Mahindra & Mahindra (M&M) announced its Q4FY24 earnings today, revealing a substantial 32% increase in standalone profit, reaching Rs. 2,038 crore compared to Rs. 1,549 crore in the same period last fiscal year. Revenue from operations totaled Rs. 25,109 crore, with EBITDA rising to Rs. 3,119 crore, a 12% surge from Q4FY23’s Rs. 2,789 crore. …
In a significant move in India’s private equity landscape, Bain Capital, in partnership with Temasek, has positioned itself to challenge Blackstone for a majority stake in Haldiram Snacks Food Pvt Ltd. This potential acquisition could mark India’s largest private equity purchase to date, sparking competition in the market. Valuation and Offer The Bain-Temasek alliance recently …
The benchmark index S&P BSE 500 opened today at 32,913.12 and made its day high at 32,940.97, and it is trading in green today, up by around 0.20%. From the same space, these are the 3 companies which surpassed the benchmark index and were up by more than 5% today. Oberoi Realty Ltd Shares of …
Maithan Alloys Limited, a prominent player in the Indian metals industry, announced the strategic acquisition of shares in two leading defence companies: Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL). This move signifies Maithan Alloys’ commitment to diversifying its investment portfolio and capitalising on long-term growth prospects within the Indian defence sector. Investment Objectives …
Investing in penny stocks can be an exciting option for retail investors, given their low price and potential for high returns. These stocks are priced very low, often below ₹10 per share, and have high volatility. However, it’s crucial to tread carefully, as these stocks can also be risky. One way to mitigate some of …
One of India’s oldest and biggest corporations, the Tata Group, was created in 1868 by Jamsetji Tata. Initially established as a trading company, Tata Group diversified into various sectors, including steel, automobiles, telecommunications, and hospitality. Tata Steel, founded in 1907, quickly became a prominent player in the global steel industry as India’s first integrated steel …
Hindustan Unilever Ltd. (HUL) is a British-owned Indian FMCG(Fast Moving Consumer Goods) company headquartered in Mumbai. It is a subsidiary of the British company Unilever. The Delhi High Court has halted the FMCG Giant from pursuing comparative promotions of Ponds and Nivea that can cause potential harm to the business of Nivea. Ruling of the …
On May 16, 2024, Happiest Minds Technologies Limited informed the stock exchanges about its strategic partnership with a top-tier Salesforce consulting firm, Solvio. Happiest Minds is dedicated to fostering innovation and facilitating customer achievements within key industry sectors: Manufacturing, Industrial, Healthcare & Life Sciences, Energy & Utilities, CPG & Logistics, Retail, Banking, Financial Services, and …
On May 16, 2024, Schaeffler India informed the exchanges about the strategic digital campaign for its aftermarket brand LuK, focusing on clutches and drivetrain components. Known for its longevity, original equipment-matching quality, and innovation, Schaeffler’s LuK finds its path into every third car in the world. The release of the ad films signals Schaeffler India’s …
Indiabulls Housing Finance Limited offered secured, redeemable, non-convertible debentures (secured NCDs) named Indiabulls Housing Fin. Tranche VI NCD May 2024. The issue is open for subscription between May 13 and May 27, 2024. The base issue size was Rs 100 crore, with an option to oversubscribe for another Rs 100 crore, bringing the total tranche …
