Here are some of the major updates that could move the markets tomorrow: Bajaj Finserv Q1 Results: Net profit rises 57% YoY to Rs 1,309 crore Bajaj Finserv Ltd reported a 57% YoY increase in consolidated net profit to Rs 1,309 crore for the quarter ended June (Q1 FY23). Its total income grew 14% YoY […]
SpiceJet settles $24 million financial dispute with Credit Suisse SpiceJet Ltd has reached an in-principle commercial settlement with Credit Suisse AG over pending dues of $24 million. The Swiss firm had moved the Madras High Court against SpiceJet after the airline availed the services of SR Technics, Switzerland, for maintenance, repair, and overhauling of aircraft […]
Reliance terminates sub-lease of 950 Future stores Reliance Retails Ventures Ltd (RRVL) has issued notices on Future Retail for terminating sub-leases of 950 stores it had taken over. The debt-laded Future Group firms have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. In February, RRVL had […]
Indian Oil Corp acquires 4.93% stake in IGX Indian Oil Corporation (IOC) has acquired a 4.93% stake in Indian Gas Exchange (IGX). At face value, the acquisition will cost IOC Rs 3.7 crore. IGX is India’s first automated national-level gas exchange. It ensures transparent price discovery in natural gas and facilitates the growth of natural […]
India records GDP growth at 20.1% in Q1 India’s gross domestic product (GDP) for the April-June quarter (Q1 FY22) grew 20.1% as per the provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI). The sharp rise in Q1 GDP data can be mainly attributed to a low base last year. The economy […]
Sun Pharma Q1 Results: Net profit rises 62% QoQ to Rs 1,444 crore Sun Pharmaceutical Industries reported a 62% quarter-on-quarter (QoQ) increase in net profit to Rs 1,444.17 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 1,655.6 crore in the corresponding quarter last year (Q1 FY21). Its […]
Hindustan Unilever Q4 Results: Net profit rises 41% YoY to Rs 2,143 crore Hindustan Unilever Ltd (HUL) reported a 41% year-on-year (YoY) increase in net profit to Rs 2,143 crore for the quarter ended March (Q4). Its revenue rose 35% YoY to Rs 11,947 crore during the same period. The FMCG firm saw strong demand […]
The Government has set a target to ensure that India becomes a 30% electric vehicle nation by 2030. To make this a reality, the focus has now moved on to the production of lithium-ion cells, which is a very important component of EVs. In this article, find specific details regarding the battery-manufacturing companies that are listed in the Indian stock markets! These companies are likely to show an impressive rally in the coming years!