The real estate market is projected to expand to ₹65,000 crore (US$ 9.3 billion) by 2040, up from ₹12,000 crore (US$ 1.72 billion) in 2019. By 2030, the sector in India is expected to reach a market size of US$ 1 trillion, increasing from US$ 200 billion in 2021, and contribute 13% to the country’s …
Cummins India Limited’s shares fell by 6% to ₹3,565 during morning trading on October 11 after Goldman Sachs changed its rating to ‘sell’ and reduced the target price due to various concerns about the company. Goldman Sachs set a target price of ₹2,900, indicating a potential decline of 23% from the last closing price of …
On October 11, 2024, Moneyboxx Finance Limited (Moneyboxx) announced the sanctioning of a term loan of ₹400 million from two of its existing bankers: HDFC Bank (₹200 million) and AU Small Finance Bank (₹200 million). Supported by 32 lenders, including major banks like State Bank of India, HDFC Bank, and Kotak Mahindra Bank, Moneyboxx has …
The story behind Tata Motors’ successful buyout and turnaround of Jaguar Land Rover (JLR) is marked by a past incident that humiliated Ratan Tata and his team. Back in 1999, Tata Motors was struggling with its passenger vehicle division, particularly with the Tata Indica, and considered selling this division to Ford Motors, which previously owned …
On October 10, 2024, Ola Electric, India’s largest electric vehicle (EV) company, launched its ‘BOSS 72-hour Rush’ as part of its festive season sale, the ‘Biggest Ola Season Sale.’ From October 10 to 12, customers can purchase an Ola S1 scooter starting at just ₹49,999 and enjoy additional benefits worth up to ₹25,000 on the …
On October 11, 2024, Jio Financial Services Limited (JFSL) announced the launch of the enhanced JioFinance App, a comprehensive platform for seamless, digital-first financial services. The app is now available on the Google Play Store, Apple App Store, and MyJio, featuring a variety of attractive offerings. The beta version of the JioFinance App was introduced …
Tata Consultancy Services (TCS) has announced its consolidated financial results for the quarter ending September 30, 2024 (Q2 FY25). The company reported revenues of ₹64,259 crore, reflecting a 7.6% year-on-year increase, and a 5.5% increase in constant currency. Operating margin stood at 24.1%, a slight decline of 0.2% YoY, while net income rose by 5.0% …
On October 10, 2024, Arkade Developers Limited announced its financial results for the first quarter of FY25. The company reported consolidated revenue of ₹12,538.13 lakhs for Q1 FY25, a significant increase from ₹6,177.16 lakhs in Q1 FY24 and slightly up from ₹12,288.60 lakhs in Q4 FY24. Consolidated profit before tax for Q1 FY25 reached ₹4,088.74 …
Tata Elxsi, a global leader in design-led technology services, has reported its Q2FY25 results. The company achieved operating revenue of ₹955.1 crore, reflecting a 3.1% quarter-on-quarter growth. Key drivers of performance included the company’s operational excellence and disciplined fiscal management, which resulted in an expansion of EBITDA margins by 70 basis points to 27.9%. Profit …
On October 11 at 08:12 AM, the SGX Nifty was trading lower by 0.08% to 25,089.5, indicating a muted opening of the Indian benchmark indices Nifty 50 and Sensex. Check out a few stocks, which will be in focus during the trading session. Tata Consultancy Services Ltd In Q2 FY25, TCS reported a net profit …
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