On Thursday, the Indian benchmark indices concluded the trading day on a notably negative note, with the Sensex losing by 0.14% to close at 80,040, and the Nifty slipped by 0.03% to finish at 24,406. The broader market also experienced gains, as the Nifty Mid-Cap closed lower by 0.23%, and the Nifty Small-Cap slipped by …
The benchmark index S&P BSE 500 opened today at 35,966.96 and made its day high at 36,114.77, and it is trading in red today, down by more than 0.20%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. MMTC Ltd Shares …
Elecon Engineering Company Limited, one of the largest manufacturers of Industrial Gears, released its results for the quarter that ended June 30, 2024 For Q1FY25, Elecon reported consolidated revenues from operations of ₹392 crore, achieving an EBITDA margin of 23.5%. The company’s unwavering focus on profitability has been instrumental in its progress. Elecon delivered a …
Vimta Labs, a leading Contract Research and Testing Organisation (CRO) in India, announced its financial results for the quarter ended June 30, 2024, on July 17, 2024. The company delivered a positive performance, showcasing healthy revenue and profitability margins. Key Financial Highlights Total Income: ₹824 million, reflecting a stable revenue stream for the quarter. Profitability …
On July 18, 2024, Zensar Technologies Limited announced via a stock exchange filing that its wholly owned subsidiary Zensar Technologies Inc., USA, has signed an agreement to acquire 100% ownership of BridgeView Life Sciences, LLC. Objectives and Impact of Acquisition The acquisition aims to bolster Zensar’s Healthcare and Life Sciences vertical. It enhances Zensar’s capabilities …
About Award Tejas Networks, a leading Indian telecom and networking company, has been conferred the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award-2023. This recognition, presented by the Government of India, acknowledges Tejas Networks’ significant contributions in the field of ‘Telecom Equipment Research and Manufacturing.’ The award ceremony, held in New Delhi, saw Shri Jyotiraditya Scindia, …
Tata Communications Limited, a leading global digital ecosystem enabler, has announced a strategic move to simplify its corporate structure. The company’s board of directors approved an investment in its wholly-owned subsidiary, Tata Communications (UK) Limited (TC UK). Simplifying for Efficiency This investment, valued at approximately $26.8 million (₹223.84 crore), will see Tata Communications directly acquire …
Introduction ONGC Videsh Limited (OVL), a prominent player in the international oil and gas sector, has recently announced a significant acquisition. This move underscores the company’s commitment to enhancing India’s energy security by expanding its global asset portfolio. Let’s dive into the details of this acquisition and understand its implications. The Acquisition Deal ONGC Videsh …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 425 points or 0.53% at 79,234, while the Nifty-50 was down around 120 points or 0.50% at 24,293. About 1,216 shares have advanced; 1,702 declined and 86 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Jubilant Pharmova Limited has announced its financial results for the first quarter of FY25, showcasing significant growth across various segments. The company has maintained its growth momentum, achieved EBITDA margin expansion, and reduced its net debt/EBITDA ratio. Let’s delve into the key highlights and segmental performance. Financial Highlights Particulars Q1FY24 Q1FY25 YoY change Total Income …
