State-owned Bharat Electronics Limited (BEL) on Thursday announced a bonus issue of its equity shares in the ratio of 2:1. Eligible shareholders of BEL will receive two shares for every one share held by them. "The proposal to increase authorized share capital, alteration of the memorandum of association of the company, and the issue of [...]
Mortgage lender HDFC Ltd on Friday said it has raised USD 1.1 billion (around Rs 8,700 crore) from a clutch of investors under 'Syndicated Social Loan Facility' to cater to the affordable housing segment in the country. The country's largest mortgage lender by asset size said it has raised the amount by way of external [...]
State-owned UCO Bank on Friday posted a 22 per cent rise in its net profit at Rs 123.61 crore for the first quarter ended June 30, helped by fall in bad loans. The bank had reported a net profit of Rs 101.81 crore in the same quarter of financial year 2021-22. However, the total income [...]
The Big Bull of the Indian stock markets, Rakesh Jhunjhunwala had a major reconstruction of his portfolio in the June quarter. He has added just one stock to his portfolio which is Escorts Kubota Limited. Here are the stocks in which he has offloaded or trimmed his stake: D B Realty Limited Rakesh Jhunjhunwala held [...]
Domestic benchmark indices started the last session of the week in green. The Sensex gained 220.93 points to touch 58519.73 points, and the Nifty50 climbed to as high as 17,437.90 points, up 222.95 points from its previous close. Here are a few shares that reached their respective 52-week highs as the markets escalated: Mahindra & [...]
The Reserve Bank on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation and defend the rupee. The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo [...]
Welspun Corp Limited (WCL) on Thursday said its standalone net profit rose by 37 per cent to Rs 80.50 crore for the three months to June 2022 on the back of higher income. The company's standalone net profit stood at Rs 58.73 crore in the year-ago period, according to a regulatory filing. Its total income [...]
Cement maker Dalmia Bharat Ltd on Thursday reported a 26.78 per cent decline in its consolidated net profit to Rs 205 crore for the first quarter ended June 30. The company had posted a net profit of Rs 280 crore during the April-June quarter a year ago, Dalmia Bharat said in a regulatory filing. Its [...]
Mortgage financier LIC Housing Finance (LICHFL) reported a multifold rise in its profit after tax at Rs 925.48 crore for the quarter ended June 30 on lower provisioning and higher loan growth. The company had reported a profit after tax of Rs 153.44 crore in the same quarter of the previous fiscal. "In Q1 of [...]
Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 265.60 crore in the year-ago period, AEL said in a regulatory filing. [...]
