Sterlite Technologies added 3.36% to Rs 118.60 after the company’s consolidated net loss to Rs 14 crore in Q2 FY25 from Rs 48 crore in Q1 FY25.
Posts in category Business Standard
TRAI releases Consultation Paper on Framework for Service Authorizations for provision of Broadcasting Services (30-10-2024)
The Telecom Regulatory Authority of India (TRAI) has today released a Consultation Paper on ‘Framework for Service Authorizations for provision of Broadcasting Services under the Telecommunications Act, 2023’. The Ministry of Information and Broadcasting (MIB) through a letter dated 25th July 2024, sent a reference to TRAI informing that the Telecommunications Act, 2023 has been published in the Official Gazette of India. Section 3(1)(a) of the Telecommunications Act, 2023, which is yet to be notified, provides for obtaining an authorization by any entity/ person intending to provide telecommunication services, subject to such terms and conditions, including fees or charges, as may be prescribed.
UTI AMC stock hits new high in weak market on healthy Q2; up 66% since Apr (30-10-2024)
In past three days, the stock surged 18% after UTI AMC reported a 31% YoY jump in PAT at Rs 239 crore for Q2FY25, led by steady revenue yield and moderation in the expense ratio.
NSE Clearing pays Rs 27 cr to settle interoperability violation with Sebi (30-10-2024)
NSE Clearing Corporation Ltd (NCL) has settled a case related to alleged non-compliance with the provisions of the interoperability agreement with markets regulator Sebi, following a payment of Rs 27.13 crore.
This came after the applicant proposed to settle the case through a settlement order “without admitting or denying the findings of fact and conclusions of law”.
The Securities and Exchange Board of India (Sebi) conducted an examination to check whether NSE Clearing Corporation Ltd under the interoperability framework was ensuring compliance with the regulatory norms and the provisions of the Interoperability Agreement.
Following the examination, a Show Cause Notice (SCN) was served to NCL in November 2023. The notice alleged that the applicant failed to maintain sufficient Inter Clearing Corporation (Inter-CCP) collateral from Indian Clearing Corporation Ltd (ICCL) and also allegedly failed to ensure compliance with provisions of the Inter-CCP agreement.
After this, NCL filed
P&G Hygiene PAT rises to Rs 212 crore in Q2 FY25 (30-10-2024)
Procter & Gamble Hygiene & Health Care’s net profit increased marginally to Rs 211.90 crore in September 2024 quarter as against Rs 210.69 crore posted in September 2023 quarter.
TTK Prestige Q2 PAT slides 11% YoY to Rs 53 cr (30-10-2024)
The kitchen appliances manufacturer reported 10.79% decline in consolidated net profit to Rs 52.87 crore in Q2 FY25 as compared with Rs 59.27 recorded in Q2 FY24.
CRISIL gains over 4% to hit 52-week high as stock trades ex-date today (30-10-2024)
BSE data reveals that the company has paid interim dividends of Rs 8, and Rs 7 on two different occasions earlier this year
Aditya Birla Capital gains as Q2 PAT jumps 42% YoY to Rs 1,001 cr (30-10-2024)
Aditya Birla Capital advanced 5.11% to Rs 215.05 after the company’s consolidated net profit jumped 42% to Rs 1,001 crore in Q2 FY25 as against Rs 705 crore in Q2 FY24.
Shish Industries approves sub-division of Equity Shares (30-10-2024)
In the ration of 10:1
TTK Prestige consolidated net profit declines 10.80% in the September 2024 quarter (30-10-2024)
Sales rise 2.82% to Rs 750.06 crore