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Jaiprakash Power Ventures net profit declines 20% to Rs 191 cr in Q1

Jaiprakash Power Ventures Ltd (JPVL) consolidated net profit fell over 20 per cent to Rs 191.65 crore in the June 2023 quarter, mainly due to lower revenues. The consolidated net profit of the company was Rs 241.96 crore in the quarter ended June 30, 2022, a BSE filing showed. Its total income declined to Rs 1,714.75 crore in the quarter from Rs 1,829.35 crore in the same period a year ago.

L&T result: Net profit jumps 46%; special dividend of Rs 6 a share declared

The company's Ebitda saw a fall to Rs 4,869 crore in Q1FY24, as compared to Rs 3,953 crore in the corresponding period of the previous year

BSE's derivatives journey sees speed bumps as several brokerages resist

Nearly 10 large brokers are yet to offer the relaunched Sensex and Bankex derivatives on their platforms, say they are working on back end

HDFC Bank becomes 2nd most valuable company, TCS falls to 3rd place

HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS' Rs 12,66,891.65 crore valuation on the BSE. Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE. During the day, it climbed 0.36 per cent to Rs 1,690.95. However, shares of TCS dipped 0.25 per cent to end at Rs 3,462.35 each. During the day, it fell 1 per cent to Rs 3,436. HDFC, the parent of HDFC Bank, merged into the lender on July 1. The USD 40 billion merger, the largest such deal in the Indian corporate history, was driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity. Reliance Industries is the country's most valued firm

Century Textiles June quarter net profit declines by 62% at Rs 24 crore

The company has acquired significant projects in Pune, Mumbai, and Bengaluru; all ongoing real estate projects are progressing well

Exchanges revise enhanced surveillance measures for micro small cap cos

Leading stock exchanges BSE and NSE have relaxed enhanced surveillance measures (ESM) framework for micro small cap companies that have a market cap of less than Rs 500 crore. This came over a month after rules were put in place by the bourses to curb volatility in the counters of such firms. The new framework would be applicable from July 24, according to circulars issued by the exchanges on Tuesday. Earlier, the stocks under ESM Stage-II were permitted to trade only once a week under the periodic call auction. Now, this has been revised to all trading days. "Trading permitted with +/- 2 per cent price band on all trading days under periodic call auction," the exchanges said. However, the norms of 100 per cent margin and trade-for-trade settlement remain unchanged. Besides, rules remain unchanged for stocks that remain under ESM Stage-I. "In joint discussion of exchanges and Sebi, the current surveillance actions under the ESM framework were reviewed," the circulars noted. The

Exchanges announce relief on ESM framework for small and micro-caps

The changes have been announced for companies placed under Stage II of the framework and will be effective from July 24

GQG Partners acquires 5.96% stake in Patanjali Foods via offer of sale

The floor price for the deal was kept at Rs. 1,000 per share but the allotment to non-retail investors was done at a share price of Rs. 1,103.80.

BSE-listed firms' market valuation touches all-time high of Rs 303.59 trn

The rally came despite weakness in European markets and a mixed ending in key Asian gauges

Hathway Cable & Datacom Q1 consolidated net profit up 6.6% to Rs 22.36 cr

Hathway Cable & Datacom Ltd on Monday reported a 6.62 per cent increase in consolidated net profit to Rs 22.36 crore for the quarter ended in June 2023. The company had posted a net profit of Rs 20.97 crore in the April-June period a year ago, Hathway Cable & Datacom said in a BSE filing. Its revenue from operations was 11.63 per cent higher at Rs 499.23 crore during the quarter under review as against Rs 447.18 crore in the corresponding quarter of the last fiscal. Total expenses of Hathway Cable in the first quarter of 2023-24 were up 13.85 per cent to Rs 513.85 crore. Its total income in the June quarter was at Rs 533.37 crore, up 14.75 per cent. Shares of Hathway Cable & Datacom Ltd on Monday settled at Rs 15.80 on BSE, up 3.4 per cent from the previous close.

SpiceJet shares trim most of early gains, settles nearly 1% higher

Shares of SpiceJet on Thursday trimmed most of their early gains and ended nearly 1 per cent higher. During the morning trade, the stock had jumped 7.50 per cent after the company said its promoter and Chairman Ajay Singh will infuse Rs 500 crore into the airline, which will help boost its financial position as well as tap additional funds from a government scheme. The stock climbed 7.50 per cent to Rs 33.50 during the day on the BSE after a firm beginning. However, the stock failed to hold on to the strong momentum and gave up most of their early gains and ended at Rs 31.38 apiece, up 0.71 per cent. In volume terms, 73.81 lakh shares of the company were traded on the BSE during the trade. The budget carrier, which is facing multiple headwinds, including disputes with aircraft lessors, has been looking to raise funds. In a statement on Wednesday, SpiceJet said the fresh equity infusion by Singh, who is also the Chairman and Managing Director, will help the carrier in accessing ...

$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

BSE hits 52-week, surges 13% on heavy volumes

The board of directors of BSE Ltd, on July 6, approved a share buyback of up to Rs 375 crore at Rs 816 per share

Taylormade Renewables board approves proposal to shift shares to BSE

However, the decision remains subject to necessary approvals and eligibility criteria prescribed by the BSE/SEBI, the company said in a regulatory filing

InfoEdge subsidiary invests Rs 1 cr in healthtech startup BrainSightAI

RedStart Labs (India) has invested close to Rs 1 crore in Bengaluru-based health technology startup BrainSightAI, according to a BSE filing on Monday. RedStart Labs is a wholly-owned subsidiary of technology company InfoEdge. RedStart holds 4 per cent stake in BrainSightAI on a fully converted and diluted basis. However, aggregate shareholding of the company after the current investment cannot be estimated, the filing further stated. "RedStart has agreed to invest an aggregate amount of Rs 98,94,000 by way of subscribing to convertible notes. Since the note would be converted into shares in the next round basis the valuation at that time, aggregate shareholding of the company through RedStart, post this investment cannot be estimated at the time of making the intimation," the filing said. InfoEdge is the parent company of online classifieds such as Naukri.com, matrimony site Jeevansathi.com and 99acres.com, a property marketplace. Incorporated in 2019, BrainSightAI provides ...

Kaka Industries IPO to open on Jul 10 at Rs 55-58/share; to list on BSE SME

Polymer-based profiles manufacturer Kaka Industries on Friday said that it has fixed a price band of Rs 55-58 a share for its initial public offering, which will open on July 10. The initial public offering (IPO) will conclude on July 12. The bidding for anchor investors will open on July 7. The shares of the company will be listed on BSE SME, a platform for small and medium enterprises, the company said in a statement. The company will issue 36.60 lakh equity shares through the offer. At the upper end of the price band, the company is looking to raise Rs 21.23 crore through its initial share sale offer. The company manufactures polymer-based profiles for application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets, office furniture and other interior and exterior works. It has 20,000 MT production capacity, 300 dealers across 20 states and UTs and three depots. Its product range includes more than 1,200 Stock Keeping Units (SKU) in various dimensions.

JSW Steel to replace HDFC in 30-share S&P BSE Sensex from Jul 13

In S&P BSE 500, JBM Auto Components Ltd will replace HDFC and in S&P BSE 100, Zomato will be included in place of the mortgage lender

Investors richer by Rs 7.90 trn in 5 days; BSE firms' valuation hits peak

Sensex gained over 2,500 points in the past five sessions

Tech glitch: HMA Agro Industries starts trading before 10 am on the NSE

The stock price was fluctuating before 10 am and at 9:55 am, the stock touched Rs 632, while the indicative opening price was Rs 625 on the NSE; at 10 am, the stock touched Rs 664

HDFC twins hog limelight, settle in positive territory post-merger

Shares of HDFC twins were in the limelight on Monday and ended in the positive territory, the first day of trading after the merger, amid an overall bullish equity market trend. The stock of HDFC climbed 1.76 per cent to settle at Rs 2,871.20 on the BSE. During the day, it jumped 3.70 per cent to its 52-week high of Rs 2,926. Shares of HDFC Bank went up by 1.05 per cent to end at Rs 1,719.55. In intra-day trade, it advanced 3.29 per cent to Rs 1,757.80 -- its 52-week high. The combined market valuation of HDFC and HDFC Bank stood at Rs 14,93,119.33 crore on the BSE. Housing finance major HDFC merged with its subsidiary HDFC Bank on Saturday. Rally in HDFC twins were significant in adding to the positive momentum in the equity market. Rallying for the fourth straight session, the 30-share BSE Sensex jumped 486.49 points or 0.75 per cent to settle at its all-time closing high of 65,205.05. During the day, it rallied 581.79 points or 0.89 per cent to its lifetime intra-day high of .