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Share Price of BEL Recovers After Result Announcement

Share Price of BEL Recovers After Result Announcement

25 October 2024

Bharat Electronics Q2FY25 Profit Soars by 34.4% Bharat Electronics Ltd. (BEL), a Navratna defence company, has reported impressive financial results for the second quarter of FY25, demonstrating solid growth in profitability and revenues. BEL recorded a net profit of Rs 1,091.27 crore, which represents a significant 34.4% increase compared to Rs 812.34 crore in the …

Major Updates from National Fertilizers: New Plant Approval

Major Updates from National Fertilizers: New Plant Approval

25 October 2024

Introduction to National Fertilizers Limited (NFL) National Fertilizers Limited (NFL), established in 1974, is a public-sector Navratna company primarily involved in the production of urea. NFL operates five production units across India, with facilities located in Punjab, Haryana, and Madhya Pradesh, ensuring a wide regional presence. As the second-largest urea producer in India, the company …

NLC India Forms JV With Rajasthan for Power Capacity Expansion

NLC India Forms JV With Rajasthan for Power Capacity Expansion

25 October 2024

NLC India Ltd. (NLCIL) just shook hands with Rajasthan’s power giant, Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL), for two powerhouse joint ventures set to turbocharge energy capacity in the state. These projects aren’t just about boosting power—they’re a part of India’s larger push for secure and sustainable energy, led by the country’s vision. Two-Pronged …

ITC Approves Share Acquisition in Oberoi and Leela Amid Hotel Business Demerger

ITC Approves Share Acquisition in Oberoi and Leela Amid Hotel Business Demerger

25 October 2024

ITC Ltd., one of India’s biggest conglomerates, is making an important change as it prepares to separate its hotel business into ITC Hotels Ltd. To strengthen its position, ITC is increasing its stake in luxury hotel chains Oberoi and Leela by buying more shares from its subsidiary, Russell Credit Ltd. This decision boosts ITC’s control …

Mahanagar Gas & Unison Enviro Set for a Merger: What’s Brewing?

Mahanagar Gas & Unison Enviro Set for a Merger: What’s Brewing?

25 October 2024

Mahanagar Gas Ltd. (MGL) is in the limelight today, and for good reason! Their board just greenlit a merger with Unison Enviro Pvt. Ltd. (UEPL), a fully owned subsidiary. Not only that, but they also released their Q2 results, showing their broader plan for operational efficiency and market expansion. Merger Details & Purpose So, what’s …

360 One Wam Board Launches QIP At Floor Price Of Rs 1,065.36 Per Share

360 One Wam Board Launches QIP At Floor Price Of Rs 1,065.36 Per Share

25 October 2024

360 ONE Wealth, a private wealth management firm with an AUM of roughly Rs. 521,000 crore*, is among the fastest-growing in India. We serve the incredibly complex and specialized needs of high- and ultra-high-net-worth individuals, wealthy families, family offices, and institutional clients by offering a broad range of tailored wealth management solutions. We cultivate enduring …

Power Grid Wins Transmission Project Bid In Gujarat

Power Grid Wins Transmission Project Bid In Gujarat

25 October 2024

The Ministry of Power of the Government of India owns Power Grid Corporation of India Limited, a central public sector enterprise in India. Its primary activity is bulk power transmission among India’s states. Its main office is in Gurugram. Gujarat’s Transmission Project Bid Is Won by Power Grid On October 24, Powergrid announced that it …

Adani Ports unit completed the acquisition of an 80% stake in Astro Offshore

Adani Ports unit completed the acquisition of an 80% stake in Astro Offshore

25 October 2024

The largest commercial port operator in India, Adani Ports and Special Economic Zone Limited (APSEZ), handles almost 25% of all cargo movement in the nation. The most extensive national footprint with enhanced hinterland connectivity is exhibited by its presence in 13 domestic ports located in seven maritime states, namely Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, …

Kansai Nerolac Sells Land Parcel In Mumbai’s Lower Parel For Rs 726 Crore

Kansai Nerolac Sells Land Parcel In Mumbai’s Lower Parel For Rs 726 Crore

25 October 2024

A Mumbai-based company, Kansai Nerolac Paints Limited is India’s biggest industrial paint manufacturer and third-largest decorative painter. It is a division of the Japanese company Kansai Paint. At 15.4% of the Indian paint market as of 2015, it holds the third-largest market share. Kansai Nerolac Paints Ltd. selling Rs. 726 crore land to Aethon Developers …

Oracle Financial Services Shares in Focus: Released Q2 FY25 Results

Oracle Financial Services Shares in Focus: Released Q2 FY25 Results

25 October 2024

On October 24, 2024, Oracle Financial Services Software Limited, a majority-owned subsidiary of Oracle reported its financial results for the quarter that ended September 30, 2024. The company achieved a consolidated revenue of ₹1,674 Crore, marking a 16% increase YoY. In addition, the operating income rose to ₹724 Crore, up 36%, while net income reached …

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