ICICI Lombard General Insurance on Friday posted a 68% year-on-year increase in its third-quarter net profit at ₹724 crore. The company’s net profit for the same quarter previous year stood at ₹431 crore. The private sector general insurer, however, said the results of the two periods are not comparable since long-term insurance products are accounted
After a subdued performance in FY25, brokerages anticipate a rebound in Reliance Industries’ oil-to-chemicals (O2C) segment, the company’s largest revenue driver, driven by an expected improvement in refining margins in the next financial year. The O2C segment posted a 6% year-on-year (YoY) increase in revenue, reaching Rs 1.49 lakh crore in Q3 FY25, driven by
Solar module manufacturer Vikram Solar announced on Friday that it has secured an order to supply 1GW of solar modules. The project underscores its commitment to advancing India’s renewable energy transition. As part of the agreement, Vikram Solar will provide its advanced Hypersol N-Type TOPCON Glass-to-Glass Modules (580Wp and above) to fulfill the order. The
Zomato has invested an additional ₹500 crore in its quick commerce arm Blinkit, according to regulatory filings with the Registrar of Companies (RoC). With this latest infusion, Zomato’s total investment in Blinkit stands at ₹2,800 crore since acquiring the company for ₹4,477 crore in August 2022. The previous infusion of ₹300 crore was made in
The IT Index saw deep cut in trade on Friday with Infosys shares registered the biggest dent as the street worried about the sustainability of its revenue trajectory. While announcement of TCS Q3 results cheered the market on hopes of a revival in IT deal spends, the expectation that Infosys may have a muted Q4
IT major Wipro on Friday announced an interim dividend of Rs 6 per equity share of par value Rs 2 each to the members of the company as on January 28, 2025, being the record date. In a regulatory filing, it said, “The Board of Directors (Board) of Wipro Limited (Company), have at their meeting
IT major Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year. Though sequentially there is a drop in Q3 profit from Rs 1257.50 crore recorded in Q2FY25, one of the big contributors to the profit growth on
The IT company of the Mahindra Group Tech Mahindra’s attrition rate rises to 11.2% in Q3 FY25, up 90 basis points year-on-year. The company’s headcount was 150,488 in Q3 FY25 Vs 146,250 in Q3 FY24, up 4,238 on year. In the previous quarter of FY25, the headcount was 154,273. The utilisation rate stands at 85.6%
In spite of the significant rise in housing prices across Indian cities in 2024, homebuyers continue their quest for bigger living spaces. Latest ANAROCK data shows that average flat sizes in the top 7 cities rose by 8% annually in 2024 – from 1,420 sq. ft. in 2023 to 1,540 sq. ft. in 2024. Back
Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though
Hindustan Unilever has bought 90% stake in Minimalist for an enterprise value of Rs 2,955 crore. This premium beauty brand, found in in 2020 by Mohit Yadav and Rahul Yadav has an annual revenue run rate of over Rs 500 crore and the business has been profitable since inception. HUL also plans to will acquire
By Shanthi Rexaline A new grouping of stocks dubbed ‘BATMMAAN’ that promises above-market returns has taken Wall Street by storm. These stocks, all from the high-flying tech sector, have fueled the U.S. bull market since October 2022. Meanwhile, India’s market has enjoyed an even longer bull run, with key indices trending upward since the onset
8th Pay Commission News: Ever since the Modi government announced its decision to set up the 8th Pay Commission, there have been all sorts of speculations among central government employees and pensioners about possible salary and pension hikes, the dates when the panel’s recommendations would be implemented, and other measures that the commission might recommend
