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moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/texmo-pipes-consolidated-september-2024-net-sales-at-rs-63-99-crore-down-47-85-y-o-y-12878558.html

Texmo Pipes Consolidated September 2024 Net Sales at Rs 63.99 crore, down 47.85% Y-o-Y

Reported Consolidated quarterly numbers for Texmo Pipes and Products are: Net Sales at Rs 63.99 crore in September 2024 down 47.85% from Rs. 122.69 crore in September 2023. Quarterly Net Profit at Rs. 2.54 crore in September 2024 up 169.08% from Rs. 0.94 crore in September 2023. EBITDA stands at Rs. 5.93 crore in September 2024 down 3.42% from Rs. 6.14 crore in September 2023. Texmo Pipes EPS has increased to Rs. 0.50 in September 2024 from Rs. 0.32 in September 2023. Texmo Pipes shares closed at 66.05 on November 26, 2024 (NSE) and has given -17.90% returns over the last 6 months and -10.38% over the last 12 months.

2024-11-28 11:59

2024-11-28

11:59

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/prima-plastics-consolidated-september-2024-net-sales-at-rs-43-60-crore-down-6-56-y-o-y-12878555.html

Prima Plastics Consolidated September 2024 Net Sales at Rs 43.60 crore, down 6.56% Y-o-Y

Reported Consolidated quarterly numbers for Prima Plastics are: Net Sales at Rs 43.60 crore in September 2024 down 6.56% from Rs. 46.66 crore in September 2023. Quarterly Net Profit at Rs. 2.80 crore in September 2024 down 42.65% from Rs. 4.87 crore in September 2023. EBITDA stands at Rs. 3.86 crore in September 2024 down 43.48% from Rs. 6.83 crore in September 2023. Prima Plastics EPS has decreased to Rs. 2.54 in September 2024 from Rs. 4.43 in September 2023. Prima Plastics shares closed at 154.05 on November 27, 2024 (BSE) and has given -16.09% returns over the last 6 months and -18.71% over the last 12 months.

2024-11-28 11:59

2024-11-28

11:59

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/rama-petrochem-consolidated-september-2024-net-sales-at-rs-0-03-crore-down-79-76-y-o-y-12878561.html

Rama Petrochem Consolidated September 2024 Net Sales at Rs 0.03 crore, down 79.76% Y-o-Y

Reported Consolidated quarterly numbers for Rama Petrochemicals are: Net Sales at Rs 0.03 crore in September 2024 down 79.76% from Rs. 0.14 crore in September 2023. Quarterly Net Loss at Rs. 1.71 crore in September 2024 down 342.25% from Rs. 0.39 crore in September 2023. EBITDA stands negative at Rs. 0.30 crore in September 2024 down 3.45% from Rs. 0.29 crore in September 2023. Rama Petrochem shares closed at 9.48 on November 25, 2024 (BSE)

2024-11-28 11:59

2024-11-28

11:59

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/jindal-polyfilm-consolidated-september-2024-net-sales-at-rs-1310-97-crore-up-26-84-y-o-y-12878559.html

Jindal PolyFilm Consolidated September 2024 Net Sales at Rs 1,310.97 crore, up 26.84% Y-o-Y

Reported Consolidated quarterly numbers for Jindal Poly Films are: Net Sales at Rs 1,310.97 crore in September 2024 up 26.84% from Rs. 1,033.54 crore in September 2023. Quarterly Net Profit at Rs. 116.61 crore in September 2024 up 857.36% from Rs. 12.18 crore in September 2023. EBITDA stands at Rs. 351.09 crore in September 2024 up 207.81% from Rs. 114.06 crore in September 2023. Jindal PolyFilm EPS has increased to Rs. 26.63 in September 2024 from Rs. 2.78 in September 2023. Jindal PolyFilm shares closed at 873.70 on November 26, 2024 (NSE) and has given 69.62% returns over the last 6 months and 40.69% over the last 12 months.

2024-11-28 11:59

2024-11-28

11:59

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/ok-play-consolidated-september-2024-net-sales-at-rs-37-94-crore-down-5-86-y-o-y-12878556.html

OK Play Consolidated September 2024 Net Sales at Rs 37.94 crore, down 5.86% Y-o-Y

Reported Consolidated quarterly numbers for OK Play India are: Net Sales at Rs 37.94 crore in September 2024 down 5.86% from Rs. 40.31 crore in September 2023. Quarterly Net Profit at Rs. 0.28 crore in September 2024 down 31.61% from Rs. 0.41 crore in September 2023. EBITDA stands at Rs. 8.33 crore in September 2024 up 3.74% from Rs. 8.03 crore in September 2023. OK Play EPS has decreased to Rs. 0.01 in September 2024 from Rs. 0.16 in September 2023. OK Play shares closed at 11.84 on November 27, 2024 (BSE) and has given -9.76% returns over the last 6 months and -24.35% over the last 12 months.

2024-11-28 11:59

2024-11-28

11:59

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/platinum-ind-consolidated-september-2024-net-sales-at-rs-99-64-crore-up-63-59-y-o-y-12878562.html

Platinum Ind Consolidated September 2024 Net Sales at Rs 99.64 crore, up 63.59% Y-o-Y

Reported Consolidated quarterly numbers for Platinum Industries are: Net Sales at Rs 99.64 crore in September 2024 up 63.59% from Rs. 60.91 crore in September 2023. Quarterly Net Profit at Rs. 14.27 crore in September 2024 up 23.33% from Rs. 11.57 crore in September 2023. EBITDA stands at Rs. 20.75 crore in September 2024 up 23.88% from Rs. 16.75 crore in September 2023. Platinum Ind EPS has decreased to Rs. 2.60 in September 2024 from Rs. 2.87 in September 2023. Platinum Ind shares closed at 431.80 on November 26, 2024 (NSE)

2024-11-28 11:58

2024-11-28

11:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/shivalik-rasa-consolidated-september-2024-net-sales-at-rs-82-44-crore-up-22-96-y-o-y-12878565.html

Shivalik Rasa Consolidated September 2024 Net Sales at Rs 82.44 crore, up 22.96% Y-o-Y

Reported Consolidated quarterly numbers for Shivalik Rasayan are: Net Sales at Rs 82.44 crore in September 2024 up 22.96% from Rs. 67.05 crore in September 2023. Quarterly Net Profit at Rs. 4.01 crore in September 2024 up 113.18% from Rs. 1.88 crore in September 2023. EBITDA stands at Rs. 12.12 crore in September 2024 up 18.59% from Rs. 10.22 crore in September 2023. Shivalik Rasa EPS has increased to Rs. 2.58 in September 2024 from Rs. 1.26 in September 2023. Shivalik Rasa shares closed at 587.90 on November 26, 2024 (NSE) and has given -3.89% returns over the last 6 months and -12.08% over the last 12 months.

2024-11-28 11:58

2024-11-28

11:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/aimco-pesticide-consolidated-september-2024-net-sales-at-rs-55-33-crore-down-31-26-y-o-y-12878567.html

Aimco Pesticide Consolidated September 2024 Net Sales at Rs 55.33 crore, down 31.26% Y-o-Y

Reported Consolidated quarterly numbers for Aimco Pesticides are: Net Sales at Rs 55.33 crore in September 2024 down 31.26% from Rs. 80.48 crore in September 2023. Quarterly Net Loss at Rs. 1.06 crore in September 2024 down 181.24% from Rs. 1.30 crore in September 2023. EBITDA stands at Rs. 0.32 crore in September 2024 down 90.59% from Rs. 3.40 crore in September 2023. Aimco Pesticide shares closed at 95.60 on November 27, 2024 (BSE) and has given -7.54% returns over the last 6 months and -25.86% over the last 12 months.

2024-11-28 11:58

2024-11-28

11:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/3b-blackbio-dx-consolidated-september-2024-net-sales-at-rs-29-15-crore-up-52-y-o-y-12878566.html

3B BlackBio Dx Consolidated September 2024 Net Sales at Rs 29.15 crore, up 52% Y-o-Y

Reported Consolidated quarterly numbers for 3B BlackBio Dx are: Net Sales at Rs 29.15 crore in September 2024 up 52% from Rs. 19.18 crore in September 2023. Quarterly Net Profit at Rs. 14.65 crore in September 2024 up 86.47% from Rs. 7.85 crore in September 2023. EBITDA stands at Rs. 19.61 crore in September 2024 up 86.05% from Rs. 10.54 crore in September 2023. 3B BlackBio Dx EPS has increased to Rs. 17.35 in September 2024 from Rs. 8.86 in September 2023. 3B BlackBio Dx shares closed at 1,625.90 on November 27, 2024 (BSE) and has given 101.95% returns over the last 6 months and 129.66% over the last 12 months.

2024-11-28 11:58

2024-11-28

11:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/kama-holdings-consolidated-september-2024-net-sales-at-rs-3451-86-crore-up-7-66-y-o-y-12878563.html

Kama Holdings Consolidated September 2024 Net Sales at Rs 3,451.86 crore, up 7.66% Y-o-Y

Reported Consolidated quarterly numbers for Kama Holdings are: Net Sales at Rs 3,451.86 crore in September 2024 up 7.66% from Rs. 3,206.15 crore in September 2023. Quarterly Net Profit at Rs. 103.64 crore in September 2024 down 31.26% from Rs. 150.78 crore in September 2023. EBITDA stands at Rs. 578.34 crore in September 2024 down 12.5% from Rs. 660.94 crore in September 2023. Kama Holdings EPS has decreased to Rs. 32.30 in September 2024 from Rs. 234.92 in September 2023. Kama Holdings shares closed at 2,555.05 on November 27, 2024 (BSE) and has given 2.48% returns over the last 6 months and -11.91% over the last 12 months.

2024-11-28 11:58

2024-11-28

11:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/polychem-consolidated-september-2024-net-sales-at-rs-7-41-crore-down-38-44-y-o-y-12878564.html

Polychem Consolidated September 2024 Net Sales at Rs 7.41 crore, down 38.44% Y-o-Y

Reported Consolidated quarterly numbers for Polychem are: Net Sales at Rs 7.41 crore in September 2024 down 38.44% from Rs. 12.03 crore in September 2023. Quarterly Net Loss at Rs. 0.46 crore in September 2024 down 130.62% from Rs. 1.51 crore in September 2023. EBITDA stands at Rs. 0.17 crore in September 2024 down 92.7% from Rs. 2.33 crore in September 2023. Polychem shares closed at 2,547.85 on November 27, 2024 (BSE) and has given -17.20% returns over the last 6 months and 3.25% over the last 12 months.

2024-11-28 11:58

2024-11-28

11:58

moneycontrol.com

https://www.moneycontrol.com/news/india/india-tests-nuclear-capable-ballistic-missile-k-4-from-ins-arighaat-reports-12878512.html

India tests nuclear-capable ballistic missile K-4 from INS Arighaat: Sources

India has tested nuclear-capable submarine-launched ballistic missile from newly-commissioned INS Arighaat off Vishakhapatnam coast, latest media reports say. According to reports, the testing was of K-4 missile, a solid-fueled SLBM, which has a target range of 3,500 km. While there are multiple media reports, the Ministry of Defence, DRDO or the Indian Navy has not released an official statement on the matter so far. According to an update by news agency ANI, the test was carried out by the Indian Navy off a coast in Vishakhapatnam in Bay of Bengal. Results of the test are being analysed by the defence officials, ANI added. This is the first time that the SLBM has been tested from INS Arighaat. Before this, the officials have been testing the missile from submersible pontoons so far, a Times of India report said. The reports of the missile test come days after New Delhi issued a public notice - NOTAM- for a range missile test in Bay of Bengal. "The test of the ballistic missile was done for the full range. The details are being analysed and the top military and political brass would be briefed by officials concerned on the exact details after complete analysis," ANI said while quoting defence sources.

2024-11-28 11:54

2024-11-28

11:54

moneycontrol.com

https://www.moneycontrol.com/news/business/nclt-appoints-satish-kumar-gupta-as-liquidator-of-jet-airways-12878535.html

NCLT appoints Satish Kumar Gupta as liquidator of Jet Airways

NCLT appoints Satish Kumar Gupta as liquidator of Jet Airways.Related stories.

The National Company Law Tribunal on November 27 appointed Satish Kumar Gupta as liquidator of the grounded airlineJet Airways. In its order, NCLT stated, "The Corporate Debtor, Jet Airways India Limited, shall be liquidated in the manner as laid down in Chapter-III of the Insolvency and Bankruptcy Code, 2016." "The Liquidator shall endeavour to sale the Company as a going concern during the liquidation in terms of Regulation 32A of the Liquidation Process Regulations. In case he is not able to do so within a period of 90 days from this date, he shall proceed in accordance with clauses relevant to liquidation process regulations," the order further stated. Earlier this month, the Supreme Court ordered the grounded airline's liquidation, forfeiture of Rs 200 crore infused by successful bidder Jalan Kalrock Consortium and permitted the lenders led by SBI to encash Rs 150 crore performance bank guarantee. Invoking its extraordinary powers under Article 142 of the Constitution, a bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra put the curtains down on the insolvency proceedings of the airlines by setting aside the order of the National Company Law Appellate Tribunal (NCLAT). The bench termed the case as an “eye opener” and rapped NCLAT for allowing adjustment of performance bank guarantee (PBG) in view of payment of the first tranche by Jalan Kalrock Consortium (JKC). Insolvency appellate tribunal NCLAT had allowed JKC to take over Jet Airways without fully complying with its payment obligations, it observed. This story will be updated

2024-11-28 11:53

2024-11-28

11:53

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/nuvama-upgrades-wipro-to-buy-on-turnaround-potential-sees-20-upside-12878454.html

Nuvama upgrades Wipro to 'Buy' on turnaround potential; sees 20% upside

Wipro Ltd.Related stories.

Nuvama Institutional Equities has upgradedWiproto 'Buy' from 'Hold,' raising the target price to Rs 700 from Rs 520, citing the company's favourable portfolio mix, new leadership under CEO Srini Pallia, and attractive valuations that offer a compelling risk-reward profile. The brokerage's target price implies an upside potential of 20 percent for the IT player's shares from their previous close. At 11:10 AM, Wipro's shares traded 1.6 percent lower at Rs 573. The stock has gained 20 percent year-to-date, outperforming the Nifty 50, which rose 11 percent during the same period. Wipro has also delivered consistent monthly gains since June 2024. Wipro's high exposure to discretionary spending, which makes up 60–65 percent of its revenue, positioned it as a laggard when these spends were cut or put on hold over the last few quarters. However, Nuvama believes this could now work to its advantage. "Following the interest rate cut by the Fed in Sep-24 and improving macro dynamics in US, we expect discretionary spends to revive—in turn benefitting Wipro," the brokerage said. Follow our live blog for all the market action Wipro's consulting arm, Capco, has shown growth for the past two quarters, with positive commentary from peers like Accenture validating this recovery. Additionally, Wipro's presence in BFSI, which accounts for 34 percent of its revenue, is expected to benefit from an uptick in tech spending by financial institutions. "Commentary of peers such s Accenture, TCS and Infosys, not to mention those of large US banks (JP Morgan, Citi) on incremental tech spends, allude to a recovery in BFSI—which should again benefit Wipro more than peers," Nuvama pointed out. Nuvama said that Wipro's appointment of Srini Pallia as CEO in April 2024 has brought a wave of optimism. An internal candidate after 14 years of external hires, Pallia has instilled confidence within the organisation. Pallia has reinvigorated the workforce to focus on two key goals—maintaining margins above 16 percent and matching industry growth quickly. Also Read |IT index slides over 1% as US inflation data signals slower rate cuts Wipro's consolidated net profit for Q2 FY25 rose by nearly 7 percent quarter-on-quarter to Rs 3,209 crore, surpassing Moneycontrol's estimate of Rs 3,011 crore. Revenue from operations increased by 1.5 percent QoQ to Rs 22,302 crore, beating Moneycontrol's forecast of Rs 22,219 crore. For the December quarter, Wipro expects IT Services revenue to range between $2,607 million and $2,660 million, implying a sequential guidance of (-)2.0 percent to 0.0 percent in constant currency terms. This marks a downward revision from the September quarter's forecast, which allowed for a revenue change of up to 1 percent in either direction.

2024-11-28 11:52

2024-11-28

11:52

moneycontrol.com

https://www.moneycontrol.com/news/india/decoded-rahul-gandhis-citizenship-row-and-parallel-proceedings-at-two-high-courts-12878503.html

Decoded: Rahul Gandhi’s citizenship row and ‘parallel proceedings’ at two High Courts

The Delhi High Court expressed reluctance to entertain two parallel cases on the same issue and asked Shishir to submit an affidavit to clarify any overlap..Related stories.

The Allahabad High Court has instructed the central government to take a decision by December 19 on a petition against Congress leader Rahul Gandhi. The petition claims that Gandhi hid his British citizenship while contesting the parliamentary election from Raebareli earlier this year. The petition also asks the CBI to investigate the matter, arguing that Gandhi’s alleged dual citizenship violates Indian laws, including the Bharatiya Nyaya Sanhita and the Passport Act. What does the PIL say?Karnataka BJP worker S. Vignesh Shishir, who filed the petition, claims to have documents and emails from the British government proving that Gandhi holds British citizenship. This, according to Shishir, makes Gandhi ineligible to run for office in India or be a member of the Lok Sabha. Shishir stated that he had already submitted two representations to the Home Ministry about Gandhi’s dual citizenship but received no response. As a result, he took the matter to court. This petition was filed after the dismissal of an earlier plea, where the court had asked Shishir to approach the competent authority under Section 9(2) of the Citizenship Act, 1955, as allowed by law. Do Not Miss |Rahul Gandhi citizenship PIL: Centre tells Allahabad HC it needs more time to act How the controversy sparked off?This petition follows an earlier case heard by the Delhi High Court concerning Gandhi's citizenship. BJP leader Subramanian Swamy filed a plea in 2019, claiming Gandhi could not hold both British and Indian citizenship. The Home Ministry issued a notice to Gandhi based on Swamy's complaint, but Swamy later accused the Ministry of inaction and approached the Delhi High Court for updates. ‘Parallel proceedings’ On November 6, Vignesh Shishir raised concerns in the Delhi High Court that the case involving Swamy and his citizenship plea could lead to “parallel proceedings” in multiple courts. Also Read |'Under consideration': Home Ministry on HC's direction to determine Rahul Gandhi's alleged dual citizenship A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela expressed its concern that adjudicating the matter may lead to “two parallel proceedings” over the same issues. The bench stated that the prayers in the Allahabad petition were broad and encompassed similar issues. However, Swamy argued that his case focused only on proving Gandhi’s British citizenship, while Shishir’s petition sought criminal action against Gandhi.Swamy argued in court, “Don’t be parasitical and say the prayers are similar and hang on to us. It is clear he cannot be a citizen of two countries; we have proved it through the documents where he claims to be a citizen of Britain as well as of India.” The Delhi High Court expressed reluctance to entertain two parallel cases on the same issue and asked Shishir to submit an affidavit to clarify any overlap. Does India allow dual citizenship? India does not permit dual citizenship. An Indian citizen cannot hold citizenship in another country. While the Overseas Citizenship of India (OCI) program allows certain privileges, those holding an OCI card cannot vote, run for elections, or hold constitutional posts like the President, Vice-President, or judges of the Supreme Court or High Courts.

2024-11-28 11:47

2024-11-28

11:47

moneycontrol.com

https://www.moneycontrol.com/news/business/personal-finance/retirement-planning-tips-how-to-ensure-financial-security-for-your-golden-years-12878524.html

Retirement planning tips: How to ensure financial security for your golden years

Retirement planning tips.

Planning for retirement is one of the most crucial aspects of financial well-being. A secure retirement ensures you can enjoy your golden years without financial stress, allowing you to focus on health, hobbies, and family. Whether you’re decades away or nearing retirement, the right strategies can help you achieve financial security. Here are some essential tips to get retirement-ready. 1. Start saving early The earlier you start saving, the more time your money has to grow. Compound interest can work wonders for your retirement fund, turning small, consistent contributions into a significant nest egg over time. Consider opening a Public Provident Fund (PPF) or Employees’ Provident Fund (EPF) account to benefit from long-term growth and tax exemptions. Tip: Aim to save at least 15–20% of your income for retirement. 2. Invest wisely Savings alone won’t suffice for retirement; smart investments are crucial. Build a diversified portfolio with a mix of equity, fixed income, and real estate to balance risk and returns. Look into National Pension Scheme (NPS) or Mutual Fund Retirement Plans to secure a steady post-retirement income. Tip: Opt for systematic investment plans (SIPs) in mutual funds for disciplined equity exposure. 3. Build an emergency fund Unplanned expenses can derail your financial plans. An emergency fund with 6–12 months’ worth of living expenses is essential to cover unforeseen medical or personal emergencies. Tip: Keep this fund liquid by parking it in a high-interest savings account or a short-term fixed deposit. 4. Prioritize health insurance Medical expenses often escalate with age, and a comprehensive health insurance plan can protect your savings from being wiped out by unexpected costs. Tip: Buy health insurance early to lock in lower premiums and ensure adequate coverage for hospitalization, critical illness, and post-retirement care. 5. Plan for inflation The cost of living rises over time, and failing to account for inflation can leave you underprepared. Ensure your savings and investments outpace inflation rates. Tip: Choose investment avenues like equity funds, which typically provide inflation-beating returns over the long term. 6. Pay off debt Carrying debt into retirement can strain your finances. Work on clearing high-interest liabilities such as credit cards or personal loans before retiring. Tip: Consider refinancing high-interest loans for lower rates to ease repayment. 7. Create a retirementbudget Understand your retirement lifestyle and calculate how much money you’ll need to sustain it. Include living expenses, medical costs, travel, and leisure activities in your budget. Tip: Use online retirement calculators to estimate your future needs. 8. Explore passive income sources Building passive income streams like rental properties, dividend-paying stocks, or annuities can provide financial stability post-retirement. Tip: Start investing in passive income-generating assets well before retirement to let them mature. 9. Secure estate planning Estate planning ensures your assets are distributed according to your wishes, avoiding legal hassles for your loved ones. Tip: Draft a will, set up trusts if necessary, and ensure your nominee details are up-to-date in all financial accounts. 10. Consult a financial advisor Retirement planning can be complex, and professional guidance can help you make informed decisions tailored to your goals and risk tolerance. Tip: Meet with a certified financial planner annually to review your progress and adjust your plan if necessary. A comfortable and secure retirement requires consistent planning, disciplined savings, and smart investments. Start early, focus on diversifying your income sources, and account for future needs like healthcare and inflation.

2024-11-28 11:43

2024-11-28

11:43

moneycontrol.com

https://www.moneycontrol.com/news/india/biju-patnaik-airport-in-odisha-announces-flights-to-5-new-destinations-from-2025-12878495.html

Biju Patnaik airport in Odisha announces flights to 5 new destinations from 2025

Air India Express will commence flights from Bhubaneswar to Lucknow and Jaipur three days a week.

The Biju Patnaik International Airport here on Thursday announced introduction of flight services to at least five new destinations from 2025. An airport official said IndiGo will introduce flights to Indore four days a week and to Dehradun three days a week from January 1, 2025. The scheduled departure time for these flights from Bhubaneswar will be 3 PM. Air India Express will commence flights from Bhubaneswar to Lucknow and Jaipur three days a week along with daily flights to Cochin from January 3 next year, he said. The airport authorities also planned to commence new flights to Bengaluru from January 4, the official added.

2024-11-28 11:43

2024-11-28

11:43

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/dm-will-outperform-in-2025-says-jpm-private-bank-but-these-em-promise-solid-returns-12878429.html

Developed markets will outperform in 2025, says JPMorgan Private Bank, but these emerging economies promise solid returns

Going into 2025, JPMorgan Private Bank sees increased volatility in fixed income markets and a rebound in deal making..Related stories.

JPMorgan Private Bank believes 2025 will see developed markets outperform EM equities, however, regions like India, Taiwan, Indonesia and Mexico could deliver solid returns for investors. While the EM economies have seen strong economic growth, on an average growing the nominal GDP by 4.3% in local currency since 2009 compared to 1.7% by developed market peers, the local equity index returns have lagged in many markets, JPM Bank said in a note prepared by its Global Investment Strategy Group. "While economic growth has been strong across a number of countries, many domestic companies have not seen their profits grow. One of the most glaring examples is China, where earnings have been flat over the past 10 years despite strong economic growth," it said. Within the EM pack, JPM Private Bank's note lays down a combination of three factors that forms its framework for investing, namely, a large private sector, economies where companies generate higher EPS returns, and nations with strong and growing export industries. The note highlights that India has delivered highest earnings growth of 296% in local currency terms, between September 2009 and 2024. India counted among nations where companies create shareholder value, along with Brazil, Indonesia, Taiwan and the United Arab Emirates, generating returns either through profit or dividend growth. The note added that companies in these nations tend not to dilute shareholder value. On export growth, China is a clear standout, supported by government stimulus and subsidies, but such a scenario may not be ideal for profit margins and earnings growth, it added. Nonetheless, economies such as Vietnam, India, Taiwan, Poland and Turkey have all been able to gain their export market share. "In our three-factor framework, India, Indonesia, Taiwan and Mexico stand out as the most promising hunting grounds for equity investors. The EM Index may disappoint. But investors who pick their spots, and their stocks, have the potential to realize attractive returns," the JPMorgan Private Bank note added. Going into 2025, JPMorgan Private Bank sees increased volatility in fixed income markets and a rebound in deal making. In its recently shared note, JPM forecasted that the coming year will see:-policy rate normalise-spend on AI and infrastructure to continue-more US deregulation in some sectors and trade tariffs may rise-the need to hold real assets in portfolio-an evolving investment landscape JPMorgan advised investors to consider maintaining 'balanced positioning between offense and defense, stocks and bonds', with private equity poised to benefit from growing investment anddealmaking, while infrastructure, real estate and other real assets could 'insulate' against geopolitical and inflation risks. "We believe investors should consider keeping some capital available to potentially take advantage of opportunities that may arise," it added.

2024-11-28 11:38

2024-11-28

11:38

moneycontrol.com

https://www.moneycontrol.com/news/india/delhi-reports-isolated-case-of-japanese-encephalitis-12878494.html

Delhi reports 'isolated' case of Japanese Encephalitis

Japanese Encephalitis is transmitted to humans through the bite of infected culex mosquitoes.Related stories.

The national capital has reported an ”isolated” case of Japanese Encephalitis, official sources said on Thursday. All public health measures have been instituted as per the National Centre for Vector Borne Diseases Control (NCVBDC) guidelines, the sources said, adding there was no cause for concern.Referring to an order issued by the Municipal Corporation of Delhi on Wednesday, the sources said that the 72-year-old man from west Delhi was admitted to the All India Institute of Medical Sciences on November 3 following chest pain.The patient is diabetic (20 years, uncontrolled), has coronary artery disease with CHF, bilateral lower limb weakness and bowel and bladder incontinence, the source said. During admission, the patient was tested for Japanese Encephalitis (blood sample collected on November 6) and was found IgM ELISA positive. He was discharged on November 15, the sources said.According to the IDSP data, in 2024, 1,548 Japanese Encephalitis cases were reported from 24 states and Union Territories, with 925 cases from Assam alone. The central government guidelines, two doses of the vaccine have been a part of the Universal Immunisation Programme since 2013. Adult Japanese Encephalitis vaccine has been introduced in high-burden states, sources said.”No outbreak of Japanese Encephalitis has been reported in Delhi in the past although occasional isolated cases have been reported from tertiary hospitals like AIIMS, Ram Manohar Lohia and Safdarjung among others – mostly from neighbouring states,” a source said. While all public health measures have been instituted according to the NCVBDC guidelines, there is no cause for concern due to this isolated case of Japanese Encephalitis, the source said. The Japanese Encephalitis virus is normally carried by waterfowl and amplified in pigs from where it is accidentally transmitted to humans through the bite of infected culex mosquitoes. The infection may result in febrile illness and in a small proportion of cases cause neurological illness and may result in death, he said.There is no specific treatment for Japanese Encephalitis and there is no human-to-human transmission of the virus, the source said.

2024-11-28 11:35

2024-11-28

11:35

moneycontrol.com

https://www.moneycontrol.com/news/business/real-estate/karnataka-rera-asks-ozone-group-to-repay-homebuyers-home-loan-clears-all-liabilities-on-buyer-12878453.html

Karnataka RERA asks Ozone Group to repay homebuyer's home loan, clears all liabilities on buyer

The developer was to pay Pre-EMI for the home loan, taken under the buyer's name, until possession of the apartment or completion of the buyback period.Related stories.

In a first, the Karnataka Real Estate Authority (KRERA) has asked the Bengaluru-based Ozone Group to repay a homebuyer's home loan of Rs 65 lakh after failing to provide possession. In this case, the homebuyer Malarselvan Tamilmani booked a flat inOzoneUrbana Aqua II under a buyback scheme with guaranteed returns within 24 months in 2015. The homebuyer signed an agreement under the subvention scheme with Indiabulls Housing Finance and the developer in 2015. A subvention scheme in real estate is a grant or aid that a developer offers to buyers to help boost sales. In a subvention scheme, the buyer pays a portion of the cost upfront, and the bank pays the rest as a loan. The developer then receives the loan to continue construction. The developer was to pay pre-EMI for the home loan, taken under the buyer's name, until possession of the apartment or completion of the buyback period. However, according to the homebuyer, the developer had stopped paying pre-EMI to the financial institution and had blamed the buyer as the defaulter. Following that, he approached KRERA to refund the entire amount with interest and closure of the home loan. Ozone denied all allegations In total, the buyer paid an initial deposit of Rs 18.8 lakh with a guaranteed doublereturn. The developer had paid Rs 47.1 lakh to Indiabulls Housing as an initial deposit but failed to close the home loan with the financial company. "The buyer had entered into the buyback scheme and according to the triparty agreement signed between the parties, in case of cancellation of the agreement the lending company will obtain the funds received by the developer in the construction of the flat," the developer told KRERA. However, the buyer said that out of the total loan sanction of Rs 75 lakh, about Rs 64 lakh has been disbursed to the developer. "The developer was supposed to bear the pre-EMI and also the loan amount, and there was no liability on the buyers," he told KRERA. KRERA makes Ozone Group liable for the home loan The authority noted that a Karnataka High Court case filed by the buyer in 2023, ordered the developer to pay the pre-EMI and also asked IndiaBulls to stop taking coercive action on the buyer. KRERA noted that while the Ozone Group had promised to return an assured profit to the homebuyer, they failed to close the home loan with Indiabulls Housing. "Thus the developer is liable to repay the loan amount with interest and other charges levied by the financial institution," the authority said. Additionally, KRERA pointed out that during the course of the Karnataka High Court hearing, the developer had agreed to close the home loan with interest. "Thus thedeveloperis liable to pay Rs 64.6 lakh to IndiaBulls Housing with interest and additional charges and clear the buyers of all liabilities," the order said. A list of questions sent to the Ozone Group did not get any response.

2024-11-28 11:33

2024-11-28

11:33

moneycontrol.com

https://www.moneycontrol.com/news/india/priyanka-gandhi-takes-oath-as-mp-all-gandhis-in-parliament-from-today-12878457.html

Priyanka Gandhi takes oath as Lok Sabha member, all 3 Gandhis in Parliament from today

Priyanka Gandhi.

Congress general secretary Priyanka Gandhi, who won the Wayanad parliamentary bypoll with a massive margin of over 4 lakh votes, took oath as an MP for the first time in the Lok Sabha today. With Priyanka taking oath as an MP, for the first time in decades, all three members of the Nehru-Gandhi family—Sonia, Rahul, and Priyanka—are now in Parliament. While Priyanka Gandhi Vadra and her brother Rahul Gandhi will sit in the Lok Sabha, their mother Sonia Gandhi is in the Rajya Sabha as she opted not to contest from Raebareli in the 2024 Lok Sabha polls. The 52-year-old Congress leader defeated Sathyan Mokeri of the CPI(M)-led LDF by securing more than six lakh votes to succeed her brother, Rahul Gandhi, in the hill constituency, which he had won twice since the 2019 elections. Mokeri got 2,11,407 votes while BJP candidate Navya Haridas finished third with 1,09,939 votes. Due to a low voter turnout, Priyanka Gandhi received 6,22,338 votes, less than her brother Rahul’s tally of 6,47,445 votes during the April Lok Sabha election in the constituency. However, her margin of 4,10,931 votes surpassed his lead of 3,64,422 votes. In 2019, Priyanka Gandhi entered active politics and was subsequently appointed Congress general secretary. Now, five years later, she embarks on her political career as an elected representative, marking a significant milestone in her political journey. Her entry into Parliament comes at a difficult time for the party, which has seen big electoral defeats in key states like Haryana and Maharashtra. It would be interesting to see if she is able to give a much-needed fillip to the grand old party and help put it back on the electoral track.

2024-11-28 11:32

2024-11-28

11:32

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/tilaknagar-industries-unveils-monarch-legacy-firms-first-luxury-brandy-shares-surge-over-50-in-1-month-12878513.html

Tilaknagar Industries unveils Monarch Legacy, firm's first luxury brandy; shares surge over 50% in 1 month

Tilaknagar Industries unveils Monarch Legacy, firm's first luxury brandy; shares surge over 50% in 1 month.Related stories.

Tilaknagar Industries Ltd (TI), a brandy company, announced the launch of Monarch Legacy Edition, its first foray into the luxury brandy segment. "Founded in 1933, TI has shaped the Indian brandy landscape over the past four decades with iconic offerings like Mansion House Brandy, the world's second-largest-selling brandy. Monarch is the culmination of the company's 90-year legacy and is the only luxury 100% pure grape brandy that blends French and Indian grape spirits, celebrating a unique confluence of Indian and French culture," said the company in a stock exchange filing on November 28. "This exquisite blend marries French grape spirits, aged up to 8 years, with fine Indian grape spirits from the Sahyadri region of Maharashtra. Located in Shrirampur, near India's wine capital of Nashik, the distillery — helmed by the Dahanukar family for nearly a century — draws on decades of distilling wisdom and expertise to showcase Indian brandy in a new light," added the company. "Brandy is India's second most-consumed spirit category, yet it remains under-recognised in the luxury segment. As leaders in brandy with decades of experience and many successful brands under our cap, we wanted to redefine this perception. The launch of Monarch marks a bold step towards elevating Indian brandy to a global benchmark, echoing the remarkable success of Indian whiskies and gins on the world stage," said Amit Dahanukar, Chairman and Managing Director of Tilaknagar Industries Ltd. The alcohol content in a 750 ml bottle is 42.8% and is priced at Rs 6,750 in Maharashtra. At 11:30 am on Novemnber 28, the company's shares were trading 2.6% higher at Rs 422 apiece. In the last one month, theIMFL company's sharessurged an impressive 53%. Its market capitalisation is Rs 7,700 crore. "Monarch embodies a sense of royalty and sophistication, which we wanted to bring to life with this luxurious brandy," said Ahmed Rahimtoola, Chief Marketing Officer, Tilaknagar Industries Ltd. "As Indian consumers increasingly seek refined drinking experiences, we anticipate brandy's rising popularity - both as a neat pour and within the evolving cocktail culture. Monarch is crafted to embrace this shift, aiming to redefine brandy's image and expand its appeal across India and globally."

2024-11-28 11:32

2024-11-28

11:32

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/newly-listed-ntpc-green-energy-shares-extend-gains-for-second-day-in-a-row-12878493.html

Newly-listed NTPC Green Energy shares extend gains for second day in a row

Newly-listed NTPC Green Energy shares extend gains for second day in a row.Related stories.

NTPC Green Energy share price extended gains on the second consecutive day after listing on the exchanges to rise nearly 5 percent in November 28 trade. NTPC Green Energystock was listed at Rs 111.50 per share on the NSE, a premium of 3.24 percent over the IPO price of Rs 108 per share. On the BSE, theNTPC Green Energystock was listed at Rs 111.60 apiece at a premium of 3.33 percent. On Thursday, the stock advanced 4.8 percent to quote its intraday high of Rs 127.49 apiece on the NSE. At around 11.15 am, the stock was trading at Rs 126.21 per share on the NSE, up 3.75 percent. The company's market valuation stood at Rs 1,05,034.20 crore. NTPC Green Energy is a 'Maharatna' central public sector enterprise with a renewable energy portfolio, including solar and wind power assets. Meanwhile, the state-owned NTPC said its green energy arm has set up a50:50 joint venture with Maharashtra State Power Generation Company Ltd., to develop, operate and maintain renewable energy parks in the state. The JV will be engaged in the business of developing, operating and maintaining renewable energy parks in Maharashtra under UMREPP and allot parks for development of Renewable Energy Projects, it added.

2024-11-28 11:31

2024-11-28

11:31

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/medicamen-bio-consolidated-september-2024-net-sales-at-rs-44-74-crore-up-2-76-y-o-y-12878489.html

Medicamen Bio Consolidated September 2024 Net Sales at Rs 44.74 crore, up 2.76% Y-o-Y

Reported Consolidated quarterly numbers for Medicamen Biotech are: Net Sales at Rs 44.74 crore in September 2024 up 2.76% from Rs. 43.54 crore in September 2023. Quarterly Net Profit at Rs. 1.46 crore in September 2024 down 1.37% from Rs. 1.48 crore in September 2023. EBITDA stands at Rs. 5.61 crore in September 2024 up 8.09% from Rs. 5.19 crore in September 2023. Medicamen Bio EPS has decreased to Rs. 0.71 in September 2024 from Rs. 1.17 in September 2023. Medicamen Bio shares closed at 442.65 on November 26, 2024 (NSE) and has given -15.47% returns over the last 6 months and -30.40% over the last 12 months.

2024-11-28 11:25

2024-11-28

11:25

moneycontrol.com

https://www.moneycontrol.com/news/business/economy/fin-min-weighs-oil-ministry-suggestions-to-get-natural-gas-under-gst-repeal-windfall-tax-12878427.html

Fin Min weighs oil ministry suggestions to get natural gas under GST, repeal windfall tax

The Ministry is currently evaluating the proposal, alongside considering the relevance of imposing a windfall tax on oil and gas companies. Sources within the Finance Ministry indicate that the department is closely monitoring the windfall tax c.Related stories.

The finance ministry has received a recommendation from the petroleum ministry to bring natural gas in the Goods and Services Tax (GST) ambit as part of ongoing efforts to streamline the country’s tax structure, a government source toldMoneycontrol. The finance ministry is evaluating the proposal and also considering the relevance of levying a windfall tax on oil and gas companies, sources said. Tarun Kapoor, an advisor to Prime Minister Narendra Modi, had on October 23 said that thefinance ministry was weighing withdrawal of windfall taxon domestic crude production. “The finance ministry will assess the situation… I believe the petroleum ministry has already sent a recommendation to them,” he said. It was reported earlier thatthe government is likely to scrap the windfall tax on domestic crude oil production and fuel exportsafter the petroleum ministry reportedly recommended repealing the tax, citing continued decline in oil prices and its diminishing relevance. An official order from the finance ministry is expected soon. The levy was introduced in 2022 when global oil prices had zoomed because of the Russia-Ukraine conflict and became less relevant following a sharp decline in prices since then. The windfall tax targeted significant profits earned by oil companies during the rally. It imposed a special additional excise duty on both local crude oil production and exports of petrol, diesel, and jet fuel. The tax was reviewed every fortnight based on the average oil prices over the preceding two weeks. As of September 18, 2023, the windfall tax on crude oil production was reduced to zero, down from Rs 1,850 per tonne earlier in the month. While the government had dialed back certain components of the tax as global oil prices softened, industry stakeholders called for more stability. Many businesses, especially those involved in exploration, production, and refining, have sought an end to the fortnightly review process which, they said, added to the uncertainty to an industry that requires heavy capital investment.

2024-11-28 11:24

2024-11-28

11:24

moneycontrol.com

https://www.moneycontrol.com/technology/meity-eyes-ai-models-like-openais-gpt-4o-googles-gemini-for-uttara-project-article-12878353.html

MeitY eyes AI models like OpenAI's GPT-4o, Google's Gemini for UTTARA project

By leveraging the power of Gen AI, the Indian government aims to enhance efficiency, transparency, and accessibility of its services, ultimately improving the lives of its citizens..Related stories.

The Ministry of Electronics and Information Technology (MeitY) is looking to procure generative AI models for its Universal Transparent Tracking of Application and Response to Application (UTTARA) project, aimed at helping citizens track, check eligibility, and apply for government schemes. The IT ministry is looking to procure models such as Anthropic Claude 3 Sonnet, Meta's LLaMa 3.5, OpenAI's GPT-4o and Google's Gemini Pro, according to an RFP floated by MeitY . The model will be integrated with the myScheme platform under the UTTARA project, where over 2,650 government schemes are listed. Apart from that, the the government is also looking to acquire embedding models like Cohere Embed Multilingual and OpenAI Text Embedding. Embedding models are designed to transform input data, like text or images, into numerical representations that machines can easily understand and process. These models are essential for tasks such as matching queries with relevant information and powering advanced conversational agents. For the smooth implementation, the government is looking for a managed service provider (MSP) who can provide access to these AI models through proper API access and scalable API keys for each model. The National e-Governance Division recently floated a tender for this purpose, inviting proposals from qualified MSPs. The deadline for submitting technical proposals was November 18. "Ensure that all provided AI models and APIs comply with relevant data security, privacy, and governance standards, including adherence to data protection regulations in India and globally," an RFP floated by MeitY said. The ministry has also asked the bidders to provide details on how the models handle data securely, particularly in a citizen-facing service where personal information may be exchanged. This comes at a time when India is actively integrating generative AI into its government services, with a focus on citizen-centric applications. One notable example is the use of AI-powered chatbots to provide real-time assistance and information to citizens.

2024-11-28 11:22

2024-11-28

11:22

moneycontrol.com

https://www.moneycontrol.com/news/india/maharashtra-cm-suspense-to-end-at-key-nda-meeting-today-sources-drop-big-hint-12878434.html

Maharashtra CM suspense to end at key NDA meeting today; sources drop big hint

Despite speculation over the CM’s post, both Shinde and Fadnavis had downplayed any internal disputes..Related stories.

The suspense surrounding the next Chief Minister of Maharashtra is expected to end at a key NDA meeting on Thursday. The meeting, which will be attended by Devendra Fadnavis, Eknath Shinde (Shiv Sena), and Ajit Pawar (NCP), is set to finalise the leadership structure of the newly formed BJP-led Mahayuti government. As per sources, cited in anNDTVreport, the new CM will be from the BJP, with two deputies likely to be chosen from Eknath Shinde's Shiv Sena faction and Ajit Pawar's NCP. The CM suspense While the new Chief Minister's name has not yet been confirmed, many speculations point towards Fadnavis, who served as the CM between 2014 and 2019, and briefly again in November 2019 after Ajit Pawar's failed rebellion. This is similar to the earlier arrangement where Fadnavis was the CM with Shinde and Pawar as deputies, although now the BJP holds a stronger position following its dominant victory in the Assembly elections. Will big NDA meet end suspense today? Catchlive updateshere. Cabinet distribution The BJP is expected to allocate 12 cabinet berths to the Shinde-led Shiv Sena, including three major portfolios, to compensate for the Shiv Sena's loss of the Chief Minister's post, as per sources cited in another NDTV report. Meanwhile, the Ajit Pawar-led NCP will likely receive nine seats in the cabinet, states the report. With a maximum of 43 ministers allowed in Maharashtra, including the Chief Minister, the BJP is expected to retain half of the cabinet positions for itself. WhileShindehas cleared the deck to appoint a BJP leader as Chief Minister, he is likely to be assigned three key ministries - Urban Development, Public Works Department (PWD), and Water Resources, according to the sources. No internal disputes: Shinde & Fadnavis Despite speculation over the CM’s post, both Shinde and Fadnavis had downplayed any internal disputes, stating that all three parties would jointly decide the leadership. Shinde, who resigned as Chief Minister on Wednesday and is currently the caretaker CM, reiterated that he would not be an obstacle to any decision made by Prime Minister Narendra Modi and Home Minister Amit Shah regarding the post. Shinde, addressing the media, stated, "I spoke to the Prime Minister and the Home Minister and assured them that there will be no hindrance from our side," further adding, “Our Shiv Sena will fully support the BJP’s decision to name the next Maharashtra CM. There is no speed breaker from our side". In response to reports suggesting that he was disappointed over not being reappointed as CM, Shinde firmly rejected the notion. "Nobody is annoyed. We have worked as Mahayuti," said Shinde, who became Chief Minister in June 2022. He stated that there was no issue with not getting a second term, acknowledging that the BJP had supported his tenure as CM. Meanwhile, Fadnavis, while addressing reporters in Chhatrapati Sambhajinagar on Wednesday evening, noted that a decision regarding the Maharashtra cabinet would be finalised by the new Chief Minister once their appointment is confirmed. He also underscored the unity within the Mahayuti coalition, stressing that the Chief Minister would take responsibility for forming the state cabinet once they assume office. “The Chief Minister will be responsible for finalising the state cabinet once appointed,” he stated. Fadnavis, who served as the outgoing Deputy Chief Minister in the previous government, reassured that the coalition was working together cohesively to form a stable government. The BJP-led alliance, comprising the BJP, Shinde’s faction of Shiv Sena, and Ajit Pawar's NCP, secured a commanding win in the Maharashtra Assembly elections, with the BJP clinching over 131 seats and the alliance crossing the magic number of 145.

2024-11-28 11:22

2024-11-28

11:22

moneycontrol.com

https://www.moneycontrol.com/news/world/decoded-from-partition-to-present-why-bangladeshs-hindu-community-faces-growing-persecution-12878488.html

Decoded | From Partition to present: Why Bangladesh's Hindu community faces growing persecution

People gather to take part in a protest demanding protections for Hindus and other minority groups in Dhaka early this month. (Image: AFP file photo).Related stories.

The recent arrest of Hindu leaderChinmoy Krishna Das Brahmachariin Bangladesh has brought the spotlight back on the alarming spike in targeted attacks on minority Hindus in the crisis-hit neighbouring country. Das, leader of the Hindu group Sammilita Sanatani Jote, was arrested from the Hazrat Shahjalal International Airport area in Dhaka on Monday. He is also head of the Pundarik Dham, operated by ISKCON, in Chittagong, and has been leading rallies demanding the security of Hindus in Bangladesh. Following Das’arreston charges of sedition, at least three Hindu temples have been targeted by mobs in Chattogram. This follows the slew of violent attacks on Hindus and Hindu temples across the country, ever since the government of former Prime Minister Sheikh Hasina was overthrown and she fled the country following a student-led uprising in August this year. Minority Hindus at receiving end According to Bangladesh’s 2022 census, there are a little more than 13.1 million Hindus in Bangladesh, who comprise 7.96 percent of the country’s population. On the other hand, 165.16 million Muslims made up 91 percent of Bangladesh’s population. The country’s influential minority group Bangladesh Hindu Buddhist Christian Unity Council has said that there have been more than 2,000 attacks on Hindus since August 4, as the interim government has struggled to restore order, reportedAP. Hindus and other minority communities say the interim government hasn't adequately protected them and that hardline Islamists are becoming increasingly influential since Hasina's ouster. The issue has reached beyond Bangladesh, with Prime Minister Narendra Modi voicing concern over reports of attacks. Why this growing persecution of Hindus? TheHindu populationof Bangladesh has suffered considerably as a consequence of political events since 1947. They were particularly targeted during the Bangladesh Liberation War as many Pakistanis blamed them for the secession, resulting in targeted executions, rapes, and other human rights abuses against Hindu communities. Hindus in Bangladesh have been subject to persecution both when it was still East Pakistan and since independence, but the recent spike in attacks and violence can majorly be attributed to the political instability in the country, which has created a volatile environment. It is often seen in such situations that some groups exploit this situation to target minority communities. Another major reason believed to be a catalyst in recent atrocities against Hindus in Bangladesh is the rising religious extremism and intolerance, which may have fuelled hatred and discrimination against minority groups. The spread of misinformation and propaganda through social media and other channels has also incited hatred and violence against minority groups. It is important to note that not all attacks on Hindus in Bangladesh are solely motivated by religious hatred. Some attacks may be politically motivated or driven by other factors. Minority Hinds under siege – A brief historical context An important turning point for the Hindu community in East Bengal, which subsequently became Bangladesh, was the 1947 Partition of India. Many Hindus found themselves on the wrong side of the border, where they faced prejudice, violence, and exile as the subcontinent was split along religious lines. The Hindu community was further marginalised by the East Bengal Evacuees Act, which resulted in their property and land being taken away. Hindu persecution increased during the 1971 Bangladesh Liberation War. Hindus were singled out by the Pakistani military and its allies on the grounds that they were supporting India. During this time, countless Hindus were murdered, sexually assaulted, and uprooted. The difficulties faced by the Hindu community continued even after Bangladesh attained independence. Attacks on homes and temples, forced conversions, land theft, and religious prejudice persisted. Cry for justice The arrest of Das on sedition charges has triggered widespread protests by Hindu communities both within Bangladesh and internationally. Protesters have taken to the streets, demanding the release of Das and expressing concerns over the increasing persecution of Hindus in the country. Since August, Hindu activists have been holding protest rallies in Dhaka and other places to push for their demands, which include a ministry for minorities, a law protecting minorities, and a tribunal to prosecute oppressive crimes against minorities. Additionally, they are looking for a five-day break for Durga Puja, their biggest celebration. However, because of the religious sensitivities, Bangladesh's Durga Puja celebrations were subdued this year.

2024-11-28 11:21

2024-11-28

11:21

moneycontrol.com

https://www.moneycontrol.com/news/business/the-worlds-biggest-buyers-of-gold-are-now-among-east-european-central-banks-12878497.html

The world’s biggest buyers of gold are now among East European Central Banks

Central banks around the world are stocking their gold arsenals as a shield against external shocks.Related stories.

Earlier this year, the Czech Republic’s central bank chief flew to London to have a look at a swelling stack of gold bars stored in the Bank of England’s concrete-encased vaults beneath Threadneedle Street. Ales Michl’s mission to inspect the precious metal held for the Czech National Bank was part of the governor’s stated ambition to double the country’s stockpile to 100 metric tons in the next three years. It’s increased fivefold since he took office in 2022 with an aim to diversify the bank’s reserves. “We need to reduce volatility,” Michl, who grew animated when queried on the subject, told Bloomberg Television earlier this month. “And for that, we need an asset with zero correlation to stocks, and that asset is gold.” The Czech policymaker isn’t alone in accelerating bullion purchases. Peers from Warsaw to Belgrade are joining the gold rush as a way to diversify investments and bet on future price increases, making eastern Europe one of the biggest buyers of the metal and helping to drive the gold rally. Central banks around the world are stocking their gold arsenals as a shield against external shocks such as prospective trade wars brought on by Donald Trump’s second presidency and geopolitical tensions in Ukraine and the Middle East. But eastern European monetary guardians have made a particular show of topping up their gold piles. In addition to Michl’s foray to London, his counterpart in Warsaw has penned a movie script on the history of Polish gold. Serbian authorities hauled their stockpile held abroad home to keep it safer in Belgrade — and help cut storage costs. Striving for a sense of security is a powerful motive in a region that’s been ravaged by Europe’s wars of the past — and that now finds itself next door to the continent’s deadliest conflict since World War II. ‘An Exclusive Club’Poland, which shares a border with Ukraine and is a staunch supporter of Kyiv’s war aims, was the largest buyer of gold globally in the second quarter, according to the World Gold Council’s latest data. Poland’s central bank governor, Adam Glapinski, said gold and hard currency reserves are crucial to protecting the economy against catastrophic events. He increased bullion holdings to some 420 tons as of September, about half the stockpile of India or Japan. “We are entering the exclusive club of the world’s biggest gold owners,” Glapinski gloated during a news conference last month, reinforcing his aim to raise gold’s share to 20% of all reserves. The head of the National Bank of Poland lamented having no time to work on his draft script. A YouTube video produced by the central bank in February shows Glapinski basking in a vault lined with sealed boxes of six thousand gold bars, intoning that the stash “is the property of all Polish people.” The Czechs are also prospective club members. The central bank in Prague boasts about $150 billion in foreign reserves — nearly half of gross domestic product — one of the world’s biggest by proportion. Michl, whose diversification drive includes US stock purchases, has confronted some criticism for buying gold as it reached a market record this year. Monetary officials have pushed back by insisting that the long-term purchases are gradual, reducing the impact of price volatility. Gold Set to Extend Record Rally | Goldman Sachs sees surge to $3,000 an ounceWith the geopolitical winds churning, gold purchases have been a good bet for monetary policymakers. Goldman Sachs Group Inc. listed the metal among top commodity trades for 2025, saying prices could extend gains during Trump’s presidency and reach $3,000 an ounce by December next year. “Geopolitical fragmentation is favorable for gold, while gradual dollar weakening should be a further tailwind,” Bank J. Safra Sarasin said in a report from Nov. 10. For eastern Europe’s leaders, gold is viewed as a safe harbor — and a political selling point — as they maintain often complex balancing acts between the West, Russia and China. The Hungarian central bank has boosted its gold stash by more than a 10th to 110 tons this year. The country’s Prime Minister Viktor Orban has relished being the EU’s chief disruptor with his ties to the Kremlin and Trump. The central bank in Budapest has also lauded the metal as a safe haven. But gold has a role in the country’s historic identity. The Money Museum, located in one of the palaces owned by the Hungarian National Bank, features a steam locomotive fashioned from yellow bars. The sculpture, called “The Rumble,” depicts the central bank’s staff, which fled the Soviet military at the end of World War II on a train loaded with gold reserves to prevent it from falling into foreign hands. The associations figure no less in Serbia, where President Aleksandar Vucic, who like Orban holds a firm grip on power, had the country’s stockpile held outside the country repatriated in 2021. This year, he promised to buy bullion with “every surplus of money” that’s left in state coffers “to be safe and secure in hard times.” Serbia’s central bank governor, Jorgovanka Tabakovic, has overseen a tripling of gold reserves to 48 tons since taking office in 2012. The accumulation was handled closely with Vucic, who provided the “strategic thinking, knowledge of global geopolitical relations and information” to back the gold purchases, she said. “Gold is gaining value and importance in times of global turbulences, especially in geopolitical conflicts and periods of high inflation,” Tabakovic said in emailed response to questions. “Unfortunately, in recent years we’ve seen both factors at play.”

2024-11-28 11:17

2024-11-28

11:17

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/tolins-tyres-consolidated-september-2024-net-sales-at-rs-76-88-crore-up-64-24-y-o-y-12878462.html

Tolins Tyres Consolidated September 2024 Net Sales at Rs 76.88 crore, up 64.24% Y-o-Y

Reported Consolidated quarterly numbers for Tolins Tyres are: Net Sales at Rs 76.88 crore in September 2024 up 64.24% from Rs. 46.81 crore in September 2023. Quarterly Net Profit at Rs. 9.60 crore in September 2024 up 13.46% from Rs. 8.46 crore in September 2023. EBITDA stands at Rs. 15.35 crore in September 2024 up 16.2% from Rs. 13.21 crore in September 2023. Tolins Tyres EPS has increased to Rs. 3.20 in September 2024 from Rs. 2.87 in September 2023. Tolins Tyres shares closed at 223.78 on November 26, 2024 (NSE) and has given -6.52% returns over the last 6 months and -6.52% over the last 12 months.

2024-11-28 11:16

2024-11-28

11:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/lumax-auto-tech-consolidated-september-2024-net-sales-at-rs-842-26-crore-up-20-29-y-o-y-12878464.html

Lumax Auto Tech Consolidated September 2024 Net Sales at Rs 842.26 crore, up 20.29% Y-o-Y

Reported Consolidated quarterly numbers for Lumax Auto Technologies are: Net Sales at Rs 842.26 crore in September 2024 up 20.29% from Rs. 700.17 crore in September 2023. Quarterly Net Profit at Rs. 42.88 crore in September 2024 up 56.46% from Rs. 27.40 crore in September 2023. EBITDA stands at Rs. 117.59 crore in September 2024 up 18.36% from Rs. 99.35 crore in September 2023. Lumax Auto Tech EPS has increased to Rs. 6.29 in September 2024 from Rs. 4.02 in September 2023. Lumax Auto Tech shares closed at 520.10 on November 26, 2024 (NSE) and has given 5.75% returns over the last 6 months and 34.18% over the last 12 months.

2024-11-28 11:16

2024-11-28

11:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/orient-beverage-consolidated-september-2024-net-sales-at-rs-40-01-crore-up-7-29-y-o-y-12878459.html

Orient Beverage Consolidated September 2024 Net Sales at Rs 40.01 crore, up 7.29% Y-o-Y

Reported Consolidated quarterly numbers for Orient Beverages are: Net Sales at Rs 40.01 crore in September 2024 up 7.29% from Rs. 37.29 crore in September 2023. Quarterly Net Profit at Rs. 0.23 crore in September 2024 up 103.95% from Rs. 5.83 crore in September 2023. EBITDA stands at Rs. 3.27 crore in September 2024 up 206.17% from Rs. 3.08 crore in September 2023. Orient Beverage EPS has increased to Rs. 1.06 in September 2024 from Rs. 26.97 in September 2023. Orient Beverage shares closed at 273.15 on November 27, 2024 (BSE) and has given -8.31% returns over the last 6 months and 27.61% over the last 12 months.

2024-11-28 11:16

2024-11-28

11:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/jamna-auto-consolidated-september-2024-net-sales-at-rs-512-81-crore-down-15-57-y-o-y-12878465.html

Jamna Auto Consolidated September 2024 Net Sales at Rs 512.81 crore, down 15.57% Y-o-Y

Reported Consolidated quarterly numbers for Jamna Auto Industries are: Net Sales at Rs 512.81 crore in September 2024 down 15.57% from Rs. 607.36 crore in September 2023. Quarterly Net Profit at Rs. 39.79 crore in September 2024 down 20.6% from Rs. 50.11 crore in September 2023. EBITDA stands at Rs. 67.19 crore in September 2024 down 16.53% from Rs. 80.50 crore in September 2023. Jamna Auto EPS has decreased to Rs. 1.00 in September 2024 from Rs. 2.40 in September 2023. Jamna Auto shares closed at 104.13 on November 26, 2024 (NSE) and has given -18.68% returns over the last 6 months and -7.81% over the last 12 months.

2024-11-28 11:16

2024-11-28

11:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/krypton-consolidated-september-2024-net-sales-at-rs-14-44-crore-up-57-57-y-o-y-12878461.html

Krypton Consolidated September 2024 Net Sales at Rs 14.44 crore, up 57.57% Y-o-Y

Reported Consolidated quarterly numbers for Krypton Industries are: Net Sales at Rs 14.44 crore in September 2024 up 57.57% from Rs. 9.16 crore in September 2023. Quarterly Net Profit at Rs. 3.46 crore in September 2024 up 3461.86% from Rs. 0.10 crore in September 2023. EBITDA stands at Rs. 4.49 crore in September 2024 up 367.71% from Rs. 0.96 crore in September 2023. Krypton EPS has increased to Rs. 0.31 in September 2024 from Rs. 0.02 in September 2023. Krypton shares closed at 83.22 on November 27, 2024 (BSE) and has given 86.34% returns over the last 6 months and 203.94% over the last 12 months.

2024-11-28 11:16

2024-11-28

11:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/modi-rubber-consolidated-september-2024-net-sales-at-rs-6-50-crore-up-30-4-y-o-y-12878463.html

Modi Rubber Consolidated September 2024 Net Sales at Rs 6.50 crore, up 30.4% Y-o-Y

Reported Consolidated quarterly numbers for Modi Rubber are: Net Sales at Rs 6.50 crore in September 2024 up 30.4% from Rs. 4.99 crore in September 2023. Quarterly Net Profit at Rs. 6.32 crore in September 2024 up 99.07% from Rs. 3.18 crore in September 2023. EBITDA stands at Rs. 1.17 crore in September 2024 up 1362.5% from Rs. 0.08 crore in September 2023. Modi Rubber EPS has increased to Rs. 2.53 in September 2024 from Rs. 1.27 in September 2023. Modi Rubber shares closed at 129.36 on November 26, 2024 (NSE) and has given 32.47% returns over the last 6 months and 46.92% over the last 12 months.

2024-11-28 11:16

2024-11-28

11:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/sharda-motor-consolidated-september-2024-net-sales-at-rs-711-29-crore-down-6-73-y-o-y-12878460.html

Sharda Motor Consolidated September 2024 Net Sales at Rs 711.29 crore, down 6.73% Y-o-Y

Reported Consolidated quarterly numbers for Sharda Motor Industries are: Net Sales at Rs 711.29 crore in September 2024 down 6.73% from Rs. 762.65 crore in September 2023. Quarterly Net Profit at Rs. 78.71 crore in September 2024 down 1.73% from Rs. 80.10 crore in September 2023. EBITDA stands at Rs. 120.81 crore in September 2024 up 2.17% from Rs. 118.24 crore in September 2023. Sharda Motor EPS has increased to Rs. 27.39 in September 2024 from Rs. 26.94 in September 2023. Sharda Motor shares closed at 2,038.50 on November 26, 2024 (NSE) and has given 30.15% returns over the last 6 months and 59.66% over the last 12 months.

2024-11-28 11:16

2024-11-28

11:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/fiem-ind-consolidated-september-2024-net-sales-at-rs-612-39-crore-up-20-22-y-o-y-12878466.html

FIEM Ind Consolidated September 2024 Net Sales at Rs 612.39 crore, up 20.22% Y-o-Y

Reported Consolidated quarterly numbers for FIEM Industries are: Net Sales at Rs 612.39 crore in September 2024 up 20.22% from Rs. 509.38 crore in September 2023. Quarterly Net Profit at Rs. 50.17 crore in September 2024 up 15.38% from Rs. 43.48 crore in September 2023. EBITDA stands at Rs. 84.32 crore in September 2024 up 17.06% from Rs. 72.03 crore in September 2023. FIEM Ind EPS has decreased to Rs. 19.06 in September 2024 from Rs. 33.04 in September 2023. FIEM Ind shares closed at 1,523.75 on November 26, 2024 (NSE) and has given 23.85% returns over the last 6 months and 49.76% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/varroc-engineer-consolidated-september-2024-net-sales-at-rs-2080-77-crore-up-10-28-y-o-y-12878467.html

Varroc Engineer Consolidated September 2024 Net Sales at Rs 2,080.77 crore, up 10.28% Y-o-Y

Reported Consolidated quarterly numbers for Varroc Engineering are: Net Sales at Rs 2,080.77 crore in September 2024 up 10.28% from Rs. 1,886.81 crore in September 2023. Quarterly Net Profit at Rs. 55.68 crore in September 2024 up 2.67% from Rs. 54.23 crore in September 2023. EBITDA stands at Rs. 214.85 crore in September 2024 up 6.89% from Rs. 201.00 crore in September 2023. Varroc Engineer EPS has increased to Rs. 3.64 in September 2024 from Rs. 3.55 in September 2023. Varroc Engineer shares closed at 511.65 on November 26, 2024 (NSE) and has given -7.28% returns over the last 6 months and -6.31% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/hind-composites-consolidated-september-2024-net-sales-at-rs-76-95-crore-up-7-29-y-o-y-12878473.html

Hind Composites Consolidated September 2024 Net Sales at Rs 76.95 crore, up 7.29% Y-o-Y

Reported Consolidated quarterly numbers for Hindustan Composites are: Net Sales at Rs 76.95 crore in September 2024 up 7.29% from Rs. 71.72 crore in September 2023. Quarterly Net Profit at Rs. 9.29 crore in September 2024 down 6.54% from Rs. 9.94 crore in September 2023. EBITDA stands at Rs. 13.08 crore in September 2024 down 7.5% from Rs. 14.14 crore in September 2023. Hind Composites EPS has decreased to Rs. 6.29 in September 2024 from Rs. 6.73 in September 2023. Hind Composites shares closed at 472.95 on November 26, 2024 (NSE) and has given 5.76% returns over the last 6 months and 2.43% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/talbros-auto-consolidated-september-2024-net-sales-at-rs-215-38-crore-up-11-y-o-y-12878469.html

Talbros Auto Consolidated September 2024 Net Sales at Rs 215.38 crore, up 11% Y-o-Y

Reported Consolidated quarterly numbers for Talbros Automotive Components are: Net Sales at Rs 215.38 crore in September 2024 up 11% from Rs. 194.03 crore in September 2023. Quarterly Net Profit at Rs. 23.41 crore in September 2024 up 16.92% from Rs. 20.03 crore in September 2023. EBITDA stands at Rs. 37.28 crore in September 2024 up 21.2% from Rs. 30.76 crore in September 2023. Talbros Auto EPS has increased to Rs. 3.79 in September 2024 from Rs. 3.25 in September 2023. Talbros Auto shares closed at 331.55 on November 26, 2024 (NSE) and has given 13.74% returns over the last 6 months and 9.08% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/banco-products-consolidated-september-2024-net-sales-at-rs-894-93-crore-up-23-51-y-o-y-12878471.html

Banco Products Consolidated September 2024 Net Sales at Rs 894.93 crore, up 23.51% Y-o-Y

Reported Consolidated quarterly numbers for Banco Products (India) are: Net Sales at Rs 894.93 crore in September 2024 up 23.51% from Rs. 724.56 crore in September 2023. Quarterly Net Profit at Rs. 138.70 crore in September 2024 up 109.8% from Rs. 66.11 crore in September 2023. EBITDA stands at Rs. 222.58 crore in September 2024 up 77.3% from Rs. 125.54 crore in September 2023. Banco Products EPS has increased to Rs. 19.39 in September 2024 from Rs. 9.24 in September 2023. Banco Products shares closed at 1,135.75 on November 26, 2024 (NSE) and has given 78.00% returns over the last 6 months and 99.41% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/jullundur-motor-consolidated-september-2024-net-sales-at-rs-126-74-crore-down-0-37-y-o-y-12878468.html

Jullundur Motor Consolidated September 2024 Net Sales at Rs 126.74 crore, down 0.37% Y-o-Y

Reported Consolidated quarterly numbers for Jullundur Motor Agency Delhi are: Net Sales at Rs 126.74 crore in September 2024 down 0.37% from Rs. 127.20 crore in September 2023. Quarterly Net Profit at Rs. 4.16 crore in September 2024 down 22.1% from Rs. 5.34 crore in September 2023. EBITDA stands at Rs. 6.29 crore in September 2024 down 18.63% from Rs. 7.73 crore in September 2023. Jullundur Motor EPS has decreased to Rs. 1.82 in September 2024 from Rs. 2.34 in September 2023. Jullundur Motor shares closed at 97.56 on November 26, 2024 (NSE) and has given -2.59% returns over the last 6 months and 13.51% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/amsl-consolidated-september-2024-net-sales-at-rs-241-42-crore-up-7-3-y-o-y-12878476.html

AMSL Consolidated September 2024 Net Sales at Rs 241.42 crore, up 7.3% Y-o-Y

Reported Consolidated quarterly numbers for Artemis Medicare Services are: Net Sales at Rs 241.42 crore in September 2024 up 7.3% from Rs. 225.01 crore in September 2023. Quarterly Net Profit at Rs. 22.26 crore in September 2024 up 63.78% from Rs. 13.59 crore in September 2023. EBITDA stands at Rs. 49.70 crore in September 2024 up 35.68% from Rs. 36.63 crore in September 2023. AMSL EPS has increased to Rs. 1.42 in September 2024 from Rs. 1.00 in September 2023. AMSL shares closed at 322.40 on November 26, 2024 (NSE) and has given 85.45% returns over the last 6 months and 93.52% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/india-nippon-consolidated-september-2024-net-sales-at-rs-209-85-crore-up-10-62-y-o-y-12878472.html

India Nippon Consolidated September 2024 Net Sales at Rs 209.85 crore, up 10.62% Y-o-Y

Reported Consolidated quarterly numbers for India Nippon Electricals are: Net Sales at Rs 209.85 crore in September 2024 up 10.62% from Rs. 189.70 crore in September 2023. Quarterly Net Profit at Rs. 21.16 crore in September 2024 up 20.64% from Rs. 17.54 crore in September 2023. EBITDA stands at Rs. 32.51 crore in September 2024 up 31.78% from Rs. 24.67 crore in September 2023. India Nippon EPS has increased to Rs. 9.35 in September 2024 from Rs. 7.75 in September 2023. India Nippon shares closed at 699.80 on November 26, 2024 (NSE) and has given 5.22% returns over the last 6 months and 40.65% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/racl-geartech-consolidated-september-2024-net-sales-at-rs-106-13-crore-up-4-5-y-o-y-12878474.html

RACL Geartech Consolidated September 2024 Net Sales at Rs 106.13 crore, up 4.5% Y-o-Y

Reported Consolidated quarterly numbers for RACL Geartech are: Net Sales at Rs 106.13 crore in September 2024 up 4.5% from Rs. 101.56 crore in September 2023. Quarterly Net Profit at Rs. 6.54 crore in September 2024 down 35.84% from Rs. 10.20 crore in September 2023. EBITDA stands at Rs. 23.87 crore in September 2024 down 5.35% from Rs. 25.22 crore in September 2023. RACL Geartech EPS has decreased to Rs. 6.07 in September 2024 from Rs. 9.47 in September 2023. RACL Geartech shares closed at 847.90 on October 25, 2024 (NSE) and has given 0.00% returns over the last 6 months and 0.00% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/federal-mogul-consolidated-september-2024-net-sales-at-rs-463-71-crore-up-4-88-y-o-y-12878470.html

Federal-Mogul Consolidated September 2024 Net Sales at Rs 463.71 crore, up 4.88% Y-o-Y

Reported Consolidated quarterly numbers for Federal-Mogul Goetze are: Net Sales at Rs 463.71 crore in September 2024 up 4.88% from Rs. 442.12 crore in September 2023. Quarterly Net Profit at Rs. 38.24 crore in September 2024 up 14.52% from Rs. 33.39 crore in September 2023. EBITDA stands at Rs. 80.16 crore in September 2024 up 16.09% from Rs. 69.05 crore in September 2023. Federal-Mogul EPS has increased to Rs. 6.87 in September 2024 from Rs. 5.78 in September 2023. Federal-Mogul shares closed at 399.10 on November 26, 2024 (NSE) and has given 4.12% returns over the last 6 months and 8.97% over the last 12 months.

2024-11-28 11:15

2024-11-28

11:15

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/alpa-labs-consolidated-september-2024-net-sales-at-rs-24-94-crore-down-23-02-y-o-y-12878477.html

Alpa Labs Consolidated September 2024 Net Sales at Rs 24.94 crore, down 23.02% Y-o-Y

Reported Consolidated quarterly numbers for Alpa Laboratories are: Net Sales at Rs 24.94 crore in September 2024 down 23.02% from Rs. 32.39 crore in September 2023. Quarterly Net Profit at Rs. 7.69 crore in September 2024 up 32.77% from Rs. 5.79 crore in September 2023. EBITDA stands at Rs. 10.23 crore in September 2024 up 62.38% from Rs. 6.30 crore in September 2023. Alpa Labs EPS has increased to Rs. 3.66 in September 2024 from Rs. 2.75 in September 2023. Alpa Labs shares closed at 110.18 on November 26, 2024 (NSE) and has given 22.02% returns over the last 6 months and 12.54% over the last 12 months.

2024-11-28 11:14

2024-11-28

11:14

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/concord-drugs-consolidated-september-2024-net-sales-at-rs-12-36-crore-up-64-44-y-o-y-12878481.html

Concord Drugs Consolidated September 2024 Net Sales at Rs 12.36 crore, up 64.44% Y-o-Y

Reported Consolidated quarterly numbers for Concord Drugs are: Net Sales at Rs 12.36 crore in September 2024 up 64.44% from Rs. 7.52 crore in September 2023. Quarterly Net Profit at Rs. 0.04 crore in September 2024 down 92.27% from Rs. 0.56 crore in September 2023. EBITDA stands at Rs. 0.87 crore in September 2024 down 45.96% from Rs. 1.61 crore in September 2023. Concord Drugs EPS has decreased to Rs. 0.04 in September 2024 from Rs. 0.60 in September 2023. Concord Drugs shares closed at 35.44 on November 27, 2024 (BSE) and has given -6.59% returns over the last 6 months and 0.45% over the last 12 months.

2024-11-28 11:14

2024-11-28

11:14

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/kinetic-eng-consolidated-september-2024-net-sales-at-rs-35-47-crore-down-4-14-y-o-y-12878475.html

Kinetic Eng Consolidated September 2024 Net Sales at Rs 35.47 crore, down 4.14% Y-o-Y

Reported Consolidated quarterly numbers for Kinetic Engineering are: Net Sales at Rs 35.47 crore in September 2024 down 4.14% from Rs. 37.00 crore in September 2023. Quarterly Net Profit at Rs. 2.15 crore in September 2024 up 27.98% from Rs. 1.68 crore in September 2023. EBITDA stands at Rs. 4.73 crore in September 2024 down 7.44% from Rs. 5.11 crore in September 2023. Kinetic Eng EPS has increased to Rs. 0.97 in September 2024 from Rs. 0.82 in September 2023. Kinetic Eng shares closed at 160.15 on November 27, 2024 (BSE) and has given -10.95% returns over the last 6 months and 21.37% over the last 12 months.

2024-11-28 11:14

2024-11-28

11:14

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/newtime-infra-consolidated-september-2024-net-sales-at-rs-1-73-crore-up-15-53-y-o-y-12878482.html

Newtime Infra Consolidated September 2024 Net Sales at Rs 1.73 crore, up 15.53% Y-o-Y

Reported Consolidated quarterly numbers for Newtime Infrastructure are: Net Sales at Rs 1.73 crore in September 2024 up 15.53% from Rs. 1.50 crore in September 2023. Quarterly Net Loss at Rs. 1.18 crore in September 2024 down 226.09% from Rs. 0.36 crore in September 2023. EBITDA stands at Rs. 0.26 crore in September 2024 down 73.2% from Rs. 0.97 crore in September 2023. Newtime Infra shares closed at 8.33 on November 27, 2024 (BSE) and has given -56.41% returns over the last 6 months and -14.65% over the last 12 months.

2024-11-28 11:14

2024-11-28

11:14

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/wockhardt-consolidated-september-2024-net-sales-at-rs-809-00-crore-up-7-44-y-o-y-12878479.html

Wockhardt Consolidated September 2024 Net Sales at Rs 809.00 crore, up 7.44% Y-o-Y

Reported Consolidated quarterly numbers for Wockhardt are: Net Sales at Rs 809.00 crore in September 2024 up 7.44% from Rs. 753.00 crore in September 2023. Quarterly Net Loss at Rs. 22.00 crore in September 2024 up 71.43% from Rs. 77.00 crore in September 2023. EBITDA stands at Rs. 119.00 crore in September 2024 up 23.96% from Rs. 96.00 crore in September 2023. Wockhardt shares closed at 1,344.45 on November 26, 2024 (NSE) and has given 139.78% returns over the last 6 months and 306.36% over the last 12 months.

2024-11-28 11:14

2024-11-28

11:14

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/nectar-life-consolidated-september-2024-net-sales-at-rs-428-10-crore-up-7-57-y-o-y-12878478.html

Nectar Life Consolidated September 2024 Net Sales at Rs 428.10 crore, up 7.57% Y-o-Y

Reported Consolidated quarterly numbers for Nectar Lifesciences are: Net Sales at Rs 428.10 crore in September 2024 up 7.57% from Rs. 397.96 crore in September 2023. Quarterly Net Profit at Rs. 5.60 crore in September 2024 up 451.45% from Rs. 1.02 crore in September 2023. EBITDA stands at Rs. 44.02 crore in September 2024 up 17.48% from Rs. 37.47 crore in September 2023. Nectar Life EPS has increased to Rs. 0.25 in September 2024 from Rs. 0.05 in September 2023. Nectar Life shares closed at 33.00 on November 27, 2024 (NSE) and has given 0.00% returns over the last 6 months and 8.20% over the last 12 months.

2024-11-28 11:14

2024-11-28

11:14

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/gennex-labs-consolidated-september-2024-net-sales-at-rs-31-55-crore-up-79-46-y-o-y-12878483.html

Gennex Labs Consolidated September 2024 Net Sales at Rs 31.55 crore, up 79.46% Y-o-Y

Reported Consolidated quarterly numbers for Gennex Laboratories are: Net Sales at Rs 31.55 crore in September 2024 up 79.46% from Rs. 17.58 crore in September 2023. Quarterly Net Profit at Rs. 4.83 crore in September 2024 up 57.43% from Rs. 3.07 crore in September 2023. EBITDA stands at Rs. 7.46 crore in September 2024 up 29.29% from Rs. 5.77 crore in September 2023. Gennex Labs EPS has increased to Rs. 0.21 in September 2024 from Rs. 0.17 in September 2023. Gennex Labs shares closed at 18.88 on November 27, 2024 (BSE) and has given 0.21% returns over the last 6 months and 17.56% over the last 12 months.

2024-11-28 11:14

2024-11-28

11:14

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/bal-pharma-consolidated-september-2024-net-sales-at-rs-73-69-crore-down-20-37-y-o-y-12878492.html

Bal Pharma Consolidated September 2024 Net Sales at Rs 73.69 crore, down 20.37% Y-o-Y

Reported Consolidated quarterly numbers for Bal Pharma are: Net Sales at Rs 73.69 crore in September 2024 down 20.37% from Rs. 92.54 crore in September 2023. Quarterly Net Profit at Rs. 1.04 crore in September 2024 up 9.98% from Rs. 0.95 crore in September 2023. EBITDA stands at Rs. 7.49 crore in September 2024 down 4.46% from Rs. 7.84 crore in September 2023. Bal Pharma EPS has increased to Rs. 0.65 in September 2024 from Rs. 0.62 in September 2023. Bal Pharma shares closed at 129.07 on November 27, 2024 (NSE) and has given 28.75% returns over the last 6 months and 23.81% over the last 12 months.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/sandu-pharma-consolidated-september-2024-net-sales-at-rs-17-70-crore-up-6-61-y-o-y-12878486.html

Sandu Pharma Consolidated September 2024 Net Sales at Rs 17.70 crore, up 6.61% Y-o-Y

Reported Consolidated quarterly numbers for Sandu Pharmaceuticals are: Net Sales at Rs 17.70 crore in September 2024 up 6.61% from Rs. 16.61 crore in September 2023. Quarterly Net Profit at Rs. 0.50 crore in September 2024 down 10.05% from Rs. 0.55 crore in September 2023. EBITDA stands at Rs. 0.94 crore in September 2024 up 3.3% from Rs. 0.91 crore in September 2023. Sandu Pharma EPS has increased to Rs. 1.95 in September 2024 from Rs. 0.57 in September 2023. Sandu Pharma shares closed at 58.14 on November 27, 2024 (BSE) and has given -1.87% returns over the last 6 months and -14.42% over the last 12 months.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/kerala-ayur-consolidated-september-2024-net-sales-at-rs-31-85-crore-up-21-72-y-o-y-12878491.html

Kerala Ayur Consolidated September 2024 Net Sales at Rs 31.85 crore, up 21.72% Y-o-Y

Reported Consolidated quarterly numbers for Kerala Ayurveda are: Net Sales at Rs 31.85 crore in September 2024 up 21.72% from Rs. 26.17 crore in September 2023. Quarterly Net Profit at Rs. 3.42 crore in September 2024 up 2752.25% from Rs. 0.13 crore in September 2023. EBITDA stands at Rs. 6.17 crore in September 2024 up 691.03% from Rs. 0.78 crore in September 2023. Kerala Ayur EPS has increased to Rs. 0.30 in September 2024 from Rs. 0.07 in September 2023. Kerala Ayur shares closed at 315.05 on November 27, 2024 (BSE) and has given 7.93% returns over the last 6 months and 23.79% over the last 12 months.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/will-elon-musks-tesla-starlink-enter-india-piyush-goyals-response-12878449.html

Will Elon Musk's Tesla, Starlink enter India? Piyush Goyal's response

Piyush Goyal (File).

Union Commerce Minister Piyush Goyal on Thursday said that India does not see any problems with the incoming Donald Trump administration and described the US President-elect as a friend. "Trump is a friend and this friendship will only blossom and grow further," Goyal said during a press conference. He said that he does not foresee any issues with the Trump administration and credited Prime Minister Narendra Modi for fostering good relationships across countries. The Union minister added that India's relationship with US has gotten better over the last decade. Regarding the potential entry of Elon Musk's Tesla and Starlink into India, Goyal clarified that there are no discussions on that front as of now. "To my knowledge there has been no talks regarding Tesla or Starlink." There are speculations that Musk, who is a strong supporter of Donald Trump and is part of the new administration, may find it easier to get regulatory support in India under the new US administration. Earlier this year, Musk canceled his visit to India, temporarily derailing his ambitious plans to enter the Indian electric vehicle and broadband markets. During the presser, Goyal also said the Narendra Modi government will examine how to further strengthen India's economic partnership with the US under Trump 2.0.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/panacea-biotec-consolidated-september-2024-net-sales-at-rs-147-35-crore-up-3-03-y-o-y-12878487.html

Panacea Biotec Consolidated September 2024 Net Sales at Rs 147.35 crore, up 3.03% Y-o-Y

Reported Consolidated quarterly numbers for Panacea Biotec are: Net Sales at Rs 147.35 crore in September 2024 up 3.03% from Rs. 143.02 crore in September 2023. Quarterly Net Profit at Rs. 4.80 crore in September 2024 up 157.9% from Rs. 8.29 crore in September 2023. EBITDA stands at Rs. 11.65 crore in September 2024 up 3630.3% from Rs. 0.33 crore in September 2023. Panacea Biotec EPS has increased to Rs. 0.77 in September 2024 from Rs. 1.35 in September 2023. Panacea Biotec shares closed at 416.95 on November 26, 2024 (NSE) and has given 207.03% returns over the last 6 months and 160.19% over the last 12 months.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/shilpa-consolidated-september-2024-net-sales-at-rs-343-80-crore-up-9-85-y-o-y-12878490.html

Shilpa Consolidated September 2024 Net Sales at Rs 343.80 crore, up 9.85% Y-o-Y

Reported Consolidated quarterly numbers for Shilpa Medicare are: Net Sales at Rs 343.80 crore in September 2024 up 9.85% from Rs. 312.98 crore in September 2023. Quarterly Net Profit at Rs. 17.94 crore in September 2024 up 1039.04% from Rs. 1.57 crore in September 2023. EBITDA stands at Rs. 90.99 crore in September 2024 up 46.5% from Rs. 62.11 crore in September 2023. Shilpa EPS has increased to Rs. 1.83 in September 2024 from Rs. 0.19 in September 2023. Shilpa shares closed at 894.55 on November 26, 2024 (NSE) and has given 81.34% returns over the last 6 months and 143.95% over the last 12 months.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/praveg-consolidated-september-2024-net-sales-at-rs-31-44-crore-up-124-03-y-o-y-12878484.html

PRAVEG Consolidated September 2024 Net Sales at Rs 31.44 crore, up 124.03% Y-o-Y

Reported Consolidated quarterly numbers for PRAVEG are: Net Sales at Rs 31.44 crore in September 2024 up 124.03% from Rs. 14.03 crore in September 2023. Quarterly Net Profit at Rs. 1.40 crore in September 2024 down 33.02% from Rs. 2.10 crore in September 2023. EBITDA stands at Rs. 10.58 crore in September 2024 up 136.69% from Rs. 4.47 crore in September 2023. PRAVEG EPS has decreased to Rs. 0.55 in September 2024 from Rs. 0.98 in September 2023. PRAVEG shares closed at 710.35 on November 27, 2024 (BSE) and has given -17.49% returns over the last 6 months and 11.59% over the last 12 months.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/lincoln-pharma-consolidated-september-2024-net-sales-at-rs-161-21-crore-up-3-35-y-o-y-12878485.html

Lincoln Pharma Consolidated September 2024 Net Sales at Rs 161.21 crore, up 3.35% Y-o-Y

Reported Consolidated quarterly numbers for Lincoln Pharmaceuticals are: Net Sales at Rs 161.21 crore in September 2024 up 3.35% from Rs. 155.99 crore in September 2023. Quarterly Net Profit at Rs. 26.33 crore in September 2024 down 4.79% from Rs. 27.65 crore in September 2023. EBITDA stands at Rs. 38.35 crore in September 2024 down 3.74% from Rs. 39.84 crore in September 2023. Lincoln Pharma EPS has decreased to Rs. 13.15 in September 2024 from Rs. 13.81 in September 2023. Lincoln Pharma shares closed at 634.00 on November 26, 2024 (NSE) and has given 10.70% returns over the last 6 months and -2.91% over the last 12 months.

2024-11-28 11:13

2024-11-28

11:13

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/mangalam-seeds-consolidated-september-2024-net-sales-at-rs-21-95-crore-up-41-54-y-o-y-12878379.html

Mangalam Seeds Consolidated September 2024 Net Sales at Rs 21.95 crore, up 41.54% Y-o-Y

Reported Consolidated quarterly numbers for Mangalam Seeds are: Net Sales at Rs 21.95 crore in September 2024 up 41.54% from Rs. 15.51 crore in September 2023. Quarterly Net Profit at Rs. 1.64 crore in September 2024 down 43.82% from Rs. 2.92 crore in September 2023. EBITDA stands at Rs. 3.65 crore in September 2024 down 20.48% from Rs. 4.59 crore in September 2023. Mangalam Seeds EPS has decreased to Rs. 1.50 in September 2024 from Rs. 2.66 in September 2023. Mangalam Seeds shares closed at 200.25 on November 27, 2024 (BSE) and has given -31.00% returns over the last 6 months and -13.46% over the last 12 months.

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/mukka-proteins-consolidated-september-2024-net-sales-at-rs-149-19-crore-down-55-04-y-o-y-12878384.html

Mukka Proteins Consolidated September 2024 Net Sales at Rs 149.19 crore, down 55.04% Y-o-Y

Reported Consolidated quarterly numbers for Mukka Proteins are: Net Sales at Rs 149.19 crore in September 2024 down 55.04% from Rs. 331.87 crore in September 2023. Quarterly Net Profit at Rs. 2.08 crore in September 2024 down 92.64% from Rs. 28.27 crore in September 2023. EBITDA stands at Rs. 12.71 crore in September 2024 down 69.99% from Rs. 42.35 crore in September 2023. Mukka Proteins EPS has decreased to Rs. 0.07 in September 2024 from Rs. 1.29 in September 2023. Mukka Proteins shares closed at 40.88 on November 26, 2024 (NSE)

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/milkfood-consolidated-september-2024-net-sales-at-rs-80-40-crore-down-24-01-y-o-y-12878383.html

Milkfood Consolidated September 2024 Net Sales at Rs 80.40 crore, down 24.01% Y-o-Y

Reported Consolidated quarterly numbers for Milkfood are: Net Sales at Rs 80.40 crore in September 2024 down 24.01% from Rs. 105.80 crore in September 2023. Quarterly Net Profit at Rs. 0.90 crore in September 2024 down 73.91% from Rs. 3.45 crore in September 2023. EBITDA stands at Rs. 5.98 crore in September 2024 down 28.89% from Rs. 8.41 crore in September 2023. Milkfood EPS has decreased to Rs. 0.37 in September 2024 from Rs. 7.06 in September 2023. Milkfood shares closed at 108.35 on November 27, 2024 (BSE) and has given -16.78% returns over the last 6 months and -28.74% over the last 12 months.

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/gokul-refoils-consolidated-september-2024-net-sales-at-rs-855-97-crore-down-7-71-y-o-y-12878381.html

Gokul Refoils Consolidated September 2024 Net Sales at Rs 855.97 crore, down 7.71% Y-o-Y

Reported Consolidated quarterly numbers for Gokul Refoils and Solvent are: Net Sales at Rs 855.97 crore in September 2024 down 7.71% from Rs. 927.43 crore in September 2023. Quarterly Net Profit at Rs. 5.14 crore in September 2024 up 209.53% from Rs. 4.70 crore in September 2023. EBITDA stands at Rs. 17.00 crore in September 2024 down 18.07% from Rs. 20.75 crore in September 2023. Gokul Refoils EPS has increased to Rs. 0.52 in September 2024 from Rs. 0.47 in September 2023. Gokul Refoils shares closed at 54.53 on November 26, 2024 (NSE) and has given 21.72% returns over the last 6 months and 28.61% over the last 12 months.

2024-11-28 10:58

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10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/shreeoswal-seed-consolidated-september-2024-net-sales-at-rs-67-69-crore-up-3-26-y-o-y-12878378.html

Shreeoswal Seed Consolidated September 2024 Net Sales at Rs 67.69 crore, up 3.26% Y-o-Y

Reported Consolidated quarterly numbers for Shreeoswal Seeds & Chemicals are: Net Sales at Rs 67.69 crore in September 2024 up 3.26% from Rs. 65.55 crore in September 2023. Quarterly Net Profit at Rs. 0.32 crore in September 2024 down 50.13% from Rs. 0.64 crore in September 2023. EBITDA stands at Rs. 1.53 crore in September 2024 down 36.51% from Rs. 2.41 crore in September 2023. Shreeoswal Seed EPS has decreased to Rs. 0.04 in September 2024 from Rs. 0.15 in September 2023. Shreeoswal Seed shares closed at 20.81 on November 26, 2024 (NSE) and has given -24.74% returns over the last 6 months and -59.23% over the last 12 months.

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/sayaji-industri-consolidated-september-2024-net-sales-at-rs-214-78-crore-down-2-63-y-o-y-12878382.html

Sayaji Industri Consolidated September 2024 Net Sales at Rs 214.78 crore, down 2.63% Y-o-Y

Reported Consolidated quarterly numbers for Sayaji Industries are: Net Sales at Rs 214.78 crore in September 2024 down 2.63% from Rs. 220.57 crore in September 2023. Quarterly Net Profit at Rs. 0.59 crore in September 2024 up 150.6% from Rs. 1.17 crore in September 2023. EBITDA stands at Rs. 12.49 crore in September 2024 up 357.51% from Rs. 2.73 crore in September 2023. Sayaji Industri EPS has increased to Rs. 0.94 in September 2024 from Rs. 1.86 in September 2023. Sayaji Industri shares closed at 310.45 on November 27, 2024 (BSE) and has given 76.84% returns over the last 6 months and 73.53% over the last 12 months.

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/bse-limited-consolidated-september-2024-net-sales-at-rs-813-30-crore-up-124-66-y-o-y-12878377.html

BSE Limited Consolidated September 2024 Net Sales at Rs 813.30 crore, up 124.66% Y-o-Y

Reported Consolidated quarterly numbers for BSE Limited are: Net Sales at Rs 813.30 crore in September 2024 up 124.66% from Rs. 362.02 crore in September 2023. Quarterly Net Profit at Rs. 346.75 crore in September 2024 up 187.76% from Rs. 120.50 crore in September 2023. EBITDA stands at Rs. 461.66 crore in September 2024 up 137.74% from Rs. 194.19 crore in September 2023. BSE Limited EPS has increased to Rs. 25.25 in September 2024 from Rs. 8.77 in September 2023. BSE Limited shares closed at 4,476.25 on November 26, 2024 (NSE) and has given 65.57% returns over the last 6 months and 90.58% over the last 12 months.

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/ion-exchange-consolidated-september-2024-net-sales-at-rs-644-47-crore-up-20-92-y-o-y-12878375.html

Ion Exchange Consolidated September 2024 Net Sales at Rs 644.47 crore, up 20.92% Y-o-Y

Reported Consolidated quarterly numbers for Ion Exchange (India) are: Net Sales at Rs 644.47 crore in September 2024 up 20.92% from Rs. 532.97 crore in September 2023. Quarterly Net Profit at Rs. 50.94 crore in September 2024 up 19.86% from Rs. 42.50 crore in September 2023. EBITDA stands at Rs. 82.65 crore in September 2024 up 18.16% from Rs. 69.95 crore in September 2023. Ion Exchange EPS has increased to Rs. 4.29 in September 2024 from Rs. 3.59 in September 2023. Ion Exchange shares closed at 643.20 on November 26, 2024 (NSE) and has given 15.89% returns over the last 6 months and 12.01% over the last 12 months.

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/kaveri-seed-consolidated-september-2024-net-sales-at-rs-137-44-crore-down-19-78-y-o-y-12878380.html

Kaveri Seed Consolidated September 2024 Net Sales at Rs 137.44 crore, down 19.78% Y-o-Y

Reported Consolidated quarterly numbers for Kaveri Seed Company are: Net Sales at Rs 137.44 crore in September 2024 down 19.78% from Rs. 171.32 crore in September 2023. Quarterly Net Loss at Rs. 0.67 crore in September 2024 down 104.86% from Rs. 13.72 crore in September 2023. EBITDA stands at Rs. 11.26 crore in September 2024 down 54.56% from Rs. 24.78 crore in September 2023. Kaveri Seed shares closed at 872.25 on November 26, 2024 (NSE) and has given 2.54% returns over the last 6 months and 47.60% over the last 12 months.

2024-11-28 10:58

2024-11-28

10:58

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/kellton-tech-consolidated-september-2024-net-sales-at-rs-270-69-crore-up-12-51-y-o-y-12878388.html

Kellton Tech Consolidated September 2024 Net Sales at Rs 270.69 crore, up 12.51% Y-o-Y

Reported Consolidated quarterly numbers for Kellton Tech Solutions are: Net Sales at Rs 270.69 crore in September 2024 up 12.51% from Rs. 240.58 crore in September 2023. Quarterly Net Profit at Rs. 19.66 crore in September 2024 up 18.95% from Rs. 16.53 crore in September 2023. EBITDA stands at Rs. 32.68 crore in September 2024 up 21.76% from Rs. 26.84 crore in September 2023. Kellton Tech EPS has increased to Rs. 2.06 in September 2024 from Rs. 1.78 in September 2023. Kellton Tech shares closed at 149.95 on November 26, 2024 (NSE) and has given 59.78% returns over the last 6 months and 73.96% over the last 12 months.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/jagatjit-ind-consolidated-september-2024-net-sales-at-rs-137-18-crore-down-2-19-y-o-y-12878391.html

Jagatjit Ind Consolidated September 2024 Net Sales at Rs 137.18 crore, down 2.19% Y-o-Y

Reported Consolidated quarterly numbers for Jagatjit Industries are: Net Sales at Rs 137.18 crore in September 2024 down 2.19% from Rs. 140.25 crore in September 2023. Quarterly Net Loss at Rs. 7.98 crore in September 2024 down 435.29% from Rs. 2.38 crore in September 2023. EBITDA stands at Rs. 1.42 crore in September 2024 down 87.51% from Rs. 11.37 crore in September 2023. Jagatjit Ind shares closed at 241.85 on November 27, 2024 (BSE) and has given 29.02% returns over the last 6 months and 15.33% over the last 12 months.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/blue-cloud-consolidated-september-2024-net-sales-at-rs-235-27-crore-up-170-83-y-o-y-12878389.html

Blue Cloud Consolidated September 2024 Net Sales at Rs 235.27 crore, up 170.83% Y-o-Y

Reported Consolidated quarterly numbers for Blue Cloud Softech Solutions are: Net Sales at Rs 235.27 crore in September 2024 up 170.83% from Rs. 86.87 crore in September 2023. Quarterly Net Profit at Rs. 11.35 crore in September 2024 up 332.77% from Rs. 2.62 crore in September 2023. EBITDA stands at Rs. 17.73 crore in September 2024 up 501.02% from Rs. 2.95 crore in September 2023. Blue Cloud EPS has increased to Rs. 0.52 in September 2024 from Rs. 0.16 in September 2023. Blue Cloud shares closed at 141.00 on November 27, 2024 (BSE) and has given 93.18% returns over the last 6 months and 93.73% over the last 12 months.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/kings-infra-consolidated-september-2024-net-sales-at-rs-30-47-crore-up-43-51-y-o-y-12878386.html

Kings Infra Consolidated September 2024 Net Sales at Rs 30.47 crore, up 43.51% Y-o-Y

Reported Consolidated quarterly numbers for Kings Infra Ventures are: Net Sales at Rs 30.47 crore in September 2024 up 43.51% from Rs. 21.23 crore in September 2023. Quarterly Net Profit at Rs. 3.47 crore in September 2024 up 59.45% from Rs. 2.18 crore in September 2023. EBITDA stands at Rs. 6.16 crore in September 2024 up 56.74% from Rs. 3.93 crore in September 2023. Kings Infra EPS has increased to Rs. 1.42 in September 2024 from Rs. 0.93 in September 2023. Kings Infra shares closed at 142.70 on November 27, 2024 (BSE) and has given -15.64% returns over the last 6 months and -6.55% over the last 12 months.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/nms-resources-consolidated-september-2024-net-sales-at-rs-2-49-crore-down-45-1-y-o-y-12878385.html

NMS Resources Consolidated September 2024 Net Sales at Rs 2.49 crore, down 45.1% Y-o-Y

Reported Consolidated quarterly numbers for NMS Resources Global are: Net Sales at Rs 2.49 crore in September 2024 down 45.1% from Rs. 4.54 crore in September 2023. Quarterly Net Profit at Rs. 0.08 crore in September 2024 down 75.54% from Rs. 0.32 crore in September 2023. EBITDA stands at Rs. 0.31 crore in September 2024 down 27.91% from Rs. 0.43 crore in September 2023. NMS Resources EPS has decreased to Rs. 0.26 in September 2024 from Rs. 1.05 in September 2023. NMS Resources shares closed at 63.90 on November 27, 2024 (BSE) and has given -1.69% returns over the last 6 months and -8.15% over the last 12 months.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/adithya-aqua-consolidated-september-2024-net-sales-at-rs-235-27-crore-up-170-83-y-o-y-12878390.html

Adithya Aqua Consolidated September 2024 Net Sales at Rs 235.27 crore, up 170.83% Y-o-Y

Reported Consolidated quarterly numbers for Adithya Aqua Culture are: Net Sales at Rs 235.27 crore in September 2024 up 170.83% from Rs. 86.87 crore in September 2023. Quarterly Net Profit at Rs. 11.35 crore in September 2024 up 332.77% from Rs. 2.62 crore in September 2023. EBITDA stands at Rs. 17.73 crore in September 2024 up 501.02% from Rs. 2.95 crore in September 2023. Adithya Aqua EPS has increased to Rs. 0.52 in September 2024 from Rs. 0.16 in September 2023.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/dhampure-specia-consolidated-september-2024-net-sales-at-rs-8-42-crore-up-10-81-y-o-y-12878392.html

Dhampure Specia Consolidated September 2024 Net Sales at Rs 8.42 crore, up 10.81% Y-o-Y

Reported Consolidated quarterly numbers for Dhampure Specialty Sugars are: Net Sales at Rs 8.42 crore in September 2024 up 10.81% from Rs. 7.60 crore in September 2023. Quarterly Net Profit at Rs. 1.10 crore in September 2024 down 4.41% from Rs. 1.15 crore in September 2023. EBITDA stands at Rs. 2.04 crore in September 2024 up 25.15% from Rs. 1.63 crore in September 2023. Dhampure Specia EPS has decreased to Rs. 1.39 in September 2024 from Rs. 1.45 in September 2023. Dhampure Specia shares closed at 97.35 on November 27, 2024 (BSE) and has given 0.41% returns over the last 6 months and 37.07% over the last 12 months.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/working-in-a-bank-and-nbfc-is-no-different-thanks-to-regulatory-scrutiny-sudipta-roy-md-ceo-lt-finance-12877771.html

Working in a bank and NBFC is no different, thanks to regulatory scrutiny: Sudipta Roy, MD & CEO, L&T Finance

Sudipta Roy, managing director and chief executive officer of L&T Finance.Related stories.

At a time when the Reserve Bank of India (RBI)  is keeping a close eye on banks and non-banking financial companies (NBFCs), Sudipta Roy, managing director and chief executive officer of L&T Finance, who has switched sides from bank to NBFC, does not find any difference in working for the latter because the scrutiny for both is on similar lines. "Working in a bank and working in an NBFC is no difference because of the regulatory scrutiny, all upper-layer NBFCs are scrutinised as well as banks. The upper-layer NBFCs also conduct themselves like banks so, for me, there is absolutely no difference between a bank and an NBFC," Roy told Moneycontrol in an exclusive interview. Roy, who was associated with lenders such as ICICI Bank, Deutsche Bank and Citibank, where he handled portfolios such as consumer finance, cards and retail loans, lending, and payments technology systems, among others, joined L&T Finance over a year ago when the company was trying to turn its business to 100 percent retail NBFC. Roy was appointed MD and CEO of L&T Finance on January 23 but complete charge was handed over in April after the superannuation of predecessor Dinanath Dubhashi. In the July-September quarter of the current financial year, the company achieved around 96 percent retailisation and reduced its wholesale book by around 56 percent on-year to Rs 4,040 crore. During the interview, Roy said that the company would not do big-ticket loans and will remain focused on retail loans. "Wholesale is more or less a closed business. Big wholesale loans, big-ticket loans, lumpy loans—we will not do it," Roy said. Edited excerpts: You have almost completed one year as CEO. How has the transition been from bank to NBFC? I didn't feel any difference. You do the same products on the asset side. We do not manage people's cash. In a way, NBFCs are like half a bank, on the asset side. Working in a bank and working in an NBFC is no different because of the regulatory scrutiny, all upper-layer NBFCs are scrutinised as well as banks. The upper-layer NBFCs also conduct themselves like banks so, for me, there is absolutely no difference between a bank and an NBFC. How do you want to position L&T Finance in the next three years? We are trying to position ourselves as a digital first, digital native lender. If you are a good customer with a great credit standing, L&T Finance will give you the best loan. We want to position ourselves as a digital native lender which actually underwrites the customer holistically and gives the customer the best possible offers, much better than anyone else. On the servicing side, we would probably work much better than many others because of service stack digitisation as well. Overall, we want to position ourselves as a standout digitally native NBFC, what we have originally defined as fintech at scale. Fully native digital means digital in all our processes and systems. All our processes, whether its interacting with customers, collecting from customers, servicing our customers—there should not be a single piece of paper flowing around and it should be a completely digitised NBFC, and the term probably is digital native. Do you have any plans for reorienting the business and look at wholesale loans again? For us, wholesale is more or less a closed business. We have decided that it will be a fully diversified retail NBFC. We will do business loans and we will do supply chain finance, which are the closest to wholesale. Big wholesale loans, big-ticket loans, lumpy loans—we will not do it. As NBFCs are regulated mostly like banks now, what challenges do you face? There is a no difference. We are all on the ECL (expected credit loss)  model (a framework under the IFRS accounting standard). The ECL model puts far more stress on management as well as on the teams that run businesses to be far sharper. NBFCs in India, especially the upper-layer NBFCs are probably conducting themselves at a level equal to banks. Do you think there is a need for more tightening of norms from RBI for NBFCs? The RBI's actions are not NBFC-specific, the actions are financial services industry-specific. The RBI has picking up themes and those themes apply to banks, NBFCs as well as fintechs, all participants in the financial ecosystem. The RBI is generally trying to sort of align the financial services industry to certain core principles of theirs and whoever is involved in those businesses, whether it be a bank or NBFC, have to get aligned. There is no stringent regulations required for NBFCs. Whatever is there is very much enough for supervision of NBFCs and I don't think any separate stringency is required for NBFCs separately. After three large partnerships, what's the way forward for the consumer lending business? We termed these partners as mega partners. Rather than working with too many partners, we would like to work with a few large partners. Amazon, (the partnership) which we launched now, is a major one. CRED and PhonePe are also big ones. We want to work with mega partners because most they have a lot of data on customers who transact on their platform and they are able to profile these customers better. When the customer comes to us, it is as qualified customers. If I want to lend to salaried customers or want to build a prime or a prime-plus book, these partners are able to slice and dice their portfolios better and give us those customers with whom we would like to underwrite. It gives me a much safer portfolio and allows for a larger speed of scale-up in a safe manner. The prime portion of the personal loans portfolio is operating well. We haven't seen signs of stress in the prime and the prime-plus portfolio of personal loans and we want to expand in this segment. I believe 15 - 20 percent year-on-year growth in this business is achievable and it can be done in a safe and a sound manner. Would you extend your partnership to other loans also? Partnerships are multi-loan products. With PhonePe, we launched with mortgages and a few more products are getting added soon. With PhonePe, we are live on two-wheelers loans also. On Amazon, we will go live on personal loans soon. We are also focused on doing mortgages, LAP (loans against property), SME (small and medium enterprise) loans and two-wheeler loans. What could be the ratio between your partners and your own platform? In about two and half years from now, 40 percent of our business will come from our partner channels and 60 percent will be originated by L&T Finance. How do you see net interest margins (NIMs)  playing out? Margins have improved from when we started defocusing wholesale. From 9.5 percent in Q1FY24 it has gone up to almost 10.86 percent in the last quarter (Q2Fy25). For two quarters (Q1FY25 and Q2FY25), it had hit 11 percent-plus because we have MFI (microfinance)  loans, which is a high-yield business. We are balancing between secured and unsecured (loans) and have guided the markets that our NIMs plus fees should be 10.5 - 11 percent. We are already at 10.86 percent. We are hopeful that the downward rate of the RBI rate cycle will probably start from January or February of next year and we are hopeful that as the edge on the cost of funds increases, we will be able to sustain our guidance on margins. MFI loans account for over 5 percent of your loan book. What is the guidance on this front? We had 5.4 percent of the total loan book as of September-end. In October the share fell to 5 percent, which is LTF plus 4. LTF plus 4 means borrowers having loans with associates other than L&T Finance. Starting January this year, we had put in the guardrail of LTF plus 2, that means if anyone has more than two loans other than our loan, we will not lend to them, whether it's a fresh or a repeat loan. Because of this, most of the leverage portfolio has reduced. By end-November, we expect this proportion to fall further. In six months, we expect that this particular portion of the book will wash away. Probably by the end of this financial year, we will be close to maybe 2 percent or so because from January of 2024, we are not disbursing to anyone who is LTF plus 2. We have tempered down our MFI disbursement because it is tough to disburse when the industry is seeing stress. If you see on a quarter-on-quarter basis, the growth rate has reduced by about 7 percent. When your mainline business witnesses a bit of a slowdown, it can impact revenues, which is possible in Q3. By Q4, I expect MFI disbursements to go up slightly, but still muted. Full normalcy is expected only by Q1FY26. Do you think that an interest rate cap is required for MFIs to bring down the stress? The industry is working on bringing down the rates. I do not think the interest rate cap is required.

2024-11-28 10:57

2024-11-28

10:57

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/nbcc-india-surges-5-after-firm-secures-orders-worth-rs-916-crore-12878431.html

NBCC India surges 5% after firm secures orders worth Rs 916 crore

NBCC India shares are up 82 percent year to date..Related stories.

Shares of NBCC India surged as much as 5 percent in trade on November 28 as investors cheered for the company's recent order wins, worth a cumulative Rs 919 crore. At 10.42 am, shares ofNBCC Indiawere trading at Rs 98.67 on the NSE. The surge in the stock price was also triggered by a spike in trading volumes in the counter. As much as one crore shares changed hands on the exchanges so far, much higher than the one-month daily traded average of 81 lakh shares. The first order, worth Rs 600 crore was awarded by Housing & Urban Development Corporation Limited (HUDCO) for the development of 10 acre institutional plot at Noida, with NBCC India taking on the role of the project management consultant. The other order was touted by the ST & SC Development, Minorities & Backward Classes WelfareDepartment, Government of Odisha, was worth Rs 316 crore. The order involved the upgradation of the primary school hostel under the State Sector Scheme at various locations in Odisha. Follow our market blog to catch all the live action Earlier this month, NBCC also bagged a Rs 500 crore order from the Bureau of Indian Standards (BIS) to construct buildings at five BIS locations. Aside from this, Mahatma Gandhi Kashi Vidyapith University, Varanasi, also awarded a Rs 44 crore contract to NBCC for the construction of a multipurpose examination hall-cum-innovation center. The company also secured a Rs 5 crore contract from Sampurnanand Sanskrit University, Varanasi, for the repair and renovation of Panani Bhawan/academic block. Another order worth Rs 186.46 crore contract was received for the renovation of the Power Grid Corporation of India's corporate office building located in Gurugram, Haryana.

2024-11-28 10:56

2024-11-28

10:56

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/hdfc-bank-market-cap-crosses-rs-14-lakh-crore-for-first-time-ever-stock-up-over-5-in-1-week-12878422.html

HDFC Bank market cap crosses Rs 14 lakh crore for first time ever, stock up over 5% in 1 week

HDFC Bank market cap crosses Rs 14 lakh crore for the first time ever..Related stories.

HDFC Bank market cap briefly crossed the Rs 14 lakh crore mark for the first time ever in November 28 trade. The shares of the banking heavyweight were trading in green in the morning trade. At around 10.30 am, theHDFC Bankstock quoted at Rs 1,825.90 per share on the NSE, up marginally by 0.75 percent. A total of 93,000 shares changed hands today of HDFC Bank generating a total turnover of Rs 16.92 crore. The large cap company's market cap briefly crossed Rs 14 lakh crore, as per BSE website. The shares of the company have a PE of 20.98x. In volume terms, over 55 lakh shares of the company were traded on the NSE till 10.30 am. The stock has gained 17.94 percent in the last six months, outperforming the benchmark Sensex, which is up 5.93 percent during the same period. Nifty Bank was up 0.12 percent with 8 out of 12 constituents of the index trading in green. The sharp up trend in the largest private sector lender was seen amid MSCI November rebalancing coming into effect. The Indian equities expected to see net inflows of $2.5 billion from foreign institutional investors (FIIs) as part of the Morgan Stanley Capital International (MSCI) indices' quarterly rebalancing. HDFC Bank, in particular, was in focus due to the anticipated increase in its weightage, which was expected to bring in an estimated $1.88 billion of passive inflows. MSCI had announced this weightage adjustment earlier this year, implementing it in two stages.

2024-11-28 10:55

2024-11-28

10:55

moneycontrol.com

https://www.moneycontrol.com/news/business/stocks/buy-ltimindtree-target-of-rs-7500-sharekhan-2-12878451.html

Buy LTIMindtree; target of Rs 7500: Sharekhan

Buy.

Sharekhan's research report onLTIMindtree Management aspires to achieve $10 billion in revenue aided by its strong foundation across key scaled verticals, marquee clients, deep capabilities, tier-1 partnerships, and leveraging AI as a strategic pivot to drive outcomes. LTIM has closed 45+ large deals in the last 18 months with TCV of $2 billion with deal composition largely from its scaled verticals. The company through Project North Star aims to drive margin expansion and gradually achieve EBIT margin of 17-18%. Outlook We maintain BUY rating with unchanged PT of Rs 7,500. At the CMP, the stock trades at 35.6/29.3/24.5x its FY25/26/27E EPS. For all recommendations report,click here LTIMindtree - 28112024 - khan

2024-11-28 10:54

2024-11-28

10:54

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/india-tops-global-markets-as-trump-re-election-deepens-us-world-divide-12878256.html

India tops global markets as Trump re-election deepens US-World divide

Among the developed markets, France’s CAC 40 has plunged 5.7%, Germany’s DAX is down 2.1%, Japan’s Nikkei has fallen 1.53% and the UK’s FTSE 100 is barely positive, up 0.2%..Related stories.

India’s equity markets are emerging as a rare bright spot in a world dominated by red screens. As Donald Trump’s re-election fuels a dramatic rally in US stocks, major global markets across Europe, Asia, and the Middle East are deep in the red. Yet, India stands out, delivering near-flat returns in dollar terms, showcasing resilience amid global turmoil. India stays strong The Sensex has edged up 0.62% in November, and the Nifty 50 is down just 0.15% in dollar terms. This positions India as the most resilient among major global markets outside the US. Catch all the market action and business updates on out live blog Among the developed markets, France’s CAC 40 has plunged 5.7%, Germany’s DAX is down 2.1%, Japan’s Nikkei has fallen 1.53% and the UK’s FTSE 100 is barely positive, up 0.2%. Asian markets have fared worse, with the Philippines’ PSEi leading losses (-7.74%), followed by Indonesia’s Jakarta Composite (-5.66%) and Korea’s Kospi (-3.1%). China’s CSI 300 (-1.45%) couldn’t escape the slide. Meanwhile, the US is blazing ahead. The Dow Jones has soared 7.1% in November, the S&P 500 gained 5.1%, and the NASDAQ added 5.33%, driven by optimism surrounding Trump’s second term and expectations of pro-growth policies. Why India is resilient India’s resilience is anchored by robust domestic inflows and improving market sentiment. Domestic institutional investors (DIIs) have pumped over Rs4.5 lakh crore into equities in 2024, shielding markets from the impact of significant foreign outflows. “India is in a sweet spot under President Trump,” said Ritesh Jain, founder of Pinetree Macro. “Markets had already corrected in October, so what you’re seeing now is stabilisation.” The country’s resilience also stems from improving investor confidence. Manish Chowdhury, Head of Research at StoxBox, pointed to the BJP’s electoral victory in Maharashtra and hopes for stronger corporate earnings in the second half of FY25 backed by a revival in demand as key drivers. Anand Rathi Research sees an 11% earnings growth for FY25. US markets roaring While US equities continue to gain momentum, foreign investors are retreating to the safety of US markets, pushing the dollar index up by 3%. An easing monetary policy by the US Federal Reserve has bolstered hopes for improved economic performance, supporting corporate earnings and driving gains in US equities. Although lower rates typically encourage a risk-on trade, with capital flowing out of dollar assets into riskier asset classes like emerging markets, investors are betting on Trump’s policies to boost American growth and corporate profitability through tax cuts and tariff barriers. Apurva Sheth, Head of Market Perspectives and Research at SAMCO Securities, said, “This preemptive 'Santa Claus Rally' reflects investor confidence ahead of Trump’s inauguration and his agenda to 'Make America Great Again.'” Global markets struggle Outside the US, markets are reeling. Europe is contending with deteriorating economic data, while Asia faces sluggish growth. The stronger US dollar, buoyant corporate earnings, and expectations of aggressive US trade policies under Trump have added pressure globally. “Trump’s re-election is perceived negatively for Japan, Europe, and China, while India stands out with its relatively stronger positioning,” said Jain. Pinetree Macro’s Jain echoed the same sentiment, saying, “The market is positioning for an 'America First' policy under Trump’s presidency.” India’s growth and valuation As global markets struggle to adjust to Trump’s presidency and a rapidly evolving macroeconomic landscape, India’s stability stands out. With steady domestic inflows, and the recent correction which makes valuations a tad cheaper, sentiment is improving. India’s Nifty 50 trades at a valuation of 19.1x one-year forward earnings, below its historical average, presenting what analysts call an attractive entry point.

2024-11-28 10:54

2024-11-28

10:54

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/godrej-properties-raises-qip-size-to-rs-6000-crore-from-rs-4000-crore-12878370.html

Godrej Properties raises QIP size to Rs 6,000 crore from Rs 4,000 crore

Godrej Properties raises QIP size to Rs 6,000 crore from Rs 4,000 crore.Related stories.

Godrej Properties has raised the qualified institutional placement (QIP) size to Rs 6,000 crore. The company had earlier announced its QIP to sell equity shares to investors for raising up to Rs 4,000 crore to fund its growth plan. In a regulatory filing,Godrej Propertiesinformed that the QIP Placement Committee authorized the opening of the issue on November 27, 2024. Last month, Godrej Properties' board has approved a proposal to raise up to Rs 6,000 crore in fresh funds through a variety of instruments, as part of its broader capital-raising strategy. In November 28 trade, the shares of the company were trading in green at Rs 2,839.65 per share on the NSE, up marginally by 0.20 percent. Godrej Properties, a leading real estate developer in India, has established a strong foothold in major markets, including Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company recently expanded its operations into Hyderabad. In the 2023-24 financial year, the company achieved an 84 percent surge in sales bookings, reaching a record Rs 22,527 crore — the highest among listed real estate firms during the period. Looking ahead, Godrej Properties has set an ambitious target of Rs 27,000 crore in sales bookings. For the first half of the current fiscal year (April-September), the company recorded sales bookings of over Rs 13,800 crore, marking an impressive 89 per cent annual growth. This figure represents the highest-ever booking value for the company in the first six months of a financial year.

2024-11-28 10:49

2024-11-28

10:49

moneycontrol.com

https://www.moneycontrol.com/news/india/eknath-shinde-withdraws-maharashtra-cm-claim-but-these-5-crucial-questions-yet-to-be-answered-12878425.html

Eknath Shinde 'withdraws' Maharashtra CM claim but 5 crucial questions yet to be answered

Related stories.

The impasse over government formation ended on Wednesday when Maharashtra's caretaker Chief Minister and Shiv Sena chief, Eknath Shinde, withdrew his claim for the next CM's post. A day earlier, he called Prime Minister Narendra Modi and assured him that his party would not act as a speed breaker in the process of government formation. With Shinde’s withdrawal, the ball is now in the BJP’s court. Here are five pressing questions regarding the next government, whose answers are eagerly awaited: 1. Who will be BJP's face for CM? Devendra Fadnavis, the prime strategist and the tallest BJP leader in Maharashtra, with strong backing from the RSS, is the frontrunner for the CM post. The general sentiment within the Mahayuti alliance supports him for the role. However, if the central leadership decides to follow the Rajasthan-Madhya Pradesh-Chhattisgarh pattern, a low-profile candidate might be chosen. Names like Ashish Shelar, Vinod Tawde, Sudhir Mungantiwar, Chandrashekhar Bawankule, Chandrakant Patil, and Meghana Bordikar are being discussed in case Fadnavis doesn’t get the nod. 2. Who will be the Deputy CM from the Shiv Sena? It is likely that the Mahayuti alliance will follow the "One CM + Two Deputy CMs" formula. While the BJP is set to retain the CM’s post, the two Deputy CM positions will likely be allocated to the Shiv Sena and the NCP. The big question is whether Eknath Shinde will accept the Deputy CM role after serving as CM for two and a half years. In June 2022, Devendra Fadnavis reluctantly accepted a demotion, but it remains unclear if Shinde will do the same. If Shinde decides to stay out of the government, probable candidates from his party for the post include Srikant Shinde, Uday Samant, and Shambhuraje Desai. 3. What has the BJP offered the Shiv Sena in lieu of the CM post? In politics, every decision comes with calculated gains. A key question now is what Shinde’s party has negotiated in exchange for giving up the CM’s post. Will his party gain more berths in the union and state cabinets? Will they secure key portfolios? 4. How many berths will each constituent of the Mahayuti get in the cabinet? Given its significant number of seats, the BJP is expected to have the largest share of ministerial berths, followed by the Shiv Sena and NCP. Typically, coalition governments use a formula where one ministerial berth is allotted for every X number of MLAs. The value of X is yet to be determined. 5. Which party will get the speaker's post? Traditionally, the single largest party in a coalition gets the Speaker’s post. However, there are precedents where leaders from the second-largest party have held the position. During the MVA tenure, Nana Patole, from the alliance's second-largest party, served as Speaker. Each party strives to place its MLA in the Speaker’s chair to gain an edge during legislative crises. Most of these questions are expected to be answered by the coming weekend.

2024-11-28 10:43

2024-11-28

10:43

moneycontrol.com

https://www.moneycontrol.com/news/india/ed-team-attacked-during-raids-in-delhis-bijwasan-one-official-injured-12878373.html

ED team attacked during raids in Delhi's Bijwasan, one official injured

One Additional Director from the ED sustained injuries during the attack. (Image: Enforcement Directorate).

An Enforcement Directorate (ED) team was attacked while conducting raids in Delhi's Bijwasan area on Thursday in connection with a cyber fraud-linked money laundering case. The attack involved five individuals, one of whom fled the scene. The premises have been secured, and an FIR has been lodged. The incident is related to the ongoing investigation into the PPPYL cyber app fraud. During the attack, one Additional Director of the ED sustained injuries. Shortly after the incident, the ED stated, "The Enforcement Directorate’s High-Intensity Unit (HIU) launched extensive searches today targeting top chartered accountants allegedly linked to a massive cybercrime network operating across India". It further added, "The raids follow an investigation that uncovered the laundering of illicit funds generated from thousands of cybercrimes, including phishing scams, QR code fraud, and part-time job scams". According to officials, the accused, including Ashok Sharma and his brother, allegedly attacked the ED team during the operation. An FIR has been filed, and sources confirmed that the situation is now under control. (With inputs from agencies)

2024-11-28 10:39

2024-11-28

10:39

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/it-index-slides-over-1-as-us-inflation-data-signals-slower-rate-cuts-12878344.html

IT index slides over 1% as US inflation data signals slower rate cuts

At 10:15 AM, the Nifty IT index was down 1 percent, at 43,630, with all 10 constituent stocks falling between 0.3 percent and 1.3 percent..Related stories.

The Nifty IT index fell over 1 percent on November 28, becoming the biggest laggard on the Nifty 50 after U.S. inflation data revealed an increase in consumer spending for October. The data raised concerns that the pace of future rate cuts may be slower than expected, potentially affecting sectors like information technology, which have significant exposure to the U.S. market. Data showed a strong rise in consumer spending in October, indicating that the U.S. economy sustained its robust growth, though efforts to reduce inflation seemed to have stalled. The consumer spending rose 0.4 percent in October, surpassing the expected 0.3 percent gain, following a revised 0.6 percent increase in September. At 10:15 AM, the Nifty IT index was down 1 percent, at 43,630, with all 10 constituent stocks falling between 0.3 percent and 1.3 percent. After a 2 percent drop in September and a 4 percent decline in October, Indian IT stocks had rebounded by nearly 8 percent in November, boosted by the news of U.S. President-elect Donald Trump's return to the White House. Follow our live blog for all the market action In a note released on November 27, brokerage Bernstein maintained its positive outlook, forecasting the beginning of an up-cycle as growth recovers. It cited strength in the BFSI sector and the growing scale of AI deals within the IT services industry. Bernstein expects FY26 to be a normalised year, following growth trends from the second half of FY25. The firm believes that strong order books and reduced leakages will drive growth. Bernstein remains bullish on select large-cap stocks likeInfosysandTCS, which have 50-60 percent exposure to the U.S. and a BFSI mix of about 30 percent. These companies are seen as having stronger customer relationships and better margin resilience. Also Read |Ola Electric stock in full throttle, skyrockets 35% in five days In the small and mid-cap space, Bernstein prefersPersistent Systems, which has an 80 percent U.S. revenue mix, positioning it well for growth in the high teens in the medium term. In the recently concluded September quarter, several IT companies raised their revenue guidance, while their margin outlook remained unchanged. Growth was largely driven by the manufacturing and energy & utilities sectors, with the BFSI vertical showing early signs of recovery. However, the absence of mega deals in FY25 led to a 0.4 percent year-on-year decline in total contract value (TCV) reported by the top five IT firms in H1, according to JM Financial analysts. For FY26, they anticipate that growth will depend on a rebound in short-cycle and discretionary deals.

2024-11-28 10:38

2024-11-28

10:38

moneycontrol.com

https://www.moneycontrol.com/news/business/nazara-technologies-closes-rs-855-crore-funding-round-to-fuel-acquisition-spree-12878387.html

Nazara Technologies closes Rs 855-crore funding round to fuel acquisition spree

Nazara founder founder Nitish Mittersain expects the core gaming business to become the largest revenue generator for the company over the next two or three years..Related stories.

Nazara Technologies has closed a Rs 855-crore funding round, in which new and existing investors participated, to fund its acquisition spree and global expansion. Through this transaction,Nazara Technologiesallotted 89.6 lakh shares (89,59,728) at an issue price of Rs 954.27 a share, the company said on November 28. At 10.29 am, the stock was trading at Rs 1,021 on the National Stock Exchange, up 3 percent from the previous close. The diversified gaming and sports media firm had got the board’s approval for a preferential equity issue toraise Rs 900 crorein September. SBI Innovative Opportunities Fund, a scheme of SBI Mutual Fund, invested Rs 220 crore, while Junomoneta Finsol, an associate firm of Plutus Wealth, infused Rs 150 crore. Investment firm Think Investments pumped in Rs 150 crore. CaratLane co-founder Mithun Sacheti and his brother, Siddharth Sacheti, each invested Rs 75 crore. Other investors include Cohesion MK Best Ideas Sub-Trust with Rs 57 crore, Chartered Finance and Leasing Rs 38 crore, Discovery Investments Rs 35 crore, Ratnabali Investments Rs 35 crore, Meenakshi Mercantiles Rs 15 crore and Aamara Capital invested Rs 5 crore in the gaming firm. This is the second fundraise for Nazara Technologies in a year, following the Rs 760 crore raised from marquee investors such as Zerodha co-founder Nikhil Kamath, ICICI Prudential MF and SBI Mutual Fund in recent months. In October 2021, the company hadraised Rs 315 crorefrom a group of institutional investors, including Singapore sovereign wealth fund GIC-managed investment firm Gamnat Pte and Ahmedabad-based Plutus Wealth Management. Nazara Technologies went public in February 2021. Nazara Technologies, one of the country's oldest gaming firms, has been aggressively pursuing acquisitions to scale and expand its portfolio of businesses. The company  operates in three key sectors - gaming (World Cricket Championship, Kiddopia, Animal Jam, Classic Rummy etc), e-sports (Nodwin Gaming, Sportskeeda), and advertising (Datawrkz). In September, Nazara made its largest bet to date by announcing aninvestment of Rs 982 crorein Moonshine Technology, the parent firm of online poker platform PokerBaazi. The firm also acquired UK-basedgaming studio Fusebox Games for Rs 228 crorein an all-cash deal and purchased a 15.86 percent stake inesports community platform Stan forRs 18.4 crore in cash through a secondary transaction from existing shareholders. Nazara is also buying remaining stakes in its subsidiaries Paper Boat Apps, which owns the gamified learning app Kiddopia, and Nextwave Multimedia, a mobile-gaming studio, to take 100 percent ownership. These deals are part of the company'snew operating model, implemented earlier this year, which aims to bring the core gaming business into the parent entity. This will increase the parent firm's revenue and free cash flow, which can then be deployed for both organic and inorganic growth. In aninterview to Moneycontrolin May, founder Nitish Mittersain said he expects the core gaming business to become the largest revenue generator for the company over the next two or three years. Earlier this month, Nazarareported revenue of Rs 318.9 crorefor the September quarter, a 7.3 growth from the year-ago period. Net profit, however, dipped 32.8 percent to Rs 16.2 crore.

2024-11-28 10:35

2024-11-28

10:35

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/spicejet-shares-fly-3-after-aircastle-withdraws-insolvency-case-amid-settlement-12878369.html

SpiceJet shares fly 3% after Aircastle withdraws insolvency case amid settlement

Spicejet shares are up 15 percent this week..Related stories.

Shares of SpiceJet rose 3 percent on November 28 after Ireland-based aircraft lessor Aircastle withdrew its insolvency case against the low-cost carrier before the National Company Law Tribunal (NCLT). "This follows a mutually agreed-upon settlement, marking a positive turn in the airline's efforts to rebuild and strengthen ties with its partners," SpiceJet said in an exchange filing. Last month, SpiceJet resolved a $23.39 million dispute with Aircastle and Dublin-based Wilmington Trust SP Services. The settlement was finalized for a total of $5 million, along with an agreement on the handling of specific aircraft engines. Both parties chose amicable negotiations, effectively sidestepping lengthy courtroom battles. At 10.10 am, shares ofSpiceJetwere trading at Rs 62.90 on the NSE. With this, the stock has delivered around 15 percent gains in the past week. Follow our LIVE blog for all the latest market updates As part of the settlement, all ongoing litigations and disputes between SpiceJet and the involved parties have been withdrawn from the respective forums. This development represents another major step forward for SpiceJet, which has been steadily resolving disputes with various partners, including aircraft lessors. Previously, the airline also amicably settled its dispute with lessors under Babcock & Brown Aircraft Management (BBAM) for $22.5 million. The settlement amount was a notable reduction from the original claim of $131.85 million, the company had stated in an earlier exchange filing. It also settled a $90.8 million dispute with Export Development Canada earlier this month for $22.5 million, which enable to take back the ownership of 13 Q400 planes. The airline’s recent successful Rs 3,000 crore Qualified Institutional Placement (QIP) has provided a crucial financial boost, enabling it to address such issues and fortify its operations, the company said. In addition to the capital raised through the QIP, SpiceJet is poised to receive Rs 736 crore from a previous funding round.

2024-11-28 10:32

2024-11-28

10:32

moneycontrol.com

https://www.moneycontrol.com/news/india/hemant-soren-to-take-oath-as-14th-cm-of-jharkhand-today-12878418.html

Hemant Soren to take oath as 14th CM of Jharkhand today

This will be the 49-year-old JMM leader's fourth stint as chief minister..Related stories.

Hemant Soren is set to take oath as the 14th chief minister of Jharkhand in a grand ceremony here on Thursday, which will be attended by several top political leaders, including AICC president Mallikarjun Kharge, Leader of Opposition Rahul Gandhi and West Bengal Chief Minister Mamata Banerjee. Governor Santosh Kumar Gangwar will administer the oath of office and secrecy to Soren at 4 pm. This will be the 49-year-old JMM leader's fourth stint as chief minister. Soren retained the Barhait seat, defeating BJP's Gamliyel Hembrom by a margin of 39,791 votes in the recent assembly polls. The JMM-led alliance stormed to victory, securing 56 seats in the 81-member assembly, while the BJP-led NDA managed 24 seats. Posters for the event can be seen across the city, while security has been strengthened and traffic regulations put in place. Schools in Ranchi city are shut on Thursday in view of the swearing in of the Hemant Soren government. Jharkhand in-charge and Congress general secretary Ghulam Ahmad Mir said Soren is likely to take oath alone, and expansion of the cabinet will be held after a vote of confidence in the assembly. Other senior political leaders likely to be in attendance are NCP chief Sharad Pawar, Meghalaya CM Conrad Sangma, Punjab CM Bhagwant Mann and Himachal Pradesh CM Sukhvinder Singh Sukhu, a JMM leader said. CPI(ML)L general secretary Dipankar Bhattacharya, AAP leader Arvind Kejriwal, Shiv Sena (UBT) leader Uddhav Thackeray, Samajwadi Party chiefAkhilesh Yadav, PDP leader Mehbooba Mufti and Bihar’s Leader of Opposition Tejashwi Yadav are also likely to attend the oath-taking ceremony. "It’s heartening to have such esteemed leaders join us for this important occasion," said Soren, who along with senior officials paid a visit to the Morabadi ground on Wednesday evening to take stock of the arrangements.

2024-11-28 10:32

2024-11-28

10:32

moneycontrol.com

https://www.moneycontrol.com/news/business/9-aai-run-airports-to-install-new-smart-docking-systems-by-feb-2025-12878208.html

9 AAI-run airports to install new smart docking systems by Feb, 2025

Inxee Systems’ 'SmartDock' system.Related stories.

The Airports Authority of India (AAI) is looking to install 122 Inxee Systems’ SmartDock artificial intelligence (AI)-enabled mechanism at nine airports across the country at an estimated  cost of Rs 25 crore by February, 2025, multiple officials and executives aware of the ongoing development toldMoneycontrol.  The upcoming installation aims to further enhance passengers' safety and operational efficiency at these airports. What is SmartDock? The SmartDock is a Visual Docking Guidance System (VDGS) that works on Lidar (Light Detection and Ranging) sensors, which have been developed indigenously. It will be installed at airports in Kolkata, Chennai, Pune, Goa, Bhubaneswar, Patna, Srinagar, Chandigarh and Tiruchirappalli, Nate Srinath Nudurupati, co-founder and Director, Inxee Systems, toldMoneycontrol. "The largest installations of the SmartDock systems will be carried out at Netaji Subhash Chandra Bose International Airport (NSCBIA) in Kolkata, followed by Chennai International Airport, Pune, Goa, Bhubaneswar, Patna, Srinagar, Chandigarh and Tiruchirappalli," Nudurupati said. Last year, the AAI had certified the VDGS systems. Inxee Systems is also in consultations with GMR Airports to deploy the smart technology at the Rajiv Gandhi International Airport in Hyderabad. Aircraft docking refers to the process of parking, servicing, and maintaining an aircraft at a docking station. Successful trial run A trial of SmartDock was conducted for three months at the NSCBIA in Kolkata last year. The mechanism helped pilots during docking aircraft. It further enhances safety protocols and precision while manoeuvring an aircraft for parking, AAI officials toldMoneycontrol. "Not only will the VDGS systems improve efficiency at airport, but it will also help improve safety during parking during inclement weather conditions such as fog, snow and heavy rainfall. The system will also help reduce the need for manpower on the ground for parking an aircraft," said an AAI official. Similarly, another official weighed in on the government's larger plan. ​​The government is planning to ramp up facilities and improve efficiency at smaller airports in the country. Installation of the new VDGS systems at AAI-run airports is seen as a step towards that direction, he said. "New VDGS systems will be installed across another 15 airports in the next two-three years amid an uptick in domestic air traffic. Safe and efficient aircraft movement are paramount for seamless operations," the second official said. Winter woes for airlines Earlier this month, IndiGo, the country's largest airline, had toldMoneycontrolthat the onset of fog in north India during winter months is a challenging proposition for taxing and parking aircraft at airports. The low-cost carrier authorities maintained that it is extremely time- consuming and a tedious process due to low visibility even at airports, where CAT-III landing facilities are available. CAT-III is an instrument landing system (ILS) that allows aircraft to land in low visibility situations such as only 50 metres due to heavy rains, dense fog or, in snow. "Taxing and parking the aircraft take around 45 minutes to an hour during winter. At times, it could take more time due to extreme fog situations. Taxi ways and parking bays are narrow at most airports," a senior pilot from IndiGo had said. Lack of facilities at smaller airports IndiGo executives had also pointed out the airports in north India such as Varanasi and Patna had seen the highest number of flight grounding last year. The matter came to a head after diverted flights to these airports got stuck for hours because they lacked necessary equipment to operate aircraft in extreme fog conditions SmartDock likely to ease operations According to Nudurupati, the SmartDock will help pilots park in extreme fog and snow conditions, as the test runs at airports in Amritsar and Srinagar conclusively showed. "India is in need of around 2,500 VDGS systems," Nudurupati said. However, the requirement is likely to rise to around 10,000 in the next 10 years amid an exponential rise in domestic air traffic operations. Explosion in Indian skies Inxee Systems is ready for the explosion in the Indian skies. The company is looking at raising around $10 million in the next year to scale up the size of its operations at a valuation of $100 million. "We are keen to work with both airport operators and airlines in India to not only scale up operations but also raise funds to increase our manufacturing capacity," Nudurupati toldMoneycontrol. Ready for installation SmartDock has been successfully deployed at NSCBI Airport in Kolkata and has docked all types of aircraft: A320, A321, A319, A20N, A21N, B737-800, B737-800 Max, and B738, among others. Large aircraft such as A330, A350, B747, B777 and B787-800, too, have been successfully tested. The system utilises a combination of sensors, cameras, and advanced AI-based computer algorithms to provide real-time guidance, feedback, and visualisation to pilots, improving their situational awareness and precision during the docking procedure. The AI-enabled application can detect obstacles in the path of a moving aircraft such as aerobridge, including ground vehicles that may stray into its path, arriving to dock. It has an in-built mechanism to instruct a pilot to make an emergency stop in a bid to avoid any collision.

2024-11-28 10:31

2024-11-28

10:31

moneycontrol.com

https://www.moneycontrol.com/technology/garena-free-fire-max-redeem-codes-for-november-28-2024-get-daily-diamonds-skins-weapons-and-more-article-12878423.html

Garena Free Fire MAX redeem codes for November 28, 2024: Get daily diamonds, skins, weapons and more

Free Fire Max.Related stories.

Following the ban of its predecessor, Garena Free Fire, Garena Free Fire MAX has swiftly risen in popularity among gamers in India. One of the key features contributing to its appeal is the introduction of redeem codes, which provide players with the opportunity to obtain valuable in-game items at no cost. Every day, unique redeem codes are released, allowing gamers to unlock exclusive rewards. These codes enhance the gaming experience by adding an extra layer of excitement and anticipation. Players can access various treasures, such as skins, weapons, and other in-game items, which elevate their gameplay and offer a more personalised gaming experience. Redeem codes are typically available for a limited period, usually between 12 to 18 hours. This time constraint ensures that players eagerly await the release of new codes to claim their rewards. To maintain fairness, code redemption is limited to 500 players per day. This guideline, set by the developers, ensures that all players have an equal chance to benefit from these exclusive rewards. Garena Free Fire MAX Redeem Codes for today, November 28 FAST-KILL-7WIN-NER9BLAZ-E999-7777-8888MYST-ERYB-OX99-FF00VICT-ORYY-2024-FF77GARE-NAFF-0011-2222GOLD-EN44-55GG-66HHHERO-ICFF-3333-4444SURV-IVOR-5555-6666LEGE-ND88-77VG-66UX Garena Free Fire Max November 28: How to redeem codes Step 1: Go to the redemption website by clicking on this link: https://reward.ff.garena.com/Step 2: Log in using your credentials from one of the supported platforms such as Google, Facebook, Huawei ID, X, Apple ID, or VK.Step 3: After logging in, you will be directed to a page where you can enter the 12-digit redemption codes.Step 4: Once you successfully redeem the codes, you can collect your rewards from the in-game mail section.

2024-11-28 10:26

2024-11-28

10:26

moneycontrol.com

https://www.moneycontrol.com/news/india/jharkhand-butcher-expert-in-slicing-chicken-chops-live-in-partner-into-50-pieces-stray-dog-uncovers-gruesome-murder-12878359.html

Jharkhand butcher, expert in slicing chicken, chops live-in partner into 50 pieces; stray dog uncovers gruesome murder

Photo for representational purpose only. (Pixabay).

A 25-year-old man, who used to work as a butcher at a Tamil Nadu shop, has been arrested for allegedly murdering his live-in partner in a forested area of Jharkhand. Both the accused and the victim are from Jharkhand’s Khunti area. The man strangled his partner and later chopped the body in fifty pieces. The murder came to light after a stray dog was seen roaming with a a body party in its mouth. The accused, who has been identified as one Naresh Bhengra has been arrested, latest media reports say. The police said that Bhengra, who was in a live-in relationship with the victim had married someone else without her knowledge. The butcher allegedly murdered the woman around two weeks ago. The police came to know about the crime on November 24 when a dog discovered parts of human body strewn in the forest area near Jordag village. The police said that Bhengra and the victim were in a relationship for the last two years and used to live in Tamil Nadu. Sometime later this year, the man returned to Jharkhand and married another woman without the knowledge of his live-in partner. Unaware of the marriage, the victim told Bhengra that she wished to return to Khunti, their native place. On November 8, both arrived in Khunti. The man didn’t want his live-in partner to know about the marriage and didn’t want to take her to his place. He took her to a nearby forest and first strangled her and later chopper the body in fifty pieces. The man used to work as butcher at a Tamil Nadu shop and was expert in slicing chicken.

2024-11-28 10:20

2024-11-28

10:20

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/jefferies-foresees-strong-growth-potential-for-itc-hotels-value-to-unlock-post-listing-12878284.html

Jefferies foresees strong growth potential for ITC Hotels, value to unlock post listing

ITC shares have traded relatively flat over the past year, gaining 10 percent..Related stories.

Cigarettes-to-hotels firm ITC Ltd shares gained in the morning trade on November 28, after international brokerage Jefferies shared its outlook on the diversified conglomerate's hotels arm following its recent meeting with ITC Hotels' management. The ITC Hotels demerger is expected to be complete in the January-March quarter of the current fiscal year, said the brokerage. Based on ITC Hotels' revenue, EBITDA and room inventory profile, the firm is the number two player in the Indian hotels sector. At the current juncture, Jefferies said that ITC Hotels is around four percent of SoTP valuation of ITC, which may unlock further value post the listing. Following the demerger, ITC Hotels is likely to see a strong balance sheet, with net cash levels of Rs 1,000-1,500 crore. At 10.10 am,ITCshares were trading at Rs 480.05, higher by 0.65 percent compared to the previous session's closing price. The hotels arm of ITC is targeting growth from greenfield commissioning in the recent years, scaling up its management contracts and focusing on a premiumization thrust, amid industry tailwinds. Follow our market blog to catch all the updates Last year in July, ITC announced the demerger of its hotels business into a separate entity. Shareholders of ITC will get one share in the soon-to-be-listed hotel entity for every 10 shares they hold in the company. After the demerger, ITC will hold 40 percent of the hotel business and the rest 60 percent will be held by existing shareholders proportionate to their stake in ITC. During ITC's annual general meeting in 2024, ITC's Chairman and Managing Director (CMD) Sanjiv Puri said that the demerger should take place within the stipulated timeline of 15-18 months from the first announcement regarding the spin-off. He added that the listing could happen by the end of the year. "It's very difficult to put an exact date to it because these are regulatory processes that one has to go through and sometimes there are queries that have to be answered, but I don't think there'll be any big departure (from the stated timeline)," added Puri. ITC shares have traded relatively flat over the past year, gaining 10 percent as compared to the Nifty 50's run of 22 percent during the same time period.

2024-11-28 10:17

2024-11-28

10:17

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/suraj-ind-consolidated-september-2024-net-sales-at-rs-5-33-crore-down-57-41-y-o-y-12878398.html

Suraj Ind Consolidated September 2024 Net Sales at Rs 5.33 crore, down 57.41% Y-o-Y

Reported Consolidated quarterly numbers for Suraj Industries are: Net Sales at Rs 5.33 crore in September 2024 down 57.41% from Rs. 12.51 crore in September 2023. Quarterly Net Profit at Rs. 3.31 crore in September 2024 up 182.24% from Rs. 1.17 crore in September 2023. EBITDA stands at Rs. 0.08 crore in September 2024 down 92.79% from Rs. 1.11 crore in September 2023. Suraj Ind EPS has increased to Rs. 2.48 in September 2024 from Rs. 0.96 in September 2023. Suraj Ind shares closed at 61.86 on November 26, 2024 (BSE) and has given -24.00% returns over the last 6 months and -42.64% over the last 12 months.

2024-11-28 10:16

2024-11-28

10:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/isgec-heavy-eng-consolidated-september-2024-net-sales-at-rs-1643-90-crore-up-11-59-y-o-y-12878395.html

ISGEC Heavy Eng Consolidated September 2024 Net Sales at Rs 1,643.90 crore, up 11.59% Y-o-Y

Reported Consolidated quarterly numbers for ISGEC Heavy Engineering are: Net Sales at Rs 1,643.90 crore in September 2024 up 11.59% from Rs. 1,473.10 crore in September 2023. Quarterly Net Profit at Rs. 92.57 crore in September 2024 up 54.83% from Rs. 59.79 crore in September 2023. EBITDA stands at Rs. 162.63 crore in September 2024 up 18.59% from Rs. 137.14 crore in September 2023. ISGEC Heavy Eng EPS has increased to Rs. 12.59 in September 2024 from Rs. 8.13 in September 2023. ISGEC Heavy Eng shares closed at 1,404.75 on November 26, 2024 (NSE) and has given 16.39% returns over the last 6 months and 53.80% over the last 12 months.

2024-11-28 10:16

2024-11-28

10:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/vijay-solvex-consolidated-september-2024-net-sales-at-rs-431-82-crore-down-9-23-y-o-y-12878396.html

Vijay Solvex Consolidated September 2024 Net Sales at Rs 431.82 crore, down 9.23% Y-o-Y

Reported Consolidated quarterly numbers for Vijay Solvex are:Net Sales at Rs 431.82 crore in September 2024 down 9.23% from Rs. 475.76 crore in September 2023.Quarterly Net Profit at Rs. 6.22 crore in September 2024 up 2385.82% from Rs. 0.25 crore in September 2023.EBITDA stands at Rs. 6.59 crore in September 2024 up 319.75% from Rs. 1.57 crore in September 2023.Vijay Solvex EPS has increased to Rs. 19.44 in September 2024 from Rs. 0.78 in September 2023.Vijay Solvex shares closed at 968.40 on November 27, 2024 (BSE) and has given 12.21% returns over the last 6 months and 25.04% over the last 12 months.Vijay SolvexConsolidated Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations431.82378.29475.76Other Operating Income------Total Income From Operations431.82378.29475.76EXPENDITUREConsumption of Raw Materials287.67268.53407.41Purchase of Traded Goods111.3773.3233.01Increase/Decrease in Stocks3.2810.12-1.90Power & Fuel------Employees Cost5.335.705.39Depreciation0.610.610.63Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses18.4419.3531.22P/L Before Other Inc., Int., Excpt. Items & Tax5.130.65-0.01Other Income0.850.590.95P/L Before Int., Excpt. Items & Tax5.981.240.94Interest0.23-0.060.63P/L Before Exceptional Items & Tax5.751.300.31Exceptional Items------P/L Before Tax5.751.300.31Tax-0.380.330.13P/L After Tax from Ordinary Activities6.130.960.18Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period6.130.960.18Minority Interest------Share Of P/L Of Associates0.100.970.07Net P/L After M.I & Associates6.221.930.25Equity Share Capital3.203.203.20Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS19.446.020.78Diluted EPS19.446.020.78EPS After Extra OrdinaryBasic EPS19.446.020.78Diluted EPS19.446.020.78Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited

2024-11-28 10:16

2024-11-28

10:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/prudent-sugar-consolidated-september-2024-net-sales-at-rs-19-12-crore-up-1811-91-y-o-y-12878393.html

Prudent Sugar Consolidated September 2024 Net Sales at Rs 19.12 crore, up 1811.91% Y-o-Y

Reported Consolidated quarterly numbers for Prudent Sugar Corporation are:Net Sales at Rs 19.12 crore in September 2024 up 1811.91% from Rs. 1.00 crore in September 2023.Quarterly Net Profit at Rs. 2.18 crore in September 2024 up 31.28% from Rs. 1.66 crore in September 2023.EBITDA stands at Rs. 3.71 crore in September 2024 up 60.61% from Rs. 2.31 crore in September 2023.Prudent Sugar EPS has increased to Rs. 0.68 in September 2024 from Rs. 0.51 in September 2023.Prudent Sugar shares closed at 59.11 on November 26, 2024 (BSE) and has given 149.09% returns over the last 6 months and 97.56% over the last 12 months.Prudent Sugar CorporationConsolidated Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations19.1234.041.00Other Operating Income------Total Income From Operations19.1234.041.00EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods18.8033.61--Increase/Decrease in Stocks0.06-0.06--Power & Fuel------Employees Cost0.260.280.16Depreciation0.000.000.00Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.190.470.54P/L Before Other Inc., Int., Excpt. Items & Tax-0.19-0.260.30Other Income3.902.742.01P/L Before Int., Excpt. Items & Tax3.712.482.31Interest0.700.61--P/L Before Exceptional Items & Tax3.011.862.31Exceptional Items------P/L Before Tax3.011.862.31Tax0.820.510.64P/L After Tax from Ordinary Activities2.181.351.66Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period2.181.351.66Minority Interest------Share Of P/L Of Associates------Net P/L After M.I & Associates2.181.351.66Equity Share Capital32.2532.2532.25Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.680.420.51Diluted EPS0.660.410.46EPS After Extra OrdinaryBasic EPS0.680.420.51Diluted EPS0.660.410.46Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited

2024-11-28 10:16

2024-11-28

10:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/prudential-sug-consolidated-september-2024-net-sales-at-rs-19-12-crore-up-1811-91-y-o-y-12878394.html

Prudential Sug Consolidated September 2024 Net Sales at Rs 19.12 crore, up 1811.91% Y-o-Y

Reported Consolidated quarterly numbers for Prudential Sugar Corporation are: Net Sales at Rs 19.12 crore in September 2024 up 1811.91% from Rs. 1.00 crore in September 2023. Quarterly Net Profit at Rs. 2.18 crore in September 2024 up 31.28% from Rs. 1.66 crore in September 2023. EBITDA stands at Rs. 3.71 crore in September 2024 up 60.61% from Rs. 2.31 crore in September 2023. Prudential Sug EPS has increased to Rs. 0.68 in September 2024 from Rs. 0.51 in September 2023. Prudential Sug shares closed at 58.90 on November 26, 2024 (NSE) and has given 141.39% returns over the last 6 months and 96.99% over the last 12 months.

2024-11-28 10:16

2024-11-28

10:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/nahar-ent-consolidated-september-2024-net-sales-at-rs-355-91-crore-up-3-54-y-o-y-12878397.html

Nahar Ent Consolidated September 2024 Net Sales at Rs 355.91 crore, up 3.54% Y-o-Y

Reported Consolidated quarterly numbers for Nahar Industrial Enterprises are:Net Sales at Rs 355.91 crore in September 2024 up 3.54% from Rs. 343.75 crore in September 2023.Quarterly Net Loss at Rs. 3.23 crore in September 2024 up 62.07% from Rs. 8.51 crore in September 2023.EBITDA stands at Rs. 17.70 crore in September 2024 up 63.89% from Rs. 10.80 crore in September 2023.Nahar Ent shares closed at 139.12 on November 26, 2024 (NSE) and has given 16.22% returns over the last 6 months and 1.99% over the last 12 months.Nahar Industrial EnterprisesConsolidated Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations355.91354.37343.75Other Operating Income------Total Income From Operations355.91354.37343.75EXPENDITUREConsumption of Raw Materials187.06179.46163.52Purchase of Traded Goods--0.880.43Increase/Decrease in Stocks17.4718.2043.76Power & Fuel------Employees Cost42.1642.5039.70Depreciation11.279.5411.32Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses100.7298.3493.77P/L Before Other Inc., Int., Excpt. Items & Tax-2.775.45-8.75Other Income9.206.498.23P/L Before Int., Excpt. Items & Tax6.4311.94-0.52Interest9.6111.306.27P/L Before Exceptional Items & Tax-3.180.64-6.80Exceptional Items-1.00---1.73P/L Before Tax-4.180.64-8.53Tax-0.540.010.41P/L After Tax from Ordinary Activities-3.640.63-8.94Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period-3.640.63-8.94Minority Interest------Share Of P/L Of Associates0.410.140.43Net P/L After M.I & Associates-3.230.78-8.51Equity Share Capital43.2143.2143.21Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS-0.750.18-1.97Diluted EPS-0.750.18-1.97EPS After Extra OrdinaryBasic EPS-0.750.18-1.97Diluted EPS-0.750.18-1.97Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited

2024-11-28 10:16

2024-11-28

10:16

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/superior-ind-consolidated-september-2024-net-sales-at-rs-5-28-crore-down-45-16-y-o-y-12878399.html

Superior Ind Consolidated September 2024 Net Sales at Rs 5.28 crore, down 45.16% Y-o-Y

Reported Consolidated quarterly numbers for Superior Industrial Enterprises are: Net Sales at Rs 5.28 crore in September 2024 down 45.16% from Rs. 9.63 crore in September 2023. Quarterly Net Profit at Rs. 0.44 crore in September 2024 down 75.94% from Rs. 1.82 crore in September 2023. EBITDA stands at Rs. 0.20 crore in September 2024 down 85.29% from Rs. 1.36 crore in September 2023. Superior Ind shares closed at 53.86 on November 27, 2024 (BSE) and has given 11.63% returns over the last 6 months and 8.59% over the last 12 months.

2024-11-28 10:15

2024-11-28

10:15