Betting on sustainability and electronics, Tata Projects, the engineering, procurement and construction (EPC) company of Tata group, is looking at double digit growth in the current financial year. The company turned into profits last year at Rs 139 crore on revenues of Rs 17,247 crore in FY24. Also ReadHAL posts Q2 profit growth of 22.14%
Logistics startup Delhivery reported a second consecutive quarter of profit in Q2 at Rs 10 crore, compared to a loss of Rs 103 crore a year ago. Revenue grew 13% y-o y to Rs 2,190 crore, compared to Rs 1,942 crore. The company’s Ebitda rose to Rs 57 crore in Q2, compared to an Ebitda
The Union mines ministry is likely to begin the auction of offshore mineral blocks in the next two or three months with 10 such blocks to be put under the hammer in the first phase, coal and mines minister G Kishan Reddy said on Thursday. “The government plans to auction offshore mineral blocks in two
Global Health Limited (Medanta) on Thursday announced its unaudited consolidated financial results for the quarter ending 30th September, 2024. The healthcare company posted a profit growth of 4.52 per cent for the fiscal second quarter at Rs 130.82 crore in comparison to Rs 125.16 crore during the corresponding quarter of FY24. The company reported revenue
HAL Q2 Net Profit: Hindustan Aeronautics Ltd (HAL) on Thursday released its fiscal second quarter earnings with profit growth of 22.14 per cent at Rs 1510.49 crore, in comparison to Rs 1236.67 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 5976.29 crore, up 6.04 per cent as against Rs
SpiceJet on Thursday announced that it has fully settled a $90.8 million (Rs 763 crore) dispute with Export Development Canada (EDC) for a total of $22.5 million, now paid in full by the airline. This resolution, it added, marks a significant milestone for SpiceJet, resulting in a substantial saving of $68.3 million (Rs 574 Crore).
Go to Live UpdatesQ2 Earnings 2024 Live Updates: With majority of companies across industries including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Nestle India, L&T, Vodafone Idea, Adani Enterprises, Apollo Hospitals, Mankind Pharma, Nykaa, Godfrey Phillips, LIC, SBI, Axis Bank
Propelled by an ever-growing shopping appetite in Tier 2 towns, Indian e-commerce companies had a lot to cheer for this festive season. The gross merchandise value (GMV) saw a robust 12% growth at $14 billion between September 15 and October 31 as compared to the year-ago period, Redseer Strategy Consultants said in its report on
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling USD 7.2 billion — the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. “This represents a 67 per cent increase in volumes and a 5.4-fold increase in
