DB CORP Q2
Numero uno: How GCCs raced to pole position in hiring stakes
Global capability centres (GCCs) were the top hirers of tech talent in the first quarter of FY25, beating out IT services firms for the first time. This is in line with global companies setting up their innovation centres in India. Data shows that GCC hiring demand was up 46% in Q1.
Financial audit, top-deck rejig at Medikabazaar; GCCs woo more techies
A financial audit and top-level reshuffle are in the works at business-to-business (B2B) startup for medical supplies Medikabazaar. Details on this and more in today’s ETtech Morning Dispatch.
Best Neckbands Under 2000 with Great Utility and Audio
Discover the best bluetooth neck bands under 2000 that combine style with functionality. From crisp audio quality to ergonomic designs, these budget-friendly neckbands offer seamless connectivity and long-lasting battery life. Whether for music aficionados or avid multitaskers, find the perfect blend of affordability and performance in our comprehensive review of products.
Uptick in IT hiring; ex-bureaucrat turns VC
Happy Monday! IT hiring has shown a glimmer of hope in Q1. This and more in today’s ETtech Morning Dispatch.
IT hiring: After prolonged slowdown, data signals green shoots
After months of subdued hiring numbers, IT companies are in for good news. Overall, tech hiring has seen a slight improvement in Q1, as per staffing firms, in line with expectations of some green shoots in demand. IT firms seem to be favouring experienced hires due to immediate project needs.
Pankaj Pandey on 2 sectors that are likely to see strong Q1 earnings
Raymond specifically, we do not have a coverage. But I think you have very few stocks which can be bought at current levels in real estate given the price appreciation a lot of these stocks have seen. So, some bit of a time correction or price correction is what we are waiting for.
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LIC Q4 net profit up 2.5%, declares Rs 6/share dividend
The insurer reported profit of ₹13,421 crore in the same period last year. The solvency ratio improved to 1.98% from 1.87% last year. LIC announced an interim dividend of ₹6 per share.
ONGC Q4 profit jumps 19x to Rs 9,869 crore
ONGC Q4 profit: Revenues fell 4.5% from a year earlier to ₹34,637 crore in the fourth quarter. The operational cost fell 12% in a year to ₹25,456 crore in the quarter on lower exploration cost write-off.
DB Corp Q4 Results: Net profit up nearly three-fold at Rs 122 crore
Media house DB Corp Ltd on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 122.52 crore for the fourth quarter ended March 31, helped by a broad-based growth across verticals.
10 Best Digital Lockers for Home in India
Delve into the realm of home security with our curated selection of the best digital lockers, meticulously crafted to safeguard your valuables with cutting-edge technology and uncompromising reliability. In this article, we unveil a range of digital lockers designed to meet the diverse needs of modern homeowners, blending sleek design with advanced security features. From user-friendly pin code access to biometric fingerprint recognition, these lockers offer unparalleled convenience and peace of mind. Whether you're safeguarding important documents, precious jewelry, or valuable electronics, our top picks cater to every aspect of home security.
Quess Corp Q4 Results: PAT rises to Rs 98 crore
Business services provider Quess Corp on Friday reported an increase in profit after tax (PAT) to Rs 98 crore during the March quarter. The company's PAT stood at Rs 30 crore in the corresponding period of the previous fiscal, Quess Corp said in a regulatory filing.
Hero MotoCorp shares surge 6% after Q4 results. Should you buy, sell or hold?
Hero MotoCorp Share Price: Hero MotoCorp shares surged 6% after Q4 results, with net profit up 18% to Rs 1,016.05 crore. Brokerages remained positive: Jefferies expects double-digit industry revenue growth, maintains 'buy'; BofA sees potential in Hero 2.0 strategy, sets target price of Rs 5,400; Kotak retains 'sell' rating.
Hot Stocks: Brokerage view on Voltas, Bharat Forge, Hero MotoCorp and TVS Motor
After the fourth-quarter results, Jefferies upheld a buy rating for TVS Motor and Hero MotoCorp. Meanwhile, Citigroup suggested selling Bharat Forge but buying Voltas.
Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
Hero MotoCorp declared a final dividend of Rs. 40 per share. This dividend together with interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal, of Rs.100 per equity share, takes the aggregate total dividend for the year 2023- 24 to Rs. 140 per equity share.
Self-reliance! Mutual funds holding in NSE-listed companies at all-time high in Q4 even as FIIs pull away
The share of FIIs was down by 51 bps quarter-on-quarter (QoQ), resulting in the gap between FII and DII holdings narrowing further to an all-time low in this quarter. The DII holding is now just 9.23% lower than the FII holding.
Mindspace REIT records highest-ever quarterly leasing of 2 million sq ft in Q4
The REIT’s net operating income grew 9.3% from a year ago during the fourth quarter to Rs 477 crore and 11.9% to Rs 1,896 crore for 2023-24. “We had a record quarter, leasing 2 million sq ft, making this our top-performing quarter since going public. Our committed occupancy now stands at 90.6%,” said Ramesh Nair, CEO, K Raheja Corp Investment Managers, Manager to Mindspace REIT.
IOC Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore; dividend declared at Rs 7
IOC Q4 Results: The company's revenue from operations fell 3% to Rs 2.19 lakh crore for the fourth quarter, compared with Rs 2.26 lakh crore in the previous year's quarter.
Chennai Petroleum Corp shares soar 16% on Rs 55 dividend, 72% QoQ PAT growth
Chennai Petroleum Corp had reported a PAT of Rs 365.28 crore in Q3FY24. On a year-on-year basis, the net profit plunged 38% versus Rs 1,012.81 crore in Q4FY23.
Q4 results preview: 29 companies likely to report doubling of profit
29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.
Rekha Jhunjhunwala trims stake in multibagger Canara Bank & a smallcap in March quarter
Jhunjhunwala cut her stake in Canara Bank by 62 bps to 1.45% in the January-March quarter from 2.07% at the end of the previous quarter. The stock has delivered returns of 115% over the past 12 months and its year-to-date returns are 38%.
Sensex, Nifty end flat after record highs; M&M, RIL drag
The 30-share BSE benchmark Sensex surged 33 points or 0.05% to settle at 74,119. The broader NSE Nifty gained 19 points or 0.09% to end at 22,493. Tata Steel, Tata Motors, JSW Steel, and Bajaj Finserv were the top gainers. Bajaj Finance, Asian Paints, ITC, Nestle India, and TCs also closed higher. Axis Bank and ICICI Bank closed lower.
Strong outlook: Indian print media industry is poised to record robust growth in 2024
The Indian print media industry is projected to experience robust growth in 2024, with advertising revenues returning to pre-pandemic levels. Print remains resilient in India, and industry experts anticipate rapid growth, emphasizing the credibility and effectiveness of print advertising for brand recognition.
Hero MotoCorp Q3 Results: Profit surges 51% YoY to Rs 1,073 crore; co to pay Rs 100/share dividend
Hero Moto Q3 Results: Revenue from operations grew 21% YoY in the quarter to Rs 9,724 crore and was higher than an ETnow poll of Rs 9,690 crore. The board has recommended an interim dividend of Rs 75 a share for the current financial year, and a special dividend of Rs 25 a share to mark the centennial year of Chairman Emeritus Brijmohan Lall Munjal.
Hero MotoCorp Q3 results today: What to expect from India’s largest 2-wheeler maker?
Investors and analysts will closely monitor Hero MotoCorp's planned product launches for 2025, raw material price outlook, advertising spend trajectory, and rural vs urban demand outlook.
Quess Corp records 79% y-o-y rise in Q2 profit
The company saw an 11% rise in revenue for the quarter at Rs 4,748 crore, as compared to Rs 4,273 crore a year ago. Its reported EBITDA grew by 21 per cent to Rs 164 crore, against Rs 135 crore during the quarter ended September 2023.
Container Corporation of India Q2 Results: Net profit rises 21% to Rs 368 crore
The company's total income rose to Rs 2,299.78 crore from Rs 2,029.74 crore a year ago. Its expenses were at Rs 1,818.02 crore as against Rs 1,634.07 crore in the July-September period a year ago. The board declared an interim dividend of Rs 3 per equity share of face value of Rs 5 each, amounting to Rs 182.79 crore for 2023-24.
IOC Q2 Results: Firm reports profit of Rs 12,967 crore, announces Rs 5 dividend
IOC Q2 Results: Revenue from operations fell 11% to Rs 2.02 lakh crore in the reporting quarter, compared with Rs 2.28 lakh crore in the same quarter of last year. The average gross refining margins (GRM) for the period April- September period stood at $13.12 per bbl, down from $25.49 per bbl in the same period last year.
Rekha Jhunjhunwala’s portfolio net worth grows 2.7% to Rs 33,907.9 crore in September quarter
The celebrity investor shed her stakes in Autoline Industries and Rallis India in July-September quarter as per the public shareholding data available on the BSE. Jhunjhunwala's holdings which stood at 2.52% and 7.75% in Autoline Industries and Rallis India, respectively, did not show up in the September quarter filings.
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