Posts in category Economic Times
TPG Asia to exit RR Kabel, offload stocks worth Rs 1,000 crore in block deal: Report (29-05-2024)
TPG Asia had acquired around 21% stake in RR Kabel five years before the IPO, which was launched in late 2023. Since then, the PE firm has gradually cut its stake in the company.
Yield curve inversion narrows, 10-year yields hit four-week high (29-05-2024)
Yields jumped on Tuesday after consumer confidence unexpectedly improved in May and the Treasury Department saw soft demand for auctions of two-year and five-year notes.
RBI fines HSBC Rs 36 lakh for LRS norm violations (29-05-2024)
The Reserve Bank of India has imposed a monetary penalty of Rs 36.38 lakh crore on HSBC Limited for violating reporting requirements under the Liberalised Remittance Scheme, despite the bank's response to a show cause notice.
US stocks drop as rate worries push bond yields higher (29-05-2024)
The Dow Jones Industrial Average fell 136.6 points, or 0.35%, at the open to 38716.28.
Tata Steel board approves Rs 3,000 crore fundraise via NCD route (29-05-2024)
It plans to raise upto Rs 3,000 crore through non-convertible debentures (NCDs) on a private placement basis.
Tata Steel Q4 Results: Net profit slumps 64% YoY to Rs 611 crore; misses D-St estimates (29-05-2024)
Tata Steel Q4 Results: Revenue from operations for the quarter under review fell 7% YoY to Rs 58,687 crore. The company's board has recommended a dividend of Rs 3.6 per share. It has also approved a proposal to infuse funds up to $2.11 billion (Rs 17,407.50 crore), by way of subscription to equity shares of T Steel Holdings Pte Ltd in one or more tranches during FY25.
Samvardhana Motherson Q4 Results: Net profit jumps 2-fold to Rs 1,444 cr (29-05-2024)
Auto components maker Samvardhana Motherson International Ltd on Wednesday posted a two-fold jump in consolidated net profit to Rs 1,444 crore for the fourth quarter ended March 2024. The company had reported a net profit of Rs 699 crore in the January-March period of the last fiscal.
SJVN Q4 Results: Net profit jumps two-fold to Rs 61 crore (29-05-2024)
State-owned SJVN has reported over two-fold jump in consolidated profit to Rs 61.08 crore during the March quarter, on account of exceptional gains.
Emami Q4 Results: Profit rises 4% to 146.75 crore, revenue up 7% (29-05-2024)
Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62 per cent in its Profit After Tax (PAT) to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024.
Prestige Estates Q4 Results: Profit plunges 70% YoY to Rs 140 crore (29-05-2024)
Prestige Estates Projects Ltd has posted 70 per cent decline in consolidated net profit at Rs 140 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 468.4 crore in the year-ago period.