BLS International posts strong Q3 as profits soar, bags big visa and Aadhaar deals
Operating performance saw some pressure, with the EBITDA margin slipping to 26.9%, from 30.8% in the year-ago quarter, reflecting a contraction of 390 basis points.
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Big profit drop for Jana SFB in Q3, but deposits and asset quality offer comfort
Net interest income (NII) rose 13.8% YoY to ₹675 crore, up from ₹593 crore in the corresponding quarter last year.
PFC acquires 52.63% stake in REC, approves in-principle merger after Budget directive
Shares of Power Finance Corporation Ltd ended at ₹419.20, up ₹1.85, or 1.01%, on the BSE. In contrast, shares of REC Limited closed at ₹372.50, down ₹9.60, or 2.51%, on the BSE.
Bharat Electronics receives orders worth ₹581 crore, including radar and communication equipment
Shares of Bharat Electronics Ltd ended at ₹429.55, down by ₹3.30, or 0.76%, on the BSE.
Global uncertainty drives market volatility; India relatively stable: Emmer Capital CEO
Manishi Raychaudhuri, Chief Executive Officer, Emmer Capital Partners said India has remained relatively stable compared with other Asian markets. He sees opportunities in financials, materials, industrials, and selective consumer stocks, while remaining cautious on IT services due to AI disruption…
Crompton Greaves Q3 Results: Profit, margin beat estimates but slip YoY; revenue rises
Crompton Greaves Consumer posted a better-than-expected Q3, beating CNBC-TV18 estimates on profit, EBITDA and margins, even as year-on-year profit dipped amid labour code costs.
This RBI rule change could bring cheaper, longer money to REITs
Ramesh Nair, MD & CEO, Mindspace Business Parks REIT, said REIT cost of funding has declined over the last nine months due to lower interest rates, with a higher share of fixed-rate debt. He added that new funding options could…
Kalyan Jewellers Q3 net profit nearly doubles to ₹416 crore on operational efficiency gains
Shares of Kalyan Jewellers India Ltd ended at ₹379.80, up by ₹3.60, or 0.96%, on the BSE.
RBI’s move will unlock long-term bank funding, says Indian REITs Association
RBI now lets banks lend directly to REITs, boosting funding options for Brookfield, Embassy, Mindspace, Nexus Select, and Knowledge Realty Trust.
M&M to set up biggest manufacturing unit in Vidarbha with ₹15,000 crore investment
The 1500-acre area in Nagpur’s Vidarbha, alongside a 150-acre supplier park in Sambhajinagar, will be equipped to produce over 5 lakh vehicles and 1 lakh tractors once it becomes operational in 2028.