Sensex, Nifty Decline 1% Amid Increased Selling Pressure; Focus Shifts to Q4 Results

As India Inc begins to unveil its performance for Q4 and FY 24, anticipation mounts for stock-specific movements. TCS leads the pack, set to release its numbers post-market today. A widespread sell-off drove the Sensex and Nifty down by 1% on April 12. Investor sentiment waned following higher-than-anticipated US inflation figures, dimming hopes for a … Read more

Tech Mahindra Acquires Orchid Cybertech Services for $3.27 Million

Tech Mahindra has announced the acquisition of Orchid Cybertech Services (OCSI) for $3.27 million through a wholly-owned subsidiary. This move is aimed at strengthening Tech Mahindra’s relationship with TPG Telecom (TPG) and expanding its customer experience capabilities and business in the Philippines. The acquisition involves integrating OCSI, along with its assets and employees, into Tech … Read more

Bharti Airtel’s Q3FY24 Report: Consolidated Net Profit Surges 54% to Rs 2,442 Cr

In the third quarter of the fiscal year 2023-24, Bharti Airtel Ltd disclosed a remarkable 54% increase in consolidated net profit, reaching Rs 2,442 crore compared to Rs 1,588 crore in the corresponding period of the previous year. The company’s consolidated revenue witnessed a 6% rise, reaching Rs 37,900 crore in Q3FY24, although it faced … Read more

Tata Motors Q3 Net Profit Soars to Rs 7,025 Crore, Surpassing Estimates with Strong Sales Growth

Tata Motors reported a substantial increase in its consolidated net profit, reaching Rs 7,025 crore in the October-December quarter, marking a two-fold rise from Rs 2,957.71 crore in the same period the previous year. This surge was attributed to strong demand for both passenger and commercial vehicles in India, sustained growth in Jaguar Land Rover … Read more

ACC Reports Robust Q3 Results with Net Profit Surging Fivefold to Rs 538 Cr

Cement manufacturer ACC Ltd, a part of the Adani Group, has announced impressive financial results for the third quarter ending December 2023. The consolidated net profit witnessed a substantial increase of 375.10 percent, soaring to Rs 537.63 crore. This remarkable performance was attributed to the company’s revenue reaching Rs 4,914.36 crore, reflecting an 8.31 percent … Read more

Tata Steel Reports Q3 Profit Surge Driven by Strong Indian Demand, Falls Short of Estimates

Tata Steel Ltd has rebounded in the third quarter, reporting a consolidated net profit of Rs 522.14 crore, a significant turnaround from the net loss of Rs 2,501.95 crore in the same quarter last year. Robust domestic demand played a pivotal role in offsetting European weaknesses. The second quarter had seen a net loss of … Read more

Asian Paints Reports Strong Growth in December 2023: Consolidated Net Sales Up 5.4% YoY

Asian Paints recorded consolidated net sales of Rs 9,103.09 crore in December 2023, marking a 5.4% year-on-year increase. The quarterly figures for Asian Paints are as follows: As of January 17, 2024, Asian Paints shares closed at 3,242.30 on NSE, reflecting a -6.30% return over the last 6 months and a 10.25% return over the … Read more

HDFC Bank’s Robust Q3 Performance: Net Profit Soars 33.5% to INR 16,372 Crore; Asset Quality Remains Stable

HDFC Bank, a leading player in the Indian banking sector, has announced its impressive financial results for the third quarter of the fiscal year 2023-24, showcasing a substantial growth trajectory. Here’s a comprehensive overview of the key highlights from the Q3 report: 1. Stellar Net Profit Growth: 2. Net Interest Income (NII) Surge: 3. Asset … Read more

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