L&T Technology Services (LTTS) on Wednesday reported an 18 per cent growth in its March quarter net profit at Rs 309.6 crore. The engineering services company's post tax net profit in FY23 rose 22 per cent to Rs 1,169.8 crore. For the reporting quarter, the company's revenues grew 19 per cent to Rs 2,096.2 crore [...]
Sebi on Wednesday barred six individuals from the securities market for up to three years and imposed penalty totalling Rs 5.8 crore on them in a case pertaining to circulating misleading messages recommending buying specific stocks using social media platform Telegram. The regulator has asked them to pay the fine within 45 days. In addition, [...]
The National Financial Reporting Authority (NFRA) has imposed a ban and penalties totalling Rs 1.15 crore on three entities, including two auditors, for lapses in the auditing of Tanglin Developments Ltd and MACEL. Tanglin Developments Ltd (TDL) and Mysore Amalgamated Coffee Estate Ltd (MACEL) are subsidiaries of listed-entity of Coffee Day Enterprises Ltd (CDEL). Late [...]
IIFL Finance on Wednesday reported 16 per cent jump in standalone net profit at Rs 269 crore for March quarter 2022-23. The non-banking financial company had posted a net profit of Rs 231 crore for the year-ago period. Total income during January-March last fiscal rose to Rs 1,092 crore from Rs 1,079 crore, IIFL Finance [...]
Market benchmark indices advanced in early trade on Thursday, climbing for the fourth straight day amid fresh foreign fund inflows and buying in index major Reliance Industries. The 30-share BSE Sensex climbed 88.71 points to 60,389.29 points. The broader NSE Nifty advanced 19.40 points to 17,833 points. From the Sensex firms, Kotak Mahindra Bank, Bajaj [...]
Shares of Stove Kraft Limited closed in the green today at Rs 388 levels gaining approximately 2.5 percent in comparison to the previous closing price of Rs 378.45. In the last one-month period, the stock has provided a return of about 4.5 percent to its stakeholders. One of the probable reasons for the stock prices [...]
Dalmia Bharat on Wednesday said it has executed definitive agreements with debt-ridden Jaiprakash Associates Ltd (JAL) to acquire the latter's cement assets as per an earlier announcement. Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat, on Tuesday executed definitive agreements with JAL for the acquisition of JP Super Cement Plant in Uttar Pradesh [...]
Stocks of AU Small Finance Bank Limited dipped around 2.5 percent today and closed at Rs 644 levels. The scrip observed an intra-day low figure of Rs 630.85 representing a downfall of nearly 5 percent. This week, the company announced its results for the March quarter as well as the financial year ending 2023. Details [...]
Equity benchmark indices Sensex and Nifty extended their rally for the third straight session on Wednesday amid buying in index major IndusInd Bank, Nestle India and HCL Tech. However, continuous foreign fund outflows and a weak trend in global equities restricted gains in the market, traders said. The 30-share BSE Sensex climbed 169.87 points or [...]
Multiplex chains PVR Ltd and Inox Leisure Ltd had announced a merger last year. This happened after the industry was hit hard by closures due to the pandemic that wiped out a lion’s share of the industry’s revenue. Moreover, the rise in the consumption of OTT content added fuel to the fire. OTT platforms in [...]
