Shipping Corp Q2 Results: Net profit jumps multi-fold to Rs 291 crore
Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter ended September 2024.
Welspun Corp Q2 Results: Profit falls 27% to Rs 283 cr; board approves over Rs 2,000 cr investments
Welspun Corp on Friday reported around 27 per cent fall in consolidated net profit at Rs 282.96 crore for September quarter, mainly on account of fall in income. It had posted Rs 386.57 crore net profit for July-September 2023, the company said in an exchange filing.
Orient Cement Q2 Results: Profit slides 90% to Rs 2.32 cr, sales down 24%
CK Birla group firm Orient Cement Ltd on Friday reported a 90.5 per cent decline in net profit to Rs 2.32 crore for the second quarter ended September 2024. The company reported a net profit of Rs 24.62 crore for the July-September quarter a year ago.
Zoomcar raises $9.15 mn from institutional investors
Self-drive car-sharing platform Zoomcar on Friday said it has raised USD 9.15 million (about Rs 76 crore) from institutional investors. The proceeds will be used for repayment of approximately USD 3.8 million in debt and the remaining amount for general corporate purposes and working capital needs.
PFC Q2 Results: Profit rises nearly 9% to Rs 7,215 cr
State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues.
Premji Invest buys 1.6 pc stake in Wipro for Rs 4,757 crore
As per the data, Prazim Trading and Investment Company purchased 8,49,54,128 shares, amounting to a 1.62 per cent stake in Bengaluru-based Wipro.
NSE wants to launch IPO not for share price discovery but for transparency sake
The NSE IPO has experienced delays since it initially filed its draft red herring prospectus (DRHP) in 2016. This was met with objections due to the co-location scam, where certain brokers gained an unfair advantage by obtaining faster access to NSE’s systems, data, and trading facilities, disadvantaging the broader market.
Tata Motors Q2 Results: Cons PAT falls 11% YoY to Rs 3,343 crore, misses estimates
Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin […]
Crypto’s $135 million campaign undefeated in 48 races so far
The cryptocurrency industry spent $135 million in the 2024 election cycle, backing over 50 candidates, all of whom won. The industry’s biggest bet was in Ohio, where it helped Republican Bernie Moreno defeat Democrat Sherrod Brown, signaling anti-crypto risks.
Tech View: Nifty short-term trend remains choppy, next support at 23,800. How to trade on Monday
Open interest (OI) data showed the highest OI on the call side at the 24,200 and 24,300 strike prices, while on the put side, the highest OI was at the 24,000 strike price, followed by 24,100.