Blue Star Limited has announced the completion of its final tranche of investment in its wholly-owned subsidiary, Blue Star Climatech Limited (BSCL). In a communication dated November 8, 2023, the company detailed its plan to invest up to ₹94.40 crores in BSCL by subscribing to its rights issue. This investment involves purchasing up to 9,44,00,000 …
On July 18, 2024, Shoppers Stop Ltd, a prominent department store offering premium fashion and beauty brands, announced its financial results for the quarter ending June 30, 2024. Key Financial Highlights For Q1 FY25 Shopper Stop reported strong results for Q1FY25, with sales reaching ₹1034 crore, marking a 5% increase year-on-year, and EBITDA of ₹146 …
On July 18, 2024, Dr Gyanendra Shukla, Managing Director and CEO of Rallis India Limited, announced the company’s results for Q1 FY25. He noted that the agrochemical industry faces growth challenges due to low prices caused by oversupply, but domestic demand is improving with the arrival of the monsoon. Key Highlights: Q1 FY25 In Q1 …
On July 18, 2024, Tanla Platforms Limited, India’s leading CPaaS provider, reported its financial results for the first quarter of FY25. Key Financial Highlights The company achieved a revenue of ₹1,002 crore, reflecting a 10.0% year-over-year increase. Gross profit rose by 11.7% to ₹269 crore, with a gross margin of 26.9%. EBITDA grew by 3.5% …
Kosamattam Finance, a Kerala-based NBFC specializing in gold loans, is offering a Non-Convertible Debentures (NCD) issue. The issue, open from July 19 to August 1, 2024, has a base size of Rs 100 crore, with an option to oversubscribe for an additional Rs 100 crore, totalling Rs 200 crore. Investors can choose from eight different …
About Award Tejas Networks, a leading Indian telecom and networking company, has been conferred the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award-2023. This recognition, presented by the Government of India, acknowledges Tejas Networks’ significant contributions in the field of ‘Telecom Equipment Research and Manufacturing.’ The award ceremony, held in New Delhi, saw Shri Jyotiraditya Scindia, …
Tata Communications Limited, a leading global digital ecosystem enabler, has announced a strategic move to simplify its corporate structure. The company’s board of directors approved an investment in its wholly-owned subsidiary, Tata Communications (UK) Limited (TC UK). Simplifying for Efficiency This investment, valued at approximately $26.8 million (₹223.84 crore), will see Tata Communications directly acquire …
Introduction ONGC Videsh Limited (OVL), a prominent player in the international oil and gas sector, has recently announced a significant acquisition. This move underscores the company’s commitment to enhancing India’s energy security by expanding its global asset portfolio. Let’s dive into the details of this acquisition and understand its implications. The Acquisition Deal ONGC Videsh …
Jubilant Pharmova Limited has announced its financial results for the first quarter of FY25, showcasing significant growth across various segments. The company has maintained its growth momentum, achieved EBITDA margin expansion, and reduced its net debt/EBITDA ratio. Let’s delve into the key highlights and segmental performance. Financial Highlights Particulars Q1FY24 Q1FY25 YoY change Total Income …
On July 18, 2024, L&T Technology Services (LTTS), India’s leading pure-play engineering services company, announced its results for the first quarter ended June 30, 202 (Q1 FY2025) Financial Performance For Q1 FY2025, Revenue amounted to ₹24,619 million, reflecting a fall of 3.0% QoQ and growth of 7.0% YoY. It recorded an EBIT of ₹3,836 million …
