Adani Green Energy Eyes $1.8 Billion Loan from International Lenders
Adani Green Energy, a renewable energy company owned by Gautam Adani, is currently in discussions with a consortium of international lenders for a potential loan of up to $1.8 billion, according to anonymous sources cited by Bloomberg. The funds from …
Adani Group’s Airport Division Reports Strong Revenue Growth in Q2 FY24
In Q2 FY24, Adani Enterprises’ airport division has experienced remarkable revenue growth, securing its position as the third-largest revenue contributor within the Adani Group. This data, as per the official exchange filing, reflects revenue figures of Rs 1,905.47 crore during …
Cholamandalam Investment and Finance Reports 35% Surge in Net Profit
Cholamandalam Investment and Finance Company Achieves Impressive 35% Profit Growth in Q2 Cholamandalam Investment and Finance Company, a leading non-banking entity, has reported strong financial results for the second quarter of the current year. The company’s profit after tax for …
Q2 Results: Insights from Brokerages on Zomato, IndiGo, and Titan Company
Multiple companies are set to reveal their results for the quarter ending on September 30, 2023. Among these companies are Titan Company Ltd, Zomato Ltd, and InterGlobe Aviations Ltd (IndiGo). Various brokerage firms have put forth their expectations for these …
Sensex and Nifty Rally on Strong Q2 Earnings; Tata Motors Soars
The benchmark stock market indices continued their positive momentum for a second consecutive trading session on Friday, driven by robust corporate earnings and a favorable global outlook following the US Federal Reserve’s decision to maintain unchanged interest rates. As of …
Indian Markets Close Lower: Nifty Below 19,000, Sensex Drops 284 Points; Adani Enterprises Slides 3%, While Blue Star Surges 8%
Domestic equity markets continued their decline for the second consecutive session and settled lower on Wednesday. The monetary policy outcome by the US Federal Reserve kept traders on edge as they anticipated the possibility of higher interest rates being maintained …
October Sees Nearly 22% Surge in Power Consumption
In October, the country experienced a substantial surge in electricity consumption, marking a nearly 22 percent increase to 138.94 billion units (BU). This heightened demand for electricity is a result of festive celebrations and increased economic activities. In comparison, during …
Godrej Consumer Products Q2 Earnings: 21% Rise in Net Profit to Rs 433 Crore, Aligns with Analyst Predictions
Godrej Consumer Products Announces Q2 Results: Net Profit of Rs 433 Crore Meets Expectations, Revenue Up 6.2% YoY Mumbai-based FMCG company, Godrej Consumer Products, reported a consolidated net profit of Rs 433 crore for the July-September quarter, aligning with analysts’ …
7th Pay Commission: Uttar Pradesh Set to Increase DA for State Employees – What’s the Salary Boost?
The Uttar Pradesh government is considering a 4% hike in dearness allowance (DA) for its employees, following the lead of the Central government and other states. This proposal awaits approval from Chief Minister Yogi Adityanath. If approved, it will benefit …
Hero MotoCorp’s Q2 Performance: Standalone Profit Surges 47%, Revenue Up 4% in September Quarter
Hero MotoCorp’s second-quarter results, announced on November 1, 2023, exceeded Zee Business research estimates, showcasing significant growth. The company reported a remarkable 47.2% increase in its standalone profit after tax (PAT) and a 4% rise in revenue from operations year-on-year …