Kotak Mahindra Bank’s standalone profit rose 5% to Rs 3,344 crore in the second quarter of current fiscal from Rs 3,191 crore in the same quarter previous year, helped by healthy growth in net interest income and improvement in asset quality. The net profit was below expectations as Bloomberg analysts expected the lender to post
Tech Mahindra reported a higher-than-expected earnings in the September quarter on the back of improved revenue growth in communications, hi-tech and media, and banking, financial services and insurance verticals. The consolidated revenue rose over 2% sequentially to Rs 13,313.2 crore in July-September against Rs 13,005.5 crore reported in the June quarter. The topline also beat
Indian business leaders have launched a promising round of discussions in Mexico, aiming to unlock fresh trade and investment opportunities. The high-profile meeting, organized by the India México Business Chamber under the leadership of Amparo Kushelevich, signals a deeper alignment between the two nations as they explore ways to boost economic ties across sectors such
Finance Minister of India, Nirmala Sitharaman, kicked off her official visit to Mexico in the vibrant city of Guadalajara, a renowned IT hub in Latin America. Her choice of Guadalajara as her starting point underscores India’s commitment to fostering strong technological partnerships with Mexico and strengthening the region’s high-tech ecosystem. During her visit, she participated
The top four Indian IT services firms —TCS, Infosys, Wipro, and HCLTech — saw year-on-year decline in their total contract value (TCV) during the July-September period, due to the absence of mega deals and continued lumpiness in large deals. Further, geographically, revenue contribution from North America continued to decline for most them. Despite this, they
Nestle India’s growth may continue to be under pressure if the raw material prices remain elevated and urban demand is muted, analysts said. However, in the long run, its “RUrban” strategy may prove beneficial. Under it, Nestle India, which counts urban India as its majority consumer, aims to increase the company’s reach in rural and
JSW Steel has entered into a share purchase agreement to acquire 100% equity shares of thyssenkrupp Electrical Steel (tkES) through a 50:50 joint venture with Tokyo-headquartered JFE Steel for Rs 4,051.4 crore, the Sajjan Jindal-led steel company announced to the exchanges on Friday evening. The acquisition will be executed through Jsquare Electrical Steel Nashik, a
Tata Consumer on Friday beat Street estimates, reporting an almost 8% increase in net profit for the quarter ended September 2024 (Q2FY25) to Rs 364 crore, compared to Rs 338 crore in the same period last year. Analysts polled by Bloomberg had projected a net profit of Rs 343 crore for the quarter under review.
Budget 2025: Union Finance Minister Nirmala Sitharaman is expected to unveil the Direct Tax Code 2025, the simplified version of the income tax laws, in the Union Budget 2025-26, likely to be presented on February 1. The Direct Tax Code is being brought in to replace the Income Tax Act, 1961. The Direct Tax Code
Tata Motors shares fell 3.2% to an intra-day low of Rs 769.45. The stock was among the major losers in the Nifty 50 on January 09. The drop in share price came after its subsidiary Jaguar and Land Rover (JLR) reported a fall of 3% in retail sales at 106,334 units in the October to
The Indobell Insulations IPO, a Rs 10.14-crore offering on the BSE SME platform, opened for subscription from January 6 to January 8. The issue price band of the issue has been set at Rs 46 per share, and now investors are eagerly waiting to see whether they’ve received their shares. The allotment of shares for
TCS shares are in the spotlight ahead of its quarterly earnings set to be released on January 09. All eyes are on the key dividend announcement. The stock is trading 0.5%% lower after a 2% fall last week. The TCS results will give a hint to the investors on the quarterly performance of the information
Standard Glass Lining IPO Allotment Status: Standard Glass Lining Technology IPO, which was open for subscription from January 6 to January 8, is likely to finalise its allotment of shares today (January 9), with many investors eagerly awaiting the results. After an overwhelming response from investors, the allotment process for this high-demand IPO is set
