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Eris Lifesciences vends the entire interest it holds in the deadweight of two components for Therapeutics Ltd. to Eris for Rs 861.9 crore, thus connecting up with its core business growth, which is a strategic focus.
Rategain Travel Technologies posted impressive Q3 FY24 results, with a 39.88% rise in net profit and a 10.59% increase in sales. The company’s strong performance highlights its growth in the travel technology sector and enhanced operational efficiency, positioning it for continued success in the coming quarters.
Gillette India reports a 21% YoY increase in Q3 FY25 profit, driven by strong growth in the grooming segment. The company announces an interim dividend of Rs 65 per share, showcasing its commitment to sustainable growth and shareholder value.
Mazagon Dock Shipbuilders has reported impressive Q3 FY25 results, with a 28.75% increase in net profit and a 33.06% rise in revenue. The company’s strong performance reflects growth in its core shipbuilding and defense sectors, positioning it for continued success in the coming quarters.
Rajoo Engineers has reported a 54.35% rise in net profit for the December 2024 quarter, reaching Rs 9.40 crore. Despite a 6.66% decline in sales, the company’s strong operational efficiency and improved profit margins helped drive substantial profitability. Explore the key factors behind this remarkable performance.
HDFC Life shares jumped nearly 12% after the company posted a 14% increase in net profit for the December quarter, reaching Rs 415 crore. The impressive results reflect strong business growth and investor confidence, positioning the company for continued success in the life insurance market.
NBCC (India) saw a 3.59% rise in its stock price after securing multiple high-value contracts worth Rs 405 crore. These orders span various sectors, including education, government infrastructure, and consultancy, further solidifying the company’s growth trajectory.
Tata Consultancy Services (TCS) has announced the acquisition of two subsidiaries of Tata Realty for ₹1,625 Crore, marking a strategic move to expand its delivery centers. This acquisition, along with TCS's strong third-quarter earnings report, highlights the company’s focus on long-term growth and infrastructure development.
Indian Overseas Bank has received a Rs 1,359 crore tax refund for the assessment year 2015-16, which includes interest under Section 244A of the Income Tax Act. This substantial refund strengthens the bank’s financial position and provides additional liquidity, supporting its ongoing growth and operational initiatives.
Bharat Forge has posted a 13% year-on-year increase in net profit for Q2 FY24, reaching ₹243 crore. While revenues saw a slight decline, the company's strong export performance, operational efficiencies, and strategic diversification into sectors like aerospace and defense contributed to its continued profitability.