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.
Open FlipKalpataru 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.
Open FlipReported 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.
Open FlipReported 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.
Open FlipIndiGo 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.
Open FlipGautam 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.
Open FlipThe 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.
Open FlipThe 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.
Open FlipThe 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.
Open Flip\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.
Open FlipA money market account (MMA) can be an attractive option for savers who want a safe place to store their funds. Money market accounts offer higher interest rates than traditional savings accounts, with some top accounts currently offering up to 5% APY, making it a attractive option for savers, but rates vary widely, so it's essential to shop around and compare rates before opening an account.
Open FlipA stock-market rally boosted by President-elect Donald Trump’s victory is set to put upward pressure on the Federal Reserve’s preferred inflation gauge, which in turn could keep interest rates elevated. Services inflation has been a relatively stubborn component of the overall PCE index, which is seen rising 0.2% in October from the prior month and 2.3% from a year ago in data due Wednesday.
Open FlipThe Nifty index opened with a gap up and remained above 24,100, but formed a DOJI candle, indicating indecisiveness in the market, with support at 24,200 and 23,950-24,000, and resistance at 24,350 and 24,500-550. The Nifty is likely to remain volatile or consolidate within the 24,000-24,500 range in the near term.
Open FlipDriven by weak Q2 earnings, the Nifty reported a 4% YoY PAT growth in 2QFY25, according to a report by Motilal Oswal, slightly above the expectations of 3%, marking its second consecutive quarter of single-digit PAT growth since the pandemic (June 2020). Corporate earnings showed signs of weakness, with adverse contributions from BPCL, JSW Steel, Coal India, IndusInd Bank, and Reliance Industries.
Open FlipReported Consolidated quarterly numbers for Integra Engineering India are: Net Sales at Rs 41.49 crore in September 2024 up 19.34% from Rs. 34.77 crore in September 2023. Quarterly Net Profit at Rs. 5.31 crore in September 2024 up 53.49% from Rs. 3.46 crore in September 2023. EBITDA stands at Rs. 8.88 crore in September 2024 up 56.61% from Rs. 5.67 crore in September 2023.
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