Sales rise 21.08% to Rs 12815.53 crore
Posts in category Business Standard
L&T Technology Services consolidated net profit rises 1.33% in the September 2024 quarter (16-10-2024)
Sales rise 7.81% to Rs 2572.90 crore
Pondy Oxides & Chemicals standalone net profit rises 112.85% in the September 2024 quarter (16-10-2024)
Sales rise 45.73% to Rs 572.43 crore
CRISIL consolidated net profit rises 12.87% in the September 2024 quarter (16-10-2024)
Sales rise 10.32% to Rs 811.84 crore
Pondy Oxides & Chemicals consolidated net profit rises 168.19% in the September 2024 quarter (16-10-2024)
Sales rise 45.93% to Rs 579.11 crore
Benchmarks close lower for 2nd day, dragged by auto, IT stocks (16-10-2024)
Domestic equity benchmark indices continued their downward trend on Wednesday, closing lower for the second consecutive session. The Nifty 50 index settled below the 25,000 mark, primarily weighed down by losses in the auto and IT shares. However, realty, energy, and financial services stocks advanced.
Sebi decides to make sales proceeds available to FPIs on settlement day (16-10-2024)
To boost operational efficiency and respond to concerns raised by Foreign Portfolio Investors (FPIs), Sebi on Wednesday said it has introduced measures to speed up the availability of sale proceeds for such investors, bringing them on par with domestic institutional investors.
It is broadly estimated that efficiency gains on account of this measure would be around Rs 2,000 crore per annum.
FPIs previously reported delays in their access to sale proceeds beyond the standard ‘T+1’ (trading plus one) settlement date. These delays were primarily due to the erstwhile process adopted for obtaining tax clearance on their net sale proceeds, to ensure compliance with FEMA Regulations.
To address this issue, Sebi engaged in consultations with key stakeholders, including FPIs, clearing corporations, custodians, and tax consultants. This collaborative effort led to significant process improvements, making sale proceeds available to FPIs on settlement day, and bringing them on par with domestic
Bajaj Auto Q2 PAT rises 9% YoY to Rs 2,005 cr (16-10-2024)
The auto major’s standalone net profit increased 9.19% to Rs 2,005.04 crore on 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24.
LTTS records PAT of Rs 320 cr in Q2; declares dividend of Rs 17/share (16-10-2024)
L&T Technology Services (LTTS) consolidated net profit grew 1.91% to Rs 319.60 crore in Q2 FY25 as against Rs 313.60 crore in Q1 FY25.
Hyundai Motor India IPO subscribed 42% (16-10-2024)
The offer received bids for 4.17 crore shares as against 9.97 crore shares on offer.