Airtel eyeing control of Indus Towers, in talks to acquire Vodafone's 21.05% stake
Airtel is the biggest shareholder in Indus Towers, with a 47.95 percent stake. If it acquires Vodafone stake, Airtel's shareholding in the tower company will climb to 69 percent
Foreign holding in Hindustan Unilever drops to four-year low
Foreign funds reduced their ownership of India’s largest staples company to 12.7% at the end of March, down from as high as 14.5% in June last year, according to data compiled by Bloomberg.
Foreign investors brave smallcap corrections, raise stakes in March quarter
FIIs raised stakes in almost 60 percent of firms on the BSE SmallCap index in the March quarter. Out of 1,000 BSE SmallCap index stocks, 596 saw a rise in FII holding
ICICI Prudential Life net profit falls 26% in Q4
The value of new business (VNB) declined 26.4% to ₹776 crore versus ₹1,055 crore in the corresponding quarter previous year. The company reported a 17% growth in net premium income to ₹14,788 crore against ₹12,629 crore in Q4FY23.
Vi stock surges 12% day after success of Rs 18,000 crore FPO
The FPO is expected to be followed by a ₹25,000 crore debt issue, helping achieve Vi's targeted ₹45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.
Tata Consumer Q4 Results: Standalone net profit falls 47% YoY to Rs 144.81 crore
The company attributed the fall in net profit to higher exceptional costs such as Rs 72 crore as an impairment of investment in the subsidiary and Rs 53 crore as a fair value loss on financial instruments. The company’s consolidated net profit for the financial year ended March 2024 fell 4.4% to Rs 1150.33 crore from a year ago. The revenue increased by 10.3% to Rs 15205.85 crore compared to the same period.
RBI Estimates Q4 GDP Growth At 7.3%
In the near term, extreme weather events and prolonged geopolitical tension may pose risks to inflation, potentially leading to volatile crude oil prices, the RBI bulletin said.
Axis Bank Q4 Preview: PAT seen at Rs 6,305 crore vs YoY loss on higher interest income
The recovery in profit after tax (PAT) will be led by an uptick in interest income where the bank is seen to report a net interest income of Rs 12,926 crore, up by 10.60% on a year-on-year basis, the average estimates revealed.
Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend of Rs 70 per share
The net profit was down 4.6 percent quarter-on-quarter compared to the October to December period of FY24 and 2.32 percent against the March quarter of FY23
Nelco stock declines 3.4% despite a 7% surge in Q4 net profit
According to a filing, the board of directors has also recommended a final dividend of Rs2.20 per share for the financial year ending March 31, 2024.
Indian Oil Q4 Preview: Profit May Fall 11% Sequentially
The consensus estimates of analysts polled by Bloomberg estimate a sequential drop across the company's financial metrics. However, brokerages have a mixed view.