Domestic indices continued their upward trend, hovering around 52-week highs on the bourses. Broader indices outperformed the main indices by a notable margin. At 10:10 am, the BSE Sensex added 0.12% reaching a level of 80,763. The Nifty 50 index gained 0.15% to the 24,622 level. On the Sensex, Bharti Airtel, Infosys and Tata Steel …
Yes Bank Limited issued a statement on July 16, 2024, regarding a recent order received from the Tamil Nadu Goods and Services Tax (GST) department. The order, dated July 15, 2024, pertains to a demand for the reversal of input tax credit (ITC) claimed by the bank, along with associated interest and a penalty of …
On July 16, 2024, Rites Ltd, a leading engineering consultancy firm in India, secured a significant contract from the Public Works Roads Department (PWRD) of the Assam government. The project involves providing consultancy services for third-party monitoring and quality control of 47 roads spanning a total length of 996.7 kilometers across Assam. This project falls …
On July 16, 2024, RateGain Travel Technologies Limited announced a new partnership in a stock exchange filing. Its airline pricing solution, AirGain, has teamed up with Hahnair, a well-known German airline specialising in comprehensive ticketing and distribution services. This collaboration aims to enhance Hahnair’s airline distribution by integrating AirGain’s advanced pricing intelligence technology with Hahnair’s …
The Indian Renewable Energy Development Agency (Ireda) is charting a course for ambitious expansion. Led by Chairman and Managing Director (CMD) Pradip Kumar Das, the company is pursuing a multi-pronged strategy that involves a follow-on public offer (FPO), cost-cutting measures, and potential benefits from a green bond market. Ireda’s primary goal is to achieve a …
Rays Power Infra, a key player in India’s solar Engineering, Procurement, and Construction (EPC) service sector and a company eyeing an Initial Public Offering (IPO), marked a strong start to the fiscal year by announcing the acquisition of new projects worth ₹833 crore in the April-June quarter of 2024. This significant win translates to over …
In a strategic move to sharpen its focus on core categories, Hindustan Unilever Ltd. (HUL) announced the sale of its water purification business, operated under the popular brand Pureit, to A. O. Smith India Water Products Private Limited on July 15, 2024. The deal encompasses the entire Pureit brand, including trademarks, copyrights, and other intellectual …
Birla Estates Pvt. Ltd, a subsidiary of Century Textiles and Industries Limited and the real estate arm of the Aditya Birla Group, is poised for significant growth in the National Capital Region (NCR) with a strategic land acquisition in Gurugram’s Sector 71. This 5-acre prime parcel boasts a development potential of around 10 lakh square …
On July 15, 2024, Kellton Tech Solutions Ltd, a global leader in digital transformation, announced its results for the quarter ended June 30, 2024 (Q1 FY2025). The company recorded growth in its operational and financial performance during the period. Financial Performance Total revenue for the quarter amounted to ₹ 2,624 million as compared to ₹ …
In Q1 FY 2025, Jio Financial Services announced a 5.72% decrease in consolidated net profit, falling to ₹313 crore from ₹332 crore a year ago, as per its exchange filing. Interest income also decreased 19.8%, dropping to ₹162 crore compared to ₹202 crore in Q1 FY24. However, total income slightly rose to ₹418 crore due …
