CRISIL Limited, an S&P Global company, reported a 10.3% increase in income from operations for the third quarter of 2024. The financial results, announced on October 16, 2024, revealed that the company’s consolidated total income reached ₹833.2 crore, up from ₹771.8 crore in the same quarter of the previous year. Additionally, profit before tax (PBT) […]
Angel One Limited, the largest listed retail stockbroking firm in India, delivered an outstanding performance in Q2 FY25, shattering previous records across its key financial and operational metrics. The company announced a massive 44.6% increase in its profit after tax (PAT), reaching ₹4,234 million, up from ₹2,927 million in Q1 FY25. The strong results were […]
Reliance Industrial Infrastructure Limited (RIIL) has announced its financial results for the quarter ending September 30, 2024 (Q2 FY 24-25), reporting a dip in income compared to the previous year. The company’s consolidated income stood at ₹ 1,836.57 lakh, down 12% from ₹ 2,084.72 lakh in Q2 of the fiscal year 2023-24. The reduction in […]
Hi-Tech Pipes Limited has formally announced the successful completion of its Qualified Institutional Placement (QIP), valued at INR 5,000 million. The QIP significantly exceeded expectations, with an oversubscription driven by strong investor interest. The offering, which commenced on October 7, 2024, and closed on October 11, garnered bids amounting to over INR 8,000 million, underscoring […]
In a strategic move aimed at increasing shareholder value and pushing for sustainability, Axita Cotton Limited, a prominent producer of cotton bales and cotton seeds, has announced the allocation of bonus equity shares. The bonus issue, approved in a landmark Board of Directors meeting on August 9, 2024, grants one bonus share for every three […]
EaseMyTrip, one of India’s largest travel technology platforms, has resumed bookings to the Maldives following the restoration of bilateral ties between the Indian and Maldivian governments. This move is seen as a significant step in rekindling tourism between the two countries after a period of strained relations. The company’s co-founder and CEO, Nishant Pitti, cited […]
In a significant development that has sent shockwaves through the biotechnology industry, Biocon Ltd. has come under fire from the U.S. Food and Drug Administration (USFDA) for compliance lapses at its Active Pharmaceutical Ingredient (API) facility in Bengaluru. The regulatory body identified four critical observations after conducting a stringent surveillance inspection at the facility between […]
Delta Corp Limited, one of India’s leading gaming and hospitality companies, announced on September 24, 2024, the demerger of its Hospitality and Real Estate business. The company aims to create two separate entities through this move, enhancing sector-specific growth and management accountability. The plan, which was approved by Delta Corp’s board, outlines the separation of […]
NTPC Green Energy, a subsidiary of NTPC Limited, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a significant step toward a ₹10,000 crore initial public offering (IPO). The filing, completed on September 18, 2024, comes as India ramps up its renewable energy ambitions. The […]
PN Gadgil Jewellers is gearing up for its much-anticipated stock market debut on September 17, with expectations of a remarkable 60% premium listing over its Initial Public Offering (IPO) price. This potential surge is fuelled by strong investor demand and a robust Grey Market Premium (GMP), highlighting a bullish sentiment for this iconic jewellery brand […]