Tata Power Q2 Results: Net profit jumps 51% YoY to Rs 1,533 crore
Tata Power Q2 Results: Revenue from operations declined 1% year-on-year to Rs 15,247 crore. Consolidated EBITDA for the quarter increased 23% to Rs 3,808 crore, driven by expanded solar manufacturing, favorable regulatory developments in distribution, and improved operational efficiency across business segments.
Dabur Q2 Results: PAT drops 17% YoY to Rs 425 crore; revenue falls 5%
Dabur Q2 Results: Dabur India’s consolidated net profit fell 17% to Rs 425 crore for the quarter ending September 2024, with revenue dropping 5% to Rs 3,029 crore. The company also announced an interim dividend of Rs 2.75 per share. The shift towards quick commerce impacted traditional sales channels. Dabur remains confident about future growth […]
Dabur declares dividend of Rs 2.75 per share, fixes November 8 as record date
Dabur’s board announced an interim dividend of Rs 2.75 per share alongside its Q2 results for fiscal year 2025, with a record date of November 8. Shareholders will receive the dividend on November 22, as per regulatory filings.
Mutual funds will now have to deploy NFO proceeds within 30 days, says Sebi
The Investment Committee may extend the timeline by 30 business days, providing recommendations to ensure timely deployment and ongoing monitoring. Upon receiving reasons for delays, the Committee should assess the root cause before approving any partial or full extension.
Ahead of IPO, Swiggy commands a GMP of 4% over issue price
Swiggy’s IPO is set to launch on November 6, with bidding open until November 8. The company has seen declining grey market demand, pricing the IPO between Rs 371-390 per share. The GMP has dropped from Rs 25-30 to Rs 18, suggesting investors are currently willing to pay about Rs 415 for a share.
Block deal alert: Madhuri Madhusudan Kela picks stake in debutant Godavari Biorefineries below issue price
Ace investor Madhuri Kela bought 5 lakh shares in Godavari Biorefineries via a block deal at Rs 335.66 apiece. The stock listed at a 12% discount but recovered to close at Rs 342.85. Godavari Biorefineries is one of India’s largest ethanol producers.
Tech view: Nifty forms small red candle, faces strong resistance at 100 DEMA. How to trade tomorrow
On Wednesday, Nifty formed a small red candle near the 100-Day Exponential Moving Average (DEMA), indicating strong resistance around 24,470-24,500. If the index holds above 24,500, it could extend gains toward the 24,600–24,700 range, with key support at 24,070.
Swiggy management on increasing size of IPO to Rs 4499 cr, Q-commerce strategy & more
Swiggy is raising Rs 4,499 crore through an IPO to invest in its quick commerce business and expand its dark stores. The company plans to open new stores and explore new categories while maintaining focus on food delivery and quick commerce. Swiggy’s IPO aims to support its growth trajectory and innovation.
Is most of the repricing in Canara Bank over? Satyanarayana Raju answers
Canara Bank is focusing on alternative funding sources to reduce dependence on costly deposits. They are also expanding their deposits and launching new products in the CASA segment to boost growth. The bank has seen significant increases in savings accounts and has improved yields on advances. There is cautious optimism regarding future growth in various […]
Sagility India IPO to open for subscription on November 5, price band fixed at Rs 28-30 per share
Sagility India, a healthcare-focused services provider, is set to launch its initial share sale of Rs 2,107 crore on November 5, with a price band of Rs 28-30 per share. This will be the second public issue on Dalal Street next week, following Swiggy’s IPO.