a 28 per cent rise in profit after tax to Rs 235.7 crore, its highest quarterly gain, for the three months ended June 2024. The asset management firm, part of Aditya Birla Capital, had posted a profit after tax (PAT) of Rs 184.6 crore in the same ...
Textiles firm Trident Ltd on Wednesday reported a 19.1 per cent decline in its consolidated profit after tax to Rs 73.89 crore for the first quarter of FY25. The company had posted a consolidated profit after tax of Rs 91.34 crore in the April-June quarter a year ago, according to a regulatory filing fr...
Construction major Larsen & Toubro (L&T) on Wednesday reported an 11.7 per cent year-on-year jump in its consolidated net profit to Rs 2,785.7 crore for the quarter ended June 30, missing analysts’ expectations. Its revenue grew 15.1 per cent to Rs 55,119.8 crore, according to a regulatory...
Auto industry-focused KPIT Technologies on Monday reported a 52 per cent jump in its net profit to Rs 204.2 crore for the March 2024 quarter on higher revenue growth and profit margins. The Pune-headquartered company had posted a post-tax net of Rs 134 crore in the year-ago period. Its revenue from oper...
Steel tubes and pipes manufacturer Hi-Tech Pipes has announced the decarbonisation of its manufacturing facilities. According to the company, this development is aligned with the government’s push for zero carbon emissions by 2070 (30% to 35% by 2030). The company said that it will decarbonise 60...
Axis Bank- the country’s fifth leading banking major by market capitalisation is slated to report its Q1 numbers later today. Zee Business research expects the lender’s standalone net profit to record 8.85 per cent growth on-year to Rs 6,310 crore as against Rs 5,797.1 crore as the lender is seen to see...
Mahindra and Mahindra Financial Services on Tuesday reported a 45 per cent jump in June quarter net profit to Rs 513 crore. The non-bank lender had reported a net profit of Rs 353 crore in the year-ago period. The core net interest income grew 15 per cent to Rs 1,932 crore and the interest margin ...
German auto parts maker Schaeffler India on Tuesday posted a 7 per cent increase in standalone profit after tax at Rs 253.54 crore in the June quarter. The company posted a PAT of Rs 237.28 crore in the year-ago period, the company said in a regulatory filing. The revenue from operations for the quarter...
ICICI Prudential Life Insurance on Tuesday reported a 9 per cent increase in profit after tax (PAT) for the June quarter at Rs 224.34 crore. The life insurance major had reported a net profit of Rs 206.19 crore in the year-ago period. Its net premium income increased to Rs 7,875 crore from the Rs 7,020...
Vedanta Limited, a mining giant that recently received two critical mineral blocks in Karnataka and Bihar each, may consider its second interim dividend on July 26, 2024, the company said in a stock market disclosure. “The meeting of the Board of Directors of the company is proposed to be schedule...
NBFC major Bajaj Finance – a Nifty50 constituent came up with its Q1 earnings just after the close of the market on Tuesday (July 23, 2024). The company reported a consolidated net profit of Rs 3,912 crore. While its assets under management as of June 30, 2024 are reported at Rs 354,192 crores. Z...
Fintech firm One 97 Communications, which owns the brand Paytm, has partnered with Axis Bank to provide point of sales solutions and card payment machines to banks and its merchant network, the company said on Tuesday. Paytm’s EDC devices (card machines) come equipped with an integrated software t...
Gensol Engineering Ltd has informed exchanges that it has won the bid for 116 megawatt of solar projects in Gujarat. These projects will be distributed across 27 locations, all under the purview of Paschim Gujarat Vij Co. Ltd. (PGVCL), the state electricity distribution company, Gensol Engineering Ltd s...
राज्य के स्वास्थ्य क्षेत्र की होगी कम्प्रहेंसिव स्टडी ( Comprehensive Study ), टाटा ट्रस्ट से किन क्षेत्रों में सहायता ली जा सकती है इसकी रिपोर्ट अगली बैठक तक तैयार रखेंगे सभी विभाग सचिवालय में टाटा ट्रस्ट के साथ बैठक में मुख्य सचिव श्रीमती राधा रतूड़ी ने जानकारी दी है कि उत्तराखण्ड सरकार के साथ मिलकर...
DP Abhushan Limited, which has been in this industry for 84 years has announced its financial results for the first quarter (Q1FY25) ended 30th June 2024. According to an exchange filing, the net profit of the firm jumped by 60 per cent YoY to Rs 25 crore in the quarter under review from Rs 16 ...
Small Industries Development Bank of India on Monday said the Green Climate Fund (GCF) has approved a USD 215.6 million loan facility for one of its projects. The funding is for implementing Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses, as per an official statement. It...
Indian Oil has handed over a state-of-the-art green hydrogen fuel cell bus to the Indian Navy for trials and performance testing as part of the government’s green initiative. The event held at the Nau Sena Bhavan in the national capital was marked by the signing of an MoU between Indian Oil and th...
FMCG major Hindustan Unilever is slated to report its Q1 earnings on Tuesday (July 23). Zee Business research desk estimates the company to post standalone steady revenue year-on-year at Rs 15,214 crore as against Rs 15,148 crore reported in Q1FY24. The company’s profitability during the reporting quart...
Shakti Pumps on Monday said it has posted a manifold jump in its consolidated profit after tax to Rs 92.6 crore during the June 2024 quarter, on the back of higher revenues and healthy order book. It had clocked a Profit After Tax (PAT) of Rs 1 crore in the April-June quarter of the preceding ...
Quicktouch Technologies Ltd. is expanding its footprint in the Fintech space and Payment Aggregator industry. For this, the company has incorporated cutting-edge technology and transforming the payment ecosystem. “Quicktouch is set to redefine industry standards by integrating advanced technologie...
JSW Energy on Monday said its subsidiary JSW Neo Energy has secured a contract to develop a 500 MW inter-state transmission system (ISTS) connected solar project along with 250 MW/500 MWh of energy storage systems from Solar Energy Corporation of India (SECI). JSW Neo has received LoA for setting up 500...
Zydus Lifesciences Ltd on Monday said it has received marketing approval from the Mexican regulatory authority for its biosimilar product — Bhava, used in the treatment of certain types of cancers. Mexican regulatory authority COFEPRIS (Federal Commission for the Protection Against Sanitary Risk),...
