Category: News All

  • 15 Aug

    TVS Supply Chain Solutions Secures Rs 396 Crore in Anchor Investment Ahead of IPO

    TVSSCS is a well-managed company with a strong track record of growth and a bright future. The IPO is a good opportunity for investors to participate in the growth of the Indian 3PL market.

  • 15 Aug

    Downgrades Outpace Upgrades as Q1 Earnings Disappoint

    nvestors have been disappointed by the first quarter earnings reports of major companies, leading to a wave of downgrades from analysts. In the past month, there have been more downgrades than upgrades for the S&P 500 index, a rare occurrence that signals growing concern about the economic outlook. Some of the biggest downgrades have come

  • 15 Aug

    Schneider Electric Infrastructure Reports 32% Increase in Q1 Net Profit

    Schneider Electric Infrastructure Ltd. (SEIL), a subsidiary of Schneider Electric, reported strong financial results for the quarter ended June 30, 2023. The company’s net profit increased by 32% to ₹35 crore, while revenue rose by 16% to ₹536.9 crore. The increase in profit was driven by higher revenues from SEIL’s core businesses, including electrical and

  • 15 Aug

    RTX Faces Lawsuit from Investors over Allegations of Misrepresenting GTF Engine Problems

    RTX Corp, the supplier of geared turbofan (GTF) engines, is facing a lawsuit from its investors who allege that the company misled them about the problems with the engines. The lawsuit was filed in the United States District Court for the District of Connecticut by law firm Bernstein Liebhard LLP. The investors allege that RTX

  • 15 Aug

    Zee Entertainment Eyes Gradual Recovery in Ad Spends

    Zee Entertainment Enterprises Ltd. (ZEEL), one of India’s largest media companies, is expecting a gradual recovery in ad spends in the second half of the financial year 2023-24. The company is pinning its hopes on the festive season to boost ad revenues. ZEEL’s ad revenues declined by 2.6% year-on-year to ₹901.8 crore in the June

  • 15 Aug

    V-Mart Retail Posts Net Loss of INR 21.9 Crore in Q1 FY23, Revenue Up 15.4%

    V-Mart Retail's Q1 results were mixed. The company reported a net loss due to the one-time cost of acquisition of Limeroad, but its underlying business is profitable. The company is confident of returning to profitability in the next few quarters, and its long-term growth prospects are positive.

  • 15 Aug

    BLS International Reports Strong Q1 Results

    BLS International, a visa and immigration services provider, reported strong financial results for Q1 FY23. Net profit more than doubled to Rs 71 crore, revenue from operations increased by 30.7% to Rs 390.51 crore. Strong growth in visa and immigration services, as well as digital services, drove the results. The company is well-positioned to continue to grow in the coming years, both in India and overseas.

  • 15 Aug

    Top 15 things to know before the opening bell on Thursday

    The Indian stock market is likely to open lower on Thursday, tracking losses in global markets. Investors will be closely watching developments in the US-China trade war and the potential for a global recession. The rupee is also likely to remain weak against the dollar. Investors will also be closely watching data on industrial production and retail inflation for June.

  • 15 Aug

    Reliance Power Q1 net loss widens to Rs 296 crore, on lower power generation, higher fuel costs

    Reliance Power's net loss widened to Rs 296 crore in Q1 FY24, due to lower power generation, higher fuel costs, and forex losses. The company is taking steps to improve its financial performance, including reducing costs, increasing power generation, and selling non-core assets

  • 15 Aug

    CapitaLand launches $525 million India fund to invest in business parks

    CapitaLand, a Singapore-based real estate investment firm, is launching a new India fund to invest in business parks. The fund has a target fund size of $525 million and will focus on investing in Grade A business parks in prime locations across gateway cities in India. The fund is well-positioned to capitalize on the long-term growth of the Indian economy and generate attractive returns for its investors.