KPIL reported a 32% jump in net profit and a 25% increase in order book for the December quarter. The company also announced plans to issue Non-Convertible Debentures for up to Rs 300 crores. KPIL's MD & CEO attributed the strong performance to robust project execution and record order inflow. With a healthy tender pipeline and global presence, KPIL aims to achieve its vision for 2025.

Mankind Pharma's promoters are selling a 1.62% stake in the company to meet minimum public shareholding requirements. The divestment will be done by Sheetal Arora, Arjun Juneja, and Puja Juneja, reducing their holding from 76.50% to 74.88%. The promoters have also stated that they will not purchase any shares during this period in compliance with regulatory rules.

LGB Forge reported a 7.51% increase in net sales at Rs 27.95 crore and a 49.07% increase in net loss at Rs 2.23 crore in December 2023 compared to the same period in 2022. EBITDA was at Rs 0.21 crore, showing a significant improvement of 92.16% from December 2022. The company's shares closed at Rs 14.56 on February 07.

El Forge reported a slight increase in net sales and a significant increase in net profit and EBITDA for the quarter ending December 2023 compared to the same period in 2022. The company's EPS also improved in this time frame. Its shares closed at Rs. 6.65 on January 27, 2015 (NSE). Promoters and promoter group do not have any pledged or encumbered shares.

China's Ant Group made net profit of 24.5 million yuan ($3.41 million) in the three months to Sept. 31, down 92% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report released on Thursday. The e-commerce giant reports profit from Ant one quarter in arrears.

📈 Domestic benchmark indices closed on a negative note today. 📢 At 3:30 PM, the Sensex tanked by 723.57 points or 1.00% at 71,428.43, and the Nifty was down 212.55 points or 0.97% at 21,717.95. 📊Among sectoral, Nifty PSU Bank (⬆️2.00%) turned out to be the best performer while Nifty FMCG (⬇️2.06%) saw considerable selling.

Page Industries reported a net profit of Rs 152 crore for the December quarter, with a growth of 23% from the same quarter last year. Total revenue increased to Rs 1,229 crore, while EBIDTA grew by 19%. The company's strategic initiatives and focus on e-commerce and D2C connections position it for sustained growth despite changing market dynamics.

Petroleum Minister Hardeep Singh Puri stated that India will not rush into signing more long-term energy deals to avoid accusations of overpaying due to price fluctuations. He also mentioned that India is in talks for potential supply pacts and that the country will not be dependent on a few suppliers. The International Energy Agency projects India's oil demand to be the largest in world by 2030.

In December 2023, domestic institutional holdings in Indian companies surged to 18.19%, marking a significant increase from 13.7% in December 2018. Conversely, foreign holdings dipped to 18.1% from 19.6% over the same period. This narrowing gap suggests that domestic institutional investors (DIIs) may soon overtake FIIs in terms of ownership of NSE-listed companies.

Punjab govt abolishes the requirement of NOC for registering land and property, citing delays and inconvenience faced by people. CM Bhagwant Mann says decision was made in consultation with public and will benefit them. FM Harpal Singh Cheema praises the move as pro-people and aimed at simplifying administration. Despite previous efforts to reduce issuance time for NOCs, pendency remains high.

Food delivery app Zomato's net profit for the third quarter was at Rs 138 crore, a significant increase from the same period last year when the company reported a loss of Rs 347 crore. This growth can be attributed to a 69 percent rise in revenue to Rs 3,288 crore. The company's performance stands out in the current economic climate where e-commerce is struggling due to high inflation.

Redington Ltd, an IT solutions provider, reported a standalone net profit of Rs 153.58 crore for the October-December 2023 quarter, with total income increasing to Rs 111.19 crore. Despite a decrease in nine-month net profit, the company has seen strong growth in global revenues and is focused on expanding its capabilities in technology distribution as well as cloud services.

Stable Money, an online fixed income portal, has acquired a license from BSE to sell corporate bonds on their platform. The company plans to offer bonds with a minimum ticket size of Rs 1,000 or lower in order to reach a broader user base. This move is in line with SEBI's circular that brings online bond platforms under a regulatory framework.

The Indian Space Promotion and Authorisation Centre has released a manifesto stating that private launch companies, Skyroot Aerospace and Agnikul Cosmos, are expected to make seven launches between 2024 and early 2025. These include the startups' first commercial missions. Hyderabad's Skyroot will launch their Vikram-1 vehicle in Q1 of FY 2024-25.

Including a nominee for Demat accounts is crucial for investors to secure their assets and pass them on to legal heirs. Currently, 70% of individually owned Demat accounts in the country have no nominations, leading to unclaimed assets worth Rs 50,000-80,000 crore. SEBI has extended the deadline for providing nominations to ease compliance and ensure investor convenience.