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Company Updates

Navneet Education Launches ₹100-Crore Buyback Offer Starting August 20

In Short:Navneet Education Ltd. will buy back up to ₹100 crore worth of equity shares from August 20 to August 26, 2024. The company...

Ashok Leyland Targets Single-Digit Growth in FY25 for MHCV Segment

In Short:Ashok Leyland forecasts single-digit growth in FY25 for Medium and Heavy Commercial Vehicles (MHCV), following an 8% growth in Q1. There’s increased interest...

Adani Group’s Ambuja Cements Finalizes Acquisition of Penna Cement

In Short:Ambuja Cements Limited has successfully acquired Penna Cement Industries Limited, obtaining a 100% stake. The deal, approved on June 13, 2024, makes PCIL...

CIL Set to Pay Penalty for Failing to Supply E-Auction Coal for First Time

In Short:The Indian government has implemented a new penalty for Coal India (CIL) if it fails to supply coal to industries via e-auctions. This...

Gokaldas Exports to Fully Integrate Atraco and Matrix by FY25 End

In Short:Gokaldas Exports aims to integrate its new Atraco and Matrix units by FY25, despite a 16.5% profit drop due to high costs and...

AC Manufacturers’ Profits Surge in April-June Due to Record Heat

In Short:Air-conditioner manufacturers saw significant revenue and profit growth from April to June, driven by high demand during the hot summer. Companies like Voltas...

HAL Reports 77% Surge in Q1 FY25 Net Profit to ₹1,437 Crore

In Short:Hindustan Aeronautics Ltd (HAL) reported a 77% jump in net profit to ₹1,437 crore in Q1 FY25, boosted by aircraft manufacturing contracts. Revenue...

Multiplexes Aim for Increased Occupancy with Independence Day Releases

In Short:After a slow start to FY25's second quarter, multiplexes may boost their fortunes with six film releases on Independence Day. Key Hindi movies...

FSC Clarifies Offshore Fund in Hindenburg Report Not from Mauritius

In Short:The Financial Services Commission (FSC) of Mauritius clarified that the IPE Plus Fund mentioned in a Hindenburg Research report is not based in...

Apollo Hospitals Reports 83% Surge in Q1 Consolidated PAT Driven by Robust Growth

In Short:Apollo Hospitals Enterprises reported a significant 83% increase in profit after tax, rising to ₹305 crore in Q1 FY25, driven by strong revenue...

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