• Nestle India Q2 net profit up 11% to Rs 539 crore
    Mumbai (Maharashtra) [India]: FMCG major Nestle India on Wednesday reported an 11 per cent year-on-year rise in its net profit to Rs 539 crore for the quarter ended June.The company’s revenue from operations rose 14 per cent to Rs 3,462 crore in the April to […]
  • Rights Issue paves the way for Rs 382 crore fundraise for IRB Infra
    Mumbai (Maharashtra) [India]: IRB Infrastructure Developers said on Tuesday it has completed a total fundraise of Rs 381.63 crore with an investment of Rs 194.63 crore in its sponsored IRB Infrastructure Trust, the private InvIT jointly launched by the company and Singapore-based GIC Affiliates with […]
  • Sensex closes 274 points below, pharma stocks break
    Mumbai (Maharashtra) [India]: Equity benchmark indices shaved early gains and closed half a per cent lower on Tuesday with pharma stocks being the worst sufferers.At the closing bell, the BSE S&P Sensex was lower by 274 points or 0.52 per cent at 52,579 while the […]
  • Byju’s buys Toppr, Great Learning in $750 mn deal
    Edtech unicorn and India’s most valuable startup Byju’s is continuing its acquisition spree by buying after-school learning app Toppr and upskilling platform Great Learning in a cash and stock deal, according to regulatory filings filed by the company. With this, Byju’s has acquired six startups […]
  • Apex court verdict to make Vodafone Idea’s funding an uphill task
    The Supreme Court’s verdict on Friday will make fundraising an uphill task for the struggling Vodafone Idea (Vi) Ltd as potential investors do not expect the company to generate enough cash in the near future to clear its dues. Cash-starved Vodafone Idea Ltd’s stock hit […]
  • Reliance Industries’ first-quarter results show a 67 percent increase in net profit year over year to Rs 13,806 crore, with revenue of Rs 1.44 lakh crore
    India’s largest company by market capitalisation, on July 23 reported June quarter profit at Rs 13,806 crore, up 66.7 percent year-on-year (YoY), with normalised tax provision. The revenue of the oil-to-telecom conglomerate stood at Rs 1.44 lakh crore. However, the numbers on sequential basis were impacted […]
  • Indian mutual fund industry potential to grow exponentially: Deepak S. Parekh
    Kolkata: HDFC Asset Management Company’s Chairman, Deepak S. Parekhaddressing the shareholders has said that that Indian mutual fund industry has the potential togrow exponentially. According to him, the year gone by will go down in history as one of the most difficult ones experienced globally. […]
  • As Covid cases rise, airline stocks fall.
    Early Monday, U.S. airline stocks plummeted as an increase of Covid-19 cases increased concerns about the economy’s recovery, wreaking havoc on one of the industries most closely linked to looser pandemic restrictions. In early Monday trading, American Airlines and United Airlines were both down more […]
  • Today’s gold price is less than Rs 48,000. Should You Invest Now? Understand the Experts’ Opinion
    Gold Price Today: On the Multi-Commodity Exchange (MCX), August gold contracts dropped 0.03 per cent lower to Rs 47,909 for 10 grams at 1235 hours.’ “Gold’s fair value seems determine around 1800 level as the yellow metal is struggling to breach $1835 levels in absence […]
  • Reliance’s O2C, new energy biz may be valued over USD 100 bn: Report
    Billionaire Mukesh Ambani-led Reliance Industries Ltd’s plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create a valuation of USD 36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report. […]
  • Clean Science and Technology, GR Infraprojects shares to be listed today, GMP indicates strong debut
    Clean Science, GR Infra Listing, Grey Market Premium (GMP): The shares of Clean Science and Technology and GR Infraprojects Limited will be listed on the stock exchange today. The equity shares of the two companies will be listed on NSE and BSE at 10 am.   Clean Science […]
  • FedEx Express to invest USD 100 million in Delhivery
    FedEx Express, a subsidiary of leading global express transportation company FedEx Corp, will invest USD 100 million in the e-commerce logistics platform Delhivery. FedEx Express India and Delhivery have entered into equity and commercial agreements that will utilize their combined strengths to unlock India’s international […]