This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108.Domestic stocks made strong gains in Monday’s trade to touch their…
Breaking records and setting new standards, the National Stock Exchange (NSE) of India has achieved an unprecedented milestone, with the market capitalization of listed companies surpassing USD 5 trillion on May 23, 2024. This remarkable feat coincides with the Nifty 50 Index soaring to an all-time high of 22,993.60, signaling a resounding vote of confidence…
In response to Israel’s urgent need for skilled labor amid the ongoing war with Palestine’s militant organization Hamas, Telangana workers have come forward to fill the gap. Following a 4-day recruitment camp in Hyderabad, 2,209 workers volunteered for construction jobs in Israel. Among them, 905 workers have been chosen to join Israel’s foreign labor force….
Divi’s Laboratories Q4 results: Divi’s Laboratories on Saturday, May 25 announced January-March quarter results for the financial year 2023-24 (Q4FY24), reporting 67.6% rise in net profit to ₹538 crore. Whereas last year it was ₹321 Crore. Same period last year. The pharma major’s revenue from operations grew 18% to ₹2,303 Crore in Q4FY24, compared to…
Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), have announced a strategic alliance with Bajaj Finance, a leading player in India’s financial services sector. This partnership aims to revolutionize financing solutions for authorized passenger and electric vehicle (EV) dealerships. Under the terms of the Memorandum of Understanding (MoU), TMPV and TPEM will…
ITC Ltd on Thursday reported net profit of Rs 5,020.20 Crore for the March 2024 quarter, down 10% on year-on-year basis.The FMCG major had reported a net profit of Rs 5086.86 in the year-ago period. On a sequential basis, the bottom-line was marginally flat at Rs 5,572.07 in the December 2023, quarter.ITC’s revenue from operations…
In an ambitious initiative to tackle the growing concern of hypertension in India, Glenmark Pharmaceuticals Limited (Glenmark) concluded its ‘Hypertension Awareness Month’ this May. Partnering with over 1,000 healthcare professionals (HCPs) from 250+ cities and towns, the campaign organized more than 400 public awareness rallies and screening camps nationwide. These rallies featured informative sessions led…
Power Grid Corporation of India Limited (POWERGRID) on Wednesday announced its financial results for the fourth quarter (Q4) of the financial year 2024 (FY24) ending March 31, 2024.The state-owned company reported a nearly 4 per cent decline in its consolidated net profit to ₹4,166.33 Crore in the March quarter, mainly due to a marginal decline…
Paytm’s revenue from operations declined 2.8 percent year-on-year (YoY) to Rs 2,267.1 Crore from Rs 2,464.6 Crore in the same quarter of FY23.According to the company’s regulatory filing, fintech firm One97 Communications Ltd, owner of Paytm, has widened its loss to Rs 550 Crore in Q4FY22. The company had incurred a consolidated loss of Rs…
Data shared by the Ministry of Commerce and Industry on Monday showed that the maximum residue level (MRL) for EtO in Singapore was 50 mg/kg, while in the EU it was 0.02 to 0.01 mg/kg and in Japan it was 0.01.The Spices Board of India is carrying out inspections at several MDH and Everest processing…
