The Public Sector Bank, Bank of Baroda has reported its Q4 FY 2023-24 results today, The Net profit in this quarter rose by 2.3% on a year-on-year basis to Rs.4,886.5 crores as compared to Rs.4,775.3 crores in Q4 FY 2022-23. Q4 Performance of Bank of Baroda In the fourth quarter of FY24, Bank of Baroda, …
Ratan Tata pioneered the concept of a brand subscription scheme in 1996. According to this arrangement, it required Tata-affiliated companies to pay 0.25% of yearly revenue or 5% of pre-tax profit for direct use of the Tata brand, and 0.15% for indirect use. Increase in Royalty Fee Tata Sons, the main holding company of the …
On May 10, 2024, Polycab India Limited (PIL), one of the leading wire and cable manufacturers, released its financial results for the quarter and year ended March 31, 2024 (FY 2024). Quarterly Performance During Q4 FY2024, the company witnessed a 29% YoY revenue growth, which was fueled by strong volume growth in the wires and …
On May 9, 2024, Tata Steel Limited informed the exchanges that the company had acquired 18,73,493 equity shares of ₹10 each at an issue price of ₹427.01 per share of The Indian Steel & Wire Products Limited (ISWP). The Indian Steel & Wire Products Limited is a subsidiary company of Tata Steel. Tata Steel has …
On May 9, 2024, Infosys Ltd informed the stock exchanges that they had signed a strategic three-year partnership with the ABB FIA Formula E World Championship as its official Digital Innovation Partner. ABB FIA Formula E World Championship is the global motorsport championship for electric cars. Through this alliance, Infosys will provide in-race analytics, enhance …
Praveg Limited, India’s leading eco-conscious luxury resort company, announced the opening of Praveg Beach Resort at Nagoa Beach, Diu. This momentous occasion signifies a significant milestone in Praveg’s unwavering commitment to offering unparalleled experiences in luxury and hospitality. Announced just last October, the project’s swift completion within six months exemplifies Praveg’s dedication and efficiency. The …
The benchmark index S&P BSE 500 opened today at 32,215.14 and made its day high at 32,357.61, and it is trading in green today, up by over 0.60%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Hindustan Zinc Ltd Shares …
On Friday, the benchmark indices were trading in the green with the Sensex up around 420 points or 0.58% at 72,825, while the Nifty-50 was up around 100 points or 0.45% at 22,057. About 1,557 shares have advanced; 1,405 declined and 117 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Adani Enterprises Limited (AEL), a leading Indian conglomerate, announced a strategic expansion into the digital technology domain. Through a filing on the exchange, AEL revealed that its wholly-owned subsidiary, Adani Global Limited, Mauritius (AGLM), has acquired a 49% stake in Sirius Digitech Limited (Sirius Digitech), a UAE-based company. This move signifies Adani Group’s commitment to …
Brigade Group, a leading Indian property developer, announced the signing of a definitive agreement for a prime land parcel on Old Madras Road, Bengaluru, on May 9, 2024. This strategic acquisition signifies the company’s continued commitment to growth within the city’s vibrant residential market. Prime Location for High-Quality Development The newly acquired land parcel encompasses …
