Paytm’s revenue from operations declined 2.8 percent year-on-year (YoY) to Rs 2,267.1 Crore from Rs 2,464.6 Crore in the same quarter of FY23.According to the company’s regulatory filing, fintech firm One97 Communications Ltd, owner of Paytm, has widened its loss to Rs 550 Crore in Q4FY22. The company had incurred a consolidated loss of Rs…
Brokerage firm Elara Securities has upgraded defense PSU stock Hindustan Aeronautics Limited (HAL) to ‘Buy’ from ‘Accumulate’. The company has upgraded Hindustan Aeronautics Limited (HAL) to ‘Buy’ from ‘Accumulate’. -Its net profit for the fourth quarter results (Q4 FY24) increased year-on-year to ₹4,308.7 crore. The brokerage firm has also raised the target price of the…
The United Nations has revised India’s growth projections for 2024, with the country’s economy now projected to grow about seven percent this year, driven mainly by strong public investment and resilient private consumption.“India’s economy is projected to grow by 6.9% in 2024 and 6.6% in 2025, driven mainly by strong public investment and resilient private…
Endurance Technologies’ share price rose more than 14% in Friday’s session following the company’s strong Q4 results. The company’s consolidated profit after taxes (PAT) for the quarter ended March rose 54% year-on-year to ₹210.2 crore from ₹136.5 crore, according to exchange filings. Endurance Technologies’ consolidated total income grew 20% year-on-year to ₹2,255.2 crore from ₹2,711.3…
Mumbai: Abans Holdings, a diversified financial services company, on Tuesday said it booked a consolidated net profit of Rs 89.2 crore during the financial year 2024 (FY24), compared to Rs 70 crore during the previous financial year, an increase of 27.4%. The company reported 18.6% growth in consolidated total income during FY2024 to Rs 1,380…
Petroleum-based lubricants used in internal combustion engines (ICEs) are being threatened by the growing trend of electric vehicles (EVs), which run on batteries instead of engines. Gulf Oil Lubricants India Limited, part of the Hinduja Group-owned Gulf Oil International, is a leading player in the domestic lubricants market and is valued at around Rs 4,500…
India’s industrial output growth slowed marginally to 4.9% in March 2024 mainly due to poor performance by the mining sector, according to official data released on Friday.Factory output growth, measured in terms of the Index of Industrial Production (IIP), stood at 5.6% in February 2024. However, in March 2023 it was 1.9%.For fiscal year 2023-24,…
On Friday State-owned Bank of Baroda reported: a marginal 2.3% grow in net profit to Rs 4,886 Crore for the Q4 ending March 2024.A year before, the bank had earned a net profit of Rs 4,775 Crore in the January-March quarter. Total income during the quarter under review increased to Rs 33,775 Crore from Rs…
New Delhi: Tata Power on Wednesday reported 11% rise in its consolidated net profit in the March quarter to Rs 1,046 Crore compared to last year mainly due to higher profits. BSE filings showed consolidated profit stood at Rs 939 Crore for the quarter ending March 31, 2023. The company’s total income in the quarter…
Dr Reddy’s Laboratories on Tuesday reported a 36% rise in its consolidated profit after tax to Rs 1,307 Crore for the quarter ending March 2024 due to strong sales in the US market. The Hyderabad-based drug major had reported a profit after tax of Rs 959 Crore in the January-March quarter of financial year 2022-23….
