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
Go to Live UpdatesTata Consultancy Services Share Price Today Live Updates, 10 Jan, 2025: The Tata Consultancy Services share is in news and the counter closed trade on 09 Jan, 2025 at Rs 4036.65. The shares touched intraday high of Rs 4136.9 in the last trading session while the intraday low was at Rs 4025.45.
Gold and silver prices in India, shaped by global trends, currency movements, and domestic demand, continue to fluctuate. Here’s a look at the latest updates and prices across major cities. “In response to Fed minutes that suggested a possible delay in the rate-easing cycle, gold is trading strongly. Furthermore, investors are turning to precious metals
The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open lower on Friday, January 10. Benchmark indices faced a sharp downturn on Thursday as persistent volatility weighed heavily on key sectors. The BSE Sensex dropped by 528 points, settling at 77,620. Meanwhile, the NSE Nifty50 slipped by 162 points
Tata Consultancy Services (TCS), the country’s largest IT services firm, on Thursday missed estimates on both revenue and profit fronts, underlining continued caution among global clients amidst a challenging macroeconomic environment. The company’s consolidated net profit rose 4% sequentially to Rs 12,380 crore, missing Bloomberg’s estimate of Rs 12,534 crore. Revenue declined by 0.4% sequentially
Tata Consultancy Services (TCS) reported a net decline of 5,370 employees in the October-December quarter, marking a reversal after two consecutive quarters of headcount growth. The company’s total workforce now stands at 607,354, reflecting ongoing adjustments in its operational dynamics. Also ReadTata Elxsi Q3 Results: Profit drops by 3.59% to Rs 199.01 crore, revenue up
