Kalyani Comm Standalone December 2023 Net Sales at Rs 77.30 crore!
Thu, Feb 22, 2024 3:37 PM

Kalyani Comm Standalone December 2023 Net Sales at Rs 77.30 crore!

Reported Standalone quarterly numbers for Kalyani Commercials are: Net Sales at Rs 77.30 crore in December 2023 down 9.32% from Rs. 85.25 crore in December 2022. Quarterly Net Profit at Rs. 0.57 crore in December 2023 down 54.64% from Rs. 1.25 crore in December 2022. EBITDA stands at Rs. 2.16 crore in December 2023 down 26.28% from Rs. 2.93 crore in December 2022.

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Bharat Rasayan Standalone December 2023 Net Sales at Rs 232.94 crore!
Thu, Feb 22, 2024 3:36 PM

Bharat Rasayan Standalone December 2023 Net Sales at Rs 232.94 crore!

Reported Standalone quarterly numbers for Bharat Rasayan are: Net Sales at Rs 232.94 crore in December 2023 down 24.69% from Rs. 309.29 crore in December 2022. Quarterly Net Profit at Rs. 17.28 crore in December 2023 down 52.75% from Rs. 36.57 crore in December 2022. EBITDA stands at Rs. 31.45 crore in December 2023 down 46.4% from Rs. 58.67 crore in December 2022.

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DPSC Standalone December 2023 Net Sales at Rs 135.90 crore
Thu, Feb 22, 2024 3:36 PM

DPSC Standalone December 2023 Net Sales at Rs 135.90 crore

Net Sales at Rs 135.90 crore in December 2023 down 6.22% from Rs. 144.92 crore in December 2022. Quarterly Net Profit at Rs. 4.15 crore in December 2023 up 18.27% from Rs. 3.51 crore in December 2022. EBITDA stands at Rs. 20.06 crore in December 2023 up 92.7% from Rs. 10.41 crore in December 2022. DPSC EPS has increased to Rs. 0.03 in December 2023 from Rs. 0.02 in December 2022.

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Small-cap stock jumps 9% after stock market rebound
Thu, Feb 22, 2024 3:30 PM

Small-cap stock jumps 9% after stock market rebound

Stock market today: Despite volatile trends in the Indian stock market today, the broad market is still attracting bulls' interest. The small-cap index is trading green by logging a nearly 0.50 percent gain against its Wednesday close whereas the mid-cap index is up by over 0.62 percent during Thursday deals. Among various small-cap stocks, Rushil Decor share is one of those small-cap stocks.

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RVNL-Salasar JV emerges lowest bidder for Rs 174 crore transmission project
Thu, Feb 22, 2024 3:26 PM

RVNL-Salasar JV emerges lowest bidder for Rs 174 crore transmission project

A joint venture of state-owned RVNL and Salasar Techno Engineering has emerged as the lowest bidder for a transmission project worth Rs 174 crore in Madhya Pradesh. In a BSE filing, Rail Vikas Nigam Ltd (RVNL) said it holds a 51 percent stake in the JV while Salasar Techno Engineering Limited (STEL) has the remaining 49 percent stake. "RVNL-Salasar JV emerges as the lowest bidder.

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TCS shows bullish engulfing pattern as IT stocks drive markets into green
Thu, Feb 22, 2024 3:24 PM

TCS shows bullish engulfing pattern as IT stocks drive markets into green

TCS shares traded 1.28% higher around 2.30 pm on Feb 22, making up for 50% of the BSE Sensex registered during the day. A bullish engulfing pattern is seen in TCS shares. A bullish engulfing candlestick is a green candlestick that opens lower than the previous day’s close and ends higher than the previous day’s opening. HCL Tech is the top BSE Sensex gainer, followed by Tech Mahindra and Wipro.

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Uber CEO Aims to Get Into Cheap Rides in ‘Toughest Market’ India
Thu, Feb 22, 2024 3:20 PM

Uber CEO Aims to Get Into Cheap Rides in ‘Toughest Market’ India

Uber Technologies Inc. wants to quicken an expansion into the cheaper but potentially larger market for two- and three-wheeled rides in India, extending a long-running rivalry with local provider Ola. Most Read from Bloomberg Nvidia Surges After Company Proclaims AI Has Hit 'Tipping Point 'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours.

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Banks should be managing risks from fintech partnerships, regulator says
Thu, Feb 22, 2024 3:20 PM

Banks should be managing risks from fintech partnerships, regulator says

Banks that work with financial technology companies to offer banking services should be actively managing risks associated with those relationships, a leading U.S. bank regulator said Wednesday. Michael Hsu, the acting Comptroller of the Currency, has long expressed concern about certain gaps in the regulation of the payments system.

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Google releases 'open' AI models after Meta
Thu, Feb 22, 2024 3:18 PM

Google releases 'open' AI models after Meta

Google on Wednesday released new AI models that outside developers potentially can fashion as their own, following a similar move by Meta and others. The Alphabet subsidiary said individuals and businesses can build AI software based on its new family of "open models" called Gemma, for free. The company is making key technical data such as what are called model weights publicly available, it said.

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Ambuja Cements to invest Rs 1,000 cr to set up grinding unit in Jharkhand
Thu, Feb 22, 2024 3:15 PM

Ambuja Cements to invest Rs 1,000 cr to set up grinding unit in Jharkhand

Ambuja Cements, now a part of Adani Group, on Wednesday said it has planned to invest Rs 1,000 crore to set up a cement grinding unit in Godda district of Jharkhand. The new 4 Million Tonne Per Annum (MTPA) cement grinding unit would be set up after requisite approvals, Ambuja Cements Ltd (ACL) said in a statement.

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Paint stocks recover some losses incurred after Birla Opus launch
Thu, Feb 22, 2024 3:14 PM

Paint stocks recover some losses incurred after Birla Opus launch

Paint stocks came under pressure as Grasim Industries entered the space with the launch of Birla Opus in February. The flagship Aditya Birla Group company put on stream three paint manufacturing plants - in Panipat, Ludhiana, and Cheyyar - on stream the same day. Group Chairman Kumar Mangalam Birla shared the group's ambition to secure a profitable second position in paint marketing.

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Haryana: HSVP to carve out only 17 new sectors in nine districts
Thu, Feb 22, 2024 3:13 PM

Haryana: HSVP to carve out only 17 new sectors in nine districts

Haryana Shehri Vikas Parishad (HSVP) is developing only 17 new sectors in nine districts of the state, with Faridabad topping the table with five new sectors. The information was shared by chief minister Manohar Lal Khattar, who is also the HSVP chairman, in response to a query by Indri MLA Ram Kumar. Khattar denied the authority had any plans of carving out a sector in Indri.

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Why Sebi wants stricter UBO disclosure norms for FPIs?
Thu, Feb 22, 2024 3:12 PM

Why Sebi wants stricter UBO disclosure norms for FPIs?

It is possible that a single person could have substantial overall economic interest in FPI through different investment entities, each falling below threshold for UBO identification specified in the PMLA. This could cause misuse of FPI route which could lead to breach of minimum public shareholding norms or disclosure norms under Substantial Acquisition of Shares and Takeover Regulations, 2011.

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ASK Property Fund to invest Rs 120 crore in TREVOC luxury project!
Thu, Feb 22, 2024 3:09 PM

ASK Property Fund to invest Rs 120 crore in TREVOC luxury project!

ASK Property Fund will invest Rs 120 crore in a luxury housing project of realty firm TREVOC in Gurugram. ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, will invest Rs 120 crore in TREVOC's luxury residential project in Gurugram. TREVOC will be investing Rs 80 crore in the project, according to a company statement on Thursday.

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Rs 22,500-crore dent! FPIs remain in sell mode, 6 sectors face the brunt
Thu, Feb 22, 2024 3:08 PM

Rs 22,500-crore dent! FPIs remain in sell mode, 6 sectors face the brunt

Foreign institutional investors (FIIs) remained net sellers in the Indian market this month, with six sectors seeing outflows of over Rs 22,500 crore ($2.71 billion) in the first fortnight. However, the pace of selling slowed down from the previous fortnight when FIIs sold shares worth more than Rs 40,000 crore. The sector that continued to be on the hit list was financial services.

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