Godrej Consumer Buys Raymond’s FMCG Business for Rs 2,825 Crores in an All-Cash Deal
Godrej Consumer Products Limited (GCPL) would pay Rs 2,825 crores for the FMCG business of Gautam Singhania-led Raymond Consumer Care Limited (RCCL) to get a...
Author : Chinmay Bohra
140% YoY Net Profit Jump and Buyback at 38% Premium, Win-Win for Welspun Investors
Welspun India’s stock soared on April 27 after the company approved an earlier request for a buyback of shares and announced a 140% YoY increase...
Wipro to Buy Back Nearly 27 Crore Shares at a 19% Premium
On April 27, the Board of Directors of Wipro, a Bengaluru-based IT company, approved the repurchase of equity shares worth Rs 12,000 crore from shareholders....
KPIT Technologies Shares up 6% as Profit Jumped 39% YoY, Announces Rs 2.65 Dividend
KPIT Technologies shares rose more than 6% today and were trading around 52-week highs after the software giant announced a 39% increase in net profit...
Maruti Suzuki Net Profit Up 43%, Announces Highest Ever Dividend
For the fourth quarter that ended March 2023, Maruti Suzuki’s standalone net profit increased 43% year on year (YoY) to Rs 2,624 crore, while revenue...
Mahindra CIE Rally 8% After 73% YoY Growth in Quarter Results
Mahindra CIE Automotive climbed 8% to Rs 387.55, compared to a 3.2% loss in the Nifty 500 index, after the company disclosed a 73% increase...
US Stocks Tank Amid Mixed Earnings, First Republic 50% Fall Revives Bank Worries
On Tuesday, US equities fell the most in a month, owing to mixed profits and a new set of concerns about the banking industry following...
First Republic Bank’s Depositors Withdraw $100 Billion, Share Hits New Low
First Republic Bank’s stock dropped over 50% to a record low on Tuesday after the firm disclosed that depositors withdrew more than $100 billion during...
De-Dollarisation and the Rise of the Underdogs
The United States is facing a growing wave of global de-dollarisation. Many of the largest and most populous countries are banding together to launch a...
Rail Vikas Nigam Shares Rally 14% Over Receiving Several Orders
Rail Vikas Nigam (RVNL) shares rose 14% to Rs 88.35 in today’s trading session after it emerged as the lowest bidder for manufacturing and maintenance...