Som Distilleries and Breweries has informed the bourses that they have entered into a contract manufacturing arrangement with Radico Khaitan Limited for the manufacturing of their IMFL (Indian Made Foreign Liquor) and Ready to Drink brands at their plant at Hassan, Karnataka. They added that it will lead to better utilization of their IMFL facility. [...]
IT company Mindtree on Thursday reported a 27.5 per cent year-on-year rise in its consolidated net profit to Rs 508.7 crore for the September quarter. Seen sequentially, the net profit was about 8 per cent higher than June quarter. The Q2 revenue came in at about Rs 3,400.4 crore, growing 8.9 per cent over the [...]
Home loan interest is one of most people's most complicated factors. Furthermore, the obsession with repaying the money interest will be greater. Some suggestions for lowering the housing loan interest rate include reducing the number of instalment days or months, choosing the correct option between the number of instalment days or months and EMI, and [...]
Regardless of whether you've been paying attention to the news, you can't have missed this year's primary issue and source of concern: record-high inflation. For good reason, investors have been keeping a close eye on inflation. Inflation rose initially as a result of supply chain worries created by Covid, and more recently as a result [...]
The Indian stock market has produced a good number of multibagger stocks in the post-covid rebound. Indo Amines is one of them. The chemical stock has surged 17.13% today to reach an intraday high of ₹ 144.6 on the Bombay Stock Exchange (BSE). The company’s shares have given stellar returns of 956.32% after the stock [...]
India's second-largest IT services company Infosys on Thursday announced a share buyback of Rs 9,300 crore via open market route, for a price not exceeding Rs 1,850 per equity share. The board has also declared an interim dividend of Rs 16.50 per share, an increase of 10 per cent over FY22 interim dividend. The total [...]
The markets opened in the red on Thursday with the benchmark NIFTY 50 index down 0.82% for the day to 17,005 points. As for the 30-stock BSE Sensex, it opened in negative too at 57,232 points, down 394 points or 0.68%. In the past month, the market has declined by 6%. As markets fluctuate, here [...]
The shares of cloud communications provider Tanla Platforms zoomed 11.30% to reach an intraday high of ₹ 872.30. This happened after the company’s board of directors fixed the record date for a share buyback. Tanla Platforms Ltd (formerly Tanla Solutions Ltd) is a global A2P(application to person) messaging platform provider that enables businesses to communicate [...]
The shares of Roshni Nadal Malhotra-led HCL Technologies Ltd. rose 3.89% during the early hours of trading on Thursday. The stock touched its day high of Rs. 989 at 9:20 IST. This positive movement comes on the back of a healthy 6% year-on-year (Y-o-Y) rise in the consolidated net profit of the company. On Wednesday, [...]
The Indian cement industry started witnessing consolidation from the second quarter (June to September 2022) of the current fiscal year. The wave was created by the ports-to-power conglomerate the Adani Group acquiring Ambuja Cements and ACC from the Holcim Group for $6.5 billion. In his next big act, Gautam Adani is eying the purchase of [...]
Data related to the changes in the stake that ace investors hold in companies is released every quarter. Market observers and retail investors closely follow these changes to know how these investors invest their money. While ace investor Dolly Khanna has increased her stake in an auto component stock, market mogul Vijay Kedia chose to [...]
Edible oil major Adani Wilmar on Wednesday said the company's overall revenue in the July-September quarter will annually grow by low single-digit amid a fall in rates of edible oils. Adani Wilmar markets its edible oils and other food items under the Fortune brand. In a regulatory filing, the company shared a preliminary update on [...]
Financial literacy is a must among teens and cannot be overemphasized. By having a clear understanding of the financial situation of their families, teens can prepare themselves for a successful financial future. Personal finance affects everything we do. If your financial affairs are well-organized, it's simpler to stay away from the stress that inadequate management [...]
LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday. There is a decrease of 2.003 per cent in holding during the period from May 18, 2022 to October 11, 2022. As per regulatory requirement by Sebi, [...]
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India [...]
The initial public offering (IPO) of Tracxn Technologies was subscribed two times at the close of the offer on Wednesday. The Rs 309-crore IPO received bids for 4.27 crore shares against 2.12 crore shares on offer, according to NSE data. The category for retail individual investors (RIIs) was subscribed 4.87 times and the portion for [...]
IT services company HCL Technologies on Wednesday posted a 7 per cent year-on-year rise in consolidated net profit to Rs 3,489 crore for the September quarter and raised the full-year revenue guidance. The net profit stood at Rs 3,259 crore in the year-ago period. The revenue for the three months ended September 30, 2022, came [...]
Atam Valves Ltd. a microcap company has recorded a strong increase in its share price so far this year. The company is engaged in the manufacturing, production and sale of all types of valves, cocks, boiler mounting, pipe fittings, sanitary fitting, and the fabrication of steel and iron or non-ferrous metal and by-products. The stock [...]
IT services major Wipro Ltd on Wednesday reported a 9.3 per cent drop in its September quarter net profit, weighed down by rising staff expenses and lower non-US earnings. Profit attributable to equity shareholders of the company was 9.3 per cent lower at Rs 2,659 crore, the company said in a statement. The company had [...]
Recently Adani Ports and Special Economic Zone Ltd (APSEZ) received approval from the National Company Law Tribunals (NCLT) to acquire the remaining 58.1% stake in the Gangavaram Port Limited (GPL). APSEZ had previously obtained 31.5% of the company from Warburg Pincus and 10.4% from the Andhra Pradesh government early this year. A lot has been [...]
