Auto components major Bosch has reported a 14 per cent increase in its consolidated net profit at Rs 399 crore for the fourth quarter ended March 2023. The company posted a net profit of Rs 350 crore in the January-March quarter of 2021-22. Its revenue from operations rose to Rs 4,063 crore in the fourth [...]
Budget carrier SpiceJet on Thursday said it has no plans to file for insolvency proceedings and has also started the process of reviving its grounded fleet with USD 50 million. The statement from SpiceJet comes at a time when a lessor has filed an insolvency resolution plea against the airline and crisis-hit rival Go First [...]
State-owned Hindustan Copper on Thursday said it plans to raise around Rs 548 crore through various financial routes. A proposal in this regard will be taken up at the company's board meeting next week on May 19, 2023. In a regulatory filing, the company said its board will consider the "recommendation for seeking approval of [...]
The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been [...]
A ‘Dividend’ is usually defined as the distribution of a company's earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company. Moreover, an [...]
All the Adani Group stocks are trading in the green today with the parent company, Adani Enterprises Limited, moving the most witnessing a gain of around 5.1 percent currently available for Rs 1,989. In the last one-month period, the stock has gained more than 10 percent ranging from Rs 1,803.15 to the current levels. One [...]
The shares of Ratnamani Metals & Tubes Ltd shot up by 10%, reaching a 52-week high of ₹ 2463.65 on Thursday. One of the probable reasons for today's record-high stock prices is the company's recent announcement of Q4 FY 22-23 earnings. Having a quick walkthrough of the financials of the previous quarter, their operating revenues [...]
Shares of Shemaroo Entertainment Limited are locked in the 10 percent upper circuit today at a price of Rs 143.05. In the last 5 trading sessions, the stock has gained around 17 percent ranging from Rs 122.35 to the current price level. One of the prime reasons for the stock prices to surge is the [...]
Apollo Tyres is bullish on India, which is performing better than the rest of the world, and the company is making the country its export hub as it looks to expand further in the US and the Middle East, according to company's vice chairman and managing director Neeraj Kanwar. The Indian tyre major, which has [...]
Reddy’s Laboratories Ltd on Wednesday reported multifold growth (996 per cent) in its consolidated profit after tax to Rs 959.2 crore due to low base during the same quarter previous year. It was 87.5 crore in the January-March period of FY22. Parag Agarwal, Chief Financial Officer of Dr Reddy's, said Revenues for the quarter under [...]
