EBITDA for the quarter was ₹851.8 crore, compared to ₹593 crore a year earlier, marking a 43.5% increase year-on-year. The figure, however, was below the CNBC-TV18 estimate of ₹938 crore. Shares of Shree Cement Ltd ended at ₹28,534.50, down by…
The NCDs, rated ‘A+’ with a stable outlook by Care Edge Ratings, are listed on the BSE. They carry a coupon of 11% and mature on January 15, 2029, with a tenure of over three years.
Tata Capital reported an 11% sequential rise in profit to ₹1,097 crore in its first quarterly results since listing, with motor finance integration progressing well.
The company’s loan book expanded by 13% YoY, while total disbursements grew 3% to ₹13,514 crore. Tractor disbursements, however, surged 41% YoY, reflecting strong performance in this segment. Shares of Mahindra & Mahindra Financial Services Ltd ended at ₹299.70, up…
The new production line will help ABB cut delivery times by up to 40% and produce customised drives to serve diverse industrial needs. It will also produce drives with large power ratings for a variety of industries, including buildings, data…
The NSE Nifty 50 index closed down 30 points, or 0.12%, at 25,936, while the S&P BSE Sensex slipped 151 points, or 0.18%, to end at 84,628. The Nifty recouped more than 140 points from the day’s lows to hold…
Under this MoU, the parties have formed an alliance covering the areas of the Real Time Automatic Cargo Evacuation System (e-FTS and Enhance Freight Transport System). As per the agreement, Deendayal Port Authority will serve as the client, while DMRC…
Kunal Shah, Head-Commodities Research, Nirmal Bang Commodities said the MCX outage was a technical glitch but stressed that such disruptions should not occur, as they expose traders to major risks without alternatives. Jay Prakash Gupta, Director of Dhan called the…
In another development, OIL, BPCL, and NRL have signed a tripartite MoU to facilitate the evacuation of petroleum products following NRL’s expansion from 3 MMTPA to 9 MMTPA. Shares of Oil India Ltd ended at ₹413.10, down by ₹9.60, or…
Sources told CNBC-TV18 that TPG Capital is the frontrunner to acquire up to 19.99% in IIFL Capital, while Bain Capital is also exploring a significant stake in the firm.