BUSINESS
Shriram Finance shares extend losses to fall 14% in two sessions as Q4FY25 misses estimates
Shriram Finance Share Price: The lender reported a standalone net profit of Rs 2,139.39 crore for Q4 FY25. Kotak Institutional Equities had estimated the company's profit at Rs 2,202 crore. Axis Securities and JM Financial too had estimated a higher net profit.
BUSINESS
Poonawalla Fincorp Q4 net profit tumbles 81% to Rs 62 crore, revenue up 27%
The company didn't declare any dividend, and said that it wishes to conserve capital in view of its future growth.
BUSINESS
Tata Tech's net profit rises 20% to Rs 189 crore in Q4, firm announces interim dividend, special dividend
Tata Technology announced a final dividend of Rs 8.35 per share and a one-time special dividend of Rs 3.35 per share. This takes the total dividend announced along with the Q4 results to Rs 11.70 per share.
BUSINESS
Hindustan Zinc Q4 net profit surges 47% to Rs 3,003 crore, revenue rises 20%
Hindustan Zinc’s operating margin also improved significantly to 42 percent, while net profit margin improved to 33 percent.
BUSINESS
Q4 Results impact: ACC, Cyient shares tumble 6% amid tepid March quarter earnings
Axis Capital cut the rating of ACC shares to 'Reduce' from 'Add', with a target price of Rs 2,050 apiece.
BUSINESS
L&T Tech Services Q4 net profit falls 9% to Rs 311 crore, IT firm declares final dividend of Rs 38
In its press release, the company said that its employee strength stood at 24,258 at the end of the quarter.
BUSINESS
Adani Energy Solutions Q4 net profit jumps 79% to Rs 647 crore, revenue rises 35%
Net profit margin improved significantly to 10.82 percent in Q4 FY25.
BUSINESS
Huge fire in BHEL's Bhopal unit, shares down 1% amid likely production impact
BHEL's Bhopal plant is among the oldest heavy electrical equipment manufacturing plants in the country.
BUSINESS
Lupin bags USFDA nod for Tolvaptan tablet, becomes exclusive first-to-file for the drug
Tolvaptan slows down the deterioration of kidney function in adults who are at risk of rapidly progressing autosomal dominant polycystic kidney disease (ADPKD).
BUSINESS
Samhi Hotels shares surge 11% as GIC set to acquire Rs 752-crore stake in firm's three subsidiaries
After the transaction closes, the company expects its debt to be reduced by nearly Rs 580 crore. This will have a positive impact of 15-20 percent on the company's net profit, Samhi added.
BUSINESS
Persistent shares jump 3% after Q4 net profit rises 25% to Rs 396 crore, firm declares Rs 15 dividend
For the fourth quarter of FY25, the company reported a Total Contract Value (TCV) of $517.5 million and Annual Contract Value (ACV) of $350.2 million.
BUSINESS
Small, midcap indices extend gaining streak to 7 days; here are the top gainers
The Nifty Midcap index closed 1.18 percent higher at 55,041, while Nifty Smallcap index ended the session with marginal gains at 16,969.75.
BUSINESS
Coforge, HCL Tech, Wipro, other IT shares jump up to 7% amid hopes of easing trade tensions
The IT index jumped 4%, contributing more than half of the benchmark index's gains. Indian IT companies get a substantial chunk of revenue from the US.
BUSINESS
Ahead of Q4 results, LTI Mindtree shares jump 5%, Bajaj Housing Finance in red, Tata Consumer sees choppy trade
LTI Mindtree is also expected to declare a final dividend for the previous financial year.
BUSINESS
Bank Nifty snaps six-day rally to slip 1.3% from day's high, Kotak Mahindra, HDFC Bank top laggards
The selloff comes a day after the bank index hit a record high of 55,961 for the first time, including several bank shares touching fresh highs. The fall in share prices may be driven by profit booking after the recent upmove.
BUSINESS
Waaree Energies shares surge 16% after Q4 profit jumps 34%, revenue up 36% on year
The company's EBITDA meanwhile jumped over 116 percent YoY to Rs 1,060 crore during the January-March quarter of financial year 2025.
BUSINESS
Honasa vs HUL: Ghazal Alagh calls out 'disparaging' sunscreen ad, Lakme responds
After a preliminary hiring on April 16, the Delhi High Court said that the Lakme ad appears to be 'disparaging' and has sought a response from Hindustan Unilever.
BUSINESS
Gensol and BluSmart promoter Anmol Singh Jaggi diverted EV loans to purchase a DLF Camellias flat: SEBI
'The promoters were running a listed public company as if it were a propriety firm. The company's funds were used for unconnected expenses, as if the company's funds were promoters' piggybank,' says SEBI
BUSINESS
Nifty Bank extends gains for 3rd straight session; Federal Bank, BoB, PNB shares surge up to 2%
The moderation in both headline and core inflation strengthens the case for a potential policy rate cut, said Mahendra Patil frokm MP Financial Advisory Services LLP
BUSINESS
IREDA Q4 Results: Net profit surges 49% to Rs 502 crore, revenue up 37%
The PSU company's revenue from operations meanwhile surged nearly 37 percent to Rs 1,905.06 crore.
BUSINESS
GM Breweries Q4 net profit falls 30% to Rs 60 crore, declares Rs 7.5 dividend
While the company's net profit tumbled, its revenue from operations increased over 6 percent YoY to Rs 663 crore in Q4 FY25.
BUSINESS
Swiggy launches 'Pyng' app to cater to 'unmet demand' of professional services
The app will help connect customers to verified professions including health & wellness experts, financial advisors, astrologers and spiritual experts, event planners and entertainers, travel and lifestyle experts and education and skill trainers.
WORLD
Mehul Choksi arrested: When the fugitive was 'abducted' to Dominica after being honeytrapped
In 2021, Choksi was detained in Dominica, while allegedly attempting to flee to Cuba by boat. However, his lawyers claimed that he was forcibly abducted from Antigua and taken to Dominica, after being honeytrapped by a woman.
BUSINESS
PNB fraud co-accused Mehul Choksi arrested: Timeline of events since the scam was uncovered
The 65-year-old businessman who is a prime accused in the Rs 13,000 crore Punjab National Bank (PNB) fraud is likely to be extradited to India.
