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CATEGORY

Company Updates

REC Reports ₹4,038 Crore Net Profit in Q2 FY25 Earnings Announcement

In Short:State-run REC reported a 7% increase in its net profit, reaching ₹4,038 crore for Q2 FY25, supported by strong growth across its sectors....

Hindustan Zinc’s Demerger to Unlock Value Amid Rising Silver Prices: CEO Arun Misra

In Short:Hindustan Zinc is pushing its demerger plan to create separate companies for zinc and silver. CEO Arun Misra believes this will enhance value...

Coal India Q2 Profit Declines 21.75% Amid Sluggish Coal Production

In Short:Coal India reported a 21.75% drop in net profit to ₹6,274.80 crore for the second quarter, down from ₹8,018.64 crore last year. Revenue...

Cholamandalam Investment Reports 26% Q2 Net Profit Increase to ₹963 Crore

In Short:Murugappa Group's NBFC, Cholamandalam Investment, showed impressive growth in Q2 and the first half of the fiscal year. Net profit rose 26% to...

L&T Secures Major Contract for International Nuclear Fusion Initiative

In Short:Larsen & Toubro (L&T) has secured a significant order from the ITER Organization for advanced welding technologies in a nuclear fusion project in...

ITC Q2 Profit Rises 3.1% to ₹5078.34 Cr; Revenue Increases by 16%

In Short:ITC reported a 3.1% increase in standalone net profit to ₹5,078.34 crore for Q2, driven by a 16% rise in revenue, reaching ₹20,359.95...

Petronet LNG Reports Q2 Net Profit of ₹849 Crore

In Short:Petronet LNG reported a 4% year-on-year increase in net profit to ₹849 crore for Q1 FY25, thanks to stable LNG prices and improved...

Schneider Electric to Deliver Energy Management Solutions for Noida Airport

In Short:Schneider Electric has partnered with Noida International Airport to enhance its building and energy management systems. This collaboration aims to improve operational efficiency...

Diageo India’s Net Profit Declines to ₹341 Crore Amid Weak Demand

In Short:Diageo India (United Spirits) reported Q2FY25 revenue at ₹6,672 crore, slightly down from ₹6,737 crore last year. Net profit fell to ₹341 crore,...

Citi Reports Strong Deal Pipeline and Activity in India Market

In Short:Citigroup expects a strong year in 2024 for equity capital markets and mergers and acquisitions in India, following Hyundai Motor India's massive IPO....

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