Adani Enterprises Ltd (AEL) on Thursday reported a profit of Rs 228.64 crore during the fiscal third quarter, posting a drop of 88.41 per cent in comparison to Rs 1,972.75 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 22,848.42 crore, down 8.79 per cent as against Rs 25,050.23
Adani Ports And Special Economic Zone Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 2,520.26 crore, posting a growth of 14.12 per cent in comparison to Rs 2,208.41 crore recorded during the same period of previous fiscal year. It posted revenue from operations at Rs 7,963.55 crore for the
Indian stock markets closed on a positive note Thursday. The NSE Nifty 50 climbed 86.40 points or 0.37%, settling at 23,249.50, while the BSE Sensex surged 394.88 points or 0.52% to end the session at 76,927.84. Banking stocks also participated in the rally, with the Bank Nifty advancing 146 points or 0.30% to close at
Dr Agarwals Healthcare, a company engaged in the business of eye care, opened its subscription window on January 29 and is set close on January 31, with an IPO price band set between Rs 382 to Rs 402 per share. Let’s take a look at the subscription status of this mainboard issue so far on
The share price of the de-merged entity ITC Hotels trades in the red for the second consecutive session. The stock fell 5% to an intra-day low of Rs 163.25 on Thursday a day after listing. ITC Hotels was listed on NSE and BSE on January 29. The share price of ITC Hotels fell as much
As the much-anticipated Budget 2025 approaches, India’s salaried class is hoping for reforms from Modi 3.0 that could alleviate financial burdens and enhance disposable income. Representing a significant portion of the taxpayer base, the salaried workforce is looking for a more inclusive and supportive financial framework. Their expectations range from tax reforms and higher exemptions
As Finance Minister Nirmala Sitharaman gears up to present the Union Budget 2025 on February 1, homebuyers are hopeful for reforms that enhance affordability, streamline regulations, and uplift real estate market sentiment. High interest rates and taxation continue to put financial pressure while rising inflation has dampened demand in the mid and affordable housing segments.
New CGHS guidelines issued! In a major move to streamline the approval process for some essential services about respiratory devices, the Ministry of Health and Family Welfare has announced a complete transition to an online system for processing permissions related to CPAP, BiPAP, and oxygen concentrators under the Central Government Health Scheme (CGHS). The new
State-owned GAIL India on Thursday reported a rise of 27.9% in its consolidated net profit for the third quarter of the financial year 2024-25 at Rs 4,084.2 crore from Rs 3,193.34 crore recorded in the same period of FY24. On a sequential basis, too, the net profit rose by 51.8% from Rs 2,689.67 crore. The
In a relief to senior citizens, the Insurance Regulatory and Development Authority of India (Irdai) has limited annual premium hikes on health insurance policies sold to them to 10%. In a circular issued on Thursday, the regulator directed all health and general insurers offering indemnity-based health insurance to limit annual premium increases for senior citizens.
Quick commerce unicorn Zepto has rolled out an instant returns and exchange feature on its application. The feature can be used for select categories, including electronics, apparel, toys, sports, and kitchenware, the company said in a social media post on Thursday. In a LinkedIn post, Zepto said: “Now, return/exchange your Zepto orders in just 10
For the first time since entering the space five years ago, Tata Motors’ electric vehicle division recorded a three-month operating profit in the recently concluded December quarter. This profit was independent of the fiscal incentives provided by the government under the production-linked incentive (PLI) scheme during the same period. It is perhaps the first instance
After registering healthy refining and marketing margins in the third quarter of financial year 2024-25, state-owned oil marketing companies stare at a potential decline in their Ebitda and net profit in the next quarter on likely softer gross refining margins, according to analysts. “Overall, gross refining margins are expected to remain soft in FY26 and
