Mumbai, July 20 (IANS) Chief Minister Devendra Fadnavis on Monday directed officials to propose a new DELTA (Maharashtra Digitisation and Exchange of Land Token Assets) Act to unlock the latent value of immovable properties for public benefit. He said the proposed legislation should harness the untapped economic potential of property assets and help create new revenue sources as Maharashtra works towards achieving its goal of becoming a USD 1 trillion economy by 2030.The Chief Minister also dire…
Latest BSE News & Updates
Mumbai, July 20 (IANS) Shares of MTAR Technologies remained under heavy selling pressure on Monday, hitting the 5 per cent lower circuit for the third consecutive trading session as investor sentiment continued to weaken amid concerns over its key customer, Bloom Energy.The stock was locked at its 5 per cent lower circuit limit of Rs 5,741.50 during intra-day trade on the BSE.With the latest decline, the stock has fallen about 34 per cent from its record high of Rs 8,714.95 touched on June 19, 2…
New Delhi, July 18 (IANS) JK Cement Ltd on Saturday reported a 14.5 per cent year-on-year decline in consolidated net profit to Rs 278 crore for the first quarter of FY27 despite revenue from operations posting strong double-digit growth.The company’s profit attributable to shareholders stood at Rs 278 crore for the quarter ended June 30, compared with Rs 324 crore in the corresponding quarter of the previous financial year, according to an exchange filing.Meanwhile, operating performance weaken…
New Delhi, July 17 (IANS) Shares of tyre maker CEAT fell more than 9 per cent in early trade on Friday after the company reported a sharp decline in net profit in its June quarter earnings, with higher input costs squeezing margins despite healthy revenue growth.The stock dropped as much as 9.3 per cent to an intraday low of Rs 3,473.05 on the BSE by 10:18 a.m., compared with its previous close of Rs 3,829.30.The company reported a 96 per cent year-on-year decline in consolidated net profit to R…
Mumbai, July 16 (IANS) IT major Wipro on Thursday reported a decline in its net profit for the first quarter of FY27, with consolidated PAT declining over 4 per cent sequentially despite a marginal rise in revenue.The company’s consolidated net profit declined 4.7 per cent quarter-on-quarter (QoQ) to Rs 3,352 crore in the April-June quarter, although PAT was flat from a year ago.Meanwhile, gross revenue rose 1 per cent sequentially and 10.6 per cent year-on-year (YoY) to Rs 24,480 crore.At the o…
New Delhi, July 16 (IANS) Shares of ICICI Lombard General Insurance tumbled nearly 15 per cent on Thursday in morning session after the company’s June quarter earnings missed market expectations, with profit hit by higher claims and additional reserve provisions.As of 11:35 am, the stock fell as much as 14.86 per cent to a fresh 52-week low of Rs 1,544.40 on the BSE during early trade.At the last count, it was trading at Rs 1,614.30, a decline of 11 per cent from the previous close of Rs 1,814.T…
Mumbai, July 15 (IANS) Shares of Patanjali Foods tumbled as much as 20 per cent on Wednesday, hitting a fresh 52-week low and their lowest level since April 2020, before recovering some of the losses later in the trading session.The stock fell to Rs 328.20 on the NSE, extending its prolonged decline and nearly halving from the peak it had touched in July last year.Following the sharp correction, the company issued a clarification to the stock exchanges, stating that there were no material events…
New Delhi, July 10 (IANS) Elecon Engineering Company Ltd on Friday reported a sharp 60 per cent year-on-year decline in its consolidated net profit for the first quarter of FY27, as margin pressure weighed.The company’s consolidated net profit stood at Rs 70.4 crore during the April-June quarter, compared with Rs 175 crore in the corresponding period of the previous financial year, according to the exchange filing.On a standalone basis, the company’s net profit declined 75.5 per cent year-on-yea…
Mumbai, July 9 (IANS) Torrent Pharmaceuticals on Thursday announced a voluntary recall of select batches of its Semalix injection disposable pens as a precautionary measure after manufacturing partner Dr Reddy’s Laboratories identified a quality issue requiring technical evaluation.The recall is limited to select batches of Semalix Injection 2 mg and 4 mg manufactured by Dr Reddy’s Laboratories.Torrent clarified that the action is being taken purely as a precaution and said there is no risk to p…
Mumbai, July 8 (IANS) Indian benchmark equity indices witnessed a sharp selloff on Wednesday, with the Sensex and Nifty falling more than 2 per cent each, as rising crude oil prices, weak global cues and renewed geopolitical tensions dented investor sentiment.The market decline gathered pace during the second half of the trading session after US President Donald Trump said that an interim agreement with Iran to end the conflict was “over”, triggering fresh concerns over escalating tensions in th…