Sales rise 35.60% to Rs 40393.09 crore
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Karnataka State Financial Corporation standalone net profit rises 11.13% in the June 2024 quarter (20-08-2024)
Sales decline 1.72% to Rs 67.90 crore
Kerala Financial Corporation standalone net profit rises 45.04% in the June 2024 quarter (20-08-2024)
Sales rise 23.83% to Rs 212.50 crore
Konkan Railway Corporation standalone net profit declines 59.57% in the June 2024 quarter (20-08-2024)
Sales decline 0.62% to Rs 963.35 crore
Japanese markets rally on weaker yen (20-08-2024)
The Nikkei average jumped 1.80 percent to 38,062.92 after having snapped a five-day winning streak the previous day. The broader Topix index settled 1.11 percent higher at 2,670.54.
Chinese markets edge lower after policy rate (20-08-2024)
The dollar index was on the defensive as investors awaited minutes of the Federal Reserve’s July policy meeting and a speech from Chair Jerome Powell at Jackson Hole for additional clues on the possibility of a rate cut in the September policy meeting.
Four listed REITs disburse Rs 1,371 cr to unitholders in Apr-Jun quarter (20-08-2024)
Four publicly listed real estate investment trusts have distributed Rs 1,371 crore to their unit holders for the first quarter of this fiscal, according to industry data.
These four publicly listed real estate investment trusts (REITs) in India are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders.
Since their inception over the past five years, these four REITs have collectively distributed more than Rs 18,000 crore to their unit holders.
Indian REITs market now oversees gross Assets Under Management (AUM) of over Rs 1,40,000 crore.
The portfolio managed by these REITs spans approximately 122 million square feet of Grade A office and retail space across the country.
Indian REITs Association, a non-profit organization established under the ..
Quick Wrap: Nifty PSU Bank Index gains 1.68% (20-08-2024)
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IPO-bound Kalpataru posts Rs 100.74 cr net loss in FY24 on lower income (20-08-2024)
Real estate firm Kalpataru Ltd has posted a consolidated net loss of Rs 100.74 crore during the last financial year on lower income.
Last week, the company filed a preliminary document with capital markets regulator Sebi to launch its initial public offering (IPO) to raise up to Rs 1,590 crore, mainly to reduce debt.
Mumbai-based Kalpataru Ltd has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises a fresh issue of shares, having a face value of Rs 10 each, aggregating up to Rs 1,590 crore.
It would use Rs 1,192.5 crore for repayment/prepayment, in full or in part, of certain borrowings.
According to the DRHP, the company posted a consolidated net loss of Rs 100.74 crore during 2023-24 fiscal, down from a net loss of Rs 200.73 crore in the preceding financial year.
Total income also declined to Rs 2,029.93 crore in the last fiscal from Rs 3,716.61 crore in the 2022-23 financial year.
“We are an integrated real estate development company involved in al
Indices end with modest gains; VIX slides 3.45% (20-08-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 378.18 points or 0.47% to 80,802.86. The Nifty 50 index gained 126.20 points or 0.51% to 24,698.85.