Five-Star Business Finance reported a 34% year-on-year increase in net profit for the second quarter of FY25, reaching Rs 268 crore. The Chennai-based non-banking finance company (NBFC) saw its total income rise by 35% to Rs 706 crore. Interest income for the July-September quarter increased 34% year-on-year to Rs 679 crore. The lender’s disbursements grew
The Competition Commission of India (CCI) has sought bids to appoint an agency for carrying out digital forensics that will aid the competition watchdog in its investigations. As per the bid document, the service provider will have to acquire, extract and analyse digital evidences from various electronic devices such as mobile, computers, tablets, storage devices
Consumer goods major Marico reported a nearly 20% year-on-year rise in consolidated net profit for Q2 FY25, reaching Rs 423 crore and surpassing market expectations. Bloomberg analysts had estimated net profit at Rs 389 crore. Revenue for the quarter grew 7.6% year-on-year to Rs 2,664 crore, with underlying volume growth at 5% and price-led growth
Sajjan Jindal-led JSW Group and South Korea’s POSCO Group on Tuesday signed an agreement to set up an integrated steel plant in India with an initial capacity of 5 million tonne per annum (MTPA). In addition to steel, the two companies will also collaborate for green energy production and manufacture of battery materials for electric
Reliance Industries on Tuesday announced that its wholly owned subsidiary, Reliance New Energy Limited (RNEL) has acquired the remaining equity share of around 8 per cent in Faradion Limited, a sodium-ion battery technology company. RNEL presently holds 92.01 per cent equity stake in Faradion Limited and post this, will acquire 100 per cent stake in
By Jitendra Agrawal Indian festivals are vibrant celebrations that present significant market opportunities and valuable consumer insights for competing brands. Over the years, we have observed a consistent rise in consumer demand during festive periods, particularly in September, October, and November. Although there was a temporary decline during the COVID years, the overall trend remains
Pharma major Cipla on Tuesday announced its unaudited consolidated financial results for the quarter ended September 30th, 2024. The company reported an 15.2 percent year-on-year rise in its consolidated net profit for the fiscal’s second quarter ended September (Q2FY25) to Rs. 1,303.53 crore. The company had reported a profit of Rs. 1,177.64 crore in the
Go to Live UpdatesQ2 Earnings 2024 Live Updates: Even as many major companies access sectors and all of the IT services giants have already released their Q2 report, many others are still in the queue to announce Q2 earnings report. Majors like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bharti
Good news for UPI users! The Reserve Bank has allowed prepaid payment instruments holders to do UPI transactions through third-party mobile applications. Until now, UPI payments from bank accounts could be made by linking a bank account through the UPI App of the bank or using any third-party UPI application. However, the same facility was
As 2024 enters its final phase with just three trading days remaining, its a busy day at the exchanges with 6 listings scheduled today. Among these 6 public issues making their debut on the Indian bourses, the two mainboard issues that are at the centre of everyone’s attention is – DAM Capital Advisors and Mamata
Go to Live UpdatesACME Solar Holdings Share Price Today Live Updates, 27 Dec, 2024: The ACME Solar Holdings share is in news and the counter closed trade on 26 Dec, 2024 at Rs 239.75. The shares touched an intraday high of Rs 246.75 in the last trading session while the intraday low was at Rs
Go to Live UpdatesReligare Enterprises Share Price Today Live Updates, 27 Dec, 2024: The Religare Enterprises share is in news and the counter closed trade on 26 Dec, 2024 at Rs 301.7. The shares touched intraday high of Rs 311.5 in the last trading session while the intraday low was at Rs 296.05. The company’s
The retail real estate market in Delhi-NCR achieved a landmark year in 2024, driven by record leasing volumes, reduced vacancy rates, and rising rental values. This achievement, supported by strong developer confidence, significant infrastructure developments, and shifting consumer trends, solidified Delhi-NCR’s status as India’s premier retail investment destination. CBRE’s India Retail Figures H1 2024 reported
