Imagine Marketing (boAt) Files Updated DRHP With SEBI for ₹1,500-Crore IPO
Imagine Marketing Limited, the parent company of consumer-tech brand boAt, has filed its Updated Draft Red Herring Prospectus (UDRHP I) with the Securities and Exchange...
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Varun Beverages Q2CY24 Results: Net profit grows 25% YoY, company announces stock split
Varun Beverages reported a steady set of Q2CY24 earnings. The company’s revenue grew by 28.3% year-on-year to Rs 7,196.8 crore, up from Rs 5,611.4 crore in Q2CY23. Gross margins improved by 220 basis points, reaching 54.7% compared to 52.5% in the same quarter last year.
Paytm announces launch of ‘Paytm NFC Card Soundbox’, aimed to solve card related issues
Paytm (One97 Communications) today, July 30 announced the launch of India's first 'Paytm NFC Card Soundbox.' This next-generation payment device combines NFC technology with mobile QR payments, offering an affordable device for card payments to millions of offline merchants.
MapMyIndia sends legal notice to Ola Electric for data breach ahead of its IPO
CE Info Systems, the parent company of MapMyIndia, has issued a legal notice to Ola Electric, accusing the electric vehicle manufacturer of copying its proprietary data.
UltraTech Cement acquires 32.72% stake in India Cements, N Srinivasan to exit
UltraTech Cement Ltd., the flagship company of the Aditya Birla Group, has announced the acquisition of a 32.72% equity stake in India Cements. The deal, valued at Rs 3,954 crore, will see UltraTech purchasing the shares from the promoters and their associates at a price of Rs 390 per share.
REC reports 16.3% growth in Q1 net profit, meets expectations
Government-owned REC reported a 16.3% increase in standalone net profit for the first quarter of fiscal 2025, meeting analysts' estimates
Automaker Maruti Suzuki slapped with tax demand of Rs 779 crore
Maruti Suzuki India today has received a tax demand of Rs 779.2 crore, including interest, from the Income Tax authority for the financial year 2020
City Union Bank to raise Rs 500 crore via QIP
City Union Bank today announced that the bank has received board approval to raise ₹500 crores via qualified institutional placement (QIP).
SJVN gets LoI for Darzo Lui pumped storage project worth Rs 13,950 crore from Mizoram government
SJVN Limited has received a Letter of Intent (LoI) from the Government of Mizoram for the Darzo Lui Pumped Storage Project, valued at Rs 13,950 crore.
Mahanagar Gas Q1 Results: Net profit jumps 7.4% to Rs 284 crore, margin grows 110 bps sequentially
Mahanagar Gas’ margin however improved 110 bps over the previous quarter, coming in at 26.3% against 25.2% in the previous quarter.
Bikaji Foods’ Q1FY25 net profit jumps 40% YoY
Bikaji Foods’ Q1FY25 revenue from operations increased by 18.7% year-over-year (YoY) to Rs. 5,722 million, driven by a substantial volume growth of 16.2% YoY.
HDFC Bank Q1 Results: Net profit falls 2% QoQ, asset quality deteriorates QoQ
HDFC Bank reported a 2% decline in net profit for Q1, which fell to ₹16,175 crore from ₹16,511.9 crore in the previous quarter.
Kotak Mahindra Bank Q1 Results: Net profit jumps to Rs 6,249 crore
Kotak Mahindra Bank’s Q1 profit came in at Rs 6,249 crore against Rs 3,452 crore in the same period last year.
Yes Bank Q1 Results: Net profit jumps 47% YoY, asset quality improves further
Private lender Yes Bank today reported a strong performance in its Q1FY25 earnings, with its net profit rising 47% year-on-year to Rs 502.4 crore from Rs 342.5 crore in the same period last year.
RBL Bank Q1 Results: Profit grows 29% YoY to Rs 371 crore
RBL Bank reported robust growth in its Q1FY25 earnings, driven by a significant increase in net interest income (NII) and profit after tax (PAT).