Shares of engineering, procurement and construction (EPC) firm Transrail Lighting jumped nearly 5 per cent on February 28 after the company announced it had won new orders worth Rs 2,752 crore, primarily from the transmission and distribution (T&D) segment. The company informed about the order wins through an exchange filing after market opened on February…
The Life Insurance Corporation of India (LIC) announced on Thursday that it received a demand notice amounting to Rs 479.88 crore for short payment of Goods and Services Tax (GST) for the financial year 2020-21. The communication, which includes interest and penalty, was issued by the Deputy Commissioner of State Tax, Mumbai, on February 27,…
HDFC Bank, India’s largest private lender by assets, plans to expand its loan securitisation business over the next few years to meet rising investor demand, said CFO Srinivasan Vaidyanathan in an interview late on Thursday. The bank aims to create space for fresh loans without increasing its balance sheet. Loan securitisation involves bundling loans and…
Zepto Café, the 10-minute food delivery service from Zepto, has reached a significant milestone of 100,000 orders per day, announced co-founder and CEO Aadit Palicha. This achievement comes just two weeks after surpassing 75,000 daily orders. In a LinkedIn post, Palicha also projected that the gross merchandise value (GMV) would reach $100 million annually. Launched…
New Delhi: Garden Reach Shipbuilders and Engineers Ltd (GRSE) on Monday reported an 11 percent rise in net profit to Rs 98 crore for the quarter ended December 2024. Revenue from operations for the quarter also grew 38 percent year-on-year to Rs 1,271 crore, the company said in a statement. Earnings before interest, tax, depreciation…
Divi’s Labs on February 3 reported a consolidated net profit of Rs 589 crore in the December quarter of the current fiscal. This represents a jump of nearly 65 percent from the net profit of Rs 358 crore recorded in the same period last fiscal. Divi’s Labs released its results for the December quarter of…
LIC Housing Finance released its Q3 FY25 results on January 31 (Tuesday), reporting strong performance despite a marginal drop in net interest income (NII). The company’s net profit stood at ₹1,432 crore, up 23.1% from ₹1,163 crore in the same period last year. This is higher than the CNBC-TV18 poll estimate of ₹1,294 crore. However,…
KPIT Technologies has reported a 20 percent rise in consolidated net profit to Rs 187 crore in the December quarter. It reported a net profit of Rs 155 crore in the year-ago period, according to a regulatory filing on January 29, 2025. Revenue for the quarter under review stood at Rs 1,478 crore, up 17.6…
JBM Auto has been one of the biggest names in the slow and steady transition of India’s automobile industry from fossil fuel-powered generation to sustainable electric mobility. JBM Auto Q3 ResultsThe company’s shares surged on Thursday, January 30. The shares jumped over 6 per cent during the day’s intraday trade. This sharp rise in share…
Yes Bank shares rose 3.39 percent to hit an all-time high of Rs 18.25 on the BSE. The stock has declined 23 percent in the last one year. Despite Yes Bank Ltd shares surging in Monday’s trade after a rise in third quarter earnings, ICICI Securities has retained its ‘sell’ rating on the stock, and…
