Adani Energy Solutions Ltd (AESL), the electricity transmission arm of the Adani Group, on Thursday reported an 87 per cent rise in March quarter profit to Rs 714 crore, aided by a one-time exceptional income. It had posted a net profit of Rs 381.29 crore in the January-March period of preceding 2023-24 financial year, the … Read more
India’s Tata Communications reported a 15% rise in its fourth-quarter profit on Tuesday, helped by higher demand for its data services. The firm’s consolidated pre-tax profit for the January-to-March quarter rose to 3.36 billion rupees ($39.5 million) from 2.92 billion rupees a year earlier. Tata Communications, which provides services such as data connections and cybersecurity … Read more
Capital markets regulator Sebi has granted an extension for the listing of National Securities Depository Ltd (NSDL) shares until July 31, 2025, the depository announced. This extension comes after the depository sought an extension from the Securities and Exchange Board of India (Sebi). According to NSDL’s statement, “Sebi, vide its letter dated March 28, 2025, … Read more
IPO dates: February 12-14, 2025IPO Price: Rs674-708IPO Size: Upto Rs8,750 croreImplied Market Cap: Upto Rs43,025 croreFace Value: Re1Lot Size: 21 sharesRetail Portion: 35% Hexaware Technologies, a mid-tier IT services exporter, plans to raise Rs 8,750 crore through an offer for sale by the promoter Carlyle group. The promoter’s stake will fall to 75% after the … Read more
Bank of America (BofA) bought 1.3 lakh shares of Interarch Building Products on Monday via a block deal at a cost of Rs 16.74 crore. The stock made its debut on the exchanges today and against the issue price of Rs 900, BofA bought Interarch shares at a price of 1,287.75 per share which was … Read more
Income Tax Return: This month, employers are scheduled to issue the Form 16 every year on or before June 15. Following this, salaried individuals can expedite the income tax return filing process. Form 16 is one of the several Form 16 is a crucial document that plays an instrumental role in filing income-tax returns (ITR), especially … Read more
The Reserve Bank of India (RBI) recently announced two tranches of the Sovereign Gold Bonds (SGB) scheme 2023-24. The SGB 2023-24 Series III will be open for subscription from December 18-22. The date of issuance for this SGB tranche is December 28. The second tranche of the Sovereign Gold Bonds scheme will be open for … Read more
Indian IT services provider Coforge Ltd’s fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge’s shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the … Read more
Fast moving consumer goods companies were the flavour of the week gone by, as investors added them to their cart in the hope of a rebound in rural consumption and easing profitability pressures. The S&P BSE FMCG index was the top sectoral performer with nearly 2% gains. The index scaled a lifetime high of 16779.73 … Read more
The Centre Thursday released two installments of tax devolution to states worth ?1.16 lakh crore. This is more than the normal monthly devolution of Rs 58,333 crore. The release of two installments is in line with Centre’s commitment to push developmental and capital expenditure by states, the finance ministry said. Source link