Allied Blenders and Distillers Limited (ABDL), India’s third-largest spirits company, has partnered with Roust Corporation, a top global vodka producer, to launch Russian Standard Vodka in India. This new distribution deal highlights ABDL’s focus on offering premium and luxury products to Indian customers. With this partnership, ABDL aims to expand its product range and meet …
HDFC Bank Limited announced its financial results for the quarter and half-year ended September 30, 2024. Quarter-Ended September 30, 2024 – Consolidated Financial Performance The bank reported a consolidated net revenue of ₹760.4 billion, marking a 14.7% increase from ₹663.2 billion in the same quarter of the previous year. The consolidated profit after tax (PAT) …
On October 21, shares of RBL Bank Ltd share price dropped by as much as 12% after the bank reported a 24% decrease in net profit than the same quarter last year. In the same quarter last year, RBL Bank reported a net profit of ₹294.1 crore, according to a regulatory filing. Net interest income …
Tata Consumer Products Ltd (TCPL), a major player in the FMCG sector, reported a net profit of ₹359.3 crore for the second quarter ending September 30, 2024. The company’s revenue from operations grew by 13% to ₹4,214.5 crore, up from ₹3,733 crore in the same period last year. In terms of operating performance, EBITDA increased …
On Monday, October 21, 2024, Manappuram Finance shares dropped over 3%, reaching a low of ₹145.50 by 11:09 AM. This decline followed a significant 13.08% decrease to ₹154.20 on Friday, October 18, 2024, after the Reserve Bank of India (RBI) imposed regulatory restrictions on its subsidiary, Asirvad Micro Finance. The RBI announced on Thursday that …
On October 21, 2024, PNC Infratech shares suffered a significant blow with a steep fall of 20%. The significant decline was triggered by a disqualification imposed by the Ministry of Road Transport & Highways on Saturday. The company, along with two of its subsidiaries, were barred from participating in any tender processes of the Ministry …
Tech Mahindra Limited has released its audited consolidated and standalone financial results for the second quarter and half-year ended September 30, 2024. The company reported a revenue of $1,589 million, reflecting a growth from $1,559 million in the previous quarter (Q1 FY 2025) and a 2.2% year-on-year (YoY) increase. The Profit After Tax (PAT) margin …
On October 21, 2024, Godrej Properties Limited (GPL) announced the acquisition of approximately 3 acres of prime land in Vastrapur, Ahmedabad. This land will be developed into a premium residential project, offering around 0.9 million square feet of saleable area, with various apartment configurations. The estimated booking value for the project is approximately ₹1,300 crore. …
On October 21, 2024, Gensol Engineering Limited announced that it has entered into a partnership with Matrix Gas & Renewables to develop India’s first and largest green steel production facility. This groundbreaking project, one of three sanctioned under the National Green Hydrogen Mission, will utilise 100% green hydrogen to produce steel, marking a significant step …
Oberoi Realty, a leading real estate developer in India, has launched its highly anticipated integrated development, Oberoi Garden City Thane, located on Pokhran Road No. 2, on Friday, October 18, 2024. In just three days, the project has achieved a remarkable gross booking value of approximately ₹1,348 crores for 5.65 lakh sq ft of carpet …
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