Cement manufacturer The India Cements Ltd has reported a standalone net loss at Rs 217.79 crore for the fourth quarter ending March 31, 2023, which the company attributed to the record increase in the cost of fuel and power. The city-based company had registered a standalone net loss of Rs 23.71 crore during the corresponding [...]
Benchmark stock indices closed lower on Wednesday, snapping their three-day gaining streak following profit-taking in financials, metal and oil shares amid a bearish trend in the global markets. The 30-share BSE Sensex fell 208.01 points or 0.34 per cent to settle at 61,773.78 in volatile trade. The index opened lower but bounced back in late-morning [...]
Shares of Mishtann Foods jumped 9.6% on Wednesday’s intraday trades to reach a high of ₹ 7.78 per share on the Bombay Stock Exchange (BSE) amid multiple factors driving the rally. The company wants to expand its footprint in Africa and has plans to launch new products. Moreover, FIIs increased their stake in the company, [...]
Reserve Bank Governor Shaktikanta Das on Wednesday said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency and the war on inflation will continue. Retail inflation fell to an 18-month low of 4.7 per cent in April, mainly due to cooling [...]
Hindalco Industries Ltd on Wednesday reported a 37 per cent fall in its consolidated net profit to Rs 2,411 crore for the March quarter. The company had posted a net profit of Rs 3,860 crore during the January-March quarter of 2021-22, the company said in a regulatory filing. Total income of the company was Rs [...]
Shares of Spicejet Ltd. surged 8% on Wednesday to Rs 26.09 apiece from the previous close price of ₹ 24.20. One of the probable reasons for the stock price to surge today is the company's positive announcements, to restore four of the 25 grounded aircraft by June 15, as well as the announcement of a second pay [...]
Reserve Bank Governor Shaktikanta Das on Wednesday said the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground. In April, the Reserve Bank in a surprise move hit the pause button and decided to keep the key benchmark policy rate at 6.5 per [...]
Multinational packaging firm and leading PET film manufacturer Polyplex Corporation’s shares tanked 8.52 percent on Wednesday’s trades to reach an intraday low of ₹ 1389.90 apiece on the National Stock Exchange (NSE), after its profits nose-dived and its promoters agreed to sell more than a 24 percent stake in the company. At 12:39 PM, the [...]
JSW Ventures on Wednesday said it has sold a part of its holding in e-commerce firm Purplle to Abu Dhabi Investment Authority (ADIA). "The partial exit in Purplle has generated 18x return on the capital invested," JSW Ventures said in a statement. The company, however, did not disclose any financial details of the transaction. In [...]
Crompton Greaves Consumer Electricals Limited is engaged in the business of manufacturing, trading, selling, and distributing fans, lighting, pumps, and appliances. The company is a public limited company incorporated and domiciled in India and has its registered office in Mumbai, India. Shares of Crompton Greaves Consumer Electricals Ltd. were trading at ₹ 277.10 gaining 4.13 [...]
