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IT stock soars up to 4% as it reports 19% increase in net profits in Q2

IT stock soars up to 4% as it reports 19% increase in net profits in Q2

The shares of this Information Technology company which is one of the leading digital engineering and enterprise modernization partner for global market leaders across globe jumps 4 percent after its releases robust quarter ended september (Q2FY24) results  At 2:50 p.m the shares of Persistent Systems were trading at Rs. 5832.65 per share up 2.10 percent [...]
KIOCL Director, CFO Manoj Kumar Jhawar resigns

KIOCL Director, CFO Manoj Kumar Jhawar resigns

Manoj Kumar Jhawar has resigned as the director and chief financial officer (CFO) of the company. KIOCL said on Thursday. According to a regulatory filing, Being a government company, Jhawar's resignation has been submitted to the Union Ministry of Steel for consideration and further details will be submitted on receipt of communication from the ministry. [...]
Granules India receives USFDA nod for generic drug used for the short-term treatment of heartburn

Granules India receives USFDA nod for generic drug used for the short-term treatment of heartburn

On Thursday, Granules India Ltd said it has received approval from the US health regulator for its generic Esomeprazole Magnesium delayed-release capsules indicated for short-term treatment of heartburn and other symptoms associated with gastroesophageal reflux disease. Granules India said in a regulatory filing that the approval by the US Food & Drug Administration (USFDA) is [...]
Blue Jet Healthcare plans to raise Rs 840 crore through an IPO; sets a price band of Rs 329-346 per share

Blue Jet Healthcare plans to raise Rs 840 crore through an IPO; sets a price band of Rs 329-346 per share

Blue Jet Healthcare a pharmaceutical ingredient maker fixed a price band of Rs 329-346 per share for its Rs 840 crore Initial Public Offering (IPO) on Thursday. The bidding for the issue, which is entirely an Offer for Sale (OFS) component of 2.42 crore shares by promoters - Akshay Bansarilal Arora and Shiven Akshay Arora [...]
Adani Energy has completed the Warora-Kurnool transmission line

Adani Energy has completed the Warora-Kurnool transmission line

Adani Energy has commissioned the largest inter-regional 765 KV Warora-Kurnool electricity transmission line. The company said on Thursday. According to a statement, The project, spanning 1,756 circuit kilometres (ckm) across Maharashtra, Telangana and Andhra Pradesh, will strengthen the national grid to ensure a seamless power flow of 4,500 MW between western and southern regions. The [...]
PSU stock gains after Modi’s committee approves Green Energy corridor project worth ₹ 20,773 Cr 

PSU stock gains after Modi’s committee approves Green Energy corridor project worth ₹ 20,773 Cr 

Shares of this Public Sector Undertaking company are trading in the green after the Indian Government approved a Green Energy Corridor project worth more than Rs 20,000 crores.  With a market capitalization of Rs 1.91 lakh crores, the stocks of Power Grid Corporation of India Limited opened their trading hour on Thursday at Rs 204 [...]
Smallcap stock falls up to 5% after company’s net profits drop 81% YoY in Q2 

Smallcap stock falls up to 5% after company’s net profits drop 81% YoY in Q2 

Shares of this consumer retail stock plunged up to 5% percent on Thursday after the company posted disappointing bottom-line results for Q2FY24, i.e., for the quarter ended September 2023.  With a market capitalization of Rs 7,420.19 crores, the stocks of Shoppers Stop Limited started their trading session on Thursday at Rs 660 and currently trades [...]