Canara Bank, one of India’s leading public sector banks, recently released its financial results for the fourth quarter of the fiscal year 2023-24. The bank’s performance metrics provide valuable insights into its operational efficiency, asset quality, and strategic initiatives. Global and Domestic Business Expansion Canara Bank’s global business flourished in Q4 FY24, registering an expansion …
On May 8, 2024, Radico Khaitan informed the stock exchanges that the company’s brand, Jaisalmer Indian Craft Gin, leads India’s luxury craft gin space with about 50% market share, contending against the international brands. The company stated that launched in 2018, Jaisalmer Indian Craft Gin stands as a testament to the company’s dedication to quality …
On May 8, 2024, Larsen & Toubro (L&T) informed the stock exchanges that the company’s Power Transmission & Distribution (PT&D) business had received multiple orders globally, which testifies to its leading position in the clean energy space in India. The PT&D business has won orders to set up two Floating Solar Plants in India, comprising …
Small-Caps: A Breeding Ground for Exponential Growth Small-cap companies, generally defined as those with a market capitalization between Rs 500 crore and Rs 5,000 crore, are captivating investors with their potential for explosive growth. Their agility, adaptability, and ability to cater to niche markets position them for remarkable expansion. While they may involve a higher …
REC Ltd. is a Maharatna company under the administration of the Ministry of Power, It is registered with RBI as a Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). The company is set to raise Rs.6000 crores through bonds which have been accredited with the highest credit rating of ‘AAA …
Paytm is an Indian multinational fintech company that specialises in digital payments, based in Noida, India. Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications Ltd. One97 Communications Limited, which runs Paytm, has seen its market share drop to a new low of 8.4% in April this year from 13.3% the company …
In recent times, there has been a notable surge in Foreign Institutional Investors (FIIs) showing greater interest in small-cap stocks, particularly those with a market capitalization below Rs 5000 crore. A closer examination of the top 10 stocks displaying significant growth in FII holdings, in terms of percentage, compared to their five-year average, reveals intriguing …
United Breweries Limited (UBL) is a leading company in the breweries and distilleries industry that operates in the production and distribution of beer and non-alcoholic drinks. The company markets its offerings primarily under renowned labels like Kingfisher and Heineken. Financial Performance United Breweries Limited (UBL) reported a consolidated net profit of Rs 81.55 crore for …
On May 7, 2024, Patel Engineering Limited informed in an exchange filing that the Office of the Executive Engineer, Government of Maharashtra, has announced the company, along with its Joint Venture Partner, as Lowest (L1) for a ₹342.76 crore contract. The work involved in this contract is the construction of the water lifting arrangement for …
On May 7, 2024, LTIMindtree Limited informed the exchanges that it is collaborating with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India. This co-innovation centre aims to combine the power of the IBM watsonx AI and data platform with LTIMindtree’s engineering skills. Open innovation drives the growth of enterprise …
