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Tata Motors Q1 results: Net profit may grew by 8-12%, margin expansion likely
02 Aug

Tata Motors Q1 results: Net profit may grew by 8-12%, margin expansion likely

Priyanka RoyBusiness, latest
Tata Motors Q1 Earnings: MOFSL expects Tata Motors to report consolidated net profit at Rs 4,107.40 crore, up 8.5 percent YoY, and sales at Rs 1,03,355 crore, up 1.1 percent YoY.Emkay Global said Tata Motors' consolidated net profit may rise 12.3 percent year-on-year to Rs 4,740 crore. The revenue of this brokerage is estimated to increase by 2 percent year-on-year to Rs 1,08,073 crore.Tata Motors Ltd is likely to report 8-12 percent year-on-year (YoY) rise in consolidated net profit for the June quarter due to decline in interest costs. We are seeing 1-3 percent YoY growth in sales and 50-60…
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Women from Bangladesh aprehended at Agartala Airport
01 Aug

Women from Bangladesh aprehended at Agartala Airport

Sonakshi Sarkarlatest
Tripura Police have detained six Bangladeshi nationals at Maharaja Bir Bikram (MBB) Airport in Agartala. The individuals, all women, were apprehended based on a tip-off received by airport authorities. Airport Police Station Officer In-Charge Abhijit Mandal reported that suspicious activity was observed around the airport premises, prompting an investigation. Upon interrogation, the detained women admitted to entering Tripura without passports, confirming their Bangladeshi nationality. The women were reportedly attempting to leave the state for another destination. The police have taken them into custody and are continuing their investigation.
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Mcap of BSE-listed companies hits all-time progress of Rs 462.38 lakh crore
01 Aug

Mcap of BSE-listed companies hits all-time progress of Rs 462.38 lakh crore

Priyanka RoyBusiness, latest
Reliance Industries, Tata Motors, Infosys, Mahindra & Mahindra, Bajaj Finance and Axis Bank were among the laggards.The market capitalization of BSE-listed companies rose to an all-time high of Rs 462.38 lakh crore on Wednesday, following four days of gains in the benchmark indices.The 30-share BSE Sensex closed 285.94 points or 0.35 percent higher at 81,741.34 - an all-time high.In the last 4 trading sessions, the BSE benchmark increment 408.62 points or 0.50 percent, giving investors rise of over Rs 5.45 lakh crore.Investor wealth rose by Rs 5,45,337.02 crore in the last four days to reach a record high of Rs…
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Heavy rains triggered landslides in Kerala’s Wayanad
31 Jul

Heavy rains triggered landslides in Kerala’s Wayanad

Banasree Sarkarlatest
Death toll rises to 116 in Kerala's Wayanad due to heavy rains. Rescue operations are also hampered due to heavy rains. If the rain does not subside, the situation may worsen in the next few hours. The Indian Army has already started the rescue operation. Meanwhile, the Indian Meteorological Department has predicted heavy rains in several districts of Kerala, including Wayanad, in the next few hours. The Meteorological Department has issued a red alert. Opposition leader Rahul Gandhi and his sister and Congress leader Priyanka Gandhi were planning to visit landslide-hit Wayanad on Wednesday. However, they temporarily canceled their tour…
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Adani Energy flourish $1 billion through QIP issue
31 Jul

Adani Energy flourish $1 billion through QIP issue

Priyanka RoyBusiness, latest
The company had fixed the floor price of Rs 1,027 per share, which could allow a maximum discount of 5 per cent on the floor price.Adani Energy Solutions, the power transmission arm of Adani Group, has increased $1 billion (over Rs 8,300 crore) through a Qualified Institutional Placement issue.The issue was oversubscribed 3 times with a demand of about Rs 26,000 crore, the largest transaction in India's energy sector. The QIP issue price closed at Rs 1135 per share as against Rs 976 per share. Global investors including GQG, QIP, ADIA and some new US names participated in the issue.…
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HDFC Bank shares decrease 11% from one-year high
30 Jul

HDFC Bank shares decrease 11% from one-year high

Priyanka RoyBusiness, latest
HDFC Bank share price: The country's largest private lender reported profit of Rs 16,174.75 crore in Q1 FY25, compared to Rs 11,951.77 crore in the year-ago period. However, net profit for the quarter end June 30 this year was lapse 2.04 percent sequentially from Rs 16,511.85 crore in the prior quarter (Q4 FY24).Shares of HDFC Bank Ltd slipped 1.21 percent to a low of Rs 1,598.20 in Monday's trade from its previous close of Rs 1,617.80. Considering today's low, it has fallen 10.81 percent from its 52-week high of Rs 1,791.90, a level seen earlier this month on July 3.The…
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Shares of UltraTech Cement rise due to acquisition of India Cements; Check out the deal outline, industry impact, stock price outlook
29 Jul

Shares of UltraTech Cement rise due to acquisition of India Cements; Check out the deal outline, industry impact, stock price outlook

Priyanka RoyBusiness, latest
Share price of UltraTech Cement rose by over one per cent in early trade on Monday after the company announced the acquisition of 32.72% stake in India Cements. Meanwhile, share price of India Cements also rose by about 3% on BSE.Aditya Birla Group-owned UltraTech Cement said its board of directors has approved the acquisition of 32.72% equity stake of promoters and their associates in India Cements at ₹390 per share for ₹3,954 crore. This price is 4.1% higher than the closing price of India Cements shares of ₹374.60 last Friday.In June 2024, UltraTech had made a financial investment in South…
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DLF Q1 results: Net profit inflation 23% to Rs 646 crore
27 Jul

DLF Q1 results: Net profit inflation 23% to Rs 646 crore

Priyanka RoyBusiness, latest
India's largest realty firm DLF Ltd on July 25 reported a 23 percent year-on-year rise in its net profit to Rs 646 crore for the quarter ending June 30, 2024. The company had earned a net profit of Rs 526.11 crore in the same period a year ago.The company received new sales bookings worth Rs 6,404 crore, a growth of 214 percent year-on-year and healthy operating cash flow of Rs 1,849 crore, up 133 percent year-on-year, a regulatory filing said.DLF's consolidated revenue also rose by nearly 14 percent to Rs 1,729.82 crore in the April-June 2024 quarter, compared to Rs…
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Promoters, PEs to pay retro tax on OFS flourish
26 Jul

Promoters, PEs to pay retro tax on OFS flourish

Priyanka RoyBusiness, latest
Promoters and private equity (PE) investors who failed to pay capital gains tax on selling their shares through offer for sale (OFS) in initial public offerings (IPOs) will have to deposit the amount following amendments in tax laws.Taxpayers, in some cases, were not paying capital gains tax citing the absence of an express provision to determine the fair market value (FMV) of the equity shares as these were originally unlisted, although the securities on them were Transaction Tax (STT) was paid. , The new rules will be applicable retrospectively from February 18, 2018. Thus, all sales after this date will…
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UNESCO recognized Charideo Maidam as a World Heritage Site
26 Jul

UNESCO recognized Charideo Maidam as a World Heritage Site

Banasree Sarkarlatest
It is a historic day for Assam. Charideo Maidam has been recognized as a World Heritage Site. UNESCO officially gives this recognition. Charideo Maidam has become the third-world heritage site of the state. Charideo Maidam got this rare recognition after Kaziranga and Manah. Charideo Maidam is the third heritage site in Assam and the 43rd heritage site in India. The Chief Minister announced this on social media on Thursday. Chief Minister Himanta Biswa Sharma wrote on social media that the UNESCO recognition of Charideo Maidam will be a milestone for the people of Assam. We are waiting for the official…
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