Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore in the January-March quarter a year ago, VIP Industries Ltd (VIL) said in a BSE filing. However, [...]
Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge. India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August 2006. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) [...]
Shares of Mankind Pharma made a remarkable debut on the stock exchanges on Tuesday, listing with a premium of over 20 per cent against the issue price of Rs 1,080. The stock began the trade at Rs 1,300, up 20.37 per cent on the BSE. It further zoomed 24.53 per cent to Rs 1,366. At [...]
Pharma major Venus Remedies Ltd on Tuesday said it has further consolidated its position in the oncology space with marketing authorisation from Philippines and Iraq for two more widely used cancer drugs. While Venus Remedies has secured marketing approval for bleomycin from Philippines, the second largest market in the Association of Southeast Asian Nations (ASEAN) [...]
Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company's revenue rose 21.13 per cent to about Rs 1,433 crore for the fourth quarter [...]
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75. Among the Sensex firms, Bajaj Finserv, Tata [...]
State-owned Canara Bank on Monday reported a 74 per cent jump in March quarter consolidated net profit to Rs 3,336.51 crore, helped by higher core income and lower provisions. The Bengaluru-based lender had reported a net profit of Rs 1,918.80 crore in the year-ago period. For FY23, its post tax profit grew to Rs 11,254.75 [...]
With a market capitalization of ₹ 452.00 crores and a share price of ₹ 21.75 apiece, SBC Exports is a penny stock. The company is engaged in the trading and manufacturing of garments, IT & manpower services and tour operator services. Its promoters hold a 65.81% stake in it, while retail investors hold a 34.19% [...]
Tata Power Company Limited, a part of Tata Sons Limited headquartered in Mumbai, Maharashtra, is an integrated power utility engaged in the process of generating, transmitting, and distributing electricity. It supplies power to consumers in bulk which includes ports, railways, municipal corporations, and other major industries. The company conducts business within India and, apart from [...]
Stocks of Coal India Limited closed at Rs 233, 2 percent down as compared to the previous closing price of Rs 237.40. Yesterday, the company announced its Q4 results along with the results for FY22-23, details of the same have been shared later in the piece. The company’s Board also recommended a final dividend of [...]
