Posts in category Business Standard
RVNL jumps after PAT climbs 33% to Rs 478 cr in Q4 FY24 (21-05-2024)
Rail Vikas Nigam (RVNL) rallied 6.86% to Rs 320.20 after the company reported 33.16% increase in consolidated net profit to Rs 478.40 crore in Q4 FY24 as compared with Rs 359.25 crore in Q4 FY23.
Government of India announces the sale of three dated securities for a notified amount of Rs 29,000 crore (21-05-2024)
The Government of India (GoI) has announced the sale (re-issue) of (i) New GS 2027 for a notified amount of Rs 6,000 crore (ii) 7.23% GS 2039 for a notified amount of Rs 12,000 crore and (iii) 7.46% GS 2073 for a notified amount of Rs 11,000 crore . The auction will be conducted using multiple price method for New GS 2027, 7.23% GS 2039 and 7.46% GS 2073. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 24, 2024 (Friday). GoI will have the option to retain additional subscription up to ₹2,000 crore against each security.
BEL hits life high as PAT jumps 30% YoY to Rs 1,797 cr in Q4 FY24 (21-05-2024)
Bharat Electronics (BEL) advanced 7.75% to Rs 278.90 after the company reported 30.04% growth in consolidated net profit to Rs 1,797.11 crore in Q4 FY24 as against Rs 1,382.02 crore in Q4 FY23.
JSW Steel Q4 PAT drops 65% YoY to Rs 1,332 cr; declares dividend of Rs 7.30/ share (21-05-2024)
JSW Steel reported 64.66% decline in consolidated net profit to Rs 1,332 crore in Q4 FY24 as compared with Rs 3,741 crore in Q4 FY23.
Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco (21-05-2024)
On March 5, 2024, KPIL had said the company selected for engineering, procurement and construction (EPC) contracts by Aramco for MGS-3 project.
Nuvama Group appoints Bharat Kalsi as the Group CFO (21-05-2024)
With over 24 years of extensive experience spanning finance, tax, investments, M&A, investor relations, corporate strategy and regulatory affairs, Bharat Kalsi brings a wealth of expertise to his new role. He has worked with distinguished groups such as HCL, HSBC, Max, Tata, and the Bajaj group. In his most recent assignment, he served as the CFO and head of Product & CS functions at Bajaj Allianz Life Insurance. Bharat
holds an MBA in finance, complemented by additional qualifications of CFA and CPA.
IRFC gains as Q4 PAT jumps 34% YoY; board OKs fund raising upto Rs 50,000 cr (21-05-2024)
Indian Railway Finance Corporation (IRFC) rallied 3.64% to Rs 179.50 after the company's net profit jumped 33.62% to Rs ,1717.32 crore in Q4 FY24 as against Rs 1,285.24 crore posted in Q4 FY23.
Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks (21-05-2024)
The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said
Coforge collaborates with Microsoft to establish Copilot Innovation Hub (21-05-2024)
As part of the Copilot Innovation Hub, Coforge announced the availability of two new copilots: Underwriter Copilot for insurance carriers and Advisor Copilot for financial services organizations. The Underwriter
Copilot for Insurance is an innovative solution designed to empower insurance underwriters with informed decision-making capabilities and enhanced control, offering a pathway to better ROI and a seamless
approach to navigating the complexities of underwriting. The solution focuses on improving combined ratios for carriers by two to three percent, unlocking new revenue opportunities. By using Underwriter Copilot, insurance carriers can increase their underwriter productivity and efficiency by 30-35 percent.
Oil India Q4 PAT rises 13% YoY; board OKs 1:2 bonus issue (21-05-2024)
The petroleum business company reported 13.45% increase in standalone net profit to Rs 2,028.83 crore on 2.46% rise in revenue from operations to Rs 5,527.3 crore in Q4 FY24 over Q4 FY23.