Transport infrastructure consultancy and engineering firm RITES Ltd on Thursday said its profit after tax increased by 6.5 per cent to Rs 138 crore in the January-March 2023 quarter. The company had posted a profit after tax (PAT) of Rs 130 crore in the year-ago quarter, RITES said in a statement. Operating revenue, excluding other [...]
Fuelled by robust market demand and higher revenues, InterGlobe Aviation on Thursday flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter. The parent of the country's largest airline IndiGo, which had faced turbulence last year, had a net loss of Rs 1,681.8 crore in the three [...]
Jubilant FoodWorks Ltd (JFL), the master franchisee for Domino's Pizza and Dunkin, on Thursday said it is not in the race to acquire Restaurant Brands Asia Ltd, formerly known as Burger King India Ltd. The leading Quick Service Restaurant (QSR) chain operator said it "strongly refutes" any information appearing about a deal speculating it to [...]
HDFC Bank, through a regulatory filing over the BSE dated 17th May 2023, informed that the Reserve Bank of India (RBI) has approved the application made by SBI Funds Management Limited (SBIFML) with respect to acquiring up to 9.99% of the Bank’s paid-up share capital or voting rights. The approval granted is subject to the [...]
Standard Industries is a penny stock with a market capitalization of ₹ 202 crores and a market price of ₹ 30.75 apiece. The company is engaged in the business of property division and trading in textiles and chemicals. Its wholly-owned subsidiaries include Standard Salt Works Ltd and Mafatlal Enterprises Ltd. The company’s share price has [...]
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces [...]
A company's market capitalization is crucial for investors to estimate its potential and inherent risks. Mid-cap companies have evolved from small-cap and have the potential to become large-cap. Midcap stocks are riskier than large caps or small caps but provide larger returns. They also have less competition when it comes to purchasing discounted shares. Mid-cap [...]
Equity benchmark indices pared their intra-day gains and ended lower on Thursday, pulled down by index majors ITC and State Bank of India after their fourth quarter earnings failed to cheer investors. After trading in the green for most part of the day, the 30-share BSE Sensex declined 128.90 points or 0.21 per cent to [...]
InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Thursday reported a net profit of Rs 919.2 crore in the three months ended March. The company had a net loss of Rs 1,681.8 crore in the year-ago period. "For the year ended March 2023, IndiGo reported a profit of Rs 26,540 million, excluding [...]
Ami Organics Limited is a manufacturer of specialty chemicals based in India. These specialty chemicals mainly focus on the manufacturing and development of pharma intermediates for generic & regulated Active Pharmaceutical Ingredients (APIs) as well as New Chemical Entities (NCEs). The company has developed and commercialized more than 450 pharma intermediates across 17 therapeutic areas. [...]
