TVS Holdings Ltd on Wednesday (July 15) said its subsidiary, Home Credit India Finance Private Limited, has signed a Share Purchase Agreement (SPA) to acquire 100% of the issued, subscribed and paid-up share capital of Varthana Finance Private Limited for ₹967 crore, subject to adjustments. Upon completion of the transaction, Varthana Finance will become a…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
HDFC AMC Q1 FY27 results Profit at Rs 838.4 crore in Q1 FY27 vs Rs 748 crore in Q1 FY26, up 12.1% YoY Revenue from operations at Rs 1,098.5 crore in Q1 FY27 vs Rs 968 crore in Q1 FY26, up 13.5% YoY EBITDA at Rs 851.5 crore in Q1 FY27 vs Rs 772 cr…
Meanwhile, Pratish Krishnan, Senior Fund Manager at Abakkus Asset Manager LLP, said, financials remain the preferred sector from an investment perspective, with large private banks and large NBFCs offering attractive opportunities. He said net interest margin (NIM) compression is likely to bottom out soon and remains bullish on the financials, consumer discretionary, and pharma sectors….
Apollo Micro Systems has secured fresh orders worth ₹134.35 crore from the Defence Research and Development Organisation (DRDO), the Indian Navy, defence public sector undertakings (PSUs), a state government and private sector clients, further strengthening its order pipeline amid a broader expansion in the defence sector. The company informed exchanges on Wednesday that the orders…
Raymond Realty Ltd has signed a joint development agreement to develop a residential project in Mumbai’s Parel with an estimated gross development value (GDV) of about ₹8,500 crore, marking its first project in South Mumbai and its largest development outside its Thane land parcel. The deal, announced on Wednesday (July 15), takes the company’s total…
IBM Stock Price: IBM shares plunged over 25% after warning AI-driven spending shifts hurt software demand. (Image: AI/ET Now) IBM stock dip EXPLAINED: AI-related concerns have rattled technology stocks globally, dragging down shares of companies such as Nvidia, Samsung Electronics and SK Hynix. However, one of the biggest casualties has been IBM. IBM’s shares plunged…
Shares of Steel Strips Wheels Ltd surged as much as 12.21% to ₹281 on Wednesday, July 15, after the company reported a strong set of earnings for the June quarter, led by robust growth in profit, revenue and operating performance. The company posted a 47% year-on-year increase in gross net profit to ₹69.45 crore for…
“As a journalist, the details always tell the story” – this quote by American author and musician James McBride describes a scribe in a nut shell. Meet Shubhobrota Devroy, who carries this journalism sentiment in his heart. As an experienced business journalist, he is always on a steep learning curve in his profession. From macroeconomics,…
Shares of Union Bank of India Ltd. climbed over 3% in trade on Wednesday, July 15, after the state-run lender reported a strong set of earnings for the June quarter, driven by robust profit growth and an improvement in asset quality. The bank’s net profit rose 29.6% year-on-year to ₹5,332 crore from ₹4,115 crore a…
