JSW Infra, the ports arm of the Sajjan Jindal-led JSW Group, has announced an 8.9% surge in consolidated net profit, reaching Rs 329.08 crore for the quarter ending March. This notable upswing is primarily attributed to the increased volumes of cargo handled during this period. According to a statement released by the company, it had…
Kotak Mahindra Bank Q4 results: Kotak Mahindra Bank announced a net profit of Rs 4,133 crore for the January-March quarter of the fiscal year 2023-24, marking an 18 percent increase from the Rs 3,496 crore reported in the same quarter of the previous year. – The bank’s net interest income reached Rs 6,909 crore, reflecting…
Coforge share price: Coforge Ltd witnessed a decline of up to 10 percent in its shares, dropping to ₹4505.25 on May 3. This followed the company’s release of its quarterly earnings for the March 2024 quarter, along with its dividend declaration and acquisition intentions regarding Cigniti Technologies. Coforge Q4 results Coforge disclosed a consolidated net…
Federal Bank shares: Federal Bank reported nearly flat profits for the March quarter due to provisions for wage hikes, but analysts noted that the overall performance exceeded expectations. They highlighted the unchanged net interest margin (NIM) and minimal credit costs as positive factors. Looking ahead, analysts are closely monitoring the upcoming replacement of current MD…
Varun Sridhar: Paytm Money, a subsidiary of One97 Communications, is expected to name Rakesh Singh, former CEO of Fisdom’s broking division, as its new CEO following Varun Sridhar’s resignation. This information comes from two sources. The official appointment of Rakesh Singh awaits a board meeting, which is likely to occur within a week, according to…
Godrej: Stocks of companies within the Godrej Group, such as Godrej Industries, Godrej Consumer Products, and Godrej Agrovet, experienced gains ranging from 1% to 5% during early trading on Thursday. This surge followed news of the Godrej family’s decision to divide the conglomerate into two separate entities. Godrej Industries saw its share price rise by…
Maruti Suzuki stock: Shares of Maruti Suzuki India dropped nearly 2 percent to Rs 12,577 in morning trading on May 2 following reports of a significant decline in sales of its mini cars and compact cars in April. By 9:20 am, the stock was trading at Rs 12,593, marking a 1.8 percent decrease from the…
Bank holiday on May 1st: Banks in multiple states will be closed on May 1 in observance of Maharashtra Day, which commemorates the creation of the Maharashtra state in India. Maharashtra Day signifies the anniversary of the state’s official formation in 1960 following the reorganization of states based on linguistic criteria. In several states, banks…
Manappuram Finance shares: Shares of Manappuram Finance surged by approximately 5 percent to Rs 207 apiece in the afternoon trading session on April 30 following news that its subsidiary, Asirwad Microfinance, has received approval from the Securities and Exchange Board of India (SEBI) to move forward with its initial public offering (IPO). On February 16,…
Tata Chemicals shares: Tata Chemicals saw its shares drop by more than 4% in early trading on Tuesday following the announcement of its first quarterly loss in nine years. The company reported a net loss of Rs 850 crore for the January–March 2024 quarter, compared to a profit of Rs 709 crore in the same…
