The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 (provisional) against the US dollar on Thursday following overall weakness in crude oil prices and fresh foreign fund inflows. At the interbank forex market, the local unit opened lower at 80.03 against the greenback and fell further to an [...]
Hindustan Zinc Ltd (HZL) on Thursday reported a 55.9 per cent rise in consolidated net profit at Rs 3,092 in the June quarter, mainly on the back of higher metal prices. The company had posted consolidated net profit of Rs 1,983 crore in the first quarter of the previous fiscal, it said in a filing [...]
RBL Bank on Thursday reported a net profit of Rs 201.16 crore on a standalone basis for the quarter ended June as a fall in bad assets helped slash the provisioning requirements. There was a net loss to the tune of Rs 459.47 crore in the same quarter a year ago. Compared sequentially, the net [...]
RP Sanjiv Goenka group's carbon black major PCBL Ltd on Thursday said it registered a 21 per cent jump in consolidated net profit to Rs 126 crore for the first quarter period ended June 2022, compared to corresponding period profit of Rs 104 crore posted in the previous year. The revenue for the quarter was [...]
Big Bull of the Indian stock market Rakesh Jhunjhunwala has added a total of 18,30,388 shares of Escorts Kubota Ltd which represents a stake of 1.39% in the company with an investment value of Rs 316.5 Crores as per the latest filing for the June quarter. Last quarter i.e, March 2022, the ace investor had [...]
The shares of ITC Limited have crossed the ₹ 300 mark for the first time in three years! The FMCG major’s shares extended the rally to hit a fresh 52-week high of ₹ 302.20, after hitting a one-year high of ₹ 299.50 apiece on Wednesday. At the company’s AGM (annual general meeting), ITC Chairman & [...]
Contract manufacturing services firm Syngene International on Wednesday reported a 4 per cent decline in profit after tax to Rs 74 crore for the first quarter ended June 2022. The company had posted a PAT of Rs 77 crore in the April-June quarter of last fiscal. Its revenue from operations rose to Rs 644 crore [...]
Indian stock markets rallied on Wednesday, tracking positive global cues. They extended the recent streak of gains to the fourth day. There were gains across sectors as strong earnings in the US helped investors take their minds off concerns about slowing growth due to steep hikes in COVID-era interest rates. Here are three blue-chip stocks [...]
Shriram Properties Ltd on Wednesday reported a 26 per cent growth in its sales bookings at Rs 313 crore for the June quarter on better demand and low base effect. The Bengaluru-based company, in a statement, said that its sales bookings in volume terms rose 20 per cent to 0.66 million square feet in the [...]
Following a decline in international rates, the government on Wednesday slashed the windfall tax on petrol diesel, jet fuel and crude oil. According to the notifications released by the finance ministry, the government has slashed a ₹6 per litre tax on the export of petrol. The tax on diesel has been reduced from ₹13 per [...]
