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Indian equity markets ended lower on January 30, with benchmark indices snapping a three-day winning streak as selling pressure intensified in select heavyweight stocks. The...
The company is yet to reveal details of the rights issue, including price and entitlement ratio. Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.
On the account of robust sales, the drug firm Divi's Laboratory reported a rise in consolidated net profit of 45.63 percent to Rs. 519.59 crore for the second quarter.
Post Democrat Joe Biden’s victory in the US Presidential Election 2020, the positive global cues have steered the Indian market on Monday.
In contrast, the valuation of Reliance Industries dropped by Rs 17,141.77 crore to Rs 13,72,017.43 crore. During the last week, Sensex soared 2,278.99 points or 5.75 per cent.
The biggest driving factors behind the double-digit growth during the second quarter were the improved demand for Active Pharmaceutical Ingredient
Earlier, the gas distribution company reported a sharp hike in standalone net profit taking it to Rs 475 crores for the second quarter which ended in September 2020. The profit is multiple times higher quarter on quarter basis.
This step comes at a time when greater efforts are being made by Chinese policymakers to prevent systemic financial risks and curb rising debt
Adani Power Ltd (APL) in a regulatory filing, said that the company had gained a net profit of Rs 3.88 crore in the year-ago period.
Reliance Industries (RIL) rose by 3.87 percent in early trade on Wednesday, after the company announced Saudi Arabia’s Public Investment Fund’s (PIF) investment of Rs 9,555 crore in the retail unit.
The lock-in of shares was imposed by ED in the Satyam Computers fraud case.
Also, Citigroup, Haitong Securities, Kotak Mahindra Bank and Nomura Holdings are managing the deal.
The company reported a stable 70 percent year-on-year growth in profit after tax at Rs 1,813 crore in the second quarter of FY21. This led to a gain of 10 percent in the past two trading days.
The Chinese state media warned about potential financial instability due to Ant Group’s rapid upward surge which might have acted as a precursor for this shocking move.
However, despite the adverse effect of COVID-19, the company was able to sell 23,617 passenger vehicles with an increase of 79 percent when compared to the same month of the previous year.