Kalyan Jewellers India Ltd on Wednesday reported a profit decline of 3.37 per cent for the fiscal second quarter at Rs 130.33 crore in comparison to Rs 134.87 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 6065.48 crore, up 37.40 per cent as against Rs 4414.54 crore during the
– By Sunil Sisodiya A significant change in the commercial and residential real estate market is happening in India in 2024 owing to a combination of economic factors, changed consumer preferences, and rapid advances in technology. While the Indian economy is recovering from the aftermath of the pandemic and has advanced at an increased rate
Kalpataru Projects International Limited (KPIL) on Wednesday announced that the company along with its Joint Ventures (JVs) and international subsidiaries have secured new orders of awards of Rs 2,273 crore. The orders received are for the Transmission & Distribution (T&D) business in India and overseas market, and residential building projects in India. Also ReadMiddle class
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While majority of companies across sectors 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, Adani Enterprises, Apollo Hospitals, Mankind Pharma, Nykaa, Godfrey Phillips, LIC, SBI, Axis Bank, HDFC Bank
The urban slowdown within the domestic fast-moving consumer goods (FMCG) market that has hurt the financial performance of most majors in the September quarter is due to rising housing prices and low wage hikes, Britannia’s vice chairman and MD Varun Berry said during an earnings’ call on Tuesday. Speaking to investors, Berry said, “The first
Shiprocket, a Logistics unicorn, is betting on quick deliveries by offline merchants to fuel its next level of growth. In August this year, the Gurugram-based company launched Shiprocket Quick, an on-demand local delivery solution, to enable offline merchants to meet consumer expectations for 2-hour to same-day deliveries in categories such as food, grocery, pet care
To meet the investment requirements in the power sector owing to rising demand, the government has suggested states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges. Union minister for power Manohar Lal Khattar on Tuesday said that the country’s power sector requires an estimated investment of Rs
Around 90% of trade between India and Russia is now being conducted using local or alternate currencies while the remaining still happens in other freely convertible ones, Russian Deputy Prime Minister Denis Manturov said Tuesday. “Share of local and alternative currencies keeps growing in bilateral trade. It is now approaching 90%. We deem it necessary
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
