Technology solutions provider Redington Ltd on Wednesday (July 29) reported a profit after tax (PAT) of ₹486 crore for the first quarter, compared with ₹275 crore in the corresponding quarter last year, registering a 76.6% year-on-year growth. The company reported its highest-ever quarterly revenue of ₹34,922 crore during the quarter, compared with ₹25,952 crore in…
Homegrown renewable energy company Waaree Energies Ltd on Wednesday (July 29) reported a consolidated net profit of ₹850 crore for the first quarter, compared with ₹745 crore in the year-ago quarter and ₹773 crore in the previous quarter. The net profit increased 14.09% year-on-year and 9.96% quarter-on-quarter. Revenue from operations stood at ₹7,932 crore during…
After a muted session on Tuesday, the Nifty kicked off the August derivatives series on a strong note, surging 264 points to close at 24,250. The index opened 191 points higher and extended gains steadily through the session, ending near the day’s high. From its recent swing low of 23,606 on July 24, the benchmark…
SBI raises Rs 4,691 crore from domestic investors through Additional Tier-1 bonds The country’s largest lender, State Bank of India (SBI), has raised Rs 4,691 crore through the issuance of Basel III-compliant Additional Tier-1 (AT1) bonds. This is SBI’s first such fundraising exercise in the current financial year. The bonds were issued to domestic institutional…
US Fed Meeting LIVE Updates: The US Federal Reserve began its two-day monetary policy meeting on July 28, with the Federal Open Market Committee (FOMC) set to announce its interest rate decision on Wednesday, July 29. The central bank is widely expected to keep rates unchanged this week, while investors are increasingly looking toward the…
Dabur Q1 FY27 results: FMCG major Dabur India Ltd reported a 15 per cent year-on-year rise in consolidated net profit for the first quarter, driven by healthy revenue growth. Dabur Q1 FY27 results: FMCG major Dabur India Ltd reported a 15 per cent year-on-year rise in consolidated net profit for the first quarter, driven by…
KeyBanc Capital Markets initiated coverage on the company with an overweight rating and $225 price target. That represents a 26% gain from Tuesday’s close. Reddit is a social media platform built to survive and thrive in the artificial intelligence age, and it’s a reason to buy the stock, according to KeyBanc Capital Markets. Continue Reading…
Bajaj Housing Finance Ltd. reported a 22.6% year-on-year increase in net profit for the June quarter at ₹715 crore, compared with ₹583 crore a year earlier, driven by steady business growth and lower loan loss provisions. Net interest income (NII) rose 9% to ₹968 crore in the first quarter from ₹887 crore a year ago,…
Shares of Syrma SGS Technology jumped 4% after the company’s consolidated net profit for the June quarter doubled year-on-year on the back of robust revenue growth, while operating margins remained steady. The board also approved raising up to ₹1,000 crore through a Qualified Institutional Placement (QIP) or other permissible modes. The company’s consolidated net profit…
Shares of SML Mahindra Ltd. hit the 20% upper circuit on Wednesday, July 29, after parent Mahindra & Mahindra (M&M) approved the transfer of its Truck & Bus Division (MTBD) to the company for ₹525 crore, consolidating the group’s commercial vehicle operations under a single entity. M&M’s board approved the sale of the business undertaking…
