Thomas Cook (India) Limited has announced its financial results for the quarter ended June 2024, reporting a Group Profit Before Tax (PBT) of ₹1,073 million for Q1 FY25, reflecting a 17% growth compared to Q1 FY24. Consolidated gross and EBITDA margins were sustained during the quarter. Q1 FY 2025 Financial Highlights The standalone PBT of …
On July 31, 2024, Tata Technologies Limited (TTL) announced the incorporation of a wholly owned subsidiary, BMW TechWorks India Private Limited (BTIPL). The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation for BTIPL on the same day. Tata Technologies Limited, the promoter of BTIPL, will hold 100% of the subsidiary’s share …
Redington Ltd has announced its financial results for the quarter ending June 30, 2024 (Q1 FY’25), showcasing strong performance across all business segments, outperforming industry standards. With revenue reaching ₹21,335 crores, the company stated that this has been its best Q1 to date. Net profit, excluding Arena, saw a year-on-year growth of 13%. Despite challenges …
Infosys, India’s second-largest IT company, according to the reports, faced allegations of tax evasion amounting to over Rs.32,000 crore by the Directorate General of GST Intelligence (DGGI). The charges pertain to non-payment of GST on expenses incurred by the company’s overseas branches from July 2017 to March 2022. According to the DGGI, Infosys paid consideration …
On July 31, 2024, the benchmark indices Nifty was up 0.38% to close at 24,951, and Sensex was up 0.35% to close at 81,741. Top Gainers and Losers On the sectoral front, Nifty Mid-small Healthcare, Nifty Metal, Nifty Pharma, and Nifty Media ended in the green. Meanwhile, Nifty PSU Bank and Nifty Realty were declining. …
During Wednesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Suzlon Energy Ltd Currently trading at Rs 69.39, Suzlon Energy Ltd experienced a 1.72% rise from its previous close of Rs 68.22. The stock hit a new 52-week high at Rs 70.89, indicating …
On Tuesday, the market exhibited positive sentiment, with the Sensex rising by 0.35% to reach 81,741.35, while the Nifty increased by 0.38%, breaking the 24,951.15 mark. The broader market displayed mixed results; the Nifty Mid-cap closed up by 0.63%, whereas the Nifty Small-cap saw a decline of 0.36%. Market volatility, as measured by India VIX, …
When you hear the term “bonus issue” in the world of investing, it might sound like an extra reward for being a loyal shareholder. And in a way, it is! But there’s more to it than meets the eye. Let’s explore what a bonus issue is, how it works, and why it’s a win-win for …
On July 31, 2024, Aurionpro Solutions Limited announced a major deal with a top Malaysian bank to modernise its corporate processes. This $3 million deal will be implemented over 15 months. The bank has chosen Integro Technologies, a subsidiary of Aurionpro, to upgrade its loan origination system using SmartLender, an advanced commercial loan solution. This …
On July 31, 2024, Nilkamal Limited announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2024. Standalone Financial Results for Q1FY25 The company reported revenue of ₹729 crore for Q1FY25, down from ₹769 crore in Q1FY24. The plastic business contributed ₹690 crore, while the retail segment ‘@home’ generated ₹39 …
