Posts in category Business Standard
Nifty blazes new trail, fueled by RBI’s dividend cannon (23-05-2024)
The domestic equity benchmarks rocketed higher today, with the Nifty50 breaching a fresh record and settling above 22,950. Banking and financial stocks led the charge, fueled by the RBI's surprise Rs 2.11 lakh crore dividend payout to the government. This windfall gives the government more elbow room, translating to potentially lower borrowing and interest rates for banks. That's a sweet melody for lenders, boosting their treasury income and paving the way for the government to ramp up infra spending.
Honasa Consumer reports consolidated net profit of Rs 30.48 crore in the March 2024 quarter (23-05-2024)
Sales rise 21.46% to Rs 471.09 crore
G G Automotive Gears standalone net profit rises 117.54% in the March 2024 quarter (23-05-2024)
Sales rise 30.53% to Rs 29.37 crore
IMP Powers reports consolidated net loss of Rs 8.57 crore in the March 2024 quarter (23-05-2024)
Reported sales nil
GACM Technologies consolidated net profit rises 26.92% in the March 2024 quarter (23-05-2024)
Sales decline 39.06% to Rs 2.20 crore
Mercantile Ventures reports consolidated net loss of Rs 1.34 crore in the March 2024 quarter (23-05-2024)
Sales rise 17.84% to Rs 15.39 crore
Coral Laboratories reports standalone net profit of Rs 5.79 crore in the March 2024 quarter (23-05-2024)
Sales rise 152.53% to Rs 28.89 crore
JMJ Fintech standalone net profit rises 187.50% in the March 2024 quarter (23-05-2024)
Sales rise 300.00% to Rs 3.08 crore
UPL to form JV with Aarti Industries for supplying specialty chemicals (23-05-2024)
UPL said that the company has entered into a 50%-50% joint venture (JV) partnership with Aarti Industries (AIL) for manufacturing and marketing of specialty chemicals that find application in multiple downstream industries.