The insurer’s total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.Insurance giant LIC on Monday reported a marginal 2 % rise in net profit to Rs 13,763 Crore for the fourth quarter ended March 2024.The insurer…
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…
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…
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…
Brokerage firm Elara Securities has upgraded defense PSU stock Hindustan Aeronautics Limited (HAL) to ‘Buy’ from ‘Accumulate’. The company has upgraded Hindustan Aeronautics Limited (HAL) to ‘Buy’ from ‘Accumulate’. -Its net profit for the fourth quarter results (Q4 FY24) increased year-on-year to ₹4,308.7 crore. The brokerage firm has also raised the target price of the…
The United Nations has revised India’s growth projections for 2024, with the country’s economy now projected to grow about seven percent this year, driven mainly by strong public investment and resilient private consumption.“India’s economy is projected to grow by 6.9% in 2024 and 6.6% in 2025, driven mainly by strong public investment and resilient private…
Mumbai: Abans Holdings, a diversified financial services company, on Tuesday said it booked a consolidated net profit of Rs 89.2 crore during the financial year 2024 (FY24), compared to Rs 70 crore during the previous financial year, an increase of 27.4%. The company reported 18.6% growth in consolidated total income during FY2024 to Rs 1,380…
Petroleum-based lubricants used in internal combustion engines (ICEs) are being threatened by the growing trend of electric vehicles (EVs), which run on batteries instead of engines. Gulf Oil Lubricants India Limited, part of the Hinduja Group-owned Gulf Oil International, is a leading player in the domestic lubricants market and is valued at around Rs 4,500…
The percentage of promoters’ pledged stake declined from 1.17% in the October-December 2023 quarter to 1.1% in the March 2024 quarter, a report by Kotak Institutional Securities said. In the last quarter of FY24, promoters of 73 companies in the BSE-500 index have pledged part of their stake and the value of pledged promoter holdings…
