Q3 result :: Cera Sanitaryware PAT falls to Rs 51 cr vs Rs 56.4 cr YoY
>> Ebitda at Rs 61,4 cr vs Rs 75 cr YoY
>> Ebitda margin at 14% vs 16.4% YoY
Vedanta’s demerger process to be completed in next 9-12 months: Official
In an interview to PTI, John Slaven, CEO of aluminium business of Vedanta, said, “We are working very actively in securing the successful demerger of the aluminium business.” The process for the demerger is currently underway and is subject to a number of approvals from various authorities, he added. READ MORE
Share price of this hospital company has zoomed over 100% in 5 months
The stock is trading higher for a third straight day, surging 17 per cent during the period, after the company delivered a strong quarterly performance in the October-December quarter (Q3FY24) primarily driven by growth in patient volumes. The company is one of the largest private multi-specialty tertiary care providers operating in the North and East regions of India. READ MORE
Paytm confirms resignation of Payments Bank director Manju Agarwal
The payments firm on Friday said it would form an advisory committee on compliance and regulatory matters, a week after India’s central bank ordered Paytm Payments Bank to wind down most of its operations. READ MORE
The next few months are likely to see increased volatility: Shiv Sehgal
The outlook for the bond market is a lot more upbeat given the low supply of bonds from both government as well as large corporates, easing core inflation and potentially headline inflation and the beginning of the rate cut cycle. Also, if growth slackens then there is likely to be a natural flight to bonds. The stability in bond markets will certainly act as a downside support for equities as well. READ MORE
Cash-strapped SpiceJet to lay off 1,400 employees as cost-cutting measure
The airline currently employs 9,000 personnel and operates approximately 30 aircraft, including eight wet-leased from foreign carriers. The carrier’s salary bill reportedly amounts to Rs 60 crore, precipitating the need for workforce downsizing. Reports indicate that salary payments have been overdue for several months, leaving many employees awaiting their January remuneration. READ MORE
Tata Power dips 6% on profit booking post Q3 results
The consolidated revenue for the company in the period under study also registered a modest growth of 3 per cent to Rs 14,841 crore, as against Rs 14,439 crore in the year-ago period. Earnings before interest, tax, depreciation, and amortisation (ebitda) for the quarter grew by 15 per cent year-on-year to Rs 3,250 crore. READ MORE
ALERT :: Suratwwala Biz Group receives environmental clearance for built area of 90,502 sq. mtr
>> The company is in receipt of Environmental Clearance certificate towards the Building of structures under commercial Development from office of State Environment Impact Assessment Authority (SEIAA), Maharashtra, of project name “Suratwala Mark Plazzo” situated at Hinjewadi, Taluka Mulshi District Pune having land admeasuring approximately 14,325 sq.mtrs.
>> With this approval, the company has got the environmental clearance of total built area of 90502 sq. mtrs (974160 sq. ft.) for this project at Hinjewadi location.
Apeejay Surrendra Park Hotels lists at 21% premium over its issue price
“The company benefits from decades of experience in the hospitality industry, reflected in high occupancy rates and a proven track record of service excellence. Its expansion plans indicate exciting possibilities for future revenue growth. This listing paints a hopeful picture for ASPHL, but a cautious approach is still advised. Thus, those who want to book profit may exit their holdings, and those who want to hold for the long term may keep a stop loss at Rs 168,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd. READ MORE
ALERT :: Dynacons wins major contract worth Rs 90.02 crore from BSNL
>> Dynacons wins major contract worth Rs 90.02 crore from BSNL for providing Integrated Telecom Network & IT Solutions including Command Centre and Network Operations Centre for its premier customer
ALERT :: Spark Minda enters into strategic alliance for manufacturing of Smart Vehicle Access Systems
>> Minda Corporation has been awarded a significant order for a leading 2W OEM in India to manufacture Smart Key Systems.
>> The awarded products will be manufactured at Spark Minda’s state-of-the-art facility in Pune.
Amber Enterprises slips 12% on weak December quarter earnings
That said, Amber plans to expand its portfolio in the electronics (EMS) space by further strengthening its R&D and PCBA (Printed Circuit Board Assembly) manufacturing capabilities through backward integration of Bare PCB Boards and adding new industries in its EMS portfolio with the Government’s encouraging policy framework for domestic manufacturing. READ MORE
Man Industries up 1% on order win worth Rs 525 crore
>> The company has received new orders of approximately Rs 525 crore
>> The total unexecuted order book as of today stands at approximately Rs1,600 crore to be executed in 6-7 months
>> The company has also been awarded with the Certificate of Appreciation for being Top Exporter of Kandla Customs for the financial year 2023-24
Piramal Enterprises trades over 1% down after nearly 0.9 million shares change hands
>> About 0.93 million shares worth Rs 82 crore changed hands at Rs 883.2/sh in block deal window
Listing pre-open :: Apeejay Surrendra Park Hotels to likely list at 21% premium
>> Apeejay Surrendra Park hints at 20.6% listing premium on BSE
>> Issue price: Rs 155
Bandhan Bank at day’s low post Q3 results
>> Private sector Bandhan Bank on Friday reported over two-fold increase in net profit at Rs 733 crore for Q3FY24 on account of improvement in core income.