In a significant move, the Karnataka government has directed all its departments, boards, corporations, public sector units, and universities to withdraw their deposits and investments from the State Bank of India (SBI) and Punjab National Bank (PNB). This decision announced through a circular dated August 12, 2024, is a response to allegations of fund misappropriation …
Sarveshwar Foods Limited has announced its unaudited financial results for the quarter ended June 2024 (Q1 FY 2025). The company’s revenue from operations stood at ₹233.05 crore in Q1 FY25, a significant increase from ₹187.68 crore in Q1 FY24, reflecting a year-on-year growth of 24%. They stated this growth is largely driven by the continued …
Craftsman Automation Ltd has announced an update regarding its acquisition plans in Germany. This follows their previous disclosure on July 23, 2024, in compliance with Regulation 30 of the SEBI Listing Regulations. On July 22, 2024, the company’s German subsidiary, German Sub, executed an Asset Sale and Purchase Agreement (APA) with Fronberg Guss GmbH. This …
RHI Magnesita India Limited has announced its unaudited consolidated financial results for the quarter ended June 30, 2024 (Q1 FY 2025). The company reported a 16% growth in EBITDA compared to the same quarter of the previous financial year. However, the company recorded revenue of ₹878 crore for Q1 FY25, a slight decline from ₹928 …
Mahindra Logistics informed the stock exchanges that it has launched the ‘Emission Analytics Report,’ a digital platform designed to offer customers real-time visualisation of their carbon emissions and support supply chain decarbonisation. The company stated that this user-friendly tool focuses on transportation and provides detailed Scope 3 carbon emission data, including emissions intensity, tonne-kilometres, mode-specific …
Samvardhana Motherson Ltd., a big name in the global automotive components industry, has announced plans to invest up to Rs 5,000 crore in capital expenditure for the FY25, followed by a strong first quarter, during which the company reported growth in both net profit and revenue. However, Chief Financial Officer Kunal Malani has indicated that …
Power Mech Projects Ltd (PMPL) saw a rise in its share price today, following the announcement of securing a major contract. The company’s shares surged as much as 6% to an intraday high of Rs.6,039.80 per share before settling at Rs.5,850 per share by 9:34 AM, reflecting a 3% increase, this was in contrast to …
The recently listed electric vehicle maker Ola Electric Mobility Limited recently announced its results for the quarter ended June 30, 2024 (Q1 FY2025). Ola Electric recorded the highest-ever quarterly revenue, with a YoY growth of 34.32% to ₹1,718 Crore, compared to ₹1,279 Crore for the quarter ended June 30, 2023. Highest Ever Deliveries During the …
On August 14, 2024, Panacea Biotec Limited, a leading pharmaceutical and biotechnology company, announced in an exchange filing that it had started a Phase III clinical trial of its tetravalent dengue candidate vaccine, DengiALL, in India with the Indian Council of Medical Research. The trial commenced after receiving approval from the Drugs Controller General of …
Ola Electric Mobility Limited reaffirmed its commitment to transforming India into a global EV and new energy hub by announcing a series of new products and future plans across its EV and energy verticals. Expanding the EV Portfolio The company entered the electric motorcycle segment with the launch of its Roadster series, comprising the Roadster, …
