Shares of Indian Railway Public Sector Undertakings (PSUs) are facing a significant downturn, with IRFC, RVNL, IRCON, and others experiencing losses of 4-5% on Monday. This decline is in sync with a broader global market sell-off that has impacted Indian equities. The current slump marks a sharp reversal from the peak performance these stocks enjoyed …
On August 5, 2024, Vijaya Diagnostic Centre Limited, a top integrated diagnostic chain in India, released its financial results for the quarter ending June 30, 2024. In Q1 FY25, Vijaya Diagnostic Centre reported revenue of ₹1,562.2 million, a 29.1% increase compared to ₹1,210.5 million in Q1 FY24 and a slight 0.7% rise from ₹1,552.1 million …
On August 5, 2024, Insolation Energy Limited (IEL) announced significant developments in its solar power project portfolio. The company’s subsidiary, Insolation Green Infra Pvt Ltd, has signed a Memorandum of Understanding (MoU) with Ganesh Décor India Pvt Ltd. The MoU is for a major solar power project under the KUSUM C scheme in Rajasthan. The …
On August 5, 2024, Devyani International Limited (DIL) announced its financial results for the quarter ended June 30, 2024. For Q1 2025, DIL reported operating revenues of ₹12.2 billion, reflecting a strong quarter-over-quarter growth of 16.7%. Consolidated EBITDA for the quarter reached ₹2.2 billion, with margins improving to 18.3%, up 1.7% from the previous quarter. …
On August 05, 2024, Mastek announced that the first phase of London Metropolitan University’s People and Finance Digital Transformation programme has gone live. This marks a significant milestone in the university’s efforts to modernise its back-office operations and enhance digital capabilities with Oracle Cloud solutions. In May 2024, the university successfully delivered the first phase …
TIL Limited announced a new partnership with Snorkel Europe Limited in a stock exchange filing. Under this agreement, Snorkel will supply its extensive range of products and offer expertise and support. The company will become the official Sales and Service partner for Northern and Eastern India, the Andaman and Nicobar Islands, Nepal, and Bhutan. At …
Adani Ports and Special Economic Zone Limited (APSEZ) announced robust operational performance for July 2024, marked by a substantial increase in cargo volume. The company handled a total of 37.3 Million Metric Tonnes (MMT) of cargo during the month, representing a year-on-year (YoY) growth of 9.5%. This impressive growth was primarily driven by a surge …
India’s premier electricity exchange, the Indian Energy Exchange (IEX), set new benchmarks in July 2024, with a total volume (including certificates) surging to an unprecedented 13,250 Million Units (MU), marking a substantial 56% year-on-year growth. The core electricity market volume also witnessed robust growth, climbing 29% to 10,093 MU. Notably, the green electricity segment experienced …
Shares of Cera Sanitaryware Ltd. experienced a slight uptick on Monday, August 5th, gaining just over a percent. This increase came in response to the company’s announcement that its board has approved a buyback of its equity shares. Buyback Details Cera Sanitaryware plans to buy back up to 1.08 lakh equity shares, which constitutes 0.83% …
Orissa Bengal Carrier Limited (OBCL), a player in the transportation and logistics industry, has recently secured a significant contract with Vedanta Limited. This new deal exemplifies OBCL’s continued growth and its capacity to handle large-scale transportation projects. In this blog, we will delve into the details of the contract, OBCL’s comprehensive services, and the company’s …
