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NBCC Arm Wins Rs 1,363 Crore Order From Employee State Insurance Corp

NBCC Arm Wins Rs 1,363 Crore Order From Employee State Insurance Corp

23 October 2024

NBCC was founded in 1960 as a civil engineering enterprise of the Government of India. With its headquarters located in Delhi, the company is currently a Navratna CPSE and has become the undisputed leader in the construction industry thanks to its capabilities, innovative approach, adherence to the highest standards of quality, timely delivery, and committed …

Zomato Hikes Platform Fee Ahead of Festive Season; Share Price Reflects Positive Sentiment

Zomato Hikes Platform Fee Ahead of Festive Season; Share Price Reflects Positive Sentiment

23 October 2024

Zomato Increases Platform Fee to Rs 10 Ahead of the upcoming festive season, Zomato has announced a hike in its platform fee, increasing it from Rs 7 to Rs 10 per order. This fee is applied on top of goods and services tax (GST), restaurant charges, and delivery fees. According to a notification in the …

Jyoti Structures Share Price Surges Over 4% on New Order from Adani Energy Solutions

Jyoti Structures Share Price Surges Over 4% on New Order from Adani Energy Solutions

23 October 2024

Jyoti Structures Gains Momentum with New Adani Energy Solutions Order The share price of Jyoti Structures increased by more than 4% on Wednesday, October 23, following the announcement of a significant order win. The company has received a letter of acceptance for a Rs 450.01 crore project from Adani Energy Solutions in Gujarat. This marks …

BCL Industries Stock Price Jumps 4%, Here’s Why

BCL Industries Stock Price Jumps 4%, Here’s Why

23 October 2024

A Legacy of Growth and Expansion BCL Industries Limited, with a history spanning over four decades, has evolved into a major player in various sectors, including ethanol production. Originally incorporated in 1976, the company has continuously adapted to market needs, culminating in a significant announcement today that has spurred investor interest. Securing a 17% Increase …

KPIT Technologies Q2FY25 Performance: Profit Steady, Revenue Up 8%, QIP Plan Approved

KPIT Technologies Q2FY25 Performance: Profit Steady, Revenue Up 8%, QIP Plan Approved

23 October 2024

KPIT Technologies Q2FY25 Financial Highlights Pune-headquartered KPIT Technologies reported a consolidated net profit of ₹204 crore in Q2FY25, unchanged from the previous quarter. However, the company’s revenue surged by 8% quarter-on-quarter (QoQ), reaching Rs 1,471 crore, compared to Rs 1,365 crore in the June quarter. This strong performance was accompanied by an EBITDA growth of …

RITES Has Received an Order Worth Rs.454 Crore From the Karnataka Mining Environment Restoration Corporation

RITES Has Received an Order Worth Rs.454 Crore From the Karnataka Mining Environment Restoration Corporation

23 October 2024

RITES Ltd, the engineering consultancy giant, saw its shares rise today, on October 23, 2024, after announcing that a previously awarded Project Management Consultancy (PMC) contract from the Karnataka Mining Environment Restoration Corporation (KMERC) has been upgraded to a turnkey contract. This project, worth Rs.453.99 crore (excluding GST), involves constructing two railway private freight terminals …

Paytm Gets NPCI Approval to Onboard New UPI Users

Paytm Gets NPCI Approval to Onboard New UPI Users

23 October 2024

After months of waiting, One 97 Communications, Paytm’s parent company, has received the go-ahead from the National Payments Corporation of India (NPCI) to start onboarding new UPI users again. This approval, given on October 22, 2024, is a turning point for Paytm, which had hit a roadblock earlier this year when the Reserve Bank of …

Bharti Airtel Secures CCI Approval To Boost Stake In Indus Towers

Bharti Airtel Secures CCI Approval To Boost Stake In Indus Towers

23 October 2024

A multinational Indian provider of telecommunications services, Bharti Airtel Limited is headquartered in New Delhi. It has operations in 18 South Asian, African, and Channel Island nations. At the moment, Airtel offers 4G, 5G, and LTE Advanced services all over India. The CCI approved the increase in Bharti Airtel’s ownership of Indus Towers On October …

Swiggy IPO vs Zomato: Pre-IPO Financial Comparison

Swiggy IPO vs Zomato: Pre-IPO Financial Comparison

23 October 2024

The food delivery industry in India has seen tremendous growth over the last few years, with Swiggy and Zomato leading the market. These two giants have been in fierce competition, each vying for dominance in an increasingly competitive landscape. While Zomato is a publicly listed company, Swiggy filed its DRHP with SEBI recently in September …

CAMS Expands Footprint with New Office in GIFT City, Boosting Global Fund Services

CAMS Expands Footprint with New Office in GIFT City, Boosting Global Fund Services

23 October 2024

On October 23, 2024, Computer Age Management Services Limited (CAMS), India’s leading registrar and transfer agent for mutual funds and a SEBI-regulated entity, opened its second office at GIFT City SEZ (Gujarat International Finance Tec-City Special Economic Zone) in Gandhinagar.  CAMS is among the first Registrar & Transfer Agents (RTAs) to start operations in this …

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