Tata Consumer on Friday beat Street estimates, reporting an almost 8% increase in net profit for the quarter ended September 2024 (Q2FY25) to Rs 364 crore, compared to Rs 338 crore in the same period last year. Analysts polled by Bloomberg had projected a net profit of Rs 343 crore for the quarter under review.
The recent reduction of over 20% in the allocation of Administrative Price Mechanisms (APM) gas to city gas distribution companies by GAIL India is expected to result in an increase in the prices of CNG (Compressed Natural Gas), as per analysts. As communicated by Indraprastha Gas and Mahanagar Gas, the government has decided to cut
India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external
Tata Consumer Products shares tumbled almost 10% to an intra-day low of Rs 986.35. The stock fell a day after it reported weak Q2 FY25 earnings numbers. The company reported a net profit of Rs 359.3 crore in the second quarter of FY25 Vs Rs 338 crore posted in the same quarter last fiscal. The company’s revenue
Deepak Builders and Engineers IPO was fully booked within two hours of the launch, which was primarily driven by the retail investors, subscribing the issue 1.7 times. The non-institutional investors booked the issue 0.69 times while the qualitative institutional booked the issue zero times. The company received bids worth Rs 181.92 crore from investors. The
Go to Live UpdatesWaaree Energies ipo Live: The initial public offering (IPO) of Waaree Energies has officially opened for subscription today, featuring a fresh equity sale of Rs 3,600 crore alongside an offer for sale (OFS) of 48 lakh shares. The subscription period will run until October 23. Prior to the opening, the company successfully
Multi Commodity Exchange rose 1.8% to hit a fresh 52-week high of Rs 6,680 a day after the commodity major swung into black. The company reported a net profit of Rs 153.6 crore in the second quarter of the current financial year compared to a loss of Rs 19.1 crore in the same quarter a
By Ajit Mishra The markets remained under pressure for the third consecutive week, losing nearly half a percent as the corrective phase continued. While the benchmark indices initially showed signs of recovery, persistent selling by FIIs and a lackluster start to the earnings season weighed on sentiment, turning the bias negative. A recovery in banking
Belated ITR Filing 2024-25: The extended deadline for filing belated income tax returns or submitting revised returns for the assessment year 2024-25 is quickly approaching. The final date for submission is just a week away, on January 15, 2025. Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing belated or
Secured credit cards are a viable solution for people with poor or no credit history. These cards help build or repair credit scores over time. Here’s a detailed look at secured credit cards available in India, focusing on their benefits, eligibility criteria, and key features. So, what exactly is a secured credit card? A secured
Foodtech major Swiggy on Thursday announced that Swiggy Instamart has expanded to 76 cities across the nation, and the platform will soon also be available as a standalone app. As one of Swiggy’s flagship services, Instamart will continue to be accessible via Swiggy’s unified platform, where it has delivered rapid growth in the past year
With the quarter earnings season already on and IT giant Tata Consultancy Services (TCS) all set to announce its Q3 results today, while investors and market participants are hooked on the numbers to be released in the coming days, India Inc is already releasing its business updates numbers. During the third quarter, Elara Securities stated
Sat Kartar Shopping, an Ayurveda healthcare company, is set to open its public offering tomorrow, January 10, 2025. As the IPO goes live, here are the key details of the issue, including the price range, investment requirements, and important dates that potential investors should know. Sat Kartar Shopping IPO: GMP In the grey market, an
