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Rafael Advanced Defense Systems Ltd—also known as Rafael—and Centum Electronics on Tuesday announced the signing of a teaming agreement (TA) to collaborate on advancing the fields of spectrum dominance, spectrum situational awareness, and AI-based Intelligence suite or decision support systems for the I...
Bharat Dynamics Ltd (BDL) and Rafael Advanced Defense Systems Ltd (Rafael) on Tuesday announced the signing of a memorandum of understanding (MoU) to establish the Indian production of the Ice Breaker, a 5th-generation long-range autonomous precision-guided weapon system. As part of the deal, Rafael and...
Hospitality major EIH Ltd on Tuesday reported a 21.26 per cent rise in consolidated net profit to Rs 278.83 crore in the third quarter ended December 31, 2024, on the back of strong revenue growth. The company, which owns and operates hotels and resorts under the Oberoi and Trident brands, had posted a...
Around 40 per cent of rural youth struggle to secure employment mainly due to lack of skills and language proficiency, stated a report by business process management company Vertex Global Services. One of the most significant barriers identified in a survey is the language proficiency gap, which particu...
Berger Paints India Ltd on Tuesday reported a 1.4 per cent decline in consolidated net profit to Rs 295.97 crore in the December 2024 quarter, impacted by price cuts, muted urban demand and a slowdown in a few key markets. The company had posted a consolidated net profit of Rs 300.16 crore in the third...
The Enforcement Directorate (ED), Hyderabad Zonal Office, has successfully restored properties worth Rs 79.20 crore to the State Bank of India in connection with a money laundering case against Musaddilal Jewellers and others. Based on ED’s initiative, the State Bank of India (SBI) filed restituti...
State-owned NBCC Ltd on Tuesday reported a 25 per cent increase in its consolidated net profit to Rs 138.47 crore in the December 2024 quarter on higher income. Its net profit stood at Rs 110.74 crore in the year-ago period. Total income rose to Rs 2,882.16 crore in the third quarter of this fiscal .....
Indian Railways Catering and Tourism Corporation (IRCTC), the catering and ticketing arm of Indian Railways on Tuesday reported its December quarter earnings. For the review quarter, the company’s standalone net profit came in at Rs 341 crore, a nearly 14 per cent rise in comparison to Rs 299.9 cr...
Paytm Gross Merchandise Value (GMV) increased by 12.8 per cent quarter-on-quarter (QoQ), reaching Rs 5.04 trillion in Q3 FY25. According to a UBS report, this growth helped Paytm gain a 19.2 per cent market share, marking an increase of 70 basis points (bps) over the previous quarter. This progress foll...
Eicher Motors Q3 FY25 Results: Royal Enfield parent Eicher Motors on Monday staged a record quarterly performance on the back of unprecedented sales across businesses. However, its top-as well as bottom-lines almost met analysts’ expectations. The company registered record quarterly sales volumes...
State-owned Oil and Natural Gas Corporation on Monday said that it had signed a pact with global oil major BP to explore collaboration in exploration and production, trading and other energy vectors, in India and internationally. The MoU comes within a month of ONGC selecting BP as a technical service p...
Suraksha Group-controlled Jaypee Infratech Ltd has got re-validation of RERA registration for seven stalled real estate projects, comprising more than 10,000 units, in Delhi-NCR. This will enable the company to expedite construction work and give possession of properties to aggrieved homebuyers. In June...
Gillette India, the FMCG subsidiary of Procter & Gamble, has announced its fourth dividend for FY25, marking its biggest payout in the last eight years. The company’s board has approved an interim dividend of 650 per cent, translating to Rs 65 per share on a face value of Rs 10. This is Gillette Ind...
Glenmark Pharmaceuticals and Ireland-based Cosmo Pharmaceuticals NV have received approval from the Medicines and Healthcare products Regulatory Agency (MHRA) to market a product for the treatment of acne vulgaris in the United Kingdom. In a joint statement, the companies said they have received approva...
Kolkata-based Western Carriers (India) Ltd (WCIL), a multi-modal logistics firm, on Saturday said it has clinched a Rs 1,089 crore contract from mining giant Vedanta Limited. One of the largest contracts in the sector, the four-year agreement, spanning until 2028, involves transporting aluminium product...
The government on Saturday signed a Rs 624-crore contract with Bharat Electronics Limited for procurement of 28 key systems for 11 new-generation offshore patrol vessels and three cadet training ships for the Indian Navy, the defence ministry said. This is in line with the ‘Aatmanirbhar Bharat...
State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Saturday said that it has secured an order worth Rs 8,000 crore from Maharashtra State Power Generation Company Limited (Mahagenco). The order is for a 2×660 (1320) MW BTG (boiler turbine generator) package of Koradi Thermal Power...
Godrej Properties Ltd has reduced its net debt by 49 per cent to Rs 3,848 crore during the latest quarter ended December on the back of strong internal cash flow and equity fund raising. Its net debt stood at Rs 7,572 crore as on September 30, 2024, according to the company’s latest investors pres...
State-owned Oil India Ltd (OIL) reported a 23 per cent drop in its third-quarter net profit as the price of crude oil produced and sold fell. Net profit was Rs 1,221.80 crore in October-December 2024 – the third quarter of April 2024 to March 2025 fiscal (FY25) – compared with Rs 1,584.28 cr...
State-owned hydro power giant NHPC on Friday reported a 47 per cent decline in consolidated net profit to Rs 330.13 crore in the December quarter primarily due to higher expenses. The company had posted a profit of Rs 623.28 crore in the year-ago period, a BSE filing showed. Total expenses rose to Rs 2,...
Its total income from operations in the December 2024 quarter declined to Rs 1,350.13 crore against Rs 1,363.02 crore in the year-ago period. Under the Ministry of Ports, Shipping and Waterways, SCI is the largest shipping company in India. Image | Pixabay/Representational Doonited Affiliated: Syndicate...
Life Insurance Corporation of India (LIC) reported a 16.3 per cent year-on-year (YoY) increase in its consolidated net profit, reaching Rs 11,009 crore for Q3FY25, up from Rs 9,469 crore in the year-ago quarter. However, net premium income declined 8.6 YoY to Rs 1.07 lakh crore, compared to Rs 1.17 lakh...
Ola Electric Mobility reported a consolidated net loss of Rs 564 crore for Q3FY25, marking a significant widening from Rs 376 crore in the same period last year. Revenue from operations declined 19.3 per cent year-on-year (YoY) to Rs 1,045 crore from Rs 1,296 crore in Q3FY24, reflecting intense competit...
Mahindra & Mahindra (M&M) reported a 19 per cent increase in net profit for Q3FY25, reaching Rs 2,964 crore, compared to Rs 2,490 crore in the same period last year. The strong profit growth was driven by higher sales volumes, improved product mix, and operational efficiencies. The company’s rev...
JSW Energy on Friday said its arm, JSW Neo Energy, has inked a power purchase agreement with AEI New Energy Trading Private Ltd (Amazon) for 180 MW wind power. Following this agreement, the company’s locked-in RE Commercial and Industrial (C&I) capacity stands at 4.0 GW, a statement said. This...
The Ramco Cements Ltd on Thursday reported over two-fold jump in consolidated net profit to Rs 181.58 crore for the December quarter, helped by gains from sale of land. The company had posted a net profit of Rs 81.57 crore during the October-December quarter of the previous fiscal year, The Ramco Cement...
Sobha Q3 Results: Realty firm Sobha Ltd on Thursday reported a 44 per cent increase in its consolidated net profit to Rs 21.68 crore for the quarter ended December 31, 2024. Its net profit stood at Rs 15.08 crore in the year-ago period. Total income increased to Rs 1,256.87 crore in the third quarter of...
Britannia Q3 Results: Leading biscuits maker Britannia Industries Ltd on Thursday reported a 4.8 per cent rise in consolidated net profit to Rs 582.3 crore for the third quarter ended December 2024, helped by volume gains and price hikes. The company had posted a net profit of Rs 555.66 crore in the Oct...
South Korean multinational Lotte will expand its products beyond ice cream and choco pie as it plans to enter the snack segment riding on the popularity of K-food and K-pop in India, said a top company official on Thursday. Lotte, which opened an ice cream manufacturing facility in Pune for its Havmor b...
Hero MotoCorp on Thursday said its consolidated profit after tax increased 2 per cent to Rs 1,108 crore in the December quarter, aided by higher sales. The two-wheeler major reported a profit after tax (PAT) of Rs 1,091 crore in the October-December quarter of last fiscal. Revenue from operations rose t...
Markets regulator Sebi on Thursday slapped penalties totalling Rs 34 crore on Brightcom Group Ltd, its promoters, and others, for misrepresenting the financial statements of the company. The regulator imposed a fine of Rs 15 crore each on M Suresh Kumar Reddy and Vijay Kancharla — promoters of Bri...
Leading stock exchange BSE on Thursday reported its net profit doubling to Rs 220 crore for three months ended December 2024. It posted a net profit of Rs 108.2 crore in the same quarter preceding fiscal, BSE said in a statement. The exchange recorded its highest-ever quarterly revenue of Rs 835.4 crore...
Apollo Tyres Ltd on Thursday reported a 32 per cent decline in consolidated net profit to Rs 337 crore in the December quarter with high raw material cost impacting margins. The company had posted a consolidated net profit of Rs 497 crore in the same period of the last fiscal year, Apollo Tyres said in...
State-owned NMDC on Thursday reported a 29 per cent rise in consolidated net profit to Rs 1,896.66 crore in the October-December quarter of 2024-25, mainly driven by higher income. It had reported a profit of Rs 1,492.73 crore in the October-December period of 2023-24. Total income rose by 21 per cent t...
BluPine Energy on Thursday said it has signed a power purchase agreement with Amazon for a 99 MW renewable energy solution. As part of the Power Purchase Agreement (PPA) with Amazon, BluPine Energy said it will develop and operate the wind energy project in India. The project will generate approximately...
Bharti Airtel on Thursday reported a consolidated net profit of Rs 14,781.2 crore for the quarter ended December 31, much better than analysts’ expectations. The private sector telecom service provider’s net profit market a more than four-time increase over the previous quarter. Its reven...
Bombay Stock Exchange (BSE) is set to announce its Q3FY25 results today, with analysts expecting a blockbuster quarter driven by a surge in transaction income, record premium turnover, and cost efficiencies. According to Zee Business estimates, the exchange is likely to post a 104 per cent YoY jump in r...
Data Patterns (India) Ltd has reported a profit after tax of Rs 44.66 crore for the October-December 2024 quarter, the company said. The city-based company, engaged in defence and aerospace electronics solutions, had registered a profit after tax of Rs 50.97 crore in the corresponding quarter of last...
Life Insurance Corporation of India (LIC) on Wednesday said it has received a demand notice of about Rs 105.42 crore for short payment of Goods and Services Tax (GST) for seven financial years. The company has received a communication/demand order for interest and penalty for several states on February...
ITC Q3 FY25 Results Preview: Kolkata-headquartered cigarette-to-hotel conglomerate ITC is all set to report its quarterly numbers on Thursday, February 6. Analysts expect the company, whose popular cigarette brands include Classic and Gold Flake, to stage an operationally stable performance for the thir...
Patanjali Group, led by yoga guru Ramdev, has partnered with Bengaluru-based treasury management solution provider IBSFINtech. The Group said that the successful deployment of an integrated treasury management solution is a transformative leap in its digital evolution, with the real-time analytics and a...
PC Jeweller Q3 Results: PC Jeweller Ltd has reported a consolidated net profit of Rs 147.96 crore for the latest December quarter. The company had posted a net loss of Rs 197.98 crore for the year-ago period. Total income jumped multi-fold to Rs 683.44 crore in the third quarter of this fiscal from Rs 4...
Sugar company Triveni Engineering and Industries has reported a 69 per cent fall in its consolidated net profit to Rs 42.57 crore in the December quarter on higher expenses. The company had logged a net profit of Rs 137.40 crore in the year-ago period. Total income rose 3 per cent to Rs 1,600 crore duri...
Welspun Corp Ltd on Wednesday reported an over two-fold rise in its consolidated net profit to Rs 672.19 crore in December quarter, aided by lower expenses. It had reported a net profit of Rs 293.70 crore for the October-December period of preceding 2023-24 fiscal, the company said in an exchange filing...
Info Edge – the parent entity of Naukri – on Wednesday reported a 61 per cent year-on-year rise in consolidated net profit at about Rs 242.6 crore for quarter ended December 2024, and the board also approved split of shares in the ratio of 1:5. The share split is aimed at enhancing the liqui...
E-commerce shipping platform RapidShyp on Monday announced a strategic partnership with India Post for last-mile delivery services across India. This collaboration aims to support Direct-to-Consumer (D2C) businesses and address the growing demand in the logistics sector. Through the collaboration, Rapid...
India’s deal-making landscape witnessed a landmark year in 2024, with a record 2,186 deals valued at $116 billion, marking a 33 per cent increase in volumes and 76 per cent surge in values (year-over-year), a report showed on Tuesday. Driven by India’s status as the fastest-growing G20 econo...
The cargo volumes in India are expected to grow 6-8 per cent in the current fiscal year on the back of healthy growth in the container and coal segments, amid increased government capital outlay across roads, ports, and airport infrastructure, a report said on Wednesday. Credit agency ICRA forecasts inc...
India’s economy is expected to touch USD 10 trillion by the end of this decade – 2030 – and towards USD 15 trillion in ten years from now by 2034, Union Commerce Minister Piyush Goyal said on Thursday and laid thrust on improving the quality of life of citizens. At present, the size of...
The country’s real GDP growth for the December quarter is all set to come at a higher-than-anticipated 7 per cent, a German brokerage said on Monday. “We are forecasting October-December 2023 real GDP to have grown 7.0 per cent year-on-year during the quarter, which is higher than what we ha...
