Reliance Power reported a net profit of Rs 2,878 crore in the July-September quarter, boosted by a Rs 3,230 crore gain from subsidiary deconsolidation. The company’s income, however, dipped to Rs 1,962 crore amid ongoing restructuring and settlement of major guarantor obligations for Vidarbha Industries Power Ltd
13 November,2024 11:11 AM IST | Mumbai
Raymond Lifestyle's Q2 FY25 profit fell by 69.72 percent to Rs 42.18 crore, while revenue declined 5.3 percent to Rs 1,708 crore due to weaker demand and higher inflationary pressures. The company expects recovery with festive season demand and retail expansion.
06 November,2024 11:18 AM IST | New Delhi
Adani Power reports a 50 percent decline in Q2 net profit to Rs 3,297.52 crore, impacted by reduced one-time revenue recognition and higher tax expenses. Despite the downturn, the company emphasises future expansion and stability with new capacity and supply agreements.
28 October,2024 04:31 PM IST | Mumbai | mid-day online correspondent
Indian markets saw a positive opening as buying in ICICI Bank and strong trends across Asia lifted sentiment. FIIs sold off heavily, but DII buying helped push indices up, while crude prices eased globally.
28 October,2024 10:20 AM IST | Mumbai
Piramal Pharma has announced a significant increase in its net profit for Q2, rising over four-fold to Rs 23 crore, alongside a revenue growth to Rs 2,242 crore. The company's strategic focus on CDMO growth and expansion plans in the US highlights its commitment to long-term success.
24 October,2024 02:26 PM IST | New Delhi
Coforge has announced a consolidated net profit of Rs 202.3 crore for Q2 FY24, reflecting an 11.7 percent year-on-year increase. The company's revenue from operations surged 34.5 percent to Rs 3,062.3 crore, aided by the successful integration of Cigniti. An interim dividend of Rs 19 per share has also been recommended.
23 October,2024 02:16 PM IST | New Delhi
Shares of Kotak Mahindra Bank fell nearly 7% after the bank's September quarter earnings report failed to meet investor expectations. Despite a 13% increase in overall profit, the standalone net profit grew by only 5%, impacted by higher provisions.
21 October,2024 12:20 PM IST | Mumbai | PTI
Freedom House said that China shared its designation as the world’s worst environment for internet freedom with Myanmar
18 October,2024 08:59 AM IST | Washington | Agencies
Stock market update
From the 30 Sensex firms, Tata Motors, Tata Consultancy Services, Maruti, Bajaj Finserv, Tata Steel and Adani Ports were the biggest laggards; Hindustan Unilever, NTPC, Nestle and ICICI Bank were among the gainers
17 September,2024 10:12 AM IST | Mumbai | mid-day online correspondent
The state government's free travel scheme for citizens above 75 years of age and 50 percent concession on tickets for women on MSRTC buses led to a huge surge in the number of passengers
12 September,2024 07:33 PM IST | Mumbai | mid-day online correspondentADVERTISEMENT
