Reliance Infrastructure on Tuesday announced that it will be setting up an integrated project for manufacturing explosives, ammunition and small arms in Ratnagiri, Maharashtra. The company has been allotted 1,000 acres of land in the Watad Industrial Area of Ratnagiri to develop the Dhirubhai Ambani Defence City (DADC). DADC will be the largest greenfield defence
India’s export of petroleum products remained muted in the first half of the current financial year 2024-25, while the imports surged 10% for the period, as per data from Petroleum Planning and Analysis Cell. The country exported 31.0 million tonnes of refined oil products during April to September, almost unchanged from 30.7 million tonnes in
Adani Energy Solutions posted a more than two-fold jump in its Q2 FY25 net profit, reaching Rs 675 crore, compared to Rs 276 crore in the same quarter of the previous financial year. However, it missed analysts’ net profit estimate of Rs 888 crore. The strong profit growth was driven by a higher Ebitda, along
Food delivery major Zomato on Tuesday reported a profit surge of 388.9 per cent during the fiscal second quarter at Rs 176 crore in comparison to Rs 36 crore recorded during the corresponding quarter of previous fiscal year. It recorded revenue from operations at Rs 4799 crore, up 68.5 per cent as against Rs 2848
E-commerce major Snapdeal announced that it has witnessed 1.8 times growth in order volumes during the festive season sale till 15th October 2024. The growth is in comparison with last year’s festive season sales period. The e-commerce platform is focused on value segments and hosts high-quality, value -priced merchandise in key categories like home, fashion
Varun Beverages, one of the largest bottling partners of PepsiCo, on Tuesday reported a profit growth of 23.7 per cent for the third quarter of CY2024 at Rs 619.61 crore in comparison to Rs 501.07 crore recorded during the corresponding quarter of last year. It posted revenue from operations at Rs 4932.06 crore, up 25.3
One 97 Communications Ltd, the parent company of Paytm, on Tuesday reported its fiscal second quarter earnings with profit at Rs 928.30 crore, in comparison to a loss of Rs 290.50 crore during the corresponding quarter of previous financial year. “With a one-time exceptional gain of Rs 1,345 crore, on account of sale of entertainment
Adani-owned Ambuja Cements on Tuesday announced that it has signed a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders and the acquisition will be fully funded through internal
Acronis, a global cybersecurity and data protection play, is keen about strengthening its India business. The focus is on the company’s strong growth in India and its advancements in providing cybersecurity solutions tailored to address AI-driven threats. Acronis aims to increase awareness of its commitment to India and targets at least 48% growth in data
Indo Farm Equipment IPO, currently open for its second day of bidding on Wednesday (January 1), has captured significant investor interest with its soaring subscription numbers and a buzzing grey market premium (GMP). Let’s take a closer look at the IPO details and what the market sentiments indicate. Indo Farm Equipment IPO – Grey Market
The year 2025 will see commercial real estate continue to evolve, driven by technological advancements, changing consumer behaviour, and a growing focus on sustainability. The integration of artificial intelligence (AI), Internet of Things (IoT), robotics, and machine learning will improve efficiency and streamline processes. Simultaneously, sustainable certifications will become indispensable for both developers and occupiers
Small savings schemes interest rates for Q1 2025: The Centre has announced interest rates for various small savings schemes for the last quarter (January-March) of the financial year 2024-25. The interest rates have been kept unchanged for various small savings schemes, including PPF and NSC, yet again, an official notification by the finance ministry has
The Indian rupee weakened slightly against the U.S. dollar in early trading on Wednesday, and stood at 85.6725 against the US dollar, down from the previous session’s close of 85.6150. The reason attributed to the weakening is an increase in demand for dollars majorly from importers. The Indian rupee has been under consistent downward pressure
