Jammuna 
SBI, India’s largest state-run lender, reported an 83% year-on-year increase in standalone net profit to ₹16,891 crore in the third quarter of 2024. Meanwhile, on a quarterly (QoQ) basis, the amount was 7.8% lower than the Rs 18,331 crore reported at the same time the previous year. In Q3, net interest income increased by 4% … Read more
Reliance Power’s shares rose 8.64% to Rs 43.37 on the BSE in early trade on Thursday after the business posted a net profit of Rs 41.95 crore for the quarter that ended December 31. This is a significant recovery from a loss of Rs 1,136.75 crore from the previous year. Meanwhile, the company had already … Read more
The parent business of budget carrier IndiGo, InterGlobe Aviation Ltd, has been fined ₹115.87 crore by the GST authorities. The fines assessed were ₹113.02 crore by the Additional Commissioner of Central Goods & Service Tax — Delhi South Commissionerate and ₹2.84 crore by the Joint Commissioner of GST & Central Excise – Chennai South – … Read more
Azad Engineering Ltd, based in Hyderabad, said on Wednesday (February 5) that it had inked a long-term deal with Rolls-Royce PLC, headquartered in London, to manufacture and supply crucial civil aviation engine components. “…we now inform you that Rolls-Royce PLC, London- United Kingdom inks deal with AZAD Engineering Limited, Hyderabad- India to produce CIVIL AIRCRAFT … Read more
Multibagger SME stock: Captain Pipes’ share price has generated remarkable long-term returns for its investors. The company’s strategic initiatives, such as a 2:1 bonus issue and a 1:10 stock split, have significantly increased the number of shares owned by investors, firmly establishing it as a multi-bagger. These business activities have resulted in an exceptional increase … Read more
The three main stock indexes finished higher on Tuesday, boosted by energy companies, as investors found cause to be optimistic about a trade deal between the United States and China after President Donald Trump deferred tariffs on Canada and Mexico. On Tuesday, the United States imposed new 10% tariffs on Chinese imports, to which China … Read more
The rupee fell in line with its Asian rivals following President Trump’s implementation of tariffs. However, when the delay in imposition was announced, it did not become as strong. As a result, the rupee exhibits asymmetric behavior. There appears to be an intention to remedy overvaluation further. The new RBI governor has undoubtedly enhanced the … Read more
Mahanagar Telephone Nigam Ltd (MTNL) shares rose on Wednesday for the second consecutive day. The stock surged 20% to reach its upper price range of Rs 57.16. This price has increased by 27.58 percent in just two trading days. Today’s dramatic increase in the share price followed CNBC Awaaz’s report that the Centre had authorized … Read more
Torrent Power’s consolidated net profit jumped by over 31% to Rs 489.33 crore on Tuesday compared to the previous year, mainly owing to more significant revenues from increased sales of power from gas-based facilities and a gain from the sale of non-current investments. Torrent Power reported a total net profit of Rs 374.13 crore for … Read more