SUNAINA

Bharat Sanchar Nigam Ltd (BSNL) has launched a new 4G and 5G compatible OTA and USIM platform, enabling subscribers to select mobile numbers and replace SIMs without geographic limits. Inaugurated in Chandigarh with a disaster recovery site in Trichy, this platform supports BSNL’s nationwide 4G and upcoming 5G network expansions, improving service accessibility and flexibility. … Read more

Grasim Industries’ consolidated net profit fell 12% to Rs 2,267 crore for Q1 FY25, down from Rs 2,576 crore last year. Due to strong performance across sectors, revenue grew 9% to Rs 33,860 crore. Higher depreciation and interest costs impacted profit. Shares closed 1.22% higher at Rs 2,575. The profit drop signals increased costs, but … Read more

Zydus Lifesciences posted a 31% rise in consolidated net profit to Rs 1,420 crore for Q1 FY25, up from Rs 1,087 crore last year. Revenue grew 20.9% to Rs 6,207 crore. US formulation sales rose 26%, and India sales increased 15%. The company’s strong performance reflects robust growth across markets.

Godrej Properties secured two land parcels totaling 17.5 acres in Greater Noida for Rs 842 crore. The plots, acquired through an e-auction by Greater Noida Industrial Development Authority, are expected to generate over Rs 5,000 crore in revenue from residential projects. The land has a development potential of 3.75 million square feet. This acquisition could … Read more

In July, equity mutual fund inflows declined by 9% month-on-month to Rs 37,113 crore due to reduced investments in large-cap, small-cap, and mid-cap stocks. Despite this drop, it was the second-highest inflow ever. SIP contributions reached an all-time high of Rs 23,332 crore. The mutual fund industry saw net inflows of Rs 1.9 lakh crore, … Read more

Tata Chemicals plans to raise Rs 1,700 crore by issuing 1,70,000 non-convertible debentures (NCDs) of Rs 1 lakh each through private placement. The NCDs will be listed on the NSE’s debt segment, with allotment set for August 20, 2024, and a maturity period of three years. The funds will support the company’s strategic initiatives.

Info Edge reported a 75.6% rise in consolidated profit to Rs 258.8 crore for Q1 June 2024, up from Rs 147.4 crore a year ago. Revenue increased 8.1% to Rs 677 crore. Growth was led by recruitment solutions, with real estate and matchmaking platforms also performing well. The company also approved a merger of three … Read more

Trent Ltd, a Tata Group retail firm, reported a 2x increase in net profit to Rs 391 crore for Q1 June 2024, up from Rs 166 crore a year ago. Revenue surged 56% to Rs 4,104 crore, while expenses rose 48.5% to Rs 3,704.61 crore. Trent opened 22 new stores and saw strong fashion and … Read more

Mahindra Logistics Ltd has teamed up with AI-driven startup Sangti Solutions to cut carbon emissions in its supply chain. This partnership will establish a fully automated SaaS platform, accredited by GLEC and ISO 14083, for managing carbon emissions. It will track KPIs across sectors including auto, telecom, and e-commerce. The collaboration supports Mahindra’s goal to … Read more

Sebi Executive Director Pramod Rao urged pension funds and insurers to invest more in municipal bonds, noting India’s market is much smaller than the US’s USD 4 trillion municipal bond market. Rao emphasized the need for increased municipal bond use and suggested creating campaigns to boost bond market participation. LIC’s MD R. Doraiswamy expressed interest … Read more