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Food delivery company Zomato reported a sharp decline of 57% in its consolidated net profit for the December quarter of FY25, which stood at Rs 59 crore, compared to Rs 138 crore in the same period last year. Despite the drastic fall in profits, the company reported robust growth in operating revenues, which rose 64%
As a result of its demerger from ITC Limited on January 1, 2025, ITC Hotels will be listed on the stock exchange. On January 6, ITC’s initial share price was determined at a pre-open session, while its shares dropped after the hotels division’s value was removed. While the exact listing date for ITC Hotels has
Investors are preparing for Standard Glass Lining’s IPO, with the grey market already buzzing. GMP, a vital barometer of investor sentiment, is witnessing a robust surge, suggesting that the company’s shares will be in high demand as early as next week. Standard Glass Lining IPO Details Standard Glass Lining’s IPO will open for subscription on
The demerger plans of Vedanta Resources are closely watched by investors. It is expected that the company’s restructuring plan will have a significant impact on shareholder value, which involves separating its Indian-listed businesses from its global operations. Through the demerger, corporate governance will be enhanced, operations will be simplified, and operational efficiency will increase. Demerger
In two decades, the Tata Group’s public offering of Tata Capital is expected to be a watershed moment for the group. In what is expected to become India’s largest IPO, this event is expected to raise substantial amounts of capital. In September 2025, Tata Capital, the financial services division of the Tata Group, plans to
In recent years, ITC Limited, an Indian conglomerate with a history dating back more than a century, has undergone a significant transformation. With a portfolio that includes cigarettes, hotels, paperboards, packaging, and agribusiness, the company has established itself as a leading player in many areas. Now the company is poised to strengthen its portfolio through
Tata Motors share now down 34.33% from record high levels. The sharp decline of the auto giant has raised concerns among investors. The stock price continues to fall, and many are wondering if this is a buying opportunity or a cautionary tale. Tata Motors Share Price Highlight As of December 18, 2024, Tata Motors shares
Tata Motors, the Indian car giant, is getting ready for a possible split between its passenger vehicle and commercial vehicle businesses in 2025. This strategic move is meant to increase value for shareholders by letting each division work on its own and focus on the unique dynamics of its market and growth possibilities. The demerger
Jio Financial Services Ltd (JFSL) reported a 3.1% increase in consolidated net profit to ₹689 crore for the July-September quarter of fiscal 2024-25 (Q2FY25), compared to ₹668 crore the previous year. Jio Financial Q2 Results Jio Financial Services announced a strong second-quarter performance. The company’s net profit rose to Rs 689 crore from Rs 668
The hospitality giant Oyo, which is planning to go public soon, reported a profit after taxes (PAT) of Rs 132 crore for the first quarter (Q1) of the financial year 2024-25 (FY25). This is up from a loss of Rs 108 crore in the same time last year, CEO and founder Ritesh Agarwal said at