On July 23, 2024, United Spirits Ltd, a major beverage alcohol company in India, shared its unaudited financial results for the first quarter ending June 30, 2024. Key Highlights for the Quarter United Spirits Ltd’s Net Sales Value (NSV) reached ₹2,761 crore, while EBITDA stood at ₹713 crore. The NSV saw a 3.5% increase year-on-year, …
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Heritage Foods Q1FY25: Revenue Crossed ₹10,000 For First Time
24 July 2024Heritage Foods Limited, a leading dairy company in India, announced impressive results for the quarter ended June 30, 2024 (Q1FY25), marking significant milestones and strategic growth. Revenue Surpasses ₹10,000 Crore for the First Time The company achieved a noteworthy 11.8% growth in revenue, surpassing the ₹10,000 crore mark for the first time in a single …

Bajaj Finserv Reports 10% Increase In Q1 FY25 Net Profit; Stock Trades 2.2% Down
24 July 2024Bajaj Finserv Ltd. serves as the holding company for the diverse financial services businesses within the Bajaj group. Catering to millions of customers, Bajaj Finserv offers a comprehensive range of financial solutions, including asset acquisition through financing, asset protection via general insurance, and family and income protection through life and health insurance. Additionally, it provides …

United Spirits Hits All-Time High as Market Cap Surpasses Rs 1 Lakh Crore
24 July 2024Record-Setting Performance M-Cap Crossed Rs 1 Lakh Crore Diageo-controlled liquor maker, United Spirits Ltd, achieved a significant milestone on Wednesday as its stock price surged by over 5%, reaching a new all-time high of Rs 1,417.3 on the NSE. This upward movement pushed the company’s market capitalisation beyond the Rs 1 lakh crore mark. Financial …

Antony Waste (AWHCL) Shares Soar 20% in 2 Days Post-Budget Boost
24 July 2024Antony Waste Handling Cell Ltd. has experienced a remarkable surge in its share prices, rallying over 20% in just two trading sessions. The stock climbed by 16.5% today, reaching an all-time high of Rs.808.8. This increase follows a 3% rise on Tuesday and a 14% gain on Monday, marking a substantial three-day gain of more …

ICICI Lombard Acquires 0.01% Stake in Reliance Industries
24 July 2024On July 23, 2024, ICICI Lombard General Insurance Company Limited announced via a stock exchange that it had acquired a 0.01% shareholding in Reliance Industries Limited. Objective of Acquisition Regarding the objective of the acquisition, the company stated it as part of ICICI Lombard’s regular business activities. Acquisition Details Related Party Transaction The investment in …

EKI Energy Services Reports Strong Q1 FY24-25 Results
24 July 2024On July 23, 2024, EKI Energy Services Limited (EKI), a top global provider of carbon credits, announced its financial results for the first quarter of 2024-25. The company saw a boost in revenue to ₹136.20 crore, thanks to its new focus on power trading. EKI is also investing in efforts to reduce carbon emissions, including …

IHCL Updates SSHA with SATS Ltd; Taj SATS Reclassified as IHCL Subsidiary
24 July 2024Indian Hotels Company Ltd (IHCL) has announced the execution of an amended Subscription cum Shareholders Agreement (SSHA) with SATS Ltd (SATS) and Taj SATS Air Catering Limited (Taj SATS) on July 23, 2024. The SSHA, originally established on September 25, 2001, was designed to regulate the relationship between IHCL and SATS and to address various …

KIMS Announces Merger of Rajyalakshmi and Sarvejana Healthcare
24 July 2024Krishna Institute of Medical Sciences Limited (KIMS) has announced the approval of the proposed merger between its step-down wholly-owned subsidiary, Rajyalakshmi Healthcare Private Limited (RHPL), and its holding company, Sarvejana Healthcare Private Limited (SHPL). The merger was sanctioned by the boards of both companies on July 22, 2024. Rajyalakshmi Healthcare Private Limited, the transferor company, …

Schaeffler India Sees 13.3% Revenue Growth in Q2 2024
24 July 2024Schaeffler India Limited announced that the Board of Directors approved the results for the second quarter and half year ended June 30, 2024. April – June 2024 (2nd Quarter) The company’s revenue from operations (net) for Q2’24 was ₹20,719 million, 13.3% higher than the corresponding quarter of 2023 and 12.0% higher than the preceding quarter …
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