Kalyan Jewellers shares fell 7.63 per cent in early trade on January 21. This happened amid false speculations on social media that fund managers of Motilal Oswal AMC were involved in alleged malpractices against Kalyan Jewellers shares and were bribed to invest. Notably, the AMC and the jewellery company have issued clarifications and denied the…
Indian Overseas Bank (IOB) on Monday reported a 21% rise in its net profit for the third quarter to ₹874 crore on the back of strong growth in interest income. Total income rose 13% to ₹8,409 crore, while interest income grew 15% to ₹7,112 crore. Total business grew 10% to ₹5.43 lakh crore during the…
Karur Vysya Bank Q3 Results: Karur Vysya Bank share price rose 4.9 per cent to hit an intraday high of Rs 228.9 per share on the National Stock Exchange (NSE) on Monday, January 20, 2025. This surge in the bank’s share price came after it reported a healthy set of financial results for the December…
However, the company’s revenue grew a mere 1.4% year-on-year to Rs 13,286 crore. Its EBITDA grew 57.8% year-on-year to Rs 1,809 crore. The total headcount at the end of the quarter stood at 150,488, down 3,785 quarter-on-quarter and up 4,238 year-on-year. Tech Mahindra on Friday reported that its consolidated net profit grew 92.6% to Rs…
Skoda did not launch any new car in 2024 except for the Kyloq, which is available for sale this yearSkoda Auto India has seen a 26.3% drop in sales in the calendar year 2024. The company announced that it sold 36,000 vehicles from January to December 2024, as against 48,800 units sold in the same…
Bank of Maharashtra on January 15 reported a 36% year-on-year rise in its consolidated net profit to Rs 1,406.73 crore in the third quarter of FY25. On a yearly basis, the bank’s total income grew 22% to Rs 7,112.66 crore. Following the announcement, Bank of Maharashtra shares closed 3% lower at Rs 51.14 per share…
Wipro Limited is scheduled to announce its Q3 FY25 earnings on January 17, with analysts estimating a quarterly decline in revenue as well as net profit. Seasonal weakness in its consulting business, higher furloughs and cross currency constraints in Q3 are likely to weigh on Wipro’s earnings growth in constant currency (CC) terms. A Moneycontrol…
Hyundai Motor and its subsidiary Kia said on Tuesday that their combined exports of eco-friendly vehicles to 2024 rose 3 percent from a year earlier despite the economic slowdown. Hyundai and Kia shipped a total of 707,853 eco-friendly cars last year, up from 687,420 units a year earlier, Hyundai Motor Group said in a press…
According to a report by the State Bank of India (SBI), a 1% increase in India’s literacy rate leads to a 25% increase in female voter turnout. The SBI report emphasises the key relationship between literacy and female voter turnout during elections in the country, ANI reported. This means that an increase of 45 lakh…
11th November 2024: Life Insurance Council has released updated industry business figures for the month of December 2024. Indian Life Insurance Companies recorded record new business figures in December 2024; Premium Collection grew by 9.91%. According to data released by Life Insurance Council, the life insurance industry witnessed a growth of 13.52% on a year-on-year…
