Sensex ends flat in choppy trade; Metals gain; Asian Paints dips 4%, ITC 2%

CLOSING BELL ON JULY 25, 2023: The NSE Nifty ended 8 points higher; Tata Steel and JSW Steel were the major gainers on Tuesday.

1:32 PM

ALERT:: Asian Paints Q1 net jumps 52%; stock down 4%

Asian Paints today reported a 52 per cent surge in Q1 consolidated net profit at Rs 1,574.84 crore for the quarter ended June 2023 when compared with Rs 1,036.03 crore in the corresponding quarter a year ago. Total income was up 7.7 per cent YoY at Rs 9,379.38 crore.

1:21 PM

Low-cost carrier SpiceJet taken off DGCA's enhanced surveillance regime

Aviation regulator the Directorate General of Civil Aviation (DGCA) on Tuesday removed Indian airline SpiceJet from its enhanced surveillance regime, news agency PTI reported citing a senior official. READ MORE

1:10 PM

Asian Market Update:: Hang Seng soars 4%; Shanghai 2%

Source: Yahoo Finance

12:58 PM

Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition

Ambuja-ACC, JK Lakshmi Cement, and UltraTech are the top three cement players in Gujarat, the region from where Sanghi Cement generates a significant portion of its revenues. READ MORE

12:51 PM

Gravita India's Q1 net profit grows 18% to Rs 52.55 cr, total income jumps

Recycling company Gravita India has posted around 18 per cent jump in consolidated net profit at Rs 52.55 crore in the April-June quarter of 2023-24 on account of higher income. READ MORE

12:38 PM

Airtel Business first enterprise to link over 20 million IoT devices

Airtel Business's integrated IoT platform offers customised solutions for each IoT requirement of enterprises across 5G, 4G, narrowband-IoT (NBIoT), 2G, and satellite. READ MORE

12:27 PM

Jyothy Labs zooms 19% on strong operational performance in June quarter

EBITDA margins for the quarter improved 710 bps to 17.1 per cent against 10 per cent in a year ago quarter, due to moderating input costs. READ MORE

12:17 PM

Land spinoff holds up $232 million BEML privatisation deal: Reports

The Indian government is looking to sell 26% out of the total 54% stake it holds in the company along with a transfer of management control. READ MORE

12:05 PM

HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan

The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago. READ MORE

11:49 AM

SRF hits 52-week low, slips 4% intra-day as Q1 PAT falls 41% from year ago

The management said the significant drop in profit was mainly due to the expected downcycle of the packaging films business and is expected to continue for the medium-term. READ MORE

11:40 AM

TVS Credit Services reports 40.9% jump in Q1 net profit, total income up

Non-banking financial company TVS Credit Services Ltd has reported a 40.9 per cent rise on its net profit for the quarter ending June 30,2023 at Rs 117 crore, the company said on Tuesday. READ MORE

11:37 AM

ALERT :: DGCA removes Spicejet from enhanced surveillance regime, say reports

DGCA says 

 

>> Have conducted 51 spot checks across 11 locations on SpiceJet Boeing 737 & Q-400

>> There were 95 observations & suitable maintenance action has been taken by airline 
 

11:30 AM

Sharda Cropchem slips 7%, hits 3-month low on disappointing Q1 results

The company said raw material and finished goods sales price have reduced substantially. This has led to a stock revaluation as per Accounting Policy and has impacted the gross profit and profitability to the tune of Rs 71 crore. READ MORE

11:21 AM

ALERT :: Kiri Industries files enforcement proceedings in Singapore Court against Senda International Capital

Check details here

11:13 AM

Q1 Earnings :: Jyothy Labs' net profit rises to Rs 96.3 crore vs Rs 48.5 crore YoY

>> Cons Ebitda at Rs 117 crore vs Rs 59.8 crore YoY 

>> Ebitda margin at 17.09% vs 10.02%