Sajjan Jindal Family Trust, a promoter entity of JSW Infrastructure, has divested 2% of its stake in the company for ₹1,210 crore through an open market transaction. The move was made to comply with the Securities and Exchange Board of India (SEBI)’s minimum public shareholding norms. Transaction Details Compliance with SEBI Regulations As per SEBI’s…
Zerodha co-founder Nithin Kamath has raised alarm over India’s escalating diabetes crisis, warning that the country is ignoring a major health emergency at its own peril. Kamath highlighted staggering statistics, revealing that 21 crore Indians are currently living with diabetes, with urban youth facing particularly high risks. Key Concerns Raised by Kamath Call for Systemic…
JSW Paints has successfully acquired a 75% stake in AkzoNobel India for Rs 12,000 crore, marking a significant consolidation in India’s Rs 65,000-crore paints market. The deal positions JSW Paints as the fourth-largest player in the industry, strengthening its presence alongside Asian Paints, Berger Paints, and Kansai Nerolac. Strategic Impact of the Acquisition Industry Implications…
Sterlite Technologies Ltd. (STL) has reported a significant improvement in its financial performance for the fourth quarter of FY25, with its net loss narrowing to ₹40 crore, compared to ₹82 crore in the same period last year. The company’s revenue from operations saw a 25% year-on-year (YoY) increase, reaching ₹1,052 crore, up from ₹843 crore…
The Securities and Exchange Board of India (Sebi) has issued a final reminder to investors of Karvy Stock Broking Ltd (KSBL), urging them to submit their claims before the June 2, 2025 deadline. KSBL was declared a defaulter by the National Stock Exchange (NSE) on November 23, 2020, following allegations of misappropriating client funds through…
The Reserve Bank of India (RBI) is expected to announce a record surplus transfer to the government, potentially exceeding ₹2.50 lakh crore, at its upcoming board meeting in Mumbai on May 23, 2025. This will be the first board meeting chaired by Financial Services Secretary Sanjay Malhotra, where the quantum of the surplus transfer will…
PB Fintech Ltd., the parent company of Policybazaar and Paisabazaar, has reported a 185% year-on-year (YoY) increase in net profit, reaching ₹171 crore for the fourth quarter of FY25. The company’s revenue from operations surged 38% YoY to ₹1,508 crore, driven by strong growth in its core online insurance business. Policybazaar, PB Fintech’s flagship platform,…
SKF India Ltd. witnessed a sharp rally in its stock price, gaining up to 8% on May 16, 2025, after reporting robust fourth-quarter earnings. The company’s cost-control measures contributed to a margin beat, reinforcing investor confidence in its operational efficiency. For Q4FY25, SKF India posted a 16% year-on-year (YoY) increase in net profit, reaching ₹203…
Texmaco Rail & Engineering Ltd. has reported a 17.5% year-on-year (YoY) increase in revenue, reaching ₹1,346.4 crore in the fourth quarter of FY25, driven by strong execution across its railway and engineering segments. The company’s EBITDA rose 14.7% YoY to ₹97.6 crore, with margins holding steady at 7.3%. However, net profit declined 12% YoY to…
Shipping Corporation of India (SCI) has reported a 40% year-on-year (YoY) decline in its consolidated net profit for the fourth quarter of FY25, falling to ₹185 crore from ₹307 crore in the same period last year. The company’s revenue from operations also saw a 6.2% YoY decline, dropping to ₹1,325 crore compared to ₹1,412.5 crore…
