Varun Beverages, one of the largest bottling partners of PepsiCo, on Tuesday reported a profit growth of 23.7 per cent for the third quarter of CY2024 at Rs 619.61 crore in comparison to Rs 501.07 crore recorded during the corresponding quarter of last year. It posted revenue from operations at Rs 4932.06 crore, up 25.3
One 97 Communications Ltd, the parent company of Paytm, on Tuesday reported its fiscal second quarter earnings with profit at Rs 928.30 crore, in comparison to a loss of Rs 290.50 crore during the corresponding quarter of previous financial year. “With a one-time exceptional gain of Rs 1,345 crore, on account of sale of entertainment
Mazagon Dock Shipyards fell as much as 6.2% to an intra-day low of Rs 4,375.35 ahead of the board meeting for declaring Q2 results. The stock has fallen 25% from an all-time high of Rs 5,860. Recently, the company announced that its Board of Directors will meet to consider an interim dividend for FY25 and
Ola Electric Mobility’s share price rose over 4% in early trade on Tuesday after the company announced that it had resolved most complaints received from the Central Consumer Protection Authority (CCPA). The stock spiked as much as 4.45%, reaching a high of ₹85.30 on the Bombay Stock Exchange (BSE). Resolution of Complaints The electric two-wheeler
Shares of Share Samadhan Limited rose over 3%, reaching an intra-day high of Rs 77.22 on the BSE after the company announced that it secured a contract for litigation funding consulting related to emerging claims, including damages estimated at approximately Rs 1,240 crore. The engagement will operate on a success-fee basis, with final fees tied
Amid a stalemate in the Maha Vikas Aghadi (MVA) over seat-sharing for the upcoming Maharashtra assembly polls, allies Congress and Shiv Sena (UBT) met with Nationalist Congress Party (Sharad Pawar faction) chief Sharad Pawar on Sunday. Deliberations aimed at finalising a seat-sharing deal are expected to conclude in the next day or two, according to
In a scathing attack on the Jharkhand Mukti Morcha (JMM) government, BJP Jharkhand president and Dhanwar constituency candidate, Babulal Marandi, accused the JMM of widespread corruption and exploitation of the state’s resources over the last five years. “There will be a transformation in Jharkhand. The JMM government has done nothing but loot the state over
Adani-owned Ambuja Cements on Tuesday announced that it has signed a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders and the acquisition will be fully funded through internal
Brokerage firm Morgan Stanley on Friday upgraded its stance on two key consumer stocks—Titan and Jubilant FoodWorks—despite a sluggish overall consumer market. The brokerage cited resilient business models and strong strategic positioning as key reasons for the upgrade. Titan’s rating has been upgraded to ‘overweight’ from ‘equal-weight’ and its target price has been hiked to
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025-26 on February 1. Ahead of the big announcement, GIFT Nifty trends suggest that Indian stock markets- BSE Sensex and NSE Nifty 50 could open on a weak note. Market end on a positive note on Friday On Friday, the NSE Nifty 50 ended
This is perhaps one of the most anticipated Budget in recent times. Slowdown concerns, inflation worries and global uncertainty has been impacting sentiment across D-Street. The Econiomic Survey, no doubt gave a filip to sentiment in terms of the push to drive growth and revive consumption. The question is can Finance Minister Nirmala Sitharaman Deliver?
Go to Live UpdatesStock Market Budget 2025 Live Updates: Indian stock markets are all set for the Union Budget 2025-26, which will be presented by the Union Finance Minister Nirmala Sitharaman. The GIFT Nifty implied a negative start for the markets on Saturday, February 01. However, the stock market rallied on Friday giving a thumbs
Nestlé India on Friday reported a 6.2% year-on-year (y-o-y) increase in standalone net profit to Rs 696.1 crore for the October-December quarter, falling short of street estimates due to weak urban consumption and high inflation. The Bloomberg consensus estimate had pegged net profit at Rs 722 crore. Revenue from operations also missed expectations, coming in
