Sales rise 0.96% to Rs 15.79 crore
Posts in category Business Standard
DCB Bank standalone net profit rises 3.49% in the June 2024 quarter (24-07-2024)
Total Operating Income rise 20.32% to Rs 1489.25 crore
Power Grid receives upgrade in stand-alone credit profile from S&P Global Ratings (24-07-2024)
Further, S&P Global Ratings affirmed its ‘BBB-‘ long-term issuer credit rating and ‘BBB-‘ issue rating on POWERGRID. The ratings are capped by that on the Indian sovereign (BBB-/Positive/A-3). The Positive Rating outlook on POWERGRID reflects the outlook on the sovereign rating on India.
Borosil Renewables soars on import duty proposal for solar glass (24-07-2024)
Borosil Renewables jumped 8.46% to Rs 562.10 after the Indian government proposed a 10% import duty on solar glass.
KPIT Tech gains as Q1 PAT climbs 24% QoQ to Rs 204 cr (24-07-2024)
KPIT Technologies rallied 3.04% to Rs 1,850.35 after the IT firm’s consolidated net profit jumped 24.22% to Rs 204.16 crore on 3.55% rise in revenue from operations to Rs 1,364.63 crore in Q1 FY25 over Q4 FY24.
CG Power & Industrial Solutions to acquire majority stake in G G Tronics (24-07-2024)
This acquisition is in line with CG’s strategic intent to expand its Railway product portfolio by diversifying into closely related or adjacent areas poised for growth. The integration is anticipated to leverage synergies between the companies. CG’s extensive expertise in manufacturing, engineering, and project management, complemented by GGT’s specialized knowledge in Railway Transport Safety, particularly in the
Train Collision Avoidance System ‘KAVACH,’ and embedded systems will enable CG to actively pursue ‘KAVACH’ and other Rail Safety projects, in the areas of Electronic Signalling sector through this vehicle.
Petronet LNG hits record high as PAT jumps 44% YoY in Q1 FY25 (24-07-2024)
Petronet LNG advanced 5.38% to Rs 351.45 after its consolidated net profit jumped 39.74% to Rs 1,100.76 crore in Q1 FY25 as compared with Rs 787.73 crore reported in Q1 FY24.
Butterfly Gandhimathi Appliances standalone net profit declines 82.89% in the June 2024 quarter (24-07-2024)
Sales decline 17.02% to Rs 181.70 crore
Tips Industries standalone net profit rises 60.74% in the June 2024 quarter (24-07-2024)
Sales rise 40.48% to Rs 73.92 crore
NSE Emerge platform hits new milestone with 500th SME listing (24-07-2024)
NSE’s chief business development officer, Sriram Krishnan, highlighted the achievement, noting the accelerated pace of listings. He stated that reaching 100 listings took over 5 years, but the last 100 companies were listed in just 6 months. This signifies the growing confidence in India’s MSME growth story.