PSU lender Canara Bank on Monday said its Board approved split of each share into five shares. The bank said in a stock exchange filing that the move was made "to improve the liquidity of the Bank’s share and to make it affordable for retail investors and also to broaden the retail investors base". Expected time of completion for stock split is 2-3 months, said Canara Bank.
Open FlipThe BMC has imposed a collective penalty of Rs 82.5 lakh on multiple ongoing construction works across the city in keeping with the set of SOPs it had released on Oct 25, last year, to check rising air pollution. While 1,572 work sites were levied a penalty of Rs 48 lakh for not keeping their premises clean, 139 sites were fined for burning garbage and 537 individuals for unauthorised dumping.
Open FlipBenchmark Nifty 50 saw some more profit booking amid consolidation and closed four-tenth of a percent lower on February 26, after hitting a historic high in previous week. The ongoing consolidation is likely to continue in the coming sessions too, with the psychological 22,000 mark likely acting as an immediate support, followed by 21,900 as a crucial support, which coincides with 21-day EMA.
Open FlipLand, house and building owners in the Patna municipal area, who don’t have an identification number of their property, would now be provided an online platform to get it.Patna Municipal Corporation (PMC) has decided to launch ‘identification, assessment, payment and property ID generation (IAPP)’ facility for property owners.
Open FlipIT clients are excited about using artificial intelligence, but cost considerations are forcing them to apply brakes on the faster adoption of the technology, a top Infosys executive said."You have to think about return on investment, because this tech, unlike the other ones, is high on cost," Satish HC, executive vice-president and co-head of delivery.
Open FlipMahindra & Mahindra Financial Services on February 26 announced a collaboration with Lendingkart, for co-lending partnership to provide business loans for the small and medium enterprise (SME) sector. The partnership will provide business loans to SMEs with an aim to boost timely access to credit and will further bolster Mahindra Finance’s SME lending portfolio, the company said.
Open FlipThe shares of Dixon Technologies surged to an all-time high of ₹7,048 per share on Monday's trading session, up by a 2.6 percent. This remarkable upswing came as a result of the company's announcement of signing a contract with Compal Smart for mobile phone manufacturing.Padget Electronics, a subsidiary fully owned by Dixon Tech, has signed a contract manufacturing deal with Compal Smart Device
Open FlipReported Consolidated quarterly numbers for PCS Industries are: Net Sales at Rs 0.08 crore in December 2023 down 11.78% from Rs. 0.09 crore in December 2022. Quarterly Net Profit at Rs. 0.37 crore in December 2023 up 49.08% from Rs. 0.25 crore in December 2022. EBITDA stands at Rs. 0.50 crore in December 2023 down 0% from Rs. 0.50 crore in December 2022.
Open FlipReported Consolidated quarterly numbers for Innova Captab are: Net Sales at Rs 302.49 crore in December 2023 up 24.99% from Rs. 242.01 crore in December 2022. Quarterly Net Profit at Rs. 25.13 crore in December 2023 up 28.33% from Rs. 19.58 crore in December 2022. EBITDA stands at Rs. 46.94 crore in December 2023 up 27.11% from Rs. 36.93 crore in December 2022.
Open FlipReported Consolidated quarterly numbers for Softsol India are:Net Sales at Rs 17.00 crore in December 2023 down 11.64% from Rs. 19.24 crore in December 2022.Quarterly Net Profit at Rs. 2.95 crore in December 2023 down 56.94% from Rs. 6.85 crore in December 2022.EBITDA stands at Rs. 4.56 crore in December 2023 down 41.84% from Rs. 7.84 crore in December 2022.
Open FlipReported Consolidated quarterly numbers for Accel are: Net Sales at Rs 41.51 crore in December 2023 up 1.07% from Rs. 41.07 crore in December 2022. Quarterly Net Profit at Rs. 1.25 crore in December 2023 down 28.16% from Rs. 1.74 crore in December 2022.EBITDA stands at Rs. 5.10 crore in December 2023 down 15.56% from Rs. 6.04 crore in December 2022.
Open FlipShares of Paytm parent One 97 Communications Ltd gained 5 percent to be locked in the upper circuit again on February 26, the sixth time in the past seven sessions, continuing to recover from its all-time low of Rs 318.05 following RBI's restrictions on its banking arm. Paytm closed at Rs 428.10 on the National Stock Exchange, up 4.99 percent from the previous close.
Open FlipReported Consolidated quarterly numbers for Ethos are: Net Sales at Rs 281.22 crore in December 2023 up 22.44% from Rs. 229.68 crore in December 2022. Quarterly Net Profit at Rs. 25.52 crore in December 2023 up 23.51% from Rs. 20.66 crore in December 2022. EBITDA stands at Rs. 50.77 crore in December 2023 up 28.5% from Rs. 39.51 crore in December 2022.
Open FlipReported Consolidated quarterly numbers for HCL Infosystems are: Net Sales at Rs 8.16 crore in December 2023 up 14.93% from Rs. 7.10 crore in December 2022. Quarterly Net Loss at Rs. 9.30 crore in December 2023 up 28.84% from Rs. 13.07 crore in December 2022. EBITDA stands negative at Rs. 9.09 crore in December 2023 up 28.93% from Rs. 12.79 crore in December 2022. HCL Info shares closed at 17.8.
Open FlipReported Consolidated quarterly numbers for IMP Powers are:Net Sales at Rs 0.35 crore in December 2023 down 96% from Rs. 8.79 crore in December 2022.Quarterly Net Loss at Rs. 3.26 crore in December 2023 down 1.93% from Rs. 3.19 crore in December 2022.EBITDA stands negative at Rs. 1.71 crore in December 2023 down 8.92% from Rs. 1.57 crore in December 2022.
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