SUNAINA

The National Stock Exchange (NSE) reported that its unique registered investor base has surpassed 10 crore as of August 8, 2024. This milestone was achieved with the latest 1 crore addition in just five months. The investor base has more than tripled in the last five years, driven by digitization, financial inclusion, and market performance. … Read more

Life Insurance Corporation of India (LIC) reported a 10% increase in net profit to Rs 10,461 crore for the June 2024 quarter, up from Rs 9,544 crore a year ago. Total income rose to Rs 2,10,910 crore, driven by a rise in first-year premiums to Rs 7,470 crore and renewal premiums to Rs 56,429 crore. … Read more

Madhya Pradesh Chief Minister Mohan Yadav announced that Google Cloud proposed setting up a startup hub and centre of excellence in the state. This follows a two-day visit to Bengaluru where investment proposals worth Rs 3,200 crore were discussed, potentially creating 7,000 jobs. Discussions with HAL and companies like Nvidia, Infosys, and TCS indicate a … Read more

Sobha Ltd’s consolidated net profit fell 50% to Rs 6 crore for the June 2024 quarter, compared to Rs 12 crore a year earlier. Total income also dropped to Rs 669 crore from Rs 939 crore. Despite this, robust housing demand and high average price realizations supported performance. The company plans to launch 18.30 million … Read more

Bayer CropScience Ltd reported a 23% decline in net profit to Rs 254.2 crore for Q1 of this fiscal year, down from Rs 328.5 crore in the same period last year. Total income also decreased to Rs 1,658.7 crore from Rs 1,760.3 crore in the previous year. The company cited reduced income as a key … Read more

State-owned Steel Authority of India Ltd (SAIL) reported a 61.5% drop in consolidated net profit to Rs 81.78 crore for the April-June 2024 quarter, down from Rs 212.48 crore a year earlier. Total income fell to Rs 24,174.80 crore from Rs 24,822.83 crore, while expenses decreased slightly. Crude steel production remained at 4.67 million tonnes, … Read more

GAIL (India) Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) signed a non-binding MoU on August 8, 2024, to explore setting up 1 GW of solar and wind energy projects in Rajasthan. They will also consider transferring RRVUNL’s gas-based plants in Dholpur and Ramgarh to a joint venture. The partnership aims to optimize operations … Read more

The Securities and Exchange Board of India (Sebi) has updated norms for Alternative Investment Funds (AIFs). Large Value Funds (LVFs) for accredited investors can now extend their tenure by up to five years, with approval from two-thirds of unit holders. Additionally, Category I and II AIFs can borrow up to 10% of investable funds for … Read more

Nazara Technologies has acquired UK-based Fusebox Games for Rs 228 crore in an all-cash deal. Fusebox, known for its interactive story game “Love Island,” reported a revenue of Rs 116.6 crore with an EBITDA of Rs 33.3 crore in 2024. The acquisition aims to boost Nazara’s global gaming presence and leverage Fusebox’s IP-based gaming expertise. … Read more

IT companies are set to ramp up hiring with a projected 8.5% increase in job roles by next year, following a recent slowdown. The demand for skilled IT talent is rising due to advancements in AI, machine learning, and blockchain. Nearly 70% of current tech jobs on Indeed are for software roles, driven by tech … Read more