EIH Ltd., the flagship company of The Oberoi Group, has posted a 6% year-on-year (YoY) increase in net profit, reaching ₹262 crore in Q4 FY25. The hospitality major also announced a final dividend of ₹1.5 per equity share, marking another strong quarter for the company. Key Financial Highlights Strategic Expansion & Growth Plans EIH Ltd….
Hindustan Zinc Limited (HZL), a Vedanta Group company, has won the bid for the Balepalyam tungsten block, spanning 308.3 hectares in Ananthapuram district, Andhra Pradesh. The company received a Letter of Intent (LoI) from the Government of Andhra Pradesh, granting it a composite licence under the Mineral Auction Rules, 2015. Strategic Importance of the Tungsten…
Indian Renewable Energy Development Agency (IREDA) has initiated legal proceedings against Gensol Engineering Ltd. and its subsidiary Gensol EV Lease Pvt Ltd., seeking to recover ₹729 crore in outstanding dues. The state-run lender has filed an original application with the Debt Recovery Tribunal (DRT) Delhi under the Recovery of Debts and Bankruptcy Act, 1993. Key…
NTPC Green Energy Ltd., the renewable energy arm of NTPC, has reported stellar Q4 FY25 results, with net profit surging 188% year-on-year to ₹233.21 crore. Despite the strong financial performance, the stock continues to trade below its IPO price of ₹108, reflecting market volatility and investor sentiment. Key Financial Highlights Market Reaction & Investor Sentiment…
Veteran investor Radhakishan Damani has re-entered Astra Microwave Products Ltd., participating in the company’s latest ₹174-crore fundraise via convertible warrants. Key Investment Details Astra Microwave’s Growth Outlook The renewed investor interest comes as Astra Microwave projects 15–20% revenue growth in FY26, backed by a strong order book of ₹2,332 crore as of December 2024. The…
Piccadily Agro Industries Ltd. has posted an 8% year-on-year (YoY) revenue growth in Q4 FY25, driven by strong performance in its premium spirits segment. Despite the positive financial results, the company’s stock plunged 10%, hitting its lower price band of ₹542.10. Key Financial Highlights Stock Market Reaction & Investor Sentiment Despite the strong financial performance,…
Power Finance Corporation (PFC) has officially classified its loan exposure to Gensol Engineering Ltd. as fraud, following preliminary findings. The state-run lender has fully provisioned for the loan amount and is considering legal recovery options, including approaching the National Company Law Tribunal (NCLT) if other methods fall short. Key Developments & Financial Impact Legal &…
Silicon Valley technologist and entrepreneur Aarthi Ramamurthy has officially launched her venture capital firm, Schema Ventures, with an initial fund of $20 million. The firm aims to back early-stage startups founded by exceptional outsider entrepreneurs, focusing on industrial software, robotics, workflow intelligence, and developer tools. Schema Ventures: A Vision for Outsider Founders Ramamurthy, who has…
IndusInd Bank Ltd., one of India’s leading private lenders, is facing scrutiny after uncovering a ₹173 crore accounting fraud in its microfinance portfolio. The bank suspects staff involvement in the irregularities, which were identified through an internal audit and an external investigation. Key Findings & Financial Impact Market Reaction & Stock Performance Following the disclosure,…
Trident Ltd., a leading manufacturer of textiles, yarn, paper, and chemicals, has reported a remarkable surge in net profit for the fourth quarter of FY25. The company’s net profit more than doubled to ₹133.2 crore, compared to ₹56.6 crore in the same quarter last year. Key Financial Highlights Stock Market Reaction & Dividend Announcement Following…
