PBM Polytex Consolidated September 2024 Net Sales at Rs 42.57 crore
Mon, Nov 25, 2024 5:22 PM

PBM Polytex Consolidated September 2024 Net Sales at Rs 42.57 crore

Reported Consolidated quarterly numbers for PBM Polytex are: Net Sales at Rs 42.57 crore in September 2024 down 16.06% from Rs. 50.72 crore in September 2023. Quarterly Net Loss at Rs. 1.62 crore in September 2024 up 46.18% from Rs. 3.00 crore in September 2023. EBITDA stands negative at Rs. 1.14 crore in September 2024 up 60.96% from Rs. 2.92 crore in September 2023.

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HP Cotton Consolidated September 2024 Net Sales at Rs 33.74 crore
Mon, Nov 25, 2024 5:21 PM

HP Cotton Consolidated September 2024 Net Sales at Rs 33.74 crore

Reported Consolidated quarterly numbers for HP Cotton Textiles are: Net Sales at Rs 33.74 crore in September 2024 up 50.02% from Rs. 22.49 crore in September 2023. Quarterly Net Profit at Rs. 0.83 crore in September 2024 down 84.46% from Rs. 5.34 crore in September 2023. EBITDA stands at Rs. 4.30 crore in September 2024 up 26.47% from Rs. 3.40 crore in September 2023.

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Trump's big tax-cut plans could be slowed by a wary bond market
Mon, Nov 25, 2024 5:20 PM

Trump's big tax-cut plans could be slowed by a wary bond market

Republicans' plans to slash taxes and reorder global trade may be hindered by a $28 trillion Treasury debt market flashing warning signs, as interest on public debt tops $1 trillion and yields on 10-year US Treasury notes rise to 4.4%, driving higher interest rates and counteracting Federal Reserve rate cuts.

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President of Ghana commissions $447-mn railway line built by Afcons Infra
Mon, Nov 25, 2024 5:19 PM

President of Ghana commissions $447-mn railway line built by Afcons Infra

Afcons Infrastructure Ltd said on November 25 that the President of Ghana, Nana Addo Dankwa Akufo-Addo, commissioned the first ever Tema-Mpakadan Standard Guage Railway Line, executed by the company, last week. The project cost is approximately $447 million.“We are proud to have executed the largest railway project in Ghana.

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Edible oil body SEA urges govt to lift ban on commodity futures trading
Mon, Nov 25, 2024 5:19 PM

Edible oil body SEA urges govt to lift ban on commodity futures trading

Edible oil industry SEA on Monday called on the government to lift a ban on futures trading in key agricultural commodities, including crude palm oil and soyabean, citing significant financial impact on its members. The ban, first implemented in December 2021 on seven agricultural commodities, has been extended multiple times with the current extension running through December 20, 2024.

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RSWM Consolidated September 2024 Net Sales at Rs 1,166.08 crore
Mon, Nov 25, 2024 5:19 PM

RSWM Consolidated September 2024 Net Sales at Rs 1,166.08 crore

Reported Consolidated quarterly numbers for RSWM are: Net Sales at Rs 1,166.08 crore in September 2024 up 15.75% from Rs. 1,007.40 crore in September 2023. Quarterly Net Loss at Rs. 17.53 crore in September 2024 down 90.96% from Rs. 9.18 crore in September 2023. EBITDA stands at Rs. 47.63 crore in September 2024 up 53.74% from Rs. 30.98 crore in September 2023.

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Sebi approves IPO papers of Kalpataru, Unimech Aerospace
Mon, Nov 25, 2024 5:18 PM

Sebi approves IPO papers of Kalpataru, Unimech Aerospace

Kalpataru and Unimech Aerospace received Sebi approval for their IPO plans, enabling them to launch their initial share sales within a year. Kalpataru plans to raise Rs 1,590 crore for debt repayment and corporate purposes, while Unimech Aerospace aims to raise Rs 500 crore for machineries, working capital, and debt repayment.

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Raideep Industries Consolidated September 2024 Net Sales at Rs 0.19 crore
Mon, Nov 25, 2024 5:17 PM

Raideep Industries Consolidated September 2024 Net Sales at Rs 0.19 crore

Reported Consolidated quarterly numbers for Raideep Industries are: Net Sales at Rs 0.19 crore in September 2024 down 24.67% from Rs. 0.25 crore in September 2023. Quarterly Net Profit at Rs. 0.25 crore in September 2024 down 36.44% from Rs. 0.39 crore in September 2023. EBITDA stands at Rs. 0.04 crore in September 2024 down 33.33% from Rs. 0.06 crore in September 2023.

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Vipul Organics Consolidated September 2024 Net Sales at Rs 39.24 crore
Mon, Nov 25, 2024 5:16 PM

Vipul Organics Consolidated September 2024 Net Sales at Rs 39.24 crore

Reported Consolidated quarterly numbers for Vipul Organics are: Net Sales at Rs 39.24 crore in September 2024 up 7.42% from Rs. 36.53 crore in September 2023. Quarterly Net Profit at Rs. 1.06 crore in September 2024 up 6.53% from Rs. 1.00 crore in September 2023. EBITDA stands at Rs. 3.85 crore in September 2024 up 30.07% from Rs. 2.96 crore in September 2023.

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IndiGo, Japan Airlines commence codeshare pact
Mon, Nov 25, 2024 5:14 PM

IndiGo, Japan Airlines commence codeshare pact

IndiGo and Japan Airlines have introduced new connectivity options for travellers between India and Japan as they launch their codeshare partnership, starting December 16, with reservation and sale of tickets available from December 4.Both airlines had in June entered into a codeshare arrangement which would help the Japanese carrier expand services to destinations of IndiGo's network.

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Adani Group says companies have sufficient liquidity
Mon, Nov 25, 2024 5:12 PM

Adani Group says companies have sufficient liquidity

Gautam Adani-led conglomerate assured its investors that the cash reserves and profits are enough to service the debt obligations of the Group, reported PTI. With a cash reserve of ₹53,024 crore, they said it would be sufficient to cover the next 28 months of debt servicing needs. In the past, the group had announced plans to invest more than ₹8 lakh crore (USD 100 bn) across portfolio companies.

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Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition
Mon, Nov 25, 2024 5:10 PM

Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition

The crypto-friendly digital bank Singapore Gulf Bank is reportedly looking for a fund injection of at least $50 million as it plans to acquire a stablecoin payments company in 2025. On Nov. 25, Bloomberg reported that Singapore Gulf Bank was willing to sell 10% of its equity by early 2025 to raise funds for an acquisition, citing anonymous people with direct knowledge of the matter.

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Property Share Investment Trust's Rs 353-crore IPO to open on December 2
Mon, Nov 25, 2024 5:07 PM

Property Share Investment Trust's Rs 353-crore IPO to open on December 2

The initial share sale of Property Share Investment Trust is set to hit Dalal Street on December 2, with a price band of Rs 10 lakh to Rs 10.5 lakh per unit. It targets to raise Rs 353 crore at the upper price band. It is India’s first registered small and medium real estate investment trust, having commercial office spaces in Bangalore.

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C2C Adavanced listing to be postponed
Mon, Nov 25, 2024 5:06 PM

C2C Adavanced listing to be postponed

The listing of C2C Advanced Systems will be postponed until the company appoints an independent auditor and the auditor submits the report to NSE or SEBI, said people in the know. The regulator has asked the company to appoint independent auditors plus get an independent report of financial accounts as per the notice.  C2C Adavnced Systems was set to get listed on November 29.

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Dow futures hit all-time high as markets laud Trump's Treasury pick
Mon, Nov 25, 2024 5:04 PM

Dow futures hit all-time high as markets laud Trump's Treasury pick

\Dow contracts touched a record high on Monday, leading gains among U.S. stock index futures, fueled by investor optimism over Scott Bessent's nomination as Treasury Secretary. Donald Trump ended weeks of speculation when he named his choice late on Friday, with some investment strategists saying Bessent could take measures to restrain further government borrowing.

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