Bank of Baroda (BoB) reported a net profit of ₹5,238 crore for Q2 FY25, marking a 23.2% increase from ₹4,253 crore in the same quarter last year. The bank’s net interest income rose by 7.3% to ₹11,622 crore, up from ₹10,831 crore in Q2 FY24. For the first half of FY25, net interest income increased …
Olectra Greentech Limited has announced its unaudited financial results for the quarter that ended on September 30, 2024, reflecting strong growth across various key metrics. The results were announced on October 22, 2024 and on October 23, Olectra share price opened higher than its previous close. Consolidated Financial Highlights Looking into the financials, the company’s …
Monopoly stocks in India represent companies that dominate their respective markets, benefiting from a lack of competition and enjoying substantial pricing power. One prime example is the Indian Railway Catering and Tourism Corporation (IRCTC), which operates as the exclusive online ticketing platform for Indian Railways, as well as providing catering services and tourism-related activities. With …
HDFC Bank Ltd has announced the incorporation of its wholly owned subsidiary, HDFC Securities IFSC Limited, effective October 1, 2024. This development follows the Reserve Bank of India’s approval, communicated on May 13, 2022, allowing HDFC Bank to establish a step-down subsidiary through HDFC Securities Limited for providing broking and clearing services within the International …
Sealmatic India Limited has announced the acquisition of an order for engineered mechanical seals for the supercritical power plant project being developed by Bharat Heavy Electricals Limited (BHEL) at the DVC Raghunathpur Thermal Power Station, Phase II, which has a capacity of 660 MW x 2, totalling 1320 MW. These mechanical seals are critical components …
Leading infrastructure development firm H.G. Infra Engineering Limited (HGIEL) has over 21 years of experience with roads and highways. Our company, which was founded by 45-year construction industry veteran Shri Hodal Singh, has become a leader in the field under the direction of Mr. Harendra Singh, our Chairman and Managing Director. HAM (Hybrid Annuity Model) …
Sun Pharmaceutical Industries Limited, in collaboration with Israel-based Moebius Medical Limited, has announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation (FTD) for MM-II, a novel treatment targeting osteoarthritis knee pain. MM-II is formulated using large liposomes of DPPC and DMPC, which have shown potential in addressing the unmet medical …
The Insurance Regulatory and Development Authority of India (IRDAI) has instructed insurance companies to upgrade their IT systems to work with Digilocker, making it easier for policyholders to use the service. In its new Master Circular on Policyholder Protection, under the Irdai Regulations 2024, the regulator combined 30 previous circulars into one document. This circular …
The microfinance sector is expected to experience a gradual stabilisation towards the end of the third quarter, with a noticeable improvement anticipated from the fourth quarter onwards. This optimistic outlook is contingent upon the effective implementation of guardrails by lenders, as projected by a prominent stock broking firm. Despite this forecast, the sector continues to …
On September 5, 2024, EKI Energy Services Ltd unveiled EKI Academy, a new educational initiative designed to train individuals and organisations in environmental services. The Academy aims to cultivate a new generation of climate advocates through a comprehensive curriculum covering key areas such as GHG footprint accounting, carbon offset project development, and ESG and sustainability …
