On April 25, 2024, Brigade Group, through an exchange filing, announced that it had signed a management agreement with IHG Hotels & Resorts, a global hospitality company to debut the InterContinental brand in Telangana − InterContinental Hyderabad Neopolis. InterContinental Hyderabad Neopolis is likely to open in 2029, and this newly constructed hotel is expected to …
On April 25, 2024, Easy Trip Planners Limited informed the stock exchanges that the company’s flagship brand, EaseMyTrip, partnered with Adani Digital Labs to offer exclusive duty-free shopping benefits. Details of the Partnership One of the leading travel tech platforms in India, EaseMyTrip.com, has entered into a strategic partnership with Adani Digital Labs (ADL) to …
It’s a wild day in the Indian stock market on the eve of April Futures & Options (F&O) series expiry, with major indices swinging up and down. But amidst this turbulence, there’s one sector standing tall—Nifty Pharma. The pharma index has edged up by 0.42%, and one stock that’s caught everyone’s attention is Divis Laboratories …
Indus Towers is one of the largest telecom tower companies in the world, with over 185,000 towers across India. It was founded in 2007 as a joint venture between Bharti Airtel, Vodafone, and Idea Cellular. Negotiations were reportedly underway for Bharti Airtel, India’s second-largest telecom operator, to acquire the 21.05% equity stake held by UK-based …
On April 24, 2024, Syngene International Limited announced its full-year and fourth-quarter results of FY 2024. The company’s revenue from operations was up by 9%, and the Profit After Tax (PAT) was up by 12% in FY 2024. In FY 2024, Syngene International Limited’s revenue from operations was ₹3,489 crore, which grew by 9% compared …
Reliance Industries Ltd (RIL), India’s largest company by market capitalization, reported a 7.3% increase in consolidated net profit at Rs.79,020 crore for the financial year 2023-24. The company’s gross revenue surpassed the Rs.10 lakh crore mark during the same period. The conglomerate’s two emerging businesses, Reliance Retail Ventures Ltd (RRVL) and Jio Platforms Ltd (JPL), …
Shyam Metalics and Energy Ltd, a leading force in India’s metals manufacturing industry, has unveiled a groundbreaking new product: the SEL Tiger Foil. This innovative aluminium foil reflects the company’s commitment to food safety and environmental responsibility. Driven by a deep understanding of consumer needs and a projected 7.4% Compound Annual Growth Rate (CAGR) for …
On April 24, 2024, MAS Financial Services released its financial results for the financial year 2024. The company reported a robust financial performance, where the consolidated AUM of MAS Financial Services crossed ₹10,700 crore in Q4 2024 and reported Profit After Tax (PAT) of more than ₹250 crore in FY 2024. The company stated that …
On April 24, 2024, ASK Automotive Limited informed the stock exchanges that the company had signed a strategic joint venture with a Japanese OE Auto Components Supplier, AISIN Group Companies. Details of the Partnership ASK Automotive Limited, the largest manufacturer of brake shoes and advanced brake systems for two-wheelers in India, announced a landmark joint …
Axis Bank Limited, one of the leading commercial banks in India, recently released its financial and operational results for the quarter and year ended March 31, 2024. Quarterly Performance During Q4 FY2024, the bank recorded a 15% YoY growth in operating profit to ₹10,536 crore. In addition, net profit stood at ₹7,130 crore, compared to …
