Sebi on Tuesday slapped fines totalling Rs 12 lakh on seven entities, including LCC Infotech and its promoters — Kirti Lakhotia, Sidharth and Pratik Lakhotia — for misrepresenting the financial statements of the company.
Posts in category Economic Times
Gold prices may face near-term retracement due to stronger dollar, yields (12-11-2024)
Stronger bond yields, a rising US dollar, and risk-on sentiment in equities may lead to a short-term retracement in gold prices, according to the World Gold Council. November saw gold pressured by higher opportunity costs, US dollar strength, and gold ETF outflows.
Zydus Lifesciences Q2 Results: Net profit jumps 14% YoY to Rs 911 crore (12-11-2024)
Zydus Lifesciences reported a 14% YoY net profit rise to Rs 911 crore for Q2FY25, driven by strong sales in India and the US. Revenue grew 20% YoY to Rs 5,237 crore. However, QoQ profit and revenue declined. EBITDA rose 27.5% YoY.
Nexus Select Trust Q2 Results: Net operating income up 5% YoY to Rs 371 crore (12-11-2024)
Nexus Select Trust reported a 5% YoY growth in retail net operating income to Rs 371.3 crore for Q2 FY25. Tenant sales reached Rs 3,000 crore, and a Rs 304.1 crore distribution was declared. The REIT also announced acquiring Vega City mall for Rs 877 crore.
Vodafone UK reports 28% rise in H1 FY25 operating profit, driven by Indus Towers stake sale (12-11-2024)
Vodafone Group’s operating profit for H1 FY25 rose 28%, largely due to a €0.7 billion gain from selling an 18% stake in Indus Towers. The proceeds were used to repay loans secured against Indian assets, including Vodafone Idea.
Hyundai Motor India Q2 Results: PAT declines 16% to Rs 1,375 crore amid sluggish demand (12-11-2024)
Hyundai Motor India reported a 16% decline in Q2 FY25 net profit to Rs 1,375.47 crore, amid sluggish domestic demand and global geopolitical challenges. Revenue fell 7.5% to Rs 17,260 crore. The company sold 1,91,939 vehicles, with domestic sales dropping 5.8%, but strong SUV demand.
LIC pares 2.02% stake in Tata Power for Rs 2,888 crore (12-11-2024)
Life Insurance Corporation (LIC) on Tuesday said it has sold more than 2.02 per cent stake in Tata Power Company for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent.
Top 5 stocks with decreasing promoter pledge ratios (12-11-2024)
In the Nifty500, the top 5 stocks with decreased promoter pledges in Q3 2024 signal reduced borrowing reliance, boosting investor confidence in the company’s financial health.
CESC Q2 Results: Net profit rises 3% YoY to Rs 373 crore on higher income (12-11-2024)
Power utility firm CESC Ltd on Tuesday reported a nearly 3 per cent rise in consolidated net profit to Rs 373 crore in the September 2024 quarter, aided by higher income. It posted a profit of Rs 363 crore during the three months ended September 2023, the company said in a regulatory filing.
BSE Q2 Results: Profit skyrockets 193% YoY to Rs 346 crore, revenue up 138% (12-11-2024)
BSE Q2 Results: Leading exchange BSE Ltd on Tuesday reported 193% growth in its consolidated net profit at Rs 346 crore for the second quarter, compared with Rs 118 crore in the last year quarter.