Sterlite Power in talks with GIC for $300 mn fund infusion; weighs demerger of solutions biz
https://www.moneycontrol.com/news/business/companies/sterlite-power-in-talks-with-gic-for-300-mn-fund-infusion-weighs-demerger-of-solutions-biz-11100221.html
https://www.moneycontrol.com/news/business/companies/sterlite-power-in-talks-with-gic-for-300-mn-fund-infusion-weighs-demerger-of-solutions-biz-11100221.html
Moneycontrol
Sterlite Power in talks with GIC for $300 mn fund infusion; weighs demerger of solutions biz
Sterlite Power is the sponsor of India's first power sector InvIT, India Grid Trust (IndiGrid) which is listed. In September 2022, the firm announced that it had withdrawn its DRHP and deferred its listing plans due to unfavourable market conditions.
Delhivery Q1 net loss shrinks to Rs 89 crore on lower freight and servicing costs
https://www.moneycontrol.com/news/business/earnings/delhivery-q1-net-loss-shrinks-to-rs-89-crore-on-lower-freight-and-servicing-costs-11100301.html
https://www.moneycontrol.com/news/business/earnings/delhivery-q1-net-loss-shrinks-to-rs-89-crore-on-lower-freight-and-servicing-costs-11100301.html
Moneycontrol
Delhivery Q1 net loss shrinks to Rs 89 crore on lower freight and servicing costs
Express Parcel shipment volumes grew 19 percent to 182 million in Q1 FY24 from 152 million shipments in Q1 FY23.
Britannia Q1 Results: Net profit jumps 35%, misses estimates
https://www.moneycontrol.com/news/business/earnings/britannia-q1-results-net-profit-jumps-35-misses-estimates-11096081.html
https://www.moneycontrol.com/news/business/earnings/britannia-q1-results-net-profit-jumps-35-misses-estimates-11096081.html
https://www.nytimes.com/live/2023/08/04/business/jobs-report-july-economy?smid=tel-share
Pace of U.S. Hiring Slows but Remains Solid via @nytimes
Pace of U.S. Hiring Slows but Remains Solid via @nytimes
Nytimes
July Jobs Report: Pace of U.S. Hiring Slows but Remains Solid
The labor market moderated in July, reflecting a cooling economy. But wages grew slightly more than expected, and are running faster than policymakers would like as they fight inflation.
Bank of Baroda Q1 Results: Net profit grows 88% to Rs 4,070 crore; asset quality improves
https://www.moneycontrol.com/news/business/earnings/bank-of-baroda-q1-results-net-profit-grows-88-to-rs-4070-crore-asset-quality-improves-11101881.html
https://www.moneycontrol.com/news/business/earnings/bank-of-baroda-q1-results-net-profit-grows-88-to-rs-4070-crore-asset-quality-improves-11101881.html
Moneycontrol
Bank of Baroda Q1 Results: Net profit grows 88% to Rs 4,070 crore; asset quality improves
The gross non-performing assets of the bank declined to 3.51 percent as compared with 6.26 percent last year.
Berkshire Hathaway posts record operating profit, $35.9 billion of net income
https://www.moneycontrol.com/news/business/earnings/berkshire-posts-record-operating-profit-35-9-billion-of-net-income-11103491.html
https://www.moneycontrol.com/news/business/earnings/berkshire-posts-record-operating-profit-35-9-billion-of-net-income-11103491.html
Moneycontrol
Berkshire Hathaway posts record operating profit, $35.9 billion of net income
Profit from insurance underwriting increased by 74% to $1.25 billion, helping Berkshire post operating profit that surpassed its $9.28 billion haul from the same period last year.
Vijay Shekhar Sharma to purchase 10.3% stake in Paytm from Antfin
https://www.moneycontrol.com/news/business/vijay-shekhar-sharma-to-purchase-10-30-in-paytm-from-antfin-11108961.html
https://www.moneycontrol.com/news/business/vijay-shekhar-sharma-to-purchase-10-30-in-paytm-from-antfin-11108961.html
Moneycontrol
Vijay Shekhar Sharma goes all in, is now the largest shareholder in Paytm
An overseas entity owned by Sharma will acquire 10.3 percent stake in Paytm from Antfin through an off-market transfer. On closing of this transaction, Sharma’s shareholding in Paytm will increase to 19.42 percent, whereas Antfin’s shareholding will reduce…
Vijay Shekhar Sharma goes all in, is now the largest shareholder in Paytm
https://www.moneycontrol.com/news/business/vijay-shekhar-sharma-to-purchase-10-30-in-paytm-from-antfin-11108961.html
https://www.moneycontrol.com/news/business/vijay-shekhar-sharma-to-purchase-10-30-in-paytm-from-antfin-11108961.html
Moneycontrol
Vijay Shekhar Sharma goes all in, is now the largest shareholder in Paytm
An overseas entity owned by Sharma will acquire 10.3 percent stake in Paytm from Antfin through an off-market transfer. On closing of this transaction, Sharma’s shareholding in Paytm will increase to 19.42 percent, whereas Antfin’s shareholding will reduce…
Emami net profit jumps 86.6% to Rs 137.7 crore, revenue rises 6.8%
https://www.moneycontrol.com/news/business/earnings/emami-net-profit-jumps-86-6-to-rs-137-7-crore-revenue-rises-6-8-11109371.html
https://www.moneycontrol.com/news/business/earnings/emami-net-profit-jumps-86-6-to-rs-137-7-crore-revenue-rises-6-8-11109371.html
Moneycontrol
Emami Q1 results: Net profit jumps 86.6% to Rs 137.7 crore, revenue rises 6.8%
Total revenue of the company came at Rs 825.66 crore rising 6.8 percent.
Emami Standalone June 2023 Net Sales at Rs 697.88 crore, up 1.4% Y-o-Y
https://www.moneycontrol.com/news/business/earnings/emami-standalone-june-2023-net-sales-at-rs-697-88-crore-up-1-4-y-o-y-11120301.html
https://www.moneycontrol.com/news/business/earnings/emami-standalone-june-2023-net-sales-at-rs-697-88-crore-up-1-4-y-o-y-11120301.html
Moneycontrol
Emami Standalone June 2023 Net Sales at Rs 697.88 crore, up 1.4% Y-o-Y
Coal India Q1 results: Net profit declines 10% to Rs 7,941 crore, beats estimate
https://www.moneycontrol.com/news/business/earnings/coal-india-q1-results-net-profit-declines-10-to-rs-7941-crore-beats-estimate-11124331.html
https://www.moneycontrol.com/news/business/earnings/coal-india-q1-results-net-profit-declines-10-to-rs-7941-crore-beats-estimate-11124331.html
Moneycontrol
Coal India Q1 results: Net profit declines 10% to Rs 7,941 crore, beats estimate
CIL's total expenses in the first quarter increased 11.5 percent to Rs 26,745.68 crore from Rs 23,985.31 crore in the corresponding quarter of the previous fiscal.
Ananya Birla's Svatantra to acquire Sachin Bansal-backed Chaitanya Fin for Rs 1,479 cr
https://www.moneycontrol.com/news/business/ananya-birlas-svatantra-to-acquire-sachin-bansal-backed-chaitanya-fin-for-rs-1479-cr-11125381.html
https://www.moneycontrol.com/news/business/ananya-birlas-svatantra-to-acquire-sachin-bansal-backed-chaitanya-fin-for-rs-1479-cr-11125381.html
IRCTC Q1 Results: Net profit falls 5.42% to Rs 232.21crore, revenue rises 17.4%
https://www.moneycontrol.com/news/business/earnings/irctc-q1-results-net-profit-falls-5-42-to-rs-232-21crore-11129381.html
https://www.moneycontrol.com/news/business/earnings/irctc-q1-results-net-profit-falls-5-42-to-rs-232-21crore-11129381.html
Moneycontrol
IRCTC Q1 Results: Net profit falls 5.42% to Rs 232.21crore
IRCTC Q1 Results: The company reported a net profit of Rs 245.52 crore in the year ago period.
Banks to maintain 10% incremental CRR from August 12, says RBI governor
https://www.moneycontrol.com/news/business/banks-to-maintain-10-icrr-from-august-12-says-rbi-governor-11139631.html
https://www.moneycontrol.com/news/business/banks-to-maintain-10-icrr-from-august-12-says-rbi-governor-11139631.html
Moneycontrol
Banks to maintain 10% incremental CRR from August 12, says RBI governor
The central bank on August 10 kept the repo rate unchanged at 6.5 percent
LIC Q1 Results: Net profit rises multi-fold on higher income on investments
https://www.moneycontrol.com/news/business/earnings/lic-q1-results-net-profit-rises-multi-fold-on-higher-income-on-investments-11143531.html
https://www.moneycontrol.com/news/business/earnings/lic-q1-results-net-profit-rises-multi-fold-on-higher-income-on-investments-11143531.html
Hero MotoCorp Q1 FY24 PAT up at Rs 825 crore, revenue up at Rs 8,767 crore
https://www.moneycontrol.com/news/business/hero-motocorp-q1-fy24-pat-up-at-rs-825-crore-revenue-up-at-rs-8767-crore-11137331.html
https://www.moneycontrol.com/news/business/hero-motocorp-q1-fy24-pat-up-at-rs-825-crore-revenue-up-at-rs-8767-crore-11137331.html
Info Edge Q1 revenue rises 14% to Rs 676 crore, net profit down 50% on weak IT sector hiring
https://www.moneycontrol.com/news/business/earnings/info-edge-revenue-rises-14-to-rs-676-crore-net-profit-down-50-on-weak-it-sector-hiring-11154891.html
https://www.moneycontrol.com/news/business/earnings/info-edge-revenue-rises-14-to-rs-676-crore-net-profit-down-50-on-weak-it-sector-hiring-11154891.html
Moneycontrol
Info Edge Q1 revenue rises 14% to Rs 626 crore, net profit down 50% amid weak IT sector hiring
Billing for the June quarter dropped marginally by 0.2% year on year and stood at Rs 523 crore
Nykaa loses sheen: Q1 net profit falls 27% YoY to Rs 3.3 crore hurt by dip in demand
https://www.moneycontrol.com/news/business/earnings/nykaa-loses-sheen-q1-net-profit-falls-27-yoy-to-rs-3-3-crore-hurt-by-dip-in-demand-11155031.html
https://www.moneycontrol.com/news/business/earnings/nykaa-loses-sheen-q1-net-profit-falls-27-yoy-to-rs-3-3-crore-hurt-by-dip-in-demand-11155031.html
Moneycontrol
Nykaa Q1 revenue up 24% YoY led by beauty category, in-line with estimates
Nykaa's results come at a time when it has been hit by a slew of top-level exits. Since April, six senior executives, including company's chief marketing officer, Shalini Raghavan, among others, have quit the company