Larsen & Toubro (L&T) reported a 14% year-on-year (YoY) increase in consolidated net profit for Q3FY25, reaching ₹3,358.84 crore, compared to ₹2,947.36 crore in the same quarter last year. However, on a sequential basis, net profit declined by 1.07%. Revenue Performance L&T’s consolidated revenue from operations rose 17.3% YoY to ₹64,667.78 crore in Q3FY25, up …
JSW Energy has lowered its capital expenditure (capex) target for FY25 to ₹10,000 crore, down from the initial estimate of ₹15,000 crore. The company is shifting its focus towards acquisitions rather than organic expansion due to sectoral challenges like connectivity issues. Capex Spending So Far In the first 9 months of FY25, JSW Energy has …
Indraprastha Gas Ltd (IGL) has set January 31, 2025, as the record date for its 1:1 bonus share issue. This means investors must own IGL shares before the ex-date to be qualified for the bonus shares. Purchase Deadline for Eligibility To be qualified for the bonus shares, investors must have IGL shares in their demat …
Greenlam Industries Ltd has taken significant corporate action by announcing a bonus issue in the ratio of 1:1. This means that for every 1 share held, shareholders will receive 1 additional free share at no extra cost. As per the company’s exchange filing, the record date for the bonus issue is yet to be determined. …
NTPC Ltd, India’s largest power generation company and a Maharatna public sector undertaking (PSU), is trading ex-dividend. On January 31, 2025, as of 2:20 PM, on the National Stock Exchange (NSE), the share price stood at ₹322.5. The ex-dividend status follows the company’s announcement of a second interim dividend of ₹2.50 per equity share for …
HCL Technologies (HCLTech) and Microsoft have collaborated with Cricket Australia (CA) to introduce generative AI (GenAI) technology into the Cricket Australia Live app. This partnership aims to redefine the fan experience by providing real-time, AI-driven insights during live matches. AI Insights: A Game-Changing Matchday Companion The latest addition to the Cricket Australia Live app is …
Wockhardt Ltd’s flagship antibiotic, Zaynich, has demonstrated groundbreaking efficacy in a global Phase III clinical trial for complicated urinary tract infections. The drug has shown remarkable success in treating multidrug-resistant (MDR) and extensively drug-resistant (XDR) pathogens, positioning Wockhardt as a key player in the global pharmaceutical industry. Following this announcement, the company’s shares surged 10% …
The third-quarter earnings season is in full swing, and January 31, 2025, is shaping up to be a significant day for investors and analysts. A total of 111 companies are set to release their earnings, with some of the most notable names including Oil and Natural Gas Corporation (ONGC), Vedanta, Punjab National Bank (PNB), and Union …
Kiri Industries Limited has achieved a significant legal victory in Singapore, as the Court of Appeal upheld the company’s claims regarding the buyout of DyStar. The court rejected the appeal of Senda International Capital Limited (“Senda”) and ruled in favour of Kiri Industries, awarding a priority payment of US$603.80 million along with interest. This ruling …
Ola Electric has regained its position as the top electric two-wheeler manufacturer in India, capturing a 25% market share in January 2025. The company recorded 22,656 registrations, showing a 65% month-on-month growth, according to Vahan data. This comes after a weak December, where its sales had dropped to a 27-month low Gen 3 S1 Portfolio …
