PRICOL LTD OLD Q3 RESULTS
Vi's loss shrinks to Rs 6,432 crore in Q1FY25; subs churn continues
Vodafone Idea reduced its net loss to Rs 6434.4 crore in Q1 FY25 from Rs 7675 crore in the prior quarter. Operating costs remained stable, but the company continued to lose customers. Revenue dipped slightly, and the subscriber base decreased. However, the 4G subscriber count saw a minimal increase.
India's wearable device market sees first ever decline; falls by 10% YoY Q2 2024
India's wearable market saw a 10% decline in Q2 2024, with total shipments falling to 29.5 million units. Smartwatch demand decreased significantly, contributing to the overall dip. Earwear sales remained stable. Brands prioritized clearing old inventory and are expected to launch new models during the festive season. Analysts anticipate annual smartwatch shipments to drop by 10% in 2024.
FII Tracker: Banks, power stocks worth over Rs 11,000 crore dumped; IT new favourite
FIIs sold financial and power stocks worth Rs 11,444 crore in July, redirecting funds to IT, metals, auto, healthcare, and capital goods. Financial services experienced significant sell-offs due to various challenges. Conversely, IT companies reported positive growth, resulting in FIIs increasing their investments in the sector.
Indus Towers Q1 Results: Net profit up 43%, to buy back shares worth Rs 2,640 cr
Indus Towers reported a 43% rise in net profit to Rs 1,926 crore for its fiscal first quarter, mainly due to tower additions from Bharti Airtel’s 5G rollout and overdue collections from Vodafone Idea. Quarterly revenue increased 4.3% to Rs 7,383 crore. The company also approved a share buyback program worth Rs 2,640 crore.
ETMarkets Smart Talk: Rural consumption could top priority in Modi 3.0’s final Budget in July: Vinay Jaising
The BJP led NDA alliance is confident of forming the government for the third time consecutively which has not happened in India since 1962 when the Nehru led Congress was in Power; and an extremely spectacular event.
Why Hindu liberals and Muslims are divided on poll verdict
While liberals are interpreting the result as a rejection of Hindutva politics, Muslims believe nothing will change under the new government
- Go To Page 1
French Open 2024 Final Live: Date, time, how to watch Iga Swiatek vs Jasmine Paolini
French Open 2024 final for women between Jasmine Paolini and Iga Swiatek will take place this weekend. We have all live streaming details.
Karnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share
Its net interest margin, a key profitability metric, fell 57 basis points to 3.3% for the quarter as compared with 3.87% seen in the year-ago period. Net interest income was 3% lower at Rs 834 crore.
Senco Gold Q4 Results: PAT rises 24% YoY to Rs 32 crore; revenue jumps 40%
Senco Gold, a listed jewellery company, experienced a significant boost in its net profit during the fourth quarter of FY24, thanks to the surge in gold prices. The net profit increased by 23.6%, reaching Rs 32.17 crore compared to Rs 26.03 crore in the fourth quarter of FY23.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Foxconn reiterates Q2 revenue to grow, posts record April sales
Foxconn anticipates higher second-quarter revenue with record April sales and strong growth in AI server demand, smart consumer electronics, and cloud products. CEO Tim Cook optimistic about revenue growth.
Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4
Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus' trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vi's past outstandings, ultimately settled in April.
Bajaj Finance shares fall 7% after Q4 results. Should you buy, sell or hold?
Bajaj Finance shares dropped on BSE as investors reacted negatively to Q4 results. Motilal Oswal downgrades the stock to neutral rating citing weak FY25 guidance. Concerns include new product segments like cars, tractors, CVs, and potentially MFI.
Why Kenneth Andrade is going contra, avoiding defence and PSU stocks
Kenneth Andrade, of Old Bridge Capital Management, emphasizes market breadth narrowing to specific stocks and commodity favoritism. He discusses challenges in the IT and defense sectors, PSU companies, and future businesses like Zomato and Paytm. Andrade says: "I am a firm believer that any company out there who gets pricing power will get price earning multiples. "
Wipro Q4 results; RBI nod for Cred’s payment aggregator biz
IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in today’s ETtech Top 5.
Baby Girl Clothes for 5 to 8 year olds for adorable and comfortable fashion
The collection features a range of children's clothing aged 5 to 8. Tailored to the needs of young children, each outfit is carefully selected for its comfort, style and suitability for different occasions. From playful prints to elegant styles, discover a variety of clothes perfect for different occasions. Make sure your child feels stylish and comfortable with these hand-picked options.
Oil India Q3 Results: Net profit falls 9% YoY on lower crude prices
Last year, the government also reduced the prices of gas produced from old blocks to $6.50 per million British thermal units (mmBtu) from $8.57 per mmBtu, squeezing the realisation of ONGC and Oil India, which together operate old fields responsible for about 80% of India's annual gas output.
Satya Nadella interview; Zomato's restaurant onboarding push
Artificial Intelligence will not only help solve India’s unique structural challenges and help increase productivity and societal benefits, but those solutions for India may turn out to be relevant for the rest of the world as well, Nadella told ET.
Venky's Q3 Results: Firm posts loss on subdued oilseed business
The company reported a net loss of 79.4 million rupees (nearly $957,000) in the three months to Dec. 31, compared to a profit of 165.3 million rupees a year earlier
Indus Towers Q3 Results: Company reports profit versus loss a year ago
Indus has flagged continued recovery challenges from another key customer (read: Vodafone Idea), saying the latter’s funding plan had still not materialised and it had not made the committed payments pertaining to the outstanding amount due as at December 31, 2022. The telecom tower company’s net profit grew 19% sequentially, from Rs 1,295 crore in the fiscal second quarter to September 2023.
Rs 1 lakh-crore loss! HDFC Bank shares record worst day since Covid crash
HDFC Bank, India's second most-valued stock, recorded its worst daily performance since the Covid crash 3 years ago, falling 8.5% and causing a market crash. Investors in the bluechip lost over Rs 1 lakh crore as the market capitalisation of the Nifty heavyweight fell to Rs 11.67 lakh crore. Several brokerages have reduced their target prices on the stock, contributing to the downfall.
After survival & revival, for next 3 years, it is ‘thrival’ for Federal Bank: Shyam Srinivasan
Shyan Srinivasan says: "We bring in about 20 odd percent of the India remittances that come into India. Initially, it was just the Middle East and Kerala. Now it is non-Middle East non-Kerala, Middle East non-Kerala all quadrants working in favour and we think we are getting a good traction on that. So, on balance, the bank is now as widespread, as prominent as we would like it to be across many geographies."
TCS management is confident that FY25 will be better than FY24. Here’s why
K Krithivasan says: "You cannot look at the deal wins in the same lens as revenue. It does not follow the same revenue trajectory because there is always a certain amount of lumpiness as a timing issue. You need to look at over a long period of time, over the last four quarters, how the deal wins have been very strong. And this quarter, it is not aided by any mega deals because mega deals tend to be lumpy and all come from mid-sized deals. We are very happy with what we achieved in terms of deal wins."
TCS may grow in single digits this fiscal year: CEO K Krithivasan
The 59-year-old executive, who assumed office in June, said the investigation into the preferential treatment to recruitment firms by the TCS RMG has been concluded with a list of 19 employees against whom action has been taken for violation of the code of conduct.
SpiceJet defers Q4 FY23, Q1 FY24 results till August 14
Spicejet has postponed the announcement of its Q4FY23 and Q1FY23 results until August 14th . The board meeting on Friday partially executed the agenda items before being adjourned to August 14th. Earlier, the airline had announced through its exchange filing that its financial results for Q4 FY23, Q1 FY24 will be announced on August 11.
Rajesh Gopinathan & CEO designate K Krithivasan on TCS' short-term challenges, possibilities of double digit growth & more
TCS CEO Designate K Krithivasan has said that despite some uncertainty and project deferrals last quarter, there is enough demand for technology in the medium to long term. He believes that once the uncertainty wears off, people will return to investing in technology as it provides a comparative advantage. TCS is confident about its ongoing strength, and its deal flow indicates its relevance and ability to engage with customers. While the short-term volatility may impact market pricing, it does not significantly change the company's overall operating stance.
TCS reports weaker than expected Q4 numbers; flags pain in North American market
Outgoing CEO & MD Rajesh Gopinathan told reporters on Wednesday that the fourth quarter numbers were “definitely weaker-than anticipated.”
Pricol slips into red after hitting 52-week high; here's why
As Managing Director and representative of the Promoter Group of Pricol Limited, I would like to reiterate that the Promoter group stands absolutely committed to the company and its future prospects,” Vikram Mohan, Managing Director of Pricol said.
Adani Power hits lower circuit for 5th straight day, stock falls 23% in 5 days
Since the selloff began after New York-based short-seller Hindenburg Research put out an explosive report on January 24 making a series of allegations against Adani Group companies, the stock has been in a free fall. The combined market capitalisation of all Adani companies has halved, taking the total loss to Rs 10 lakh crore.
Load More
