One of the top real estate developers in the nation, Prestige Group operates in more than 13 significant Indian locations and has a diversified business strategy spanning multiple industries, including residential, office, retail, hospitality, property management, and warehouses. As of September 2024, the group had finished 302 projects with a total developable area of 193 …
On November 14, 2024, Reliance Industries Ltd (RIL), led by billionaire Mukesh Ambani, along with its subsidiary Viacom18 Media Pvt Ltd and the Walt Disney Company, announced the completion of a merger to form a new joint venture (JV) valued at ₹70,532 crore ($8.5 billion). This merger creates India’s largest media and entertainment company, aiming …
On November 18, 2024, IndusInd Bank’s stock has dropped to a new 52-week low of ₹1,015.50, a notable decline from its previous high of ₹1,258.15. The stock is currently down by 0.16%, reflecting market pressures and cautious investor sentiment about the bank’s performance, impacted by weak quarterly results and declining market indices. Stock Performance On …
On November 18, 2024, the benchmark indices, BSE Sensex and NSE Nifty50, ended Monday’s trading session in the red due to weak global market trends. The BSE Sensex dropped 241.30 points, or 0.31%, to close at 77,339.01. During the session, it traded within a range of 76,965.06 to 77,886.97. Similarly, the NSE Nifty50 fell 78.90 …
On November 14, 2024, Swan Energy, a leading oil, gas, and petrochemical trading company, entered into a deal with Balu Forge Industries with an objective to explore the potential for supply of products and solutions suitable for the global defence industry, aerospace, railways, and nuclear industries. Balu Forge Industries Ltd and Swan Energy will subscribe …
Mankind Pharma Limited has pledged 39.68% of its equity stake in its fully-owned subsidiary, Bharat Serums and Vaccines Limited (BSV), to raise ₹5,000 crore through non-convertible debentures (NCDs). This move is in compliance with the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Catalyst Trusteeship Limited has been appointed as the common security trustee for …
On November 13, 2024, Happiest Minds Technologies reported a profit decline due to rising operational costs, with selling, general, and administrative expenses increasing by 16.9% on a quarterly basis and 37.42% on a yearly basis. Q2 FY25 Financial Highlights Revenue from operations for the quarter stood at ₹521.64 crore, marking a 28.2% rise from ₹406.62 …
The fragrance industry in India is experiencing a significant transformation, fueled by changing consumer preferences, increasing disposable income, and a growing affinity for premium personal care products. As urbanisation and personal grooming trends rise, India has emerged as one of the fastest-growing fragrance markets globally. From deodorants and perfumes to home air fresheners, the industry …
On November 14, 2024, Hindustan Aeronautics Ltd (HAL), a prominent Indian aerospace and defence firm, reported a rise in net profit for the July-September quarter, driven by higher revenue, lower finance costs, and increased other income. Q2 FY25 Financial Highlights For the quarter, Hindustan Aeronautics reported a 7.3% increase in Earnings Before Interest, Tax, Depreciation, …
On November 14, 2024, Brainbees Solutions, a leading online retailer for baby and kids’ products, reported a 26% year-on-year growth in its revenue from operations, reaching ₹1,904.9 crore in the July-September quarter. Q2 FY25 Financial Highlights The consolidated adjusted EBITDA for the company stood at ₹80.1 crore, reflecting a 66% increase compared to Q2 FY24. …
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