Spandana Sphoorty approves ₹400 crore rights issue
Record date for the rights issue will be intimated in due course, the company said in an exchange filling.
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SMFG said to eye $1.1 billion additional investment in Yes Bank
Yes Bank shares have gained about 2.1% this year, giving the bank a market value of about $7.3 billion.
Gems and jewellery exports fall 14% in June; gold and platinum see gains
Imports dropped 2.96% to $1,549.17 million (₹13,308.49 crore). High gold prices, weak global demand, and a dull domestic market affected buying.
GM Breweries Q1 Results: Stock falls after margin narrows but net profit increases
GM Breweries’ margin contracted to 18.98% from 20.67% in the year-ago period.
ICICI Prudential Q1 results: Net profit jumps 34%; VNB margin beats estimates
The value of new business (VNB) stood at ₹457 crore. This beats the CNBC-TV18 estimate of ₹440 crore. VNB margin rose to 24.5% against the expected 23.57%.
Markets in no man’s land, stock picking key: Trust MF’s Mihir Vora
On autos, Mihir Vora, CIO at Trust Mutual Fund remains optimistic about premium and rural demand. “The rural segment still continues to do well,” he said, adding that SUVs and other premium vehicles are part of his investment focus.
AWL Agri Business Q1 Results: Higher expenses dent margins, edible oil realisations boost topline
AWL Agri’ Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell 41.5% on a year-on-year basis to ₹366 crore, while margins saw a contraction to 2.15% from 4.42% last year.
Bank of Maharashtra Q1 Results: Asset quality stable but slippages rise from March
Bank of Maharashtra’s asset quality for the period remained unchanged on a sequential basis. Gross NPA remained unchanged at 1.74%, while net NPA also remained unchanged at 0.18% from the March quarter.
HAL in focus after securing second GE-404 engine for LCA project, reports say
State-run Hindustan Aeronautics Ltd. (HAL), which is manufacturing the aircraft, is expected to receive a total of 12 GE-404 engines by the end of the current financial year.
GAIL signs long-term agreement with Vitol Asia for annual supply of LNG; Stock gains
The agreement is for a period of ten years, starting 2026. Vitol will be delivering LNG to GAIL from its global LNG portfolio.