Investment bankers have urged SEBI to dilute proposed rules on merchant banking, citing compliance difficulties and concerns over broad definitions of relative shareholding, sources told Moneycontrol.
Shares of Go Digit, which debuted on the stock exchanges in May this year, fell 2% to end at ₹340.55 on Thursday.
Ramkrishna Forgings reported a 131% rise in Q2 FY25 net profit to ₹190 crore, driven by a ₹95 crore one-time gain. Revenue surged 17.2% to ₹1,054 crore, with EBITDA up 16.2%.
The board of directors of the company at their meeting held today inter-alia, considered, approved and declared third interim dividend of ₹0.50 (50%) per share of face value of ₹1 each for the financial year 2024-25.
CSB Bank Q2 Results | Shares of CSB Bank Ltd ended at ₹309.70, up by ₹6.80, or 2.24% on the BSE.
According to the postal ballot notice, the company will raise up to ₹1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into equivalent number of equity shares at a price of ₹33 per apiece.
ACC Q2 results: Apart from revenue that rose 4% year-on-year, the cement maker saw a decline in earnings across parameters inlcuding profit, operating EBITDA and margin.
The Founder and Partner of Demeter Advisors is cautious about broad consumer plays, he remains invested in select consumer names, particularly in the tobacco sector.
Richard Harris, Executive Director of Port Shelter Investment Management cautioned that while India’s growth is evident, it may still struggle to stay on its current path if other parts of the world slow down.
Provisions for Q2 stood at ₹151 crore, compared to ₹110 crore QoQ and ₹47 crore YoY.