Market regulator SEBI has indicated to the Supreme Court that it is not in favour of banning short-selling or sale of borrowed shares, and said it is investigating allegations made by a tiny short-seller against the Adani Group as well as its share price movements. The Securities and Exchange Board of India (SEBI) in written [...]
Beauty and fashion e-tailer FSN E-commerce Ventures’ (Nykaa) share price declined to the tune of 6.22% on Tuesday’s trades. This happened after the company’s net profit for the third quarter nose-dived, leading to investor disappointment. Analysts said that the company’s results were a mixed bag. It met growth expectations, but its margins undershot for both [...]
Shree Renuka Sugars Ltd has reported a 67 per decline in its consolidated net profit at Rs 14.2 crore in the quarter ended on December 31, 2022 on higher expenses. Its net profit stood at Rs 43.3 crore in the year-ago period. Total income rose to Rs 2,563.2 crore in the third quarter of this [...]
Higher government spending on infrastructure in FY24 will propel engineering, procurement, and construction companies to hit revenue growth of 17-20 per cent, taking their profit to the pre-Covid level, a report said on Tuesday. In the Budget 2023-24, the government has increased the outlay for capital expenditure (capex) on infrastructure sector by 33 per cent [...]
ICICI Bank and BNP Paribas have signed an initial pact to cater to the banking requirements of European corporates operating in India and Indian companies in the European Union. The Memorandum of Understanding (MoU) between the two entities establishes a framework of partnership between the two banks for providing financial services to corporate customers operating [...]
Siemens Ltd on Tuesday posted 85 per cent rise in consolidated net profit at Rs 462.7 crore for December quarter on the back of higher revenues. In the year-ago period, net profit of the company was Rs 250 crore, as per a BSE filing. The company follows October-September financial year. Total income rose to Rs [...]
GE Marine and Hindustan Aeronautics Limited on Tuesday said that have signed a Memorandum of Understanding to explore the expansion of HAL's manufacturing capabilities to include assembly, inspection and testing (AIT) of the LM500 marine gas turbine. Since 1986, HAL's IMGT Division has been providing AIT of GE's LM2500 marine gas turbine, which is installed [...]
The BSE benchmark Sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues. Sliding crude oil prices in the international markets and buying by foreign investors also bolstered sentiment, traders said. The 30-share BSE Sensex ended 600.42 points or 0.99 per cent higher at 61,032.26. [...]
The board of IRB Infrastructure Developers Limited, a highway construction company in India, has announced the splitting of its shares along with its quarterly results. In Q3FY23, The company reported total revenue from operations of Rs 1,514.14 Crores which increased 18 percent Year on Year from Rs 1,279.11 Crore. From the previous quarter, their revenue [...]
The shares of Allcargo Logistics tumbled 19% to reach an intraday low of ₹ 327.10 apiece after the company reported a steep fall in its net profit for the October to December quarter of 2022. Its shares ₹ 352.55 apiece at ₹ 12:10 PM on Tuesday. According to a recent exchange filing Allcargo Logistics reported [...]
