CE Infosystems Ltd., the company behind MapMyIndia, is optimistic about its business prospects, particularly its Internet of Things (IoT) and maps segments, after reporting strong first-quarter results for FY25 as the company has achieved over Rs 100 crore in revenue. Despite quarterly fluctuations in revenue, CEO Rohan Verma mentioned that the company is on track …
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 …
Shares of Electronics Mart Ltd. experienced a notable gain of up to 3% on Friday, following a significant block deal that sparked investor interest. However, after the initial surge, the stock price gradually cooled off, reflecting a more measured market response. Details of the Block Deal The block deal, which involved the exchange of 3.1 …
Indian indices ended positive on August 14, snapping a 2-day losing streak, driven by gains in IT stocks. At the close, the Nifty 50 was up by 0.02%, and the Sensex was up by 0.19%, closing at 24,143 and 79,105, respectively. Top Gainers and Losers Regarding sectors, Nifty IT, Nifty Consumer Durables, and Nifty Auto …
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 …
Indian markets have experienced a breathtaking rally on Friday, with the NSE benchmark Nifty50 index soaring above the 24,500 mark and the Sensex surpassing the 80,200 mark. The Nifty Bank also made significant strides, jumping 740 points to climb above the 50,450 mark. The broader markets echoed this bullish sentiment, with the Nifty Midcap and …
Tata Steel Ltd. has made a strategic move to strengthen its global presence by acquiring over 115 crore equity shares in T Steel Holdings Pte. This acquisition, detailed in the company’s filing on the BSE, underscores Tata Steel’s ongoing efforts to consolidate its subsidiaries and expand its footprint in the global steel market. Significant Equity …
Green energy stocks in India represent a rapidly growing segment of the investment landscape, driven by the country’s commitment to expanding its renewable energy sector. Before we look into the list of stocks, it is important to understand what are green energy stocks. Green energy stocks are shares in companies that produce, develop, or use …
Hindustan Zinc Ltd., a key player in the Indian mining industry, has informed the stock exchanges that its board will meet on August 20 to consider a second interim dividend for the current fiscal year. This announcement has garnered significant attention, particularly due to the company’s historical dividend payouts and its strategic importance to major …
A nine-judge constitution bench of the Supreme Court has issued a key ruling on mining company taxes, allowing states to collect past dues on royalty and taxes for mineral-bearing land dating back to April 1, 2005. The court has permitted these dues to be paid in staggered instalments over 12 years, starting from April 1, …
