Kotak Mahindra Bank’s standalone profit rose 5% to Rs 3,344 crore in the second quarter of current fiscal from Rs 3,191 crore in the same quarter previous year, helped by healthy growth in net interest income and improvement in asset quality. The net profit was below expectations as Bloomberg analysts expected the lender to post
Tech Mahindra reported a higher-than-expected earnings in the September quarter on the back of improved revenue growth in communications, hi-tech and media, and banking, financial services and insurance verticals. The consolidated revenue rose over 2% sequentially to Rs 13,313.2 crore in July-September against Rs 13,005.5 crore reported in the June quarter. The topline also beat
Indian business leaders have launched a promising round of discussions in Mexico, aiming to unlock fresh trade and investment opportunities. The high-profile meeting, organized by the India México Business Chamber under the leadership of Amparo Kushelevich, signals a deeper alignment between the two nations as they explore ways to boost economic ties across sectors such
Finance Minister of India, Nirmala Sitharaman, kicked off her official visit to Mexico in the vibrant city of Guadalajara, a renowned IT hub in Latin America. Her choice of Guadalajara as her starting point underscores India’s commitment to fostering strong technological partnerships with Mexico and strengthening the region’s high-tech ecosystem. During her visit, she participated
The top four Indian IT services firms —TCS, Infosys, Wipro, and HCLTech — saw year-on-year decline in their total contract value (TCV) during the July-September period, due to the absence of mega deals and continued lumpiness in large deals. Further, geographically, revenue contribution from North America continued to decline for most them. Despite this, they
Nestle India’s growth may continue to be under pressure if the raw material prices remain elevated and urban demand is muted, analysts said. However, in the long run, its “RUrban” strategy may prove beneficial. Under it, Nestle India, which counts urban India as its majority consumer, aims to increase the company’s reach in rural and
JSW Steel has entered into a share purchase agreement to acquire 100% equity shares of thyssenkrupp Electrical Steel (tkES) through a 50:50 joint venture with Tokyo-headquartered JFE Steel for Rs 4,051.4 crore, the Sajjan Jindal-led steel company announced to the exchanges on Friday evening. The acquisition will be executed through Jsquare Electrical Steel Nashik, a
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.
Bharat Electronics (BEL) is in the spotlight as it gears up to pay interim dividend to its shareholders with the record data set for March 11. With the recent orders and developments, the stock has been a key performer in the defence sector. The stock is up xxx% in 1 month on the back of
The market has been seeing a relief rally of sorts in the past few sessions. The indices closed above the key support zone above 22,000. The question is, can the upward momentum sustain, and what are the resistance zones going forward? Here is a look at the key levels to watch out for. Most analysts believe that
Go to Live UpdatesGensol Engineering Share Price Today Live Updates, 10 Mar, 2025: The Gensol Engineering share is in news and the counter closed trade on 07 Mar, 2025 at Rs 321.2. The shares touched intraday high of Rs 352.9 in the last trading session while the intraday low was at Rs 303.0. The company’s
The GIFT Nifty indicated that the Indian equity indices will open on a flat to negative note as they take indications from early trading Asian indices that were trading mixed. The US markets closed the session on a positive note on Friday. However, last week, investor sentiment was struck by a salvo of tariff news.
Investors, gear up. This week (March 9-15) is packed with full of key corporate actions, from dividend payouts to stock splits and bonus issues. Several well-known companies, including Bharat Electronics (BEL), Sun TV, GR Infra, and HUDCO, are set to trade ex-date. Let’s take a look into the details of what is happening and how
