Posts in category Economic Times
NARCL board recommends P Santhosh as MD & CEO (28-05-2024)
The board of NARCL recommends P Santhosh as the MD and CEO, succeeding N Sundar. Santhosh, a former Canara Bank CGM, has been the interim CEO since January. Several SBI officials were in the running for the position.
Bharti AXA-SBI Life sale talks collapse, PEs may throw in hat (28-05-2024)
The Indian government is monitoring imports of laptops, tablets, and servers, focusing on 27 companies under the Production linked incentive (PLI) scheme 2.0 for IT hardware. The government is preparing to replace the current import management system with an import authorisation mechanism to make the country a global manufacturing hub.
Grasim promotor Birla Group hikes stake by 4.09% to 23.18% in company (28-05-2024)
There has been no change in the promoter/promoter group's total holding in the company, which remains at 43.06%. Shares of Grasim Industries closed at Rs 2,435.10 on the NSE on Tuesday, rising by Rs 44.45 or 1.86%. A part of the Aditya Birla Group, Grasim reported a 39% increase in its consolidated net profit for the quarter ended March 2024, excluding exceptional items. The net profit rose to Rs 1,908 crore, compared to Rs 1,369 crore in the same quarter last year.
Amara Raja Energy Q4 Results: Net profit jumps 62% YoY to Rs 230 cr (28-05-2024)
Amara Raja Energy & Mobility on Tuesday said its consolidated profit after tax rose 62 per cent to Rs 230 crore for the fourth quarter ended March 2024. The company had reported a profit after tax of Rs 142 crore in the January-March quarter of 2022-23 fiscal.
ABFRL Q4 Results: Net loss widens to Rs 266.35 crore YoY (28-05-2024)
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL).
GIC Re Q4 Results: Net profit rises 3% to Rs 2,642 crore (28-05-2024)
GIC Re on Tuesday posted a 3 per cent increase in net profit to Rs 2,642 crore for the fourth quarter ended March 2024 compared to Rs 2,564 crore in the same quarter a year earlier.
Wockhardt Q4 Results: Company posts consolidated net loss of Rs 177 crore (28-05-2024)
Drug firm Wockhardt on Tuesday reported a consolidated net loss of Rs 177 crore for the fourth quarter ended March 31, 2024. The company had reported a net loss of Rs 237 crore in the January-March quarter of 2022-23.
Ahead of Market: 10 things that will decide stock action on Wednesday (28-05-2024)
After gyrating between gains and losses during the day, the 30-share BSE Sensex ended 0.29% lower at 75,170.45. Nifty formed a bearish candle on the daily scale. The index is trading above its key moving average supports and the RSI on the daily chart is positive.
Market Trading Guide: HDFC Life, Patanjali among 5 stock recommendations for Wednesday (28-05-2024)
The more domestically-focussed mid-caps and small-cap ended about 0.9% lower each, with the latter posting its biggest one-day drop in over two weeks.