State-owned Indian Renewable Energy Dev Agency Ltd (IREDA) on Monday offered to support Bhutan with finance assistance for renewable energy projects in the neighbouring country. IREDA can finance large hydro power projects to support Bhutan's clean energy goals, the company's CMD P K Das said at a discussion on 'Access to Financing for Renewable Energy Projects'.
Open FlipBharti Airtel has announced the appointment of Gopal Vittal as vice chairman and Shashwat Sharma as the future CEO. What Happened: Bharti Airtel in a press release said that Sharma who is currently the chief operation officer, is set to become the CEO of Bharti Airtel on January 1, 2026. Vittal, who has been MD & CEO for the last twelve years will be appointed as vice-chairman of Airtel.
Open FlipStrides Pharma reported Q2 FY25 net profit of ₹93 Crore, marking a recovery from a ₹131 Crore loss in the same quarter last year. Revenue for Q2 FY25 reached ₹1,201 Crore, reflecting a 20.2% growth over ₹999.4 Crore in Q2 FY24. EBITDA rose significantly to ₹235.7 Crore, a 54% increase from ₹153 Crore in the corresponding period of the previous year.
Open FlipThe Indian stock market has seen an accelerated week-on-week decline this month. The bearish trend, which began in the last week of September, has been ongoing for about a month. Interestingly, global equity markets have been experiencing high volatility since June-July, approximately 2-3 months earlier. This indicates that the domestic sell-off occurred with a delay.
Open FlipIndraprastha Gas Ltd (IGL) on October 28 reported decline of 19.4 percent in standalone net profit at Rs 431 crore for the second quarter of fiscal year 2024-25.The city gas distribution company had posted net profit of Rs 535 crore in the year-ago period. Net profit increased 7.4 percent sequentially as the company recorded Rs 401 crore profit in the quarter ending June 30.
Open FlipSuzlon reported its earnings for the quarter ended September on Monday evening What Happened: The wind energy major’s net profit for the quarter under review stood at ₹200.2 crore, a 97% jump from the ₹102 crore posted in the same quarter last year. The company's revenue from operations has jumped 48% year-on-year, to ₹2093 crore, compared to the ₹1,417 crore posted in the corresponding quarter.
Open FlipNTPC Green Energy Ltd., the renewable energy arm of NTPC Ltd., has received final observation from the capital markets regulator SEBI to raise ₹10,000 crore through an initial public offering (IPO). The company had filed its IPO papers with SEBI earlier on September 18, 2024. The IPO with a face value of ₹10 per equity share is entirely a fresh issue of equity shares.
Open FlipBoeing Co. launches a $19 billion share sale to address liquidity needs and avoid a credit rating downgrade, offering 90 million common shares and $5 billion of depositary shares, as the company grapples with a strained balance sheet and a seven-week strike that is crippling 737 Max jetliner production.
Open FlipJSW Infra posted its earnings for the quarter ended September on Monday evening. What Happened: The company’s consolidated net profit for the quarter came in at ₹371.51 crore, up 46% from the ₹254 crore profit posted in the same quarter last year. Revenue from operations stood at ₹1,001.36 crore, an 18% increase from the ₹848 crore posted in the corresponding quarter of the previous year.
Open FlipSolar photovoltaic modules make Waaree Energies shares closed with a massive 56 percent gains on the listing day, i.e. October 28 as massive IPO subscription numbers, strong sector demand and favourable government policies for the segment boosted sentiment. The stock opened at Rs 2,500 on the National Stock Exchange, rising 66.3 percent over the issue price of Rs 1,503.
Open FlipThe board of Ajanta Pharma has declared a first interim dividend of ₹28 per share, amounting to ₹350 crore, for the financial year 2025. The company has fixed November 6, 2024, as the record date for payment of the first interim dividend. The dividend will be paid to shareholders by November 15, 2024. A record date means shareholders who own shares of the company at that particular date.
Open FlipShriram Finance outperformed Cholamandalam in asset quality and disbursals, with a notable improvement in gross NPA ratio and a 6% sequential increase in disbursals, while Cholamandalam experienced a deterioration in asset quality and a decline in disbursals. Shriram Finance's valuation appears more attractive, trading at slightly below 2 times its book value.
Open FlipIndian real estate developers have raised nearly Rs 13,000 crore through Qualified Institutional Placements (QIPs) till September, driven by enhanced transparency, post-pandemic recovery, and strong investor confidence, making real estate the second-highest sector to raise funds through QIPs this year.
Open FlipRushil Decor share price gained up to 5% during intraday trades on Monday. Rushil Decor had reported its July- September 2024 quarter) performance (Q2 results FY25) over the weekend. The Rushil decor share price opened at ₹31 almost flat over the previous close. RushiL Decor share price , however went to scale highs o ₹32.55 on the the NSE during intraday trades marking gains.
Open FlipAs Dhanteras approaches, many investors look for gold as a reliable asset. While digital gold has gained popularity, paper gold is another viable option for those seeking to invest in gold without the hassles of physical storage. Paper gold represents gold in a non-physical form, allowing investors to benefit from gold price fluctuations while enjoying liquidity and safety.
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