SUNAINA

The Bombay Stock Exchange (BSE) reported a significant net profit increase of Rs 265 crore for Q1 FY25, up from Rs 75 crore in the same period last year. Revenue surged to Rs 674 crore, compared to Rs 271 crore previously. Average daily turnover in the equity cash segment rose to Rs 9,006 crore from … Read more

Tata Motors remains optimistic about the electric vehicle (EV) market despite recent sales declines. The company, led by MD Shailesh Chandra, plans to sell 100,000 EVs this fiscal year, focusing on the new CURVV.EV mid-sized SUV priced from Rs 17.49 lakh. The Curvv.ev boasts a range of up to 585 km on a single charge. Tata … Read more

The Mines Ministry is set to launch the Critical Mineral Mission, as announced by Mines Secretary V L Kantha Rao. This initiative, proposed in the Union Budget 2024-25, aims to boost domestic production, recycling, and overseas acquisition of critical minerals like lithium, cobalt, and copper. It will focus on technology, workforce development, and financing. The … Read more

As of July 31, 2024, sugar mills have paid Rs 1.06 lakh crore to cane farmers for the 2023-24 marketing year, with Rs 5,188 crore still due. The total cane price for this year is Rs 1,11,136 crore, and Rs 1,05,948 crore has been settled. In Uttar Pradesh, mills have paid Rs 32,470 crore out … Read more

Reliance Industries Ltd is poised for significant growth, having consolidated its balance sheet and prepared for new ventures, according to Chairman Mukesh Ambani. The company, which added telecom, retail, and finance sectors in the past decade, aims to achieve net-zero carbon emissions by 2035. Reliance Jio is expanding its True5G network nationwide, enhancing digital infrastructure. … Read more

Vice President Jagdeep Dhankhar stated on Wednesday that India will become the world’s third-largest economy within 2 years. Speaking at the 10th National Handloom Day, Dhankhar highlighted the role of handlooms in the “Be Vocal for Local” initiative and emphasized economic nationalism’s importance. He noted that India’s economic rise is unstoppable and that the country … Read more

Saraswati Saree Depot Ltd has announced its Initial Public Offering (IPO) with a price band of Rs 152-160 per share. The IPO will raise Rs 160 crore and opens for subscription from August 12 to August 14, with anchor investor bidding starting on August 9. The IPO includes a fresh issue of 65 lakh shares … Read more

Tata Power and Bhutan’s Druk Green Power Corporation (DGPC) have teamed up to develop the 600 MW Khorlochhu Hydropower Project on the Kholongchhu river in Bhutan. The project, costing Rs 6,900 crore, will take 5 years to build. Tata Power will hold a 40% equity stake in the venture through Khorlochhu Hydro Power Ltd. The … Read more

Lupin’s consolidated net profit jumped 77% to Rs 801 crore for Q1 ending June 30, 2024, up from Rs 452 crore a year earlier. Revenue increased to Rs 5,600 crore from Rs 4,814 crore. Growth was driven by new products and improved margins. North America sales reached Rs 2,041 crore, a 28% increase, while India … Read more

Fortis Healthcare’s consolidated profit after tax surged 40% to Rs 174 crore for Q1 ending June 30, 2024, up from Rs 124 crore a year earlier. Revenue rose to Rs 1,859 crore from Rs 1,657 crore. The hospital segment remains strong, contributing 84% to consolidated EBITDA. Fortis is expanding with nearly 700 new beds planned … Read more