Adani Logistics, a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire ICD Tumb (Vapi) from Navkar Corporation for Rs 835 crore. Adani Logistics Ltd (ALL) in a statement said the deal comprises the acquisition of the operational ICD with a capacity to [...]
The nation's second-largest state explorer, Oil India Limited’s shares gained almost 4% during the day and quoted 1.17% higher at ₹190.15 on Friday’s closing bell. This happened after the company reported robust earnings for Q1FY23. The company’s net profit tripled to ₹ 1555.46 crores in the April to June quarter of 2022 from ₹ 507.94 [...]
The shares of Torrent Pharmaceuticals Ltd gave multibagger returns in the past twenty years as they appreciated by 12,998.24% from ₹ 11.91 to ₹ 1560.00 apiece! This explains why staying invested in a company for the long term can pay off really well. If an investor had invested ₹ 1,00,000 in the company's shares on [...]
Indian shares were trading lower on Monday, weighed down by a fall in the country's top lender State Bank of India by nearly 3% after weak quarterly earnings. The benchmark gauges, NSE Nifty and BSE Sensex edged higher on Friday, amid choppy trade, tracking mixed moves across global equities. Gains were observed in banking and [...]
The world has gone through drastic changes in 2022 in almost every sphere. Despite all these changes one thing still remains intact - “Cash is King”. But luckily today, making money is easier than ever, all you need is discipline and determination. A popular way of making money online is through trading! A common misconception [...]
Small cap stocks are generally preferred by investors who want to generate higher returns from their investments. However, with high reward comes high risk. Small cap stocks generally tend to fluctuate more as the markets move. Therefore it is imperative to check the financials of the company before investing in them. Here are four debt-free [...]
Veteran Stock market investor, Rakesh Jhunjhunwala, also referred to as the ‘Big Bull of Indian markets’ passed away at the age of 62 in Mumbai. The ace investor passed away early in the morning on Sunday, due to a cardiac arrest. According to Forbes, the market mogul was India’s 36th richest person in 2021 and [...]
Veteran stock market investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffett and whose net worth was USD 5.8 billion, died here on Sunday morning. He was 62. Jhunjhunwala died early in the morning due to a cardiac arrest, a source in his newly set up airline said. Often referred to as 'India's Warren [...]
State-owned Hindustan Copper Ltd on Saturday posted a 25 per cent rise in consolidated net profit to Rs 57.08 crore for the quarter ended on June 30, 2022 on the back of higher income. The company had posted a consolidated net profit of Rs 45.63 crore in the year-ago period, Hindustan Copper said in a [...]
Coffee Day Enterprises Ltd has reported narrowing of its consolidated net loss to Rs 18 crore for the quarter ended June 30, 2022. The company had posted a net loss of Rs 117.28 crore in the April-June period a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing on Friday night. CDEL's [...]
Reliance Infrastructure (RInfra) on Saturday reported a narrowing of its consolidated net loss to Rs 66.11 crore for the quarter ended on June 30, 2022. The company had clocked a consolidated net loss of Rs 95.15 crore in the corresponding period of the previous fiscal, it said in a regulatory filing to the BSE. Its total [...]
New Delhi, Aug 12 (PTI) Dynasty Acquisition (FPI) Ltd on Friday offloaded 22.37 lakh shares of Shriram City Union Finance Ltd for Rs 447 crore through open market transactions. The entity sold 12,85,734 shares on NSE and 9,51,406 shares on BSE at an average price of Rs 2,000 apiece, as per bulk deal data available [...]
Business process management firm Hinduja Global Solutions on Friday posted a consolidated net profit from continuing operations at Rs 73.26 crore for the quarter ended on June 30, 2022, according to a company statement. Seen on a `like-to-like basis', the profit from continuing operations stood at Rs 7.5 crore in the same period the previous [...]
Life Insurance Corporation has said it has not received any timeline from the government for the stake sale in its subsidiary IDBI Bank. LIC owns 49.2 per cent of the lender and the government and public own the remaining shareholdings in the bank which was on the verge of collapse before it was forced into [...]
Driven by a record premium income, Life Insurance Corporation in its maiden earnings after going public has reported a multi-fold jump in net profit at Rs 682.89 crore from the paltry Rs 2.94 crore a year ago. The nation's largest financial powerhouse that manages assets in excess of Rs 41 lakh crore had gone public [...]
Godrej Industries on Friday reported 38 per cent rise in consolidated net profit at Rs 257.60 crore for the quarter ended June 30, 2022. The company had posted a net profit of Rs 185.99 crore for April-June period a year ago, Godrej Industries said in a BSE filing. Revenue from operations was Rs 4,024.55 crore [...]
Muthoot Finance reported a 16 per cent decline in consolidated net profit to Rs 825 crore in the June quarter due to lower yields on low-interest rate teaser loans. Total income during the April-June quarter of 2022-23 fell by 5 per cent to Rs 2,804 crore as against Rs 2,963 crore in the same period [...]
NLC India Ltd on Friday reported a 59 per cent rise in consolidated profit at Rs 568.83 crore for the quarter ended June on the back of higher income. The company had posted consolidated profit of Rs 357.59 crore in the year-ago period, NLC India said in a regulatory filing. The consolidated revenue from operations [...]
India's top oil and gas producer ONGC on Friday reported a tripling of net profit in the June quarter as it earned record prices before the government slapped a tax on windfall profits arising from a global rally in energy rates. Oil and Natural Gas Corporation's (ONGC) standalone net profit at Rs 15,205.85 crore, or [...]
Zee Entertainment Enterprises Ltd on Friday reported 48.94 per cent fall in consolidated net profit at Rs 106.60 crore for June quarter 2022-23 on account of challenging macroeconomic conditions. The company had reported a net profit of Rs 208.78 crore in April-June period a year ago, Zee Entertainment Enterprises Ltd (ZEEL) said in a BSE [...]
