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 share price of Asian Paints fell almost 5% to an intra-day low of Rs 2,237.25 on Wednesday-February 5. The fall in share price came in after the Q3 FY25 earnings indicating that demand hit the earnings and revenue. The stock was the major loser in the Nifty 50. The correction was also helped by … Read more
The Kalyan Jewellers share price increased by 28.5% within six consecutive sessions, a lot of which fluctuation has been seen in the previous days. But the Kalyan Jewellers share price of the day was somewhat negative bias, and Kalyan Jewellers shares remained dormant in the first trading session. The Kalyan Jewellers’ stock today began its … Read more
Titan Company’s share price declined more than 3% in morning trade on Wednesday following its Q3 (October-December) results that were announced post-market hours on Tuesday. Titan Company’s share price opened at ₹3,574 apiece on the BSE today, slightly lower than the previous closing price of ₹3,599. The Titan Company share price thereafter dipped to the … Read more
Birla Corporation is expected to see interest on Wednesday, February 5, as the company has posted its Q3 FY25 consolidated net profit at Rs 31.19 crore which is down by 71.4% YoY. The net profit for the same period as the previous year was Rs 109.14 crore. The company explained the decline in terms of … Read more