Thu, Aug 8, 2024 12:42 PM
Turnaround Story: Revenue Surged by 61,900% : Websol Energy System
A Flip by Riya Sharma
After joining the 30-pack Sensex last December, food delivery giant Zomato might soon enter another major league: the NSE Nifty 50! And it’s not alone. Reliance Industries’ newly spun-off financial arm, Jio Financial Services, might also make its debut on this benchmark index!. The exclusion of BPCL and Britannia could lead to outflows of $212 million and $229 million.
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Ace investors Dolly Khanna and Mukul Agrawal booked profits in J Kumar Infraprojects during the December quarter, suggesting a bearish outlook on the stock amid market volatility. Khanna's stake is no longer disclosed, while Agrawal's stake decreased to 2.61% from 2.64%. The stock has gained 22% over the last year, despite the investors' bearish sentiment.
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German logistics giant DHL Group will expand its freighter capacity in India by 30% in 3-5 years in anticipation of its business in the country doubling by then, chief executive of DHL eCommerce Pablo Ciano, said. DHL Group’s revenue in India grew by over 10% year-on-year in 2024, Ciano told Mint in an interview, adding that company plans to open another large facility in New Delhi by mid-2025.
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